Global Power Synergy, the power arm of Thailand’s state-owned oil and gas group PTT, will invest THB20 billion ($635 million) in renewable energy across Asia including China and India. The company will borrow the fund from PTT for investment focusing on solar and wind projects. The company is reported to be aiming to have 30% […]
Sweden’s EQT Fund Buys U.S.-Based Cypress Creek Renewables
Stockholm-based private equity firm EQT is acquiring Cypress Creek Renewables of Santa Monica, California, from HPS Investment Partners LLC and Temasek for an undisclosed price. Cypress Creek Renewables offers services across utility-scale and distributed solar and storage across 25 states in the U.S. and has approximately 300 employees, EQT said in a statement. The transaction […]
Net Zero Carbon Building Solution For Singapore
Envision Digital and ST Engineering are to co-develop a digital building suite which could support the move towards net zero carbon cities globally. The two Singapore headquartered solution providers intend to build an end-to-end net zero carbon urban infrastructure solution for the public and commercial sectors, drawing on their combined strengths in digitalisation, artificial intelligence-based […]
Shizen Energy Starts Operation of 23.5-MW Solar Plant in Japan
Japanese renewables developer Shizen Energy Inc and its joint-venture (JV) partner juwi Shizen Energy Inc have started commercial operation of a 23.49-MW solar farm in Yamaguchi prefecture. Construction of the Iwakuni Yuu Solar Power Plant was finalised as part of a project with Prominet Power Co Ltd, a wholly-owned subsidiary of Tokyo Gas Co Ltd […]
Samsung Urged to Use 100% Green Energy in South Korea And Vietnam
Greenpeace says electronics giant lags Amazon and Total in renewables use HO CHI MINH CITY/SEOUL : Samsung must switch to using 100% renewable energy in South Korea and Vietnam — the tech conglomerate’s two biggest production bases — even as those countries plan to build more coal-fired power plants, Greenpeace said in a report on […]
Australia’s Pilot Energy Earmarks Funds For Renewables Feasibility Studies
Pilot Energy Limited (ASX:PGY), an Australian junior oil and gas company that wants to be a player in the energy transition, is set to raise AUD 8 million (USD 6m/EUR 5.1m) in equity. The company said on Monday it has secured firm commitments for AUD 8 million in a placement to new and existing investors. […]
Adnoc Eyes Masdar Stake in Mega Abu Dhabi Renewables Deal
Abu Dhabi’s state oil company is considering an investment in renewable energy developer Masdar, in what could be one of the green power industry’s largest deals this year, people familiar with the matter said. Abu Dhabi National Oil Co. is in preliminary talks to acquire a significant minority stake in Masdar, according to the people, […]
Vanadium Flow Batteries For a Zero-Emissions Energy System
Growth in renewables and corresponding market pricing is the key driver for the commercialisation and global adoption for vanadium flow batteries (VFBs) and an important reason why we will see further growth for this technology over the years to come, says Ed Porter of Invinity Energy Systems. This article first appeared in Volume 26 of […]
‘China’s Huge Energy Storage Ambitions Could Be The Key to Unlock Net Zero’
A 30GW goal for 2025 is ambitious, but don’t bet against the nation meeting or beating it, writes Le Xu China is proposing a policy to accelerate energy storage deployments, with its core a target to take the country’s storage capacity excluding pumped hydro to 30GW by 2025 – triple the level of Wood Mackenzie’s […]
PTC board approves acquisition of consulting biz of IL&FS Energy Development Co
The LoI was issued after following due process prescribed under the resolution framework approved by NCLT for IL&FS Group entities, it added. PTC India said its board on Thursday approved the acquisition of the energy consulting business of IL&FS Energy Development Company. However, it did not disclose the value of the deal. “PTC India Limited’s […]
