CleanTech Report 2019.06.06

Globeleq has completed the acquisition of four renewable generation plants and the asset management company from an affiliate of Brookfield Asset Management.

Japanese giant Marubeni Corporation leads several investors putting a total of $26M into Azuri Technologies, which provides pay-as-you-go solar home solutions to off-grid households across Africa.

The 40MWAC (52MWp) Malindi Solar project in Malindi, Kenya has reached financial close and is now ready to commence with construction.

The deal confers an enterprise value of around $6 billion on Greenko Group, in which the two sovereign funds have now invested a total of $1.55 billion.

South Korea’s energy ministry on Tuesday said it had finalised plans to raise the share of the country’s power output generated from renewable sources to as much as 35 percent by 2040.

Taiwanese global electronics giants are failing to transition to renewable energy use, despite committing to their largest customers including Apple, Google, and HP to reduce greenhouse gas emissions in their global supply chain.

British billionaire Sanjeev Gupta says a deal to build Australia’s largest solar plant with Chinese funding and technology heralds a “new era” in economic co-operation.

The iconic Sydney Opera House is going green, and cutting its $2.5 million annual electricity bill, by signing long-term contracts to source its electricity from a major wind farm and a large solar project, and may add batteries later.

An historic new report from Energy Watch shows that we can reach 100% renewable energy in just a few decades, and it’s affordable; making this the clear answer to tackling climate change.

Gas and coal prices are plunging in Europe, hurt by the relentless threat of ever-cheaper clean energy that’s gaining market share and pushing out the fossil fuels in the process.

The Ireland Strategic Investment Fund (ISIF) is backing a London-listed energy storage fund’s proposed fundraising with a £30m (€33.9m) commitment.

Austrian energy tech company cyberGRID has announced its newly formed commercial partnership with the innovative energy systems solutions company Ngen.

Enel acting through its renewable subsidiary Enel Green Power Brasil (EGP Brazil), recently closed the sale of 100% of three fully operational renewable plants totalling 540MW to Chinese company CGN Energy.

Spanish company, Grenergy, has consolidated its presence in the Latin American market following the recent financing agreement with German KfW IPEX-Bank for the construction and commissioning of the Kosten wind farm in Argentina.

Coming in as Latin America’s second largest country, just falling short of Brazil, Mexico is the fourteenth largest country on the globe with a land mass of 1,964,375 area sq.km.

The falling costs of clean energy technologies is driving the shift towards renewable energy across the Middle East and North Africa (Mena) region, with governments launching some of the most ambitious renewables programmes in the world.

A consortium of EDF Renewables, Abu Dhabi Future Energy Company (Masdar) and Green of Africa has emerged as the winner of a tender for the design, financing, construction, operation, and maintenance of the Noor Midelt Phase 1 multi-technologies solar power project.

DUBAI – World Environment Day 2019 provides an opportunity to urge governments, industries, communities, and individuals to work together to explore renewable energy and green technologies, thereby improving air quality in cities and regions around the world, said Saeed Mohammed Al Tayer, Managing Director and CEO of Dubai Electricity and Water Authority, DEWA.

Canadian Solar  is one of the most successful solar manufacturers in the world, with 9.1 gigawatts (GW) of solar module manufacturing capacity and one of the biggest solar projects development arms.

A partnership of Mitsubishi Hitachi Power Systems and Magnum Development will use a combination of renewable hydrogen, compressed air storage, large-scale flow batteries, and solid oxide fuel cells to store just under 1000 megawatt-hours (MWh) of energy from solar power plants and wind power installations.

As part of its international expansion, Algonquin Power & Utilities will buy Bermuda’s electric utility and help it prepare for the 21st century.