EIG Launches Chilean Renewables Platform, Grupo Cerro

Article content Newly formed entity includes the recently completed acquisition of ANPAC portfolio of 11 run-of-river hydroelectric plants as well as the existing Cerro Dominador plants Platform is well positioned to support the energy transition in Chile with innovative projects providing renewable energy 24/7 WASHINGTON & SANTIAGO, Chile — EIG, an institutional investor to the … Read more

BP takes 40% stake in vast $30bn Australian renewables project

BP has made one of its biggest renewable energy bets yet, acquiring the largest stake in a vast solar, wind and green hydrogen project in Western Australia that will cost more than $30bn to develop. The energy major said on Wednesday that it had agreed to buy 40.5 per cent of the Asian Renewable Energy … Read more

Generali Asset Management Unit Eyes Investments With U.S. Credit, Renewables’ Focus

Assicurazioni Generali SpA’s asset management unit intends to buy investment firms specialized in U.S. credit markets and renewable energy, as the Italian insurance giant seeks to win outside money beyond its traditional base. “We are seeking to boost our investment capabilities through the acquisition of controlling stakes in small and medium-sized companies with expertise on … Read more

Record renewables output helps coal shortage in May despite power demand

Record green energy output reduced Indian dependence on coal in May, despite 23.5% growth in power demand, contributing to a rise in utilities’ coal inventories, a Reuters analysis of government data showed. Surging supply from renewables will go some way towards mitigating India’s coal shortage amid extraordinarily rapid growth in … Read more

TotalEnergies agrees to buy 50% of U.S. renewables company Clearway By Reuters

© Reuters. FILE PHOTO: A TotalEnergies sign at the company’s headquarters in the La Defense business district in Paris, France, March 24, 2022. REUTERS/Benoit Tessier/File Photo PARIS (Reuters) – French company TotalEnergies said it had agreed to buy 50% of Clearway Energy (NYSE:) Group, the fifth-largest renewables company in the United States, which TotalEnergies said … Read more

Creaky U.S. power grid threatens progress on renewables, EVs

After decades of struggle, the U.S. clean-energy business is booming, with soaring electric-car sales and fast growth in wind and solar power. That’s raising hopes for the fight against climate change. All this progress, however, could be derailed without a massive overhaul of America’s antiquated electric infrastructure – a task some industry experts say requires … Read more

Renewables projects face 10-year wait to connect to electricity grid

Renewable energy developers are facing delays of up to a decade to connect new capacity to the electricity grid, threatening the government’s pledge to shift away from fossil fuels and meet net zero targets. The UK recently set out ambitious new goals to more than double existing renewable generation capacity, adding 50 gigawatts of offshore … Read more