Aker Horizons ASA (“Aker Horizons”) has finalized and closed the transaction to acquire Mainstream Renewable Power Ltd. (“Mainstream”), a global pure-play renewable energy company. Existing Mainstream shareholders have re-invested and retain 25 percent ownership in the company. As part of the transaction, Aker Horizons also acquired an interest in superconductor technology company SuperNode. The transaction […]
China to Add at Least 90 GW Wind and Solar Capacity to the Grid in 2021
China has ordered power transmission firms to connect a minimum of 90 gigawatts (GW) of wind and solar capacity to the grid this year, the National Energy Administration said on Thursday, as part of a new policy initiative aimed at meeting its low-carbon targets. The NEA also said it will set targets for the transmission […]
Gautam Adani Overtakes China’s Zong Shanshan to Become Asia’s 2nd Wealthiest
As per the Bloomberg Billionaires Index, Ambani is the 13th richest person in the world, followed by Adani at 14th. Billionaire Gautam Adani’s wealth has massively increased this year and seen a rise of $32.7 billion, according to the Bloomberg Billionaires Index. Billionaire Gautam Adani’s net worth has soared past China’s Zong Shanshan to make […]
TIM and Orange Make Renewable Power Commitments
TIM subsidiary Telenergia has signed a 10-year agreement for 3.4 Terawatt-hours (TWh) of green energy to power operations from 2022 to 2031. Meanwhile, Orange has set out its plan to deploy solar power for its operations across the MEA region. TIM’s power requirements will be met by ERG’s wind farms and will account for more […]
Amazon Com : Seeks Renewable Power for Japan Data Centres – Nikkei
TOKYO : Amazon.com Inc is in talks with Japanese power utilities and trading houses to build a renewable power plant in Japan to procure clean energy for its local data centres, the Nikkei reported late on Thursday. The U.S. online retail and tech giant is seeking ways to procure electricity over the long term from […]
Perak ventures into renewable power with solar farm project in Bidor
Perak will enter the renewable energy sector through a collaboration between the Perak State Development Corporation (PKNP) and Gading Kencana Sdn Bhd to build a solar farm in Bidor. Mentri Besar Datuk Saarani Mohamad said the green energy development agenda was a step by PKNP to form a strong economic chain with high potential and […]
BlackRock Real Assets Achieves a US$4.8 Billion Final Close for Global Renewable Power Fund III
Third vintage of flagship renewable power fund is largest yet, significantly exceeding the initial target. Global Renewable Power Fund III becomes largest independent climate infrastructure fund globally1. NEW YORK : BlackRock Real Assets has successfully achieved a US$4.8 billion final close of Global Renewable Power Fund III (“GRP III” or the “Fund”) with commitments from […]
Biden proposal: $174 bn for EVs, new funds for renewable power
US President Joe Biden’s vast infrastructure plan includes $174 billion to boost the markets for electric vehicles and billions more for renewable power – both provisions aimed at weaning the U.S. off of fossil fuels and combating climate change, Reuters reported. The $2 trillion plan, which also seeks to invest in traditional projects like roads […]
Biden proposal: $174 billion for EVs, new funds for renewable power
President Joe Biden’s vast infrastructure plan includes $174 billion to boost the markets for electric vehicles and billions more for renewable power – both provisions aimed at weaning the U.S. off of fossil fuels and combating climate change. The $2 trillion plan, which also seeks to invest in traditional projects like roads and bridges, is […]
Biden’s solar dreams collide with outrage over China’s ‘genocide’
President Joe Biden’s White House is trying to reconcile his desire to ratchet up U.S. renewable power generation with his outrage over alleged Chinese human rights abuses in Xinjiang, a major supplier of a key component in solar panels…Read More…