LONDON – African energy firm Chariot Ltd (AIM: CHAR) said on Tuesday it has signed a Memorandum of Understanding (MoU) with Saudi Arabia’s ACWA Power to explore creating a sustainable energy business focused on southern Africa. The partnership will aim to develop, own and operate a portfolio of transitional power assets, including renewable energy, battery…
PROVIDENCIALES: Vision Ridge Partners, a global investor in sustainable real assets, has acquired FortisTCI Ltd., the electricity utility serving the Turks and Caicos Islands. The company has been rebranded as Pelican Energy TCI, signaling a renewed commitment to sustainable and resilient energy infrastructure across the territory. Terms of the transaction were not disclosed. Pelican Energy…
LONDON: Zenith Energy Ltd. (LSE: ZEN; OSE: ZENA) announced Wednesday the acquisition of a second agrivoltaic solar energy development project in Italy’s Lazio region, strengthening its footprint in one of the country’s most strategic areas for renewable energy. The acquisition includes 10 hectares of farmland designated for a 5-megawatt peak (MWp) agrivoltaic installation. The €650,000…
LONDON: Sound Energy, a transition energy company, has signed an exclusive term sheet with renewable energy specialist Gaia Energy Ltd. to develop up to 270 megawatts of solar power capacity across multiple sites in Morocco, the company announced Tuesday. The proposed joint venture will leverage Morocco’s liberalized medium-voltage (MV) grid, targeting at least 10 locations…
OSLO, NORWAY: Toyota Norway and Hynion are now expanding their cooperation, and Toyota is stepping in with operating support to contribute to Hynion’s costs for the hydrogen refueling station at Høvik. The aid will be used for necessary plant upgrades and other improvements that will increase the capacity and the availability of hydrogen at the…
Why wind is underutilized in Pakistan for power generation? KARACHI: Pakistan’s power generation has plummeted to its lowest in over three years. February 2024 saw a significant 14% month-on-month (MoM) decrease, with the generation clocking in at just 7,130 gigawatt-hours (GWh). This downturn marks the most substantial dip since mid-2020, underscoring a worrying trend in…
ORANGE: AVANGRID Inc., a leading sustainable energy company, announced the appointment of Catherine S. Stempien to the role of President & CEO of its subsidiary, Avangrid Networks. Stempien succeeds Anthony (Tony) Marone, who is retiring. “We appreciate all of Tony’s contributions to the AVANGRID family of companies over the last 33 years and wish him…