Americas

The portfolio will stretch across five states and encompass both wind and solar projects. The North American arm of European energy giant Engie SA and climate-focused investor Hannon Armstrong announced Thursday they will partner on a 2.3-gigawatt portfolio of U.S. wind and solar projects slated for completion this year. The two will split equity ownership […]

Americas

Mexico to investigate officials over electricity contracts

July 2, 2020 Anand Gupta

MEXICO CITY: The Mexican government will investigate allegations that officials at state power firm the Comision Federal de Electricidad (CFE) signed fraudulent contracts with private energy companies, President Andres Manuel Lopez Obrador on Wednesday. The contracts were signed before the leftist president took office. He had already ordered formal complaints to be drawn up […]

Americas

TPG Launches Matrix Renewables with The Rise Fund’s Acquisition of 1GW of Solar PV Projects from Trina Solar

July 1, 2020 Anand Gupta

SAN FRANCISCO & FORT WORTH, Texas & LONDON & MADRID: The Rise Fund, a global impact investing fund managed by alternative asset firm TPG, today announced the acquisition of approximately 1 gigawatt (GW) of solar PV projects from Changzhou, China-based Trina Solar (SHA:688599). The solar PV projects included in the transaction are currently operational, […]

Americas

Mexican president orders fraud complaints against green power firms

July 1, 2020 Anand Gupta

MEXICO CITY: Mexican President Andres Manuel Lopez Obrador on Tuesday ordered formal complaints to be drawn up alleging fraud by mostly renewable power companies, but he gave no evidence backing up the complaints. Ramping up his repeated allegations of corruption in power generation contracts won by mostly wind and solar power companies, Lopez Obrador said […]

Americas

Mexico’s top court affirms antitrust agency role in green power feud

June 30, 2020 Anand Gupta

The ministry had justified its measures by saying that the coronavirus pandemic required new guarantees for uninterrupted power generation MEXICO CITY: Mexico’s Supreme Court has upheld a complaint by antitrust regulator Cofece against an attempt by the energy ministry to stop new renewable power plants from coming online, according to a decision published on Monday. […]

Americas

US Solar Plants Now Expected to Run for More Than 30 Years: Berkeley Lab

June 30, 2020 Anand Gupta

Cheaper modules brought solar plants into the energy mainstream. Longer operating lives are making them better investments. Big solar plants are getting cheaper to run and expectations for their useful operational lives keep getting longer, according to a new survey of U.S. solar industry professionals. By the end of 2019, a cumulative total of 76 […]

Americas

Wells Fargo signs multi-year contracts with Shell for clean energy

June 25, 2020 Anand Gupta

U.S. lender Wells Fargo said on Wednesday it had signed multi-year purchase agreements for renewable energy with Royal Dutch Shell’s units, as it progresses toward its clean energy goals. The agreements would involve the development of new utility-scale solar installations in several counties, the lender said in a statement. Wells Fargo did not disclose the […]

Americas

Sunnova Closes Securitization of Residential Solar Loan Agreements

June 23, 2020 Anand Gupta

HOUSTON: Sunnova Energy International Inc. (“Sunnova”) (NYSE: NOVA), a leading U.S. residential solar and energy storage service provider, announced today it has closed its second solar-loan securitization and sixth residential solar securitization overall. “Once again, the secured financing market has recognized the value and importance of providing superior customer service for solar and storage offerings,” […]

Americas

3 Ways U.S. Cities Are Investing in Clean Energy for Resilience

June 17, 2020 Anand Gupta

By 2030, more than 145 million people across the world will be impacted by flooding each year – many of whom live in coastal areas of the United States. Wildfires are growing rapidly in areas of the U.S. where they once were rare, burning more than twice as much land area per year from 2000-2018 than in the previous […]

Americas

New Jersey to Build Nation’s Largest Offshore Wind Port

June 17, 2020 Anand Gupta

The New Jersey Wind Port will be built next to a PSEG nuclear power plant along the Delaware River, at a cost of several hundred million dollars. New Jersey Governor Phil Murphy announced plans on Tuesday to develop an offshore wind port on an artificial island along the Delaware River, potentially giving the state a […]