Deals & Finance

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Chile Solar

SkyPower Secures 200MW Projects In Rapidly Growing Indian Solar Energy Sector

The Agreement consolidates SkyPower’s advance in India, one of the fastest growing solar markets in the world. Over recent months, it has secured 400MW of Solar PV projects around India, positioning it strongly to capitalise on the most significant international opportunity at present; that of the Government of India’s 100GW solar target for 2022. Kerry Adler, SkyPower’s CEO, stated, “SkyPower is committed to making a powerful contribution to India’s goal of generating 100 GW of solar power by 2022, while the people of Telangana will benefit from clean, reliable and affordable energy”.

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Invenergy Announces 120 MW Wind Power Agreement with 3M

Leading renewable energy producer Invenergy has announced a partnership with 3M to reduce emissions through wind power, increasing it’s corporate off-site renewable energy procurement activities. The sector has nearly tripled from 2014 to 2015 with more than 3,400MW announced. Together with a other Purchase Agreements (PPA) announced with Google and other Fortune 500 companies, this brings Invenergy’s total corporate customer renewable energy portfolio to 570MW. 2016 is expected to be another strong year for clean energy corporate power procurement.

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Cerberus Increases Renewable Energy Investments With 650MW Renovalia Acquisition

Cerberus has completed the acquisition of Spanish renewable energy company Renovalia Energy S.A. from affiliates of the Ortega Family and IDM Ortemar. This transaction gives Cerberus 100% control of Renovalia. Renovalia operates in six countries and has more than 650 megawatts of power generation under management along with a global development pipeline of wind farms and solar PV plants. The acquisition adds further clean energy assets to the total of US $28 billion currently under management.

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$430m Investment Fund Launched for Sustainable and Clean Energy Companies

Vision Ridge Partners has announced the launch of Sustainable Asset Fund (“SAF”). At $430 million, the fund is one of the largest in this sector and one of the few private investment portfolios focused on later stage clean energy companies and other sustainable assets. With a partnership between Vision Ridge, Capricorn Investment Group and the Grantham Foundation; the fund seeks to demonstrate the huge investment potential residing in breakthrough commercial solutions to the world’s most pressing problems.

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Solar Power Project

JinkoSolar Agrees Largest US Contract to supply 1GW Solar PV Modules To sPower

China’s JinkoSolar has just agreed it’s largest US contract. It’s to supply up to 1GW, over three million of its high efficiency solar pv modules, to sPower before the end of 2016. The timing of the agreement is seen as highly significant in light of the recent extension by the US Federal Government of Investment Tax Credits for utility-scale solar development. The agreement also strengthens JinkoSolar, which currently has, 15,000 employees, 12 offices and 5 production facilities, globally.

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RES Sells 198MW Bluestem Wind Project to Exelon – Powers Google Data Centers

The project will consist of 60 Vestas 3.3MW V117 wind turbine generators and construction will begin immediately. It will provide up to 300 jobs during it’s peak, and is scheduled to be completed at the end of 2016, generating an approximate 845,000 MWh per year to the Southern Power Pool electrical system – enough to power over 77,000 U.S. homes. A power purchase agreement for the project has been executed with Google, as part of the drive to power it’s data centres with clean energy.

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Pattern Energy Completes 150 MW Wind Farm for Amazon

The facility was completed on schedule and means that all 16 of its wind power facilities are fully operational. Since its IPO, it has grown its portfolio by 119%, pointing towards the value of our strategic relationship with Pattern Development. Pattern Energy has rights of first offer to Pattern Development’s entire project development pipeline, which totals more than 5,900 MW with projects in the USA, Canada and Chile.

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Ten K Solar Increases Momentum with Goldman Sachs Investment

Ten K marches on: the company has just completed its third consecutive year of triple digit growth and is rapidly establishing a new standard for safety, reliability and energy density on large-scale rooftop solar projects. Ten K’s low-voltage, cell independent technology eliminates a host of safety and reliability problems associated with legacy solar.

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Clean Energy Investment Surges Globally to Record $329bn

Clean Energy Defies Fossil Fuel Price Crash to Attract Record $329bn Global Investment In 2015. The year was also the highest ever for installation of renewable power capacity, with 64GW of wind and 57GW of solar PV commissioned during the year, an increase of nearly 30% over 2014. China was again by far the largest investor in clean energy in 2015, with a 17% increase to $110.5bn, as its government spurred on wind and solar development to meet demand.

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