September 2016

Energy In Full Force During Offshore Energy Exhibition & Conference 2016

Energy, Europe/Middle East/Africa, Policy, Wind

On 25 and 26 October 2016 Amsterdam RAI will again host the international gathering of the whole offshore energy industry, during Offshore Energy Exhibition & Conference 2016, where exhibitors and visitors can meet more than 11,500 professionals, from engineering to sales, from procurement to finance and from project management to executive management. The event will be kicked-off with the first Offshore Energy Opening Gala Dinner which will take place on the evening prior to the official start of OEEC on Monday, October 24th. This festive evening will take place at the impressive Beurs van Berlage in Amsterdam and will also see the presentation of the Offshore Energy Awards.

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Gamesa Secures 50MW Wind Farm Project With ReNew Power In Karnataka, India

Asia Pacific, Deals & Finance, Energy, Head Lines, Wind

Gamesa has secured a new order in India from ReNew Power, one of India’s leading independent power producers (IPP), for the EPC construction of a 50MW wind farm located in Bijapur, in the state of Karnataka. The agreement with ReNew Power encompasses the installation of 25 G114-2.0 MW class S turbines. With a tower height of 106 metres, this new turbine variant is custom-designed for the low wind speed sites typical of India. Since it’s a turnkey contract, Gamesa will also provide the infrastructure needed to install and operate the facility. The wind farm’s commissioning is scheduled for March 2017.

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d.light Raises $22m To Expand Its PayGo Business Into New Off-Grid Solar Markets

Asia Pacific, Carbon, Europe/Middle East/Africa

d.light has announced it has secured $22.5 million in financing to grow its PayGo business globally and support its mission of providing solar energy solutions for households and small businesses around the world, transforming the way off-grid families use and pay for power. The company raised $15 million in Series D equity from KawiSafi Ventures Fund, Energy Access Ventures, Omidyar Network and NewQuest Capital Partners. Debt funding of $2.5 million was also raised through SunFunder.

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Tata Acquires Welspun And Creates The Largest Renewables Entity In India

Asia Pacific, Deals & Finance, Energy, Head Lines

Tata Power Renewables (TPREL), has completed its acquisition of 100% shareholding in Welspun Renewables (WREPL). WREPL has 1,140 MW of projects comprising of about 990 MW Solar and about 150 MW Wind. TPREL has 312 MW of Renewable capacity with a further 500 MW of Renewable assets being carved out of Tata Power into TPREL. In addition, about 400 MW of projects are being implemented. Thus, TPREL will have a renewable portfolio of about 2,300 MW, making it the largest Renewable Power Company in India.

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General Motors Commits to 100 Percent Renewable Energy by 2050

Americas, Asia Pacific, Carbon, Europe/Middle East/Africa, Head Lines

General Motors plans to generate or source all electrical power for its 350 operations in 59 countries with 100 percent renewable energy — such as wind, sun, and landfill gas — by 2050. “Establishing a 100 percent renewable energy goal helps us better serve society by reducing environmental impact,” said GM Chairman and CEO Mary Barra. “This pursuit of renewable energy benefits our customers and communities through cleaner air while strengthening our business through lower and more stable energy costs.”

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Municipal Authority Using Clean Energy To Safeguard Public Sector Services

Europe/Middle East/Africa, Head Lines, Policy, Solar

The largest local authority owned solar farm in the UK, acquired for nearly £14.5 million, will be used to help protect the future of municipal services in Forest Heath. It announced that after months of negotiations it has bought Greenheath Energy Ltd and with it the 12.4MW solar farm at Toggam Farm in Lakenheath. The purchase has been made using capital – under Government finance rules, councils are not allowed to use capital to plug annual funding gaps as eventually, the money would simply disappear. Instead, they can use the money to invest in projects which generate an annual income.

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US and German Companies Combine To Deliver 350MW in US Solar Projects

Americas, Deals & Finance, Europe/Middle East/Africa, Solar

BayWa r.e., a wholly owned subsidiary of global conglomerate BayWa AG, and Geenex Solar LLC, a leading North Carolina-based developer, have joined forces to develop an initial portfolio of projects in North Carolina and Virginia totaling 350 MW. The First project has started construction and is scheduled to be completed by the end of 2016. The parties plan to begin constructing the next projects over the coming months with energy deliveries from the portfolio expected in 2017 and 2018. The projects range in size from 20 to 100 MW and are in different stages of development. BayWa r.e. will provide turn-key engineering, procurement, construction, financing and O&M, while Geenex will utilize its local expertise to drive development activities.

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Electric Mobility: In Germany, Baden-Württemberg Drives Technological Change

Carbon, Europe/Middle East/Africa, Head Lines, Technology

Suppliers to the automobile industry can challenge major manufacturers, but they face significant pressures, recently illustrated by the dispute between Volkswagen and Prevent Group. The federal state of Baden-Württemberg has now launched an advisory campaign to help medium-sized suppliers in the automobile industry to diversify into parts for electric vehicles. The aim is to help the 1,000 or more suppliers to gain a foothold in the market for systems and components in the electric mobility sector.

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IEnova Agrees Acquisition Of Mexico’s Largest Wind Farm For $852m

Americas, Deals & Finance, Head Lines, Wind

IEnova has announced that it has agreed to the purchase of 100% of the equity interests in the “Ventika” wind generation facility. It is a 252 MW wind generation facility powered by 84 turbines, making it the largest wind farm in Mexico and one of the largest wind farms in Latin America. The facility is comprised of two adjacent wind farms located in the General Bravo municipality in the state of Nuevo Leon and was jointly developed by Fisterra Energy and Cemex, a global building materials company with presence in more than 50 countries. In December 2015, construction was completed and commercial operations commenced in April 2016.

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Go Ahead For Electrical System, Processing Power From 900MW Offshore Wind Farm

Energy, Europe/Middle East/Africa, Policy, Wind

The UK Government, Department of Business, Energy and Industrial Strategy has given development consent for the electrical system required to transmit the power that will be produced by the 900-MW Triton Knoll offshore wind farm. The Triton Knoll wind farm has been in development since 2004 and permission was given for the project’s offshore wind turbines in summer 2013. The government has now given the go-ahead for the electrical system needed to transfer the power into the grid.

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