SolGold PLC, the developer of the flagship Cascabel copper-gold project in northern Ecuador, has signed a Memorandum of Understanding (MOU) with three leading companies to develop a sustainable power project that will deliver about 200 megawatts of clean, renewable energy to the Cascabel site. The partners are Grupo Empresarial Semaica, a major construction company in…
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FDE acquires Greenstat, a leading green energy operator in Norway
PARIS: FDE, a carbon negative energy producer listed on Euronext, announced today that it has completed the acquisition of a controlling stake in Greenstat ASA, a leading green energy operator based in Norway, with a strong focus on hydrogen and solar activities. The acquisition, which was announced on January 16th 2024, aims to further strengthen…
Verditek sells solar business to bondholders and reshuffles board
LONDON: Verditek (AIM:VDTK), a clean technology company, has agreed to sell its solar business to a new company owned by its bondholders for £528,340, subject to shareholder approval. The deal will also see the resignation of all the current directors and the appointment of Bob Holt and John Charlton as new directors. The solar business,…
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…
Verditek to sell solar business to bondholders and become a cash shell
LONDON, UK: Verditek plc, a clean technology company, has announced that it will sell its solar business to a new company formed by its bondholders for £528,340 in notes and £50,000 in cash. The deal is subject to due diligence, shareholder approval, and completion by 29 February 2024. The solar business includes Verditek Solar Italy,…
Otovo and Meyer Burger join forces to offer European solar modules
OSLO, NORWAY: Otovo, Europe’s leading marketplace for solar installations, today announced the launch of a partnership with Swiss solar module manufacturer Meyer Burger Technology Ltd, starting in February. This collaboration underlines the joint commitment to building a more resilient and sustainable energy infrastructure in Europe. As part of this initiative, Meyer Burger’s high-quality solar products…
Energy Capital Partners acquire Ørsted’s 50% ownership in US portfolio
LONDON, UK: Ørsted closed a transaction with Energy Capital Partners (ECP), a leading energy transition-focused investor, to divest a 50 % ownership stake in a portfolio consisting of three onshore wind farms and one solar farm in the US. The value of the transaction is approx. USD 410 million. The portfolio, comprised of the onshore…
Pakistan Power Generation up by 2.6% YoY during 8MFY21
All-time high generation for February – up by 4.0% YoY § Power generation went up by 4.0% YoY to 7,281 GWh (10,835 MW) during Feb’21, compared to 7,002 GWh (10,060 MW) during Feb’20. § Major contributors during Feb’21 were: Hydel (Share: 28%), Coal (Share: 26%), RLNG (Share: 17%), Gas (Share: 12%), Nuclear (Share: 11%), Bagasse (Share: 1.4%),…
Wood Group secures two solar EPC contracts from an American company worth over $200mn
HOUSTON: Wood Group (John) Plc, the global engineering and consulting company, has secured two solar engineering, procurement and construction (EPC) contracts from an American power and energy company worth over $200 million. Wood was selected following a competitive tender process and will be responsible for delivering two major solar projects in the U.S. state of…
NextEnergy energises UK’s largest subsidy-free solar plant Staughton
LONDON, UK: NextEnergy Solar Fund announced the energisation of Staughton, the UK’s largest subsidy-free solar plant with an installed capacity of 50MWp. The Staughton solar plant will cover the yearly electricity demand of approximately 15,000 UK households. It is largely located on a former airfield on the Bedfordshire/Cambridgeshire border. The electricity generated by the plant…
US Solar Fund enters exclusivity to acquire operational solar portfolio in North Carolina
NEW YORK: US Solar Fund (USF) has entered exclusivity with Greenbacker Renewable Energy Corporation, a leading investor and product sponsor focusing on income-producing renewable energy projects, to acquire an approximately 39MWDC operating utility-scale solar power portfolio consisting of eight projects located in North Carolina. In keeping with the Company’s investment policy, all projects have long-term…