Business & Finance

Consortium of ENGIE and NAREVA declared bidder for Gafsa solar plant

The consortium will be responsible for developing, designing, financing, building, operating and maintaining the 120 MWp Gafsa photovoltaic power plant over a period of 20 years from commissioning. he consortium led by ENGIE (ENGIE.com) and NAREVA has been declared preferred bidder for the construction of the Gafsa photovoltaic power plant, which was launched as an […]

Business & Finance

Energy trader Trafigura invests in its first solar project in Mali: statement

January 16, 2020 Anand Gupta

LONDON: Global commodities trader Trafigura has made its first investment in a solar power farm, located in Mali, as part of the company’s efforts to develop a renewable energy footprint, it said on Wednesday. The project in Kita outside the capital Bamako will have a capacity to produce 50 megawatts (MW) of electricity when construction […]

Business & Finance

Panasonic’s India arm eyes Rs 500 cr revenue from solar business in 3-4 years

January 13, 2020 Anand Gupta

Japan-based Panasonic Corporation’s Indian subsidiary Panasonic Life Solutions is eyeing Rs 500 crore revenues from its solar business in the next 3-4 years, with focus to become a leading rooftop EPC player. Panasonic Life Solutions India, earlier known as Anchor Electricals, is also looking to expand its electric vehicle charging offerings across the country. […]

Business & Finance

Solarcentury Gets Boost From UK Government for 500MW Overseas Pipeline

January 10, 2020 Anand Gupta

Britain wants to spark a post-Brexit green industrial revolution, but its greatest opportunities for renewable exports likely lie with wind, not solar. Developer Solarcentury has secured €54.8 million ($61.1 million) of finance for 500 megawatts of solar in Spain — with a little help from the U.K. government. The backing by U.K. Export Finance, the […]

Business & Finance

UK: Octopus wins $242 mln National Grid pension mandate for renewables

January 10, 2020 Anand Gupta

The fund will be called Renewable Energy Income Partnership III. Octopus Renewables, part of the Octopus Group, has more than 3.2 billion pounds of energy assets under management * Octopus Renewables said on Thursday it had won a corporate pension mandate from the National Grid UK Pension Scheme (NGUKPS) to invest 185 million pounds ($242 […]

Business & Finance

National Grid Pension Plan to Invest $241 Million in Renewables

January 10, 2020 Anand Gupta

National Grid Plc’s U.K. pension scheme will invest 185 million pounds ($241 million) in solar and wind farms in the nation. The investment will be managed by Octopus Renewables as part of a fund for institutional investors that are looking to increase their exposure to green energy. The firm manages more than 3.2 billion pounds […]

Business & Finance

RWE is possible takeover target in renewables boom – Goldman Sachs

January 9, 2020 Anand Gupta

Following an asset swap with E.ON, RWE last year became Europe’s third-largest renewables player after Spain’s Iberdrola and Italy’s Enel, and the world’s No.2 offshore wind player after Denmark’s Orsted FRANKFURT: RWE, Germany’s largest power producer, could become a takeover target as big industry players strive to expand their renewable portfolios around the world, Goldman […]

Business & Finance

USD 2.5 million fund for clean-tech start-ups

January 6, 2020 Anand Gupta

The initiative focusses on solving the problems around reliable electricity which has challenged many a business and also affects the livelihood opportunities and incomes of households. VilLgro Innovation Foundation, one of the country’s top social enterprise incubators has collaborated with the Council on Energy, Environment and Water (CEEW) for a $2.5 million initiative to support […]

Business & Finance

Tesla to take new $1.4 billion loan from Chinese banks for Shanghai factory: Sources

December 24, 2019 Anand Gupta

China Construction Bank (CCB), Agricultural Bank of China (AgBank), Industrial and Commercial Bank of China (ICBC) and Shanghai Pudong Development Bank (SPDB) are among the banks which have agreed to give Tesla the financial support, one source with direct knowledge said. BEIJING/SHANGHAI: U.S. electric vehicle maker Tesla Inc and a group of China banks have […]

Business & Finance

The Asian Infrastructure Investment Bank (AIIB) Makes Changes To Leadership Team

December 23, 2019 Anand Gupta

AIIB President Jin Liqun today announced changes to his leadership team in preparation for the next phase of the Bank’s development. Thierry de Longuemar, AIIB’s current Vice President and Chief Financial Officer will be retiring on Dec. 31, 2019 but will continue to work for AIIB in an advisory capacity. De Longuemar, AIIB’s first Chief […]