Europe & UK

Europe & UK

EIB Group backs € 12.5 billion COVID-19 support, business, clean energy transport and urban investment

December 17, 2020 Anand Gupta

€ 4.1 billion to tackle COVID-19 impact on health systems and private sector € 5.6 billion for corporate and SME financing with banking partners € 4.7 billion for clean energy and sustainable transport The European Investment Bank (EIB) Board of Directors today approved new financing totalling EUR 12.5 billion to support companies impacted by COVID-19, alongside […]

Renewable energy concept with grid connections solar panels and wind turbines

Europe & UK

I Squared Sells Grupo T-Solar to Cubico for $1.8 Billion

December 16, 2020 Anand Gupta

Infrastructure investment manager I Squared Capital has agreed to sell Grupo T-Solar to Cubico Sustainable Investments Ltd. for 1.5 billion euros ($1.8 billion). T-Solar has 274 megawatts of installed and regulated solar power capacity in Spain and Italy, according to an emailed statement from I Squared. The internal rate of return for the deal was […]

Europe & UK

Greencells heats up green bonds with EU 15 Million

December 11, 2020 Anand Gupta

Greencells, a German-founded, globally active builder of utility-scale solar power plants with offices at Masdar in the United Arab Emirates announced raising EU 15 Million with its Green Bond, secured at 6.5% between 2020 to 2025. Greencells develops, builds, operates and finances utility-scale solar projects worldwide. The proceeds from the green bond issue are intended […]

Ministry mulls retiring giant Suralaya coal plant, replacing it with solar farm

Europe & UK

Climate Mitigation Efforts of 57 Countries plus the EU. Covering 90% of the Global Greenhouse Gas Emissions

December 10, 2020 Anand Gupta

Climate Mitigation Efforts of 57 Countries plus the EU. Covering 90% of the Global Greenhouse Gas Emissions For more information please see below link:

Solar power is Africa’s lucrative answer to energy access

Europe & UK

BayWa to sell 49% of renewable unit to fund EIP for $642 million

December 10, 2020 Anand Gupta

FRANKFURT: German agriculture group BayWa has agreed to sell 49% of its renewable division to Energy Infrastructure Partners AG (EIP) for 530 million euros ($642 million), sending its shares to their highest level in nearly three years. EIP, formerly Credit Suisse Energy Infrastructure Partners AG, will make the investment in BayWa r.e. via a […]

Europe & UK

German solar company Solarwatt sees growth in electric car charging services

December 10, 2020 Anand Gupta

FRANKFURT: German residential solar battery maker Solarwatt is talking to a car manufacturer about a potential tie-up that would connect electric vehicles to its solar rooftop systems, CEO Detlef Neuhaus said. The CEO told Reuters that the company, among the leading solar battery providers in Germany and with a presence in several other countries, is […]

UPDATE 2-Oil firm Equinor raises stake in solar power co Scatec

Europe & UK

Norway’s Equinor, Hydro and Scatec to build solar farm in Brazil

December 10, 2020 Anand Gupta

OSLO: Equinor, aluminium producer Norsk Hydro and renewables company Scatec plan to jointly build a 480 megawatt (MW) solar farm in Brazil, they said on Wednesday. The three companies have signed a memorandum of understanding to develop the project, Scatec said in a statement, which did not give details of the cost. The joint […]

Europe & UK

Future New Net Zero Energy (NZE) Settlements

December 10, 2020 Anand Gupta

A new completed EU-funded applicative research project proved significant cost reduction of up to 26.7% when designing settlement rather than buildings NZEs. The project, names ZERO-PLUS, focused on reducing cost and net regulated energy consumption, with improved generation of renewable energy at the settlement-level instead of on single buildings. The approach brought together settlement planners, […]

Banks Will No Longer Finance Fossil Fuels

Europe & UK

Germany’s EWE frees up $8.5 billion to move away from fossil fuels

December 8, 2020 Anand Gupta

FRANKFURT: German utility EWE, in which French private equity group Ardian holds 26%, will invest 7 billion euros ($8.5 billion) to expand into renewables and become carbon neutral by 2035, it said on Monday. More than half of the funds will be spent on the expansion of energy networks and on clean energy such […]

Europe & UK

Green Energy Shift to Bring $120 Million a Year to Two Utilities

December 4, 2020 Anand Gupta

Fortum Oyj is looking to divest its consumer business and pushing into renewables and hydrogen as the Finnish utility aligns its strategy with its newly acquired German power company Uniper SE. The joint plan comes eight months after Fortum secured majority ownership of Uniper in a fractious takeover battle fiercely resisted by the German company’s […]