India’s Science and Technology Minister held an online discussion with the UK Science Minister, during which the two addressed green energy collaboration between the two countries among other issues. The India-UK Science and Technology relationship is rapidly expanding, with a combined research programme that has grown from absolutely nothing to close to £300-400 million.
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The tectonic shift that makes the clean energy sector one of the fastest-growing in the global economy, attracting significant institutional and retail investor interest, is driven by several notable reasons. Energy Tracker Asia’s new research report, ‘5 Shifts That Define the Increased Investment Interest in Renewable Energy 2021’ explores why renewable energy investments are on the rise.
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On behalf of the Australian government, the Australian Renewable Energy Agency (ARENA) has announced the upcoming launch of the $43 million Industrial Energy Transformation Studies Program. It has been announced as part of the Federal Budget and aims at identifying opportunities to reduce energy costs and emissions in the industrial sector.
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ndian government’s Department of Heavy Industries, Ministry of Heavy Industries and Public Enterprises has announced amendments to the Faster Adoption and Manufacturing of Electric Vehicles in India Phase II (FAME II) programme. Moving from a uniform demand incentive of Rs 10,000 per kWh for all vehicles, the new amendments now provide specific demand incentive for electric two-wheelers of Rs 15,000 per kWh.
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RUSNANO and the Eurasian Development Bank (EDB) plan to work together for implementing projects in various spheres of renewable and clean energy including green hydrogen as well as other high-tech sectors in the Eurasian Economic Union (EAEU). An agreement to this effect has been signed recently.
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Blackheath Resources Inc. and Wolverine Energy and Infrastructure Inc. have entered into an amalgamation and arrangement agreement for the proposed sale of Wolverine’s clean energy assets, renewable natural gas (RNG) development projects and solids recycling facilities to Blackheath for total proceeds of $150 million. The proceeds from the sale of the clean energy assets will be $50 million in cash, with the remainder of such proceeds comprising shares of Blackheath.
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HC2 Holdings, Inc. has announced the sale of its majority-owned clean energy subsidiary Beyond6, Inc. to Mercuria Investments US, Inc. for approximately $169 million. HC2, which owns approximately 61 per cent of Beyond6 on a fully diluted basis, expects to receive approximately $65 million in cash.
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The African Development Bank has approved a $7 million grant from the Sustainable Energy Fund for Africa (SEFA), for technical assistance in setting up a mini-grid acceleration initiative. It aims to boost energy access in remote regions and enhance climate resilience in Africa.
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CDPQ, a global institutional investor, has announced that it will invest USD 1 billion in Invenergy Renewables LLC, a private developer, owner and operator of wind and solar projects in North America, to further support the company in its development activities and growth.
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KKR & Co. Inc. has announced the signing of agreements with NextEra Energy Resources LLC, a subsidiary of NextEra Energy Inc. and NextEra Energy Partners LP to acquire equity interests in portfolios of contracted utility-scale wind and solar power assets. , KKR will invest a total of about $1.4 billion in two transactions for equity interests in 1,625 MW of renewable energy assets.
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