Tag: renewable finance

Is RE capacity in the EU making windfall profits from high wholesale prices?

Is RE capacity in the EU making windfall profits from high wholesale prices?

December 22, 2022 |

High fossil fuel prices have resulted in windfall profits for some energy companies. In fact, the profits of major oil, gas, coal and refinery companies in the first half of 2022 more than doubled from the same period last year, and discussion on windfall profits in the European Union has extended to electricity generators (including renewables-based ones) that can produce electricity at lower marginal costs than natural gas-fuelled power plants. 

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Guide on climate-related disclosure for central banks

Guide on climate-related disclosure for central banks

January 4, 2022 | ,

This report is a first “how-to” guide for central banks on producing their own climate-related disclosures. The guide takes, as its starting point, the recommendations of the Financial Stability Board’s Task Force on Climate-related Financial Disclosures (TCFD). The focus of the guide is on climate-related financial exposures.

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Implementing the Clean Energy Investments in US Bipartisan Infrastructure Law

Implementing the Clean Energy Investments in US Bipartisan Infrastructure Law

December 30, 2021 |

The Build Back Better Act contains the heart of President Biden’s domestic agenda, including over $500 billion in climate and clean energy provisions that are necessary for the U.S. to meet its climate goals. While the fight for the Build Back Better Act is not over, we also must ensure that existing federal funds are put to the best decarbonization uses possible. In November, President Biden signed the $1.2 trillion Infrastructure Investment and Jobs Act, also known as the Bipartisan Infrastructure Law.

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Enfinity Global and CarVal Investors enter into a $300 million loan facility

Enfinity Global and CarVal Investors enter into a $300 million loan facility

September 15, 2021 |

Enfinity Global Inc., a renewable energy and services platform, and CarVal Investors have entered into a $300 million loan facility to facilitate the development of Enfinity’s 3 GW renewable energy portfolio. Enfinity reported that the facility aligns sustainable investment guidelines with the execution capabilities required to be a leader in the net-zero carbon economy,

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Renewable energy investment expectations in the US

Renewable energy investment expectations in the US

August 25, 2021 |

American Council on Renewable Energy (ACORE) launched its “$1 trillion 2030 campaign” in 2018 to achieve $1 trillion in private sector investment in renewable energy and grid technologies by 2030 in the US. In June 2021, it released a report titled, “Expectation for Renewable Energy Finance in 2021-2024: Growing confidence in the Aftermath of the Pandemic”. The report assesses progress on the campaign and presents the results of two new surveys of professionals who actively finance or develop projects in the renewable energy sector.

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Adani Green set to acquire 5 GW of renewable energy assets from SB Energy for $3.5 billion

Adani Green set to acquire 5 GW of renewable energy assets from SB Energy for $3.5 billion

May 21, 2021 | ,

India-based Adani Green Energy Limited (AGEL) has announced the signing of a share purchase agreement to acquire a 100 per cent stake in SB Energy India. This includes an 80 per cent stake from Soft Bank Group and the remaining 20 per cent from Bharti Group. The announcement signifies the largest acquisition in the renewable energy sector in India at an enterprise valuation of about Rs 260 billion. The transaction will be finalized in August 2021.

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United Kingdom to invest $132 million in offshore wind ports

United Kingdom to invest $132 million in offshore wind ports

March 12, 2021 |

The government of UK plans to invest $132 million in developing two offshore wind ports. $104 million has been allocated for the Able Marine Energy Park on the south bank of the River Humber, while the remaining $27 million is slated for the Teesworks Offshore Manufacturing Centre, located on the River Tees.

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$208 million raised for Japan Green Infrastructure Fund

$208 million raised for Japan Green Infrastructure Fund

February 18, 2021 |

Canadian Solar with Macquarie and other investors has raised $208 million, which is equivalent to about 22 billion Japanese Yen for its Japan Green Infrastructure Fund (JGIF). The fund has been set up with the aim to develop solar power capacity in Japan.

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Aker Horizons invests in Mainstream Renewable Power

Aker Horizons invests in Mainstream Renewable Power

January 20, 2021 |

Norway-based Aker Horizons, a wholly owned subsidiary of Aker ASA, will invest in a 75 per cent equity stake in Mainstream Renewable Power, with a valuation of Euro 1 billion, which includes an earn-out of up to Euro 100 million in 2023 and is subject to customary adjustments

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EDP Renewables acquires majority stake in C2 Omega

EDP Renewables acquires majority stake in C2 Omega

January 20, 2021 | ,

EDP Renewables North America LLC (EDPR NA) has acquired a majority interest in C2 Omega LLC, a distributed solar platform of C2 Energy Capital LLC. Post-acquisition, the new company will be known as EDPR NA Distributed Generation LLC (EDPR NA DG). The company is set to acquire an 85 per cent equity stake in C2s solar portfolio.

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Colossal six months for offshore wind; Investments up by 300% in 1H 2020

Colossal six months for offshore wind; Investments up by 300% in 1H 2020

July 13, 2020 |

Offshore wind financings in 1H 2020 totaled $35 billion, up 319% year-on-year and in fact well above 2019’s record full-year figure (a revised $31.9 billion). The first half of this year saw investment decisions made on 28 sea-based wind farms, including the largest ever, the 1.5GW Vattenfall Hollandse Zuid array off the coast of the Netherlands, costing an estimated $3.9 billion.

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