The portfolio includes developing projects with the combined capacity to generate around 3.6GW of clean energy. British oil and gas company Shell is reportedly preparing binding bids to acquire renewable energy assets located in Spain, which are worth €1bn ($1.1bn) in total, from Q-Energy. Reuters reported that in addition to Shell, Naturgy and Austrian electricity […]
ENGIE North America Completes $800M Financing for Recently Commissioned 665 MW of Renewable Projects – EQ Mag Pro
Equity and tax-equity financing with multiple partners continues to support growth of 4 GW operating portfolio in North America. HOUSTON : ENGIE North America (“ENGIE”) announced it has successfully completed Tax-Equity financing for its Iron Star and Priddy wind projects and Equity financing for the portfolio of these assets plus the Hawtree solar project which […]
SJVN incorporates a New Subsidiary Company, ‘SJVN Green Energy Limited’ for executing Renewable Projects – EQ Mag Pro
SGEL has been incorporated in compliance with the directions of Ministry of New & Renewable Energy (MNRE) and approvals of Ministry of Corporate Affairs, Government of India. SHIMLA: Sh. Nand Lal Sharma, Chairman & Managing Director, SJVN today informed that in its pursuit to enliven the vision of rapid capacity additions through new and renewable […]
SJVN INKS MOU WITH IDECK TO PROVIDE CONSULTANCY SERVICES FOR RENEWABLE PROJECTS – EQ Mag Pro
SJVN Limited has signed a Memorandum of Understanding (MoU) with Infrastructure Development Corporation, (Karnataka) Limited (iDeCK) for providing Consultancy Services in Renewable Energy Sector. SJVN and iDeCK will collaborate for the purpose of providing “Consultancy Services” for Development of Solar/Wind/ Hybrid/Battery Storage Energy Projects. The MoU was signed by Shri R.K. Gupta, Chief General Manager, […]
REC Gets $169.5 Mn From KfW Development Bank For Power, Renewable Projects
This is the fifth credit line signed between REC Ltd and KfW for financing power sector projects and the third credit line for the financing of renewable energy projects. State-owned REC Ltd has signed a pact with KfW Development Bank to avail USD 169.5 million to the power finance sector and renewable energy projects. “REC […]
Cost of Capital Spikes for Fossil-Fuel Producers – EQ Mag Pro
Ten years ago, the “cost of capital” for developing oil and gas as compared to renewable projects was pretty much the same, falling consistently between 8% and 10%. But not anymore. The threshold of projected return that can financially justify a new oil project is now at 20% for long-cycle developments, while for renewables it’s […]
South Africa Picks Bids for $3 Billion of Renewable Projects – EQ Mag Pro
South Africa picked 25 wind- and solar-power projects to be built by private developers, part of a plan to reduce the nation’s reliance on coal for electricity and end rolling blackouts that are curbing economic growth. The bidders will add 2,583 megawatts of capacity to the grid using clean-energy technologies, Mineral Resources and Energy Minister […]
Draft Open Access Norms Can Be A Tailwind For New Renewable Projects: CRISIL – EQ Mag Pro
It said that the draft rules aim to provide clarity on open access charges and will help streamline the overall approval process New Delhi : The Draft Electricity (promoting renewable energy through Green Energy Open Access) Rules, 2021, announced by the Ministry of Power, if implemented, could improve the certainty of cash flows for new […]
Norway to Spend $1.2 Bln on Renewable Projects in Developing Nations
The climate fund, administered by the Norwegian Investment Fund for developing countries, Norfund, will from next year support projects to reduce dependence on fossil-fuels, especially coal OSLO : Norway will allocate 10 billion crowns ($1.16 billion) over five years towards renewable energy investments in developing countries to cut greenhouse gas emissions, the government said on […]
Sembcorp on Prowl For Renewable Projects Acquisitions in India
Singapore-based Sembcorp is looking at acquisitions of solar and wind energy projects in India as it chases a strategic goal to shift its portfolio from brown to green by quadrupling renewable energy capacity. Sembcorp, which has invested about Singapore dollar 6.5 billion (about Rs 35,000 crore) in electricity-generating projects in India, is open to buying […]
