Business & Finance

Tonga Power Ltd signs purchase agreement with Sunergise to built solar plant

March 22, 2019 Anand Gupta

ADB is supporting this transition to a cleaner and more sustainable energy mix through a $12.2 million grant to the Tonga Renewable Energy Project. The largest solar plant in the south Pacific will be built in Tonga through the country’s second commercially financed public-private partnership (PPP) after an agreement was signed in Nuku’alofa today. Tonga […]

Business & Finance

Solaris Copper Closes C$3.9 Million Private Placement

March 21, 2019 Anand Gupta

VANCOUVER: Solaris Copper Inc. (“Solaris” or the “Company”) is pleased to announce it has closed a C$3.9 million non-brokered private placement financing (the “Private Placement”). Pursuant to the Private Placement, Solaris issued 15,736,000 common shares of the Company at a price of C$0.25 per common shares for gross proceeds to the Company of C$3,934,000. No fees or commissions were paid in connection […]

Business & Finance

ADB Supports Private Sector Solar Power Development in Mongolia

March 20, 2019 Anand Gupta

ULAANBAATAR, MONGOLIA: The Asian Development Bank (ADB) and the Leading Asia’s Private Infrastructure Fund (LEAP) today signed an $18.7 million loan with Sermsang Power Corporation Public Company Limited (SSP) and Tenuun Gerel Construction LLC (TGC) to build, operate, and maintain a 15-megawatt solar power plant supplying electricity to Mongolia’s central grid system. The loan agreement […]

Business & Finance

EBRD and BMCE Bank of Africa support green energy investments in Morocco

March 16, 2019 Anand Gupta

EBRD providing financial package of up to €10 million to BMCE Bank of Africa Programme supported by GCF to increase investments in green energy EBRD also extending €50 million risk-sharing facility to BMCE Bank of Africa A comprehensive financial package of the EBRD provided to BMCE Bank of Africa and supported by the Green Climate […]

Business & Finance

GameChange Solar Unveils Global Expansion Plans

March 15, 2019 Anand Gupta

NEW YORK: GameChange Solar today announced that since the company’s customer value driven model over the last few years enabled the establishment of market leadership in the USA market, the time is now right to expand the leadership role worldwide. GameChange Solar Unveils Global Expansion Plans. www.gamechangesolar.com GameChange Solar has previously made international sales in the Caribbean, Africa, Canada, and […]

Business & Finance

Champions of Big Oil Extend Olive Branch to Green New Dealers

March 15, 2019 Anand Gupta

As President Donald Trump’s energy czar and former governor of the biggest source of American oil, Rick Perry had a startling response to the author of the Green New Deal: Let’s talk.Perry, in an appearance at the biggest North American energy conference on Wednesday, said he’s interested in “getting together and having a conversation” with […]

Business & Finance

GE T&D India gains 3% on bagging grid modernisation project

March 15, 2019 Anand Gupta

The company was awarded a technology-driven grid modernisation project by Rajasthan Rajya Vidyut Prasaran Nigam Share price of GE T&D India added 3.7 percent intraday on March 14 after company bagged a grid modernisation project. The company was awarded a technology-driven grid modernisation project by Rajasthan Rajya Vidyut Prasaran Nigam (RRVPL) as part of the […]

Business & Finance

Despite Andean sun, renewable energy in Colombia faces cloudy outlook

March 15, 2019 Anand Gupta

YUMBO, Colombia: The 36,000 solar panels gleam in the tropical heat of a valley outside the city of Yumbo in western Colombia, feeding dozens of megawatts to a nearby soft drinks factory as well as the national grid. The solar farm, built on the site of a former coal plant, is one of two mounted […]

FILE PHOTO – People walk to Brookfield Place off Bay Street on the day of the AGM for Brookfield Asset Management shareholders in Toronto

Business & Finance

Brookfield to buy most of Oaktree to build juggernaut to rival Blackstone

March 14, 2019 Anand Gupta

Brookfield Asset Management Inc said on Wednesday it will buy most of Oaktree Capital Management in a roughly $4.8 billion deal, creating an alternative-asset manager that will challenge the likes of industry giant Blackstone Group. The decision by Oaktree, led by distressed debt investor Howard Marks, to sell a majority stake of itself comes after […]

Business & Finance

EDP Attracts Host of Suitors for Clean-Energy Prize With a Catch

March 14, 2019 Anand Gupta

EDP-Energias de Portugal SA’s 7.5 billion-euro ($8.5 billion) renewables unit, which spans from California to Poland to Brazil, is currently among the most coveted assets by utilities and private investors alike. But buying the sprawling clean-energy portfolio won’t be easy. First, there’s the competition. Blackstone Group LP’s infrastructure fund, which is anchored by Saudi Arabia’s […]