Europe/Middle East/Africa

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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Japan’s Sumitomo And Brazil’s Gerdau Announce Major Wind Sector Partnership

Americas, Asia Pacific, Europe/Middle East/Africa, Most Popular, Technology

The partnership combines Japan Steel Works’ world leading manufacturing technologies, mainly in the energy sectors, with Sumitomo’s significant experience and knowledge within the renewable energy and wind-related sectors; and brings the strengths of these two companies together with Gerdau’s strong production base. This “Gerdau Summit” will focus on the production and sale of forged products for wind power generation in the Latin American market with a focus on Brazil, where Gerdau is the largest long steel manufacturer. Production is expected to begin in 2017.

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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.

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Germany’s Heliatek Presents Disruptive Solar Technology in Davos

Americas, Asia Pacific, Europe/Middle East/Africa, Technology

Heliatek, recognized last year as one of the World Economic Forum’s “Technology Pioneers” presented an ultra-lightweight, flexible, solar film that is less than 1 mm thick, in Davos. Positioning it strategically as highly disruptive to the current energy model of large, polluting, CO2 emitting electricity producers by offering clean, local energy generation.

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Ten K Solar Increases Momentum with Goldman Sachs Investment

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

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

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

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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Al-Afandi Builds Biggest Solar Panel Factory in Middle East

Europe/Middle East/Africa, Head Lines, Solar

With annual energy yields reaching 1 GW, the “Al-Afandi Group” contributes to the “National Transformation” Program by building the biggest solar panel factory in the Middle East. Its impact looks set to create a significant shift in solar energy usage to cover the biggest portion of electric energy production locally and regionally.

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