The oil-rich state has signed seven agreements to produce electricity from solar power in various parts of the country, Energy Minister Prince Abdulaziz bin Salman said at a conference in Sakaka Thursday. These projects will add up to 3,670 megawatts of capacity. So far, Saudi Arabia has been slow to move away from fossil fuels […]
Solar Farms Planned in Texas to Test Market in Wake of Freeze
A Texas renewables developer is about to test investors’ appetite for solar farms in the state after February’s devastating freeze rendered some power plants inoperable for days. Caprock Renewables is looking to raise equity for a $550 million portfolio of utility-scale solar in southern Texas, said Chief Executive Officer Thanasis Iatrou. The Austin-based company hired […]
Buckeye and Trafigura Venture Invest in Renewables Developer
Pipeline operator Buckeye Partners LP and a renewables company backed by commodities giant Trafigura Group have acquired majority ownership of U.S. clean-power developer Swift Current Energy. For Buckeye, the acquisition is part of about $2 billion in planned renewables investments over the next several years. It comes months after the 135-year-old petroleum-product hauler made an […]
New batteries give jolt to renewables, energy storage
ITHACA, N.Y. : The cost of harvesting solar energy has dropped so much in recent years that it’s giving traditional energy sources a run for their money. However, the challenges of energy storage – which require the capacity to bank an intermittent and seasonally variable supply of solar energy – have kept the technology from […]
Azure Power Sells Non-core Solar Rooftop Portfolio to Radiance Renewables; Transaction Expected to Improve Overall Cost Structure and be Value Accretive
Azure Power Global Limited, a leading solar power producer in India, announced it has signed a binding agreement to sell its non-core solar rooftop portfolio to Radiance Renewables Pvt. Ltd. Azure Power Global Limited, a leading solar power producer in India, announced it has signed a binding agreement to sell its non-core solar rooftop portfolio […]
Vinci Seals $5.8 Billion Deal Marking Push Into Renewables
Vinci SA’s move to buy a core business of Spain’s Actividades de Construccion y Servicios SA for about 4.9 billion euros ($5.8 billion) will turn the French infrastructure giant into a global player in renewable energies. The deal that was more than six months in the making expands Vinci’s reach into Spain and Latin America, […]
Saudi Arabia aims for 50% renewable energy by 2030, backs huge tree planting initiative
The target will require huge investments in solar technologies, experts warn, as less than 1% of the oil producing nation’s energy comes from renewables. Saudi Arabia will generate 50% of its energy from renewables by 2030 and plant 10 billion trees in coming decades, its crown prince Mohammed bin Salman has announced. In comments reported […]
Enverus Acquires Energy Acuity, Expanding Its Power and Renewables Offering
AUSTIN, Texas : Enverus, the leading energy SaaS company, announced today that it has acquired Energy Acuity, the leading provider of power generation and power delivery market data with specific expertise in renewable energy. For more than a decade, Energy Acuity’s large team of domain experts has tracked and catalogued thousands of renewables projects leveraging […]
Spanish energy companies to carry the torch for renewable deals
Rising demand for environmentally friendly investments is focusing attention on Spain’s under-exploited solar and more established wind sector MADRID/LONDON: Several Spanish clean energy companies are planning stock market listings or stake sales within the next two years, taking advantage of a market boom in green assets to raise funds to build more wind farms and […]
Study shows why India should increase renewable energy target of 2030
Researchers at UC Santa Barbara have just released a study that demonstrates why India should double down on renewables. New Delhi: Researchers at UC Santa Barbara have just released a study that demonstrates why India should double down on renewables. The study examines electricity and carbon mitigation costs associated with achieving aggressive renewable energy targets […]
