CleanTech Report January 19th 2021 |
M&ATotal Buys 20% ($2.5 Billion) Stake In Indian Solar Developer From Adani Total has bought 20% of solar developer Adani Green Energy (AGEL) from Adani Group, India’s leading infrastructure platform. Mainstream Renewable Power Signs € 1 Billion Deal With Aker Horizons To Deliver 5.5 GW Aker Horizons of Norway to take a 75% equity stake in Mainstream Renewable Power valuing Mainstream at EUR1 billion including earn-out and subject to customary adjustments. Nuveen Buys Renewable Energy Manager Glenmont As investor demand for rises for clean energy and infrastructure, TIAA’s Nuveen is acquiring a European firm to expand its business.
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NORTH AMERICANorway’s Equinor Clinches One Of The Largest Ever Renewable Energy Contracts In The U.S. Norway’s Equinor has been awarded a major contract to provide renewable energy to New York state from two huge offshore wind farms located in waters off the East Coast. ‘Energy Transition’ Investment Hits $501 Billion A new, broad measure of “energy transition investment” shows that the world committed a record $501bn to decarbonisation in 2020. The analysis, compiled by BloombergNEF (BNEF), reveals this investment beat the previous year by 9% despite the economic disruption caused by the pandemic. ENGIE Installed Nearly 2GW of Renewable Energy In The US In 2020 ENGIE has more power capacity installed globally than any other country. In recent years, it has made a strong shift to renewable energy. |
LATIN AMERICAPepsiCo Wants 100% Renewable Power In Mexico US food and beverage giant PepsiCo Inc expects to achieve 100% renewable electricity in Mexico and Australia this year, having reached that goal in the US in 2020. Grenergy To Receive Financing For 14 Solar Plants In Chile Grenergy, the Spanish company producing energy from renewable sources and specialized in the development, construction and operation of photovoltaic and wind projects, has closed with Natixis on financing of 14 new solar plants in Chile for €70 million (around $85 million). Glenfarne Group And Partners Group Announce EnfraGen Awarded LatAm Power Deal Of The Year Transaction included a US$1.76 Billion Debt Raise Comprising a US$710 Million Bond Offering and US$1.05 Billion Bank Debt Package. |
EUROPEEnergy Storage Potential In Spain’s Upcoming Renewables Auction As Country Targets 2.5GW By 2030 The first of Spain’s new renewable energy auctions is set to take place next week, as the country offers the possibility for bidders to include energy storage in their offers. Encavis Raises €450 Million After Year Of European Solar Expansion Solar and wind park operator Encavis AG has raised €450 million (US$543.2 million) to build renewables projects in Europe. The fund, which was launched by Encavis Asset Management and distributed by state-owned German bank Bayern LB, attracted 50 institutional investors. Shell Seals 300MW Spanish Solar Power Play Shell Energy Europe is to buy power from Solaria from solar farms in Spain totalling 300MW under a long-term power purchase agreement (PPA). |
ASIAMajor Firms Call On Japan To Double Renewables Goal Major firms, including Sony Corp, Panasonic Corp and Nissan Motor Co, yesterday urged the Japanese government to make its 2030 renewable energy target twice as ambitious. Siemens Gamesa Secures 217MW Vietnamese Double Siemens Gamesa has secured two turbine orders totalling 217MW with Hanbaram Wind Power JSC in Vietnam. The 117MW Hanbaram project, which is located in the Ninh Thuan province, will feature 29 units of the 4.X platform with 145-metre rotors. China-Led AIIB targets 50% Green Investment By 2025 The Asian Infrastructure Investment Bank aims to have renewable energy projects and other efforts to address climate change make up at least half of its financing approvals by 2025, the bank’s president said Wednesday. |
MENARegulator Prepares To Licence Oman’s Biggest Solar Photovoltaic Project The proposed Generation Licence (Renewable Energy), once approved, will be effective for a period of 25 years. Saudi Group DT To Set Up Solar Energy Containers At Neom Site This comes as part of the kingdom’s efforts towards a cleaner and more energy-sustainable future. UAE Becomes World’s First Country To Produce Aluminium Using Solar Power DEWA will supply EGA’s smelter with solar power from the Mohammed bin Rashid Al Maktoum Solar Park. |
AFRICAAfrica Is Unlikely To Switch To Green Energy By 2030 A new study published this week in the Nature Energy Journal has found that although 2,500 power plants are planned to be developed in Africa in the next decade, less than 10% of them will produce green energy. Enel And Qatar Investment Authority To Develop Renewables In Sub-Saharan Africa Enel’s renewable arm Enel Green Power (EGP) and a Qatar Investment Authority (QIA) subsidiary have signed an agreement for a joint venture partnership aimed at financing, building and operating renewable projects in Sub-Saharan Africa. Daystar Secures USD $38 Million For West African Expansion West African off-grid solar electricity supplier Daystar Power has raised US$38 million to expand its operations across the continent. |
AUSTRALIALNG Sales Take $12.6 Billion Hit Despite Record Exports Surging renewable energy helped lift Australia’s LNG exports to a record last year as increased use of wind and solar power freed up gas that would otherwise be used in power generation, according to consultancy EnergyQuest.
Island of Tasmania Has 100% Renewable Power The Tasmanian government has declared that it has become the first Australian state, and one of just a handful of jurisdictions worldwide, to be powered entirely by renewable electricity.
‘Great Western Battery’ 1,000MWh Project Proposed To Aid Reliability In Australia’s Post-coal Age The Neoen-Tesla Hornsdale Power Reserve battery storage project in South Australia, which in many ways kicked off a wave of large-scale battery storage project announcements across the country.
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