NEW DELHI : Oil India Ltd aims to invest 165 billion rupees ($1.98 billion) in clean energy projects to meet its 2040 net zero carbon emissions goal, said two sources familiar with state-run energy companies’ net zero strategy. The companies are investing billions of dollars in projects aimed at reducing emissions as one of the […]
Zambia, UAE to develop $2 billion solar projects – EQ Mag
Zambia’s state-owned power utility Zesco has signed an agreement with the United Arab Emirates’ renewable energy company Masdar to develop solar projects worth $2 billion, the southern African country’s President Hakainde Hichilema said on Tuesday. The two companies will form a joint venture to facilitate investment in Zambia’s renewable energy, he said in a statement. […]
India plans $2 billion incentive for green hydrogen industry, says report – EQ Mag
The 180-billion-rupee ($2.2 billion) incentive aims to reduce the production cost of green hydrogen by a fifth over the next five years, said a senior government official India is planning a $2 billion incentive programme for the green hydrogen industry, three sources told Reuters, in a bid to cut emissions and become a major export […]
Hong Kong real estate fund backs $2 billion of battery and solar projects in Australia – EQ Mag Pro
Renewable energy and battery storage developer Maoneng Group has partnered with a Hong Kong-baed real estate fund manager to secure finance and accelerate some $2 billion of big battery and utility scale solar projects in Australia. The deal with Gaw Capital Partners – described as a private equity firm specialising in real estate and “high […]
Hydro-Québec agrees to acquire Great River Hydro for $ 2 billion – EQ Mag Pro
The company will acquire a 589MW hydropower fleet in New England through the deal. HQI US Holding, a subsidiary of Canadian energy utility Hydro-Québec, has agreed to acquire Great River Hydro for around $2bn. Great River Hydro owns 13 hydropower generating stations, with a combined installed capacity of 589MW. These are located along New England’s […]
JSW Group signs exclusive deal to buy Mytrah Energy for $2 billion – EQ Mag Pro
Mytrah has an operational renewable energy portfolio with 2.3GW of capacity. Indian multinational conglomerate JSW Group has reportedly entered an exclusive agreement to acquire energy company Mytrah Energy India Private for an enterprise value of $2bn. Based in Hyderabad, India, Mytrah is understood to have a 2.3GW operational portfolio that includes 1.7GW of wind capacity […]
Sembcorp, Enfinity, JSW Group make the cut for Mytrah Energy – EQ Mag Pro
Barclays Bank is currently managing the sale after an earlier deal with private equity firm KKR fell through NEW DELHI : Singapore’s Sembcorp Industries Ltd, Enfinity Global Inc. and JSW Group have been shortlisted to acquire green energy producer Mytrah Energy India Pvt. Ltd in a deal potentially worth around $2 billion in enterprise value, […]
Bosnia to invest about $2 billion in clean energy over next 5 years – EQ Mag Pro
RIYADH: Aside from the war between Ukraine and Russia, countries and individual firms are starting to slowly shift focus once again towards their own long-term goals and objectives within the sector. Countries like Bosnia and China are seen making new investments and setting new targets revolving around renewable and clean energy. Through a micro lens, […]
AMP Energy Invests $2 Billion In Australian Renewable Energy Hub
Amp Energy (Amp), A Toronto-based clean energy global developer, has invested over $2 billion in establishing the 1.3 GW Renewable Energy Hub of South Australia (REHSA). Amp may be stationed in Canada, but it has a growing portfolio in Australia. The new facility will integrate the large-scale wind, PV (Photovoltaics), and Battery Energy Storage System […]
Allentown’s Talen Energy partners on $2 billion investment in solar power projects
Allentown’s Talen Energy, the electric generating company spun off from PPL Corp. in 2015, has entered into a $2 billion joint venture to grow its renewable energy mix. Talen plans to develop, finance, construct and operate solar energy projects that could generate around 1.4 gigawatts of energy over the next five years, the company said […]