Italian Group Raising Money Through Stake Sale
Enel Brings In Inpex As Equal Partner For Australian Business & Sells Projects In Chile To Sonnedix
The renewable energy arm of Italy’s Enel, Enel Green Power (EGP) is divesting a 50% stake in its renewable energy business in Australia, bringing on board Japanese oil and gas company Inpex Corporation as the equal partner in the portfolio.
Clean Energy Roadmap For US Utility
DTE Energy To Exit Coal By 2032 & Build More Than 15 GW Renewable Energy Capacity By 2042
Detroit, US based electricity utility DTE Energy has reached a unanimous agreement with various stakeholders for its plans to retire the company’s coal-fired power plants by 2032, and venture deep into renewable energy chasing a target of over 15 GW ‘Michigan-made’ capacity by 2042.
GCL Looking For Silicon Expansion Outside China
Chinese Polysilicon Manufacturer GCL Gives US A Pass Despite Inflation Reduction Act Citing High Costs
One of the leading global suppliers of polysilicon, China’s GCL Technology Holdings is not enticed by the financial incentives offered by the US government through the Inflation Reduction Act (IRA) as it is keener to look elsewhere to establish its.
Canadian Solar Expands Recurrent’s Role
Recurrent Energy To Go Beyond North America To Cover Canadian Solar’s Global Operations
In a strategic move, Canada headquartered integrated solar PV manufacturer Canadian Solar Inc has expanded the job description of its North America focused utility scale solar and storage projects developer Recurrent Energy to look after its global development and services business.
US Utility Massively Expands RE Targets
PacifiCorp Files 2023 IRP Seeking Approval For 20 GW+ Cumulative Wind & Solar Capacity By 2032
Electricity utility PacifiCorp is planning to expand its cumulative wind and solar resources capacity to a cumulative of more than 20 GW by 2032, reflecting a 4-time increase in its current capacity along with close to 7.4 GW energy storage by 2029 u.
Palisade Sets Up New Renewable Energy Arm
Australian Infrastructure Investor Bundles Solar & Wind Assets Into Intera Renewables With Over 1 GW Capacity
Global investment management firm Palisade Investment Partners has established a new renewable energy company in Australia, bundling its solar and wind energy assets into Intera Renewables, securing superannuation funds HESTA and Aware Super as co-in.
BayWa To Offload International Solar Trading Business
Eyes On Expanding Project Development Business, BayWa To Divest Stake In Global Solar Trade Business To Suitable Buyer
Germany based diversified business entity BayWa Group has announced a strategic decision to sell its international solar trading business called Solar Trade with the view to raising capital for project business and is looking for a suitable buyer.
Neoen Targets 20 GW Renewables Portfolio By 2030
French Renewables IPP Neoen Aims To Win A Minimum 2 GW Annually From 2025 To Achieve 20 GW Operational Or Under Construction Capacity By 2030
Cushioned by its 11.9 GW advanced renewable energy pipeline at the end of 2022, French renewable independent power producer (IPP) Neoen has set itself a target to achieve over 20 GW of assets in operation or under construction by 2030 while reiterati.
RWE Strengthens Position In UK & US RE Markets
RWE Takes Over UK Solar & Storage Company JBM Solar With 6.1 GW AC Pipeline & Completes Con Edison CEB Acquisition In US
German energy giant RWE AG has expanded and strengthened its presence in the UK renewable energy market acquiring JBM Solar with its 6.1 GW AC strong pipeline of solar and storage projects, while also completing the acquisition of Con Edison Clean Energy’s businesses in the US.
No More Residential Solar Systems From Japan’s Toshiba
Intensifying Competition Prompts Toshiba To Exit Residential Solar Business & Focus On Industrial Segment Along With PV Cell Production
Toshiba Corporation, the Japanese electronics and engineering group, has decided to discontinue its residential solar business segment citing growing competition from other companies and will instead concentrate on the commercial and industrial (C&I) segment along with PV cell technology.
Germany’s Steag Separates Renewable Energy Business
Steag Bundles Green Business Initiatives Under Iqony, Separating It From Black Coal Business Under Steag Power GmbH
One of the largest German utilities Steag GmbH has bifurcated its business into 2 separate entities, bundling the coal business under Steag Power GmbH and the green growth division under Iqony, as the group gets ready to start the process of selling itself in early 2023.
Tigo Energy To Go Public With NASDAQ Listing
Roth Capital & Craig-Hallum Capital Managed Blank Cheque Company To Merge With Tigo Energy To Help Latter Get Listed On NASDAQ
Module level power electronics (MLPE) company in the US, Tigo Energy plans to go public and is seeking a listing on the NASDAQ under a definitive agreement and $600 million merger with Roth CH Acquisition IV (ROCG), a blank cheque special purpose acq.
Rio Tinto To Invest $600 Million In Pilbara For Renewables
200 MW Solar Power Along With 200 MWh On-Grid Battery Storage For Australia’s ‘Largest Privately-Owned Grid’
Anglo-American mining giant Rio Tinto says it will invest an additional $600 million to fund the construction of 2×100 MW solar power facilities in Australia’s Pilbara where it mines iron ore, with 200 MWh of on-grid battery storage, by 2026, as it makes efforts to decarbonize operations.
EDPR Sunseap Exploring Recycled Plastic For Floating PV
Recycled Plastic For EDPR Sunseap’s Future Floating Solar PV Projects In Asia Pacific To Come From Archwey’s PlasticBean
EDP Renewables’ Asia Pacific renewables platform EDPR Sunseap will explore the use of 100% recycled plastic to make floating pontoons for its future floating solar PV projects in Indonesia, Singapore and South Korea, which will be supplied by Archwey’s PlasticBean.
1 GW Solar Partnership Announced For Greek PV Market
Korkia To Fund GH Energy & AA Sunshine To Develop 1 GW Solar & Storage Projects In Mainland Greece & Crete Island
Finland based renewable energy investor Korkia says its funded partnerships—GH Energy and AA Sunshine—will develop 1 GW solar PV capacity on mainland Greece and the island of Crete, supporting it with energy storage and connecting these via subsea cables.
Solar Scores Highest In Iberdrola’s Investment Plan
Share Of Solar PV Over 50% Of Targeted 12 GW Of Renewable Additions in Spanish Energy Company Iberdrola’s Investment Plan
Spanish energy company Iberdrola will invest €17 billion to add over 12 GW of new renewables capacity to take its total installed renewable energy capacity to 52 GW by 2025.
Apple Pushes Supply Chain To Decarbonize By 2030
Apple To Facilitate Large Scale Solar & Wind Energy Projects In Europe To Help Decarbonize Suppliers
Global consumer electronics giant Apple Inc says it will facilitate the construction of large scale solar and wind energy projects in Europe with capacity ranging between 30 MW and 300 MW in a bid to source 100% clean energy for all its operations, a.
Reliance Takes Up Group EPC Services Restructuring
Reliance Industries Limited To Carve Out EPC Business To Implement Large Projects & Pursue Global Growth
India’s largest business houses Reliance Industries Limited (RIL) is undertaking restructuring of its EPC business as it diversifies into renewable energy vertically.
German Coal Miner Announces 7 GW RE Power By 2030
LEAG To Build 7 GW Wind & Solar Power Capacity In Germany’s Lusatia Post-Mining Areas
Lausitz Energie Bergbau AG (LEAG), a lignite mining company in Germany, has unveiled plans to build 7 GW of wind and solar PV power generation systems on its post-mining areas in Lusatia by 2030 under the company’s GigawattFactory plan it unveiled .
Jakson Plans Exporting Modules To Europe & US
REI 2022 Spotlights: Jakson To Venture Into Solar Cell Manufacturing & Expand Module Production While Eying Exports
Exhibiting at the Renewable Energy India Expo (REI) 2022, Indian solar company Jakson said it plans to expand its module production capacity in the country from 600 MW now to 1.2 GW in the next 5 months, and by 2024-25 the idea is to venture into solar cell manufacturing locally.
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