Tag: renewable investment

Indian government sanctions 23 new ISTS projects worth Rs 158.93 billion

Indian government sanctions 23 new ISTS projects worth Rs 158.93 billion

December 13, 2021 |

The Indian union minister of power and new and renewable energy has sanctioned new 23 Inter-State Transmission System (ISTS) projects with an estimated cost of Rs 158.93 billion. The new ISTS projects include 13 projects with an estimated cost of Rs 147.66 billion to be developed under tariff-based competitive bidding and 10 projects with an estimated cost of Rs 11.27 billion to be developed under a regulated tariff mechanism.

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German Coalition Agreement sets a clear focus on climate protection and digitalization: Clifford Chance

German Coalition Agreement sets a clear focus on climate protection and digitalization: Clifford Chance

December 5, 2021 |

Clifford Chance has released “Snapshot of the German Coalition Agreement – Impact on Energy and Infrastructure in Germany”. On November 25, 2021, the coalition of Social-Democrats (SPD), Greens (Bündnis 90/Die Grünen) and Liberals (FDP) presented its Draft Coalition Agreement to the public. The new coalition will especially focus on climate protection as well as on the modernisation and digitalisation of Germany.

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Germany plans to increase its renewable energy share to 80 per cent by 2030

Germany plans to increase its renewable energy share to 80 per cent by 2030

December 1, 2021 |

The Social Democrats (SPD), Alliance 90 (The Greens), and Free Democrats (FDP) of Germany, have entered into an agreement on a coalition contract that commits Germany to phase out coal-fired power generation by 2030, two months after the general election. The coalition partners also intend to expand the share of renewable energy to 80 per cent by 2030.

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US Solar Power Capacity To Maintain Strong Growth Despite Short-Term Risks

US Solar Power Capacity To Maintain Strong Growth Despite Short-Term Risks

November 15, 2021 |

We have once again revised up our growth forecasts for the US solar sector, with total solar capacity now set to increase from 89.9GW in year-end 2020 to 241.2GW in 2030 – a 145% increase over the coming decade. Last quarter, we were forecasting the solar sector to reach 220.1GW capacity by the end of our 10-year forecast. Following this latest upwards revision, we now forecast solar power will account for 9.0% of the US power generation mix in 2030 – up from a 3.3% share in 2020.

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RNESL makes an offer to acquire a 25.9 per cent stake in Sterling and Wilson

RNESL makes an offer to acquire a 25.9 per cent stake in Sterling and Wilson

October 28, 2021 |

Reliance New Energy Solar Limited (RNESL), the green energy subsidiary of Reliance Industries Limited (RIL), has offered Rs 375 per share to acquire 49.14 million equity shares of Sterling and Wilson Solar for around Rs 18.42 billion. The 49.14 million shares represent a 25.9 per cent equity investment in Sterling and Wilson Solar or the company’s entire public shareholding.

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Xebec acquires Green Vision for 82 million euros

Xebec acquires Green Vision for 82 million euros

January 4, 2021 |

Xebec Adsorption Inc. has closed its previously announced acquisition of Green Vision Holding BV, the parent company of HyGear Technology and Services BV, for aggregate consideration of 82 million euros and the assumption of 18.4 million euros in net debt.

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Offshore wind projects in the US

Offshore wind projects in the US

December 25, 2020 | ,

According to forecasts, the US offshore wind industry is expected to deliver 25 GW by 2029. Of this, 9 GW has already been contracted or will be soon approved. The state renewable purchase standards contracting call for 34 GW by 2035. Meanwhile the Federal lease program currently supports approximately 20 GW to 30 GW of projects depending on turbine density.

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CDPQ to invest USD 1 billion in Invenergy Renewables

CDPQ to invest USD 1 billion in Invenergy Renewables

December 21, 2020 |

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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Senvion sells Indian operations to Dubai-based GREDHCL

Senvion sells Indian operations to Dubai-based GREDHCL

December 9, 2020 |

Senvion GmbH has agreed to sell 100 per cent of its Indian operations (Senvion India) to Global Renewable Energy Development Holding Company Limited (GREDHCL). Subject to regulatory approvals, the sale is proposed to close in the first quarter of 2021.

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KKR to invest $1.4 billion in NextEra Energy’s portfolios

KKR to invest $1.4 billion in NextEra Energy’s portfolios

November 3, 2020 |

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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EBRD to help finance construction of 100 MW wind project in Kazakhstan

EBRD to help finance construction of 100 MW wind project in Kazakhstan

October 27, 2020 | ,

EBRD announced funding an amount of $24.8 million to support the development of a wind project in Kazakhstan with a capacity of 100 MW. The project work will be undertaken by Zhanatas Wind Power Station, a special project company run and owned by China Power International Holding in partnership with Dutch alternative asset manager Visor Investments Cooperatif.

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