SAO PAULO : Brazilian fund manager Perfin has created a new company focused on renewable energy generation, especially solar, with expected investment totaling 5.5 billion reais by 2025, a company executive told Reuters. The new company Mercury Renew, which has an operational partnership with energy generator Servtec, is Perfin’s latest venture into energy and highlights […]
Activate Renewables Launches with a $500 Million Capital Commitment to Acquire Renewable Energy Real Estate
DALLAS : Accelerate Real Asset Management announced today it has launched a new joint venture to invest in renewable energy infrastructure. Activate Renewables will acquire real estate and royalty interests associated with utility-scale solar, wind and energy storage facilities located across the United States. “We are excited to expand our successful investing blueprint into powering […]
Repsol S A : Enters the U.S. Renewables Market With the Purchase of 40% of Project Developer Hecate Energy
Repsol has signed an agreement to acquire 40% of Hecate Energy, a U.S.-based PV solar and battery storage project developer. This transaction is Repsol’s first foray into the U.S. renewables market. It complements the company’s capabilities and portfolio and adds a solid platform with strong growth potential. Hecate Energy has a portfolio of more than […]
Renewables Evolution or Revolution? Pace of Tech Investments Will Decide
“The 2020s have to be a decade of innovation and early deployment – of low-carbon hydrogen – to get costs down,” said Tim Gould, head of division for energy supply outlooks and investment at the International Energy Agency (IEA). Global investment in energy transition technologies needs to more than double over the next few decades […]
Mena Power Investments May Total $250 bn up to 2025: Apicorp
Power investments in the Middle East and North Africa (Mena) region amount to $250bn between 2021 and 2025, Arab Petroleum Investments Corporation (Apicorp) said in a report. The sector’s total investment amount is the highest of all energy sectors – with an estimated $93bn and $157bn in committed and planned projects, respectively, over the next […]
Renewables supplied only a third of Africa’s electricity demand growth
Wind energy and solar power need to be adopted more quickly to avoid fossil gas trap. An analysis of global electricity revealed that wind and solar showed resilient growth in 2020 despite the pandemic, forcing a record fall in global coal power. The Global Electricity Review published by energy think tank Ember analysed electricity data […]
Gold Fields Board Approves $46 Million Solar Plant
Gold Fields Limited (Gold Fields) has announced that its Board of Directors has given the green light for the construction of a 40MW solar plant at the South Deep mine in South Africa. This follows the granting of a licence by the National Energy Regulator of South Africa on 25 February 2021. The 40MW solar […]
Enel Green Power North America Announces Construction Of 1.5 GW Of New Renewables
Enel Green Power North America Announces Construction Of 1.5 GW Of New Renewables + 319 MW Of Storage Capacity In The US Enel Green Power North America has started construction on five new renewable energy projects in the US, including three hybrid renewable + storage projects and it’s largest solar plant in the US The […]
KKR-Backed Renewables Platform Buys 76 MW of Solar Portfolio From Singapore Firm Sindicatum
Virescent Infrastructure, a renewable energy platform backed by global asset manager KKR & Co, has acquired the 76 megawatt (MW) India solar asset portfolio of Singapore-based Sindicatum Renewable Energy Company Pte Ltd. VCCircle was the first report to last month that KKR was looking to buy the assets spread across Gujarat, Rajasthan and Madhya Pradesh. […]
Australia Could Reach 75 Pct Renewables Before Things Get Tricky, Schott Says
Australia will experience more and more days powered by 100 per cent renewable electricity as the growth in wind and solar uptake continues to surge, a key government advisor on market reforms has told an industry briefing. The Energy Security Board has commenced a consultation process on a proposed package of reforms to Australia’s main […]
