The road to net zero in heavy industries such as steel and cement was always going to be long and full of challenges. German steel giant ThyssenKrupp is investing $1.9 billion in a hydrogen direct reduction system, which does not require rare and high-grade iron to produce green steel. With the existing technology, every ton […]
DIF Capital Partners invests in leading global renewable energy platform Qair – EQ Mag Pro
Qair, a fast growing renewable energy platform company, and DIF Capital Partners, a leading global independent investment manager, are pleased to announce that they have signed a partnership agreement whereby DIF, through DIF Infrastructure VII, will invest in the company to accelerate its growth and portfolio build out. Qair is an independent power producer that […]
Dubai Investment Fund (DIF) Invests in Five Renewable Energy Projects in Australia and Europe – EQ Mag Pro
The deal continues and furtherly develops the DIF’s strategy for investing in green and environmentally friendly projects, combining the sustainable development with investment beneficial for the common good. Dubai, UAE : Dubai Investment Fund (DIF), one of the world’s largest independent international investment funds and asset managers, announced the deal of investment into five projects […]
OMERS Private Equity Invests US$100 Million of Growth Capital in NovaSource Power Services – EQ Mag Pro
Toronto and New York : OMERS Private Equity, the private equity arm of OMERS, the pension plan for municipal employees in Ontario, today announced that it has acquired a minority stake in NovaSource Power Services (“NovaSource” or “the Company”). NovaSource is a global leader in solar operations and maintenance (“O&M”) services to utility, commercial, industrial, […]
Vattenfall invests in two offshore wind projects outside Gothenburg with an ownership amount of 85 percent – EQ Mag Pro
Vattenfall is buying the majority share in two offshore wind projects off the coast of Gothenburg from wind power company Zephyr. Once fully developed, the projects are expected to generate 10.5 TWh of fossil-free electricity annually. The two wind projects, named Vidar and Poseidon, are located between 25 and 27 kilometers off the Swedish west […]
InfraCo Africa invests to accelerate Bboxx’s growth and geographic expansion – EQ Mag Pro
Casablanca, Morrocco: InfraCo Africa, part of the Private Infrastructure Development Group (PIDG), has signed an agreement committing to provide US $15 million by way of convertible loan notes to Bboxx, a next generation utility ramping up the provision of clean, reliable, and affordable energy access to underserved communities in Africa. To date, Bboxx has successfully […]
Japan’s Eurus Energy invests in Energy Estate’s Hunter Hydrogen Network (H2N) – EQ Mag Pro
Energy Estate and Japan’s Eurus Energy have signed an agreement that will have the renewable energy developer take an investment stake in the $2 billion Hunter Hydrogen Network (H2N). The project devised by advisory firm and business accelerator Energy Estate is a large-scale green hydrogen production and pipeline project. It aims to supply low-cost hydrogen […]
MAHLE invests in a photovoltaic start-up in Sunmaxx PVT, a start-up specializing in photovoltaic thermal systems for power and heat generation – EQ Mag Pro
MAHLE to become strategic investor in Sunmaxx PVT, a start-up specializing in photovoltaic thermal systems for power and heat generation Investment is the first by the newly established company MAHLE New Ventures MAHLE New Ventures groups together under one umbrella all MAHLE’s international corporate start-ups and venture capital participations Jumana Al-Sibai, Member of the MAHLE […]
Simple Energy invests $150 mn on lithium-ion cell factory – EQ Mag Pro
Chennai: Electric vehicle startup Simple Energy, which is setting up its EV factory at Hosur (Tamil Nadu), will invest $150 million (around Rs 1136.5 crore) on a lithium ion cell manufacturing unit. The company has tied up with US-based battery company C4V for technology and knowhow. The factory will come up over a 600 acre […]
IKEA invests $373 mln in solar park projects in Germany, Spain – EQ Mag Pro
STOCKHOLM : Ingka Group, the owner of most IKEA stores worldwide, has bought nine solar photovoltaic (PV) park projects in Germany and Spain for a total of 340 million euros ($373 million) in its push to generate more renewable energy than it consumes. The world’s biggest furniture retailer said on Wednesday it was buying the […]