Deals & Finance

Saudi Arabian Acwa Power Acquires 50MW Solar Project In Jordan

Deals & Finance, Europe/Middle East/Africa, Head Lines, Solar

The acquisition for an undisclosed fee comes as the government of Jordan has awards power purchase agreements for 12 solar energy projects, seeking to install 200 megawatts in total. It will result in about 2.3 million tonnes of CO2 saved during its PPA term, which is roughly enough to power 15,000 homes. Prior to the acquisition a 20-year power purchase agreement had already been signed with Jordan’s National Electric Power Company (NEPCO). Germany’s ET Solutions AG will be providing engineering, procurement and construction services.

Saudi Arabian Acwa Power Acquires 50MW Solar Project In Jordan Read More »

Japan’s Sumitomo Boosts Sustainable Pelletized Biomass In Brazil

Americas, Biomass, Deals & Finance, Head Lines

With the participation of Sumitomo Corporation, Brazil’s Cosan Biomassa will increase its exports to Japan and Europe along with increased domestic sales, of up to 45 million tons/year of sugarcane pellets. Cosan has developed a fuel pellet made from sugarcane residues such as bagasse from the sugar mill and straw left over in the sugarcane field, and built a large-scale production plant (annual capacity 175,000 tons), the world’s first, last September. It commenced commercial production in December 2015.

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Sunverge Advances In Australian Energy Storage Market

Asia Pacific, Deals & Finance, Solar

Sunverge Energy, a market leader in intelligent storage and distributed energy resource management, has announced a $36.5 million Series C round of financing. AGL Energy Ltd., Australia’s largest publicly traded energy retailer, joined current investors the Australian Renewable Energy Agency (ARENA), SBCVC, Siemens Venture Capital and Total Energy Ventures International.

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

Asia Pacific, Deals & Finance, Head Lines

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

Americas, Deals & Finance, Head Lines

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

Americas, Asia Pacific, Deals & Finance, Energy, Europe/Middle East/Africa

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

Americas, Biomass, Deals & Finance

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.

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

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

Americas, Asia Pacific, Deals & Finance, Europe/Middle East/Africa, Head Lines

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.

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

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

Americas, Deals & Finance, Head Lines

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.

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

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