LONDON: TRIG, a leading renewable energy investment company, has announced the acquisition of Fig Power, an energy projects developer specialising in battery storage. The deal is worth c. £20m over the next two years, with half of the amount paid upfront and the rest invested in ongoing development. Fig Power has a 1.7GW development pipeline…
Tag: Renewable energy
CTC Global secures strategic investment from Endeavour and Greenbelt
CTC Global, a leader in advanced conductor technology, has received a strategic investment from Endeavour Capital and Greenbelt Capital Partners to accelerate the growth of its products that enhance grid efficiency and reduce emissions. The Irvine, CA-based company specializes in engineering and manufacturing advanced conductor cores for high-voltage transmission cables. Its flagship products, ACCC Conductor…
Good Energy to acquire solar and storage specialist JPS Group for up to £13.75 million
LONDON, UK: Good Energy Group PLC (AIM: GOOD), a renewable electricity and energy services provider, has signed a binding agreement for the acquisition of JPS Renewable Energy Ltd (JPS), a solar and storage installation and distribution business, and its subsidiary Trust Solar Wholesale Limited (Trust), a distribution and procurement business. The acquisition is on a…
Amazon and Avangrid partner to repower Oregon wind farm
Amazon and Avangrid, Inc. (NYSE: AGR), a leading sustainable energy company, have announced a new power purchase agreement (PPA) to source renewable energy from a wind farm in Gilliam County, Oregon. The project, called Amazon Wind Farm Oregon – Leaning Juniper IIA, will have a capacity of 98.4 MW and will consist of 40 turbines….
Ørsted announces new business plan and leadership change
LONDON: Ørsted, the world’s leading offshore wind developer, has unveiled its updated business plan following a comprehensive portfolio review. The company aims to grow its installed capacity from 12 GW to 50 GW by 2030, with a focus on offshore wind, onshore renewables, and renewable hydrogen. The company also announced that Thomas Thune Andersen, who…
TGS acquires Prediktor
OSLO, NORWAY: TGS ASA, a global provider of energy data and intelligence, has acquired Prediktor AS, a leading provider of asset management and real-time data management solutions to renewable and energy asset owners. Established in 1995, the company has carried out thousands of installations on mission-critical industrial and energy assets on all seven continents, enabling…
Innergex Renewable Energy acquires Aela Energía for $691mn
OSLO, NORWAY: Mainstream Renewable Power and Actis have sold Aela Energía to the Canadian-listed developer Innergex Renewable Energy for USD 691 million. Aela has grown to become Chile’s largest independent power producer of renewable energy, since it was established in 2013 as part of a joint venture between Actis (60 percent) and Mainstream (40 percent)….
Schroders to acquire 75% in Greencoat Capital Holdings for £358mn
LONDON, UK: Schroders plc has reached agreement to acquire a 75% shareholding in Greencoat Capital Holdings Limited for an initial consideration of £358 million. The deal includes a potential earn out, payable three years after completion, which is subject to stretch revenue targets, the continued employment of the senior management team in the Greencoat business…
How Renewable Energy Affect Global Economy
Customers and companies are looking for more cost-effective ways to ramp up renewable electricity generation from wind, solar and hydropower, deploy electric vehicles, charging stations, electrify buildings, and reduce methane from natural gas—a transformation that comes with significant benefits to global energy and the global economy. Still, with these benefits in mind Dr. Joe Nyangon, a…
TotalEnergies to power Amazon’s operations with renewables
PARIS, FRANCE: TotalEnergies has announced a strategic collaboration with Amazon through which TotalEnergies will contribute to Amazon’s commitment to power its operations with 100% renewable energy. Amazon will help TotalEnergies accelerate its digital transformation. This strategic agreement spans both the TotalEnergies and Amazon businesses: Renewable Energy: TotalEnergies and Amazon have signed power purchase agreements (PPAs)…
Kibo Energy to jointly develop 50MW waste to energy projects in South Africa
LONDON: Kibo Energy PLC (LON: KIBO) has entered into an agreement with South Africa-based Industrial Green Solutions (Pty) Ltd (IGES) to jointly develop a portfolio of waste to energy projects in South Africa with an initial target of generating more than 50 megawatts of electricity for sale to industrial users. The Agreement, which is subject…
Voltalia begins construction of a 32MW battery storage power plant in the UK
PARIS: Voltalia announced the launch of the construction of the Hallen Battery Energy Storage System (BESS), a 32-megawatt /32 megawatt-hour storage power plant located near the city of Bristol in the Avonmouth aera. Hallen BESS will contribute to the stability of the UK’s electricity grid, in a context of an increasing transition to the use…