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renewable energy

Ontario Teachers to Invest $805 Mn of NextEras Renewable Energy Projects

Ace global investor Ontario Teachers Pension Plan Board  (Ontario Teachers) has said that it has signed an agreement to invest approximately $805 million in a convertible equity portfolio financing with NextEra Energy Partners. Ontario Teachers said that it is committed to the investment as part of the sale of renewable energy assets from NextEra Energy Resources, []

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Source Galileo JV Sets Sights on 5 GW Renewable Energy Development

Source Galileo- a Joint Venture between Source Energie and Galileo, is looking at developing over 5 GW of offshore and onshore renewable energy and storage projects in Ireland, Norway, and the UK. Source Energie looks into developing and bringing large new energy projects into operation and Galileo Green Energy is a pan-European, multi-technology, renewable energy developer, owner, and operator. Development activities []

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IRENA Report: Renewable Energy Targets in 2022

A study titled Renewable Energy Targets in 2022 has been released by the IRENA (The International Renewable Energy Agency). The renewable energy objectives in NDCs are the main focus of this reports assessment of the most recent adjustments to climate pledges made before COP27. Recent geopolitical and climate-related developments confirm the urgent need for action []

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ACWA Power, EBRD sign pact for Renewable Energy Infra Projects

Key Saudi Arabian power generator and RE player ACWA Power Company has announced that it has signed a Memorandum of Understanding to finance sustainable infrastructure projects with the European Bank for Reconstruction and Development (EBRD). The pact was announced on the side lines of the Future Investment Initiative Forum, which took place in Riyadh. The []

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Masdar Acquires Arlington for Renewable Energy Storage in UK, Europe

Renewable energy conglomerate Masdar has announced that it has acquired UK-based battery energy storage system (BESS) developer Arlington Energy that will enable Masdar to expand its presence in the UK and European RE markets and support countries net-zero objectives. Arlington Energy delves into developing, building, operating and financing flexible energy solutions; having taken over 170 []

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Saurabh Agrawal: New Chairman of Tata Power Renewable Energy Segment

The board of Tata Power Renewable Energy was restructured by the Tata group recently, with the director of Tata Sons Saurabh Agrawal taking over as chairman. Three new directors were added to the board, including Eduard Ruijs, Managing Director and Head of the London-based BlackRock Global Infrastructure Fund team. The board also welcomed Rajiv Mehrishi, []

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Renewable Energy Production of Iberdrola Exceeds 55,500 GWh

Spanish multinational utility company Iberdrola has informed that its renewable energy production has exceeded 55,500 GWh in the first nine months of this year. The strong performance has come due to the new installed capacity and the performance of onshore wind power that compensated for the lack of rain in recent months. The onshore wind []

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Leading Renewable Energy Developer Tri Global Energy Acquired by Enbridge

One of the leading developers of renewable energy in the USA, Tri Global Energy has completed its acquisition by Enbridge, Canadas largest energy company. The official statement of Tri Global Energy further has confirmed this. In the process, Lazard served as lead financial advisor to Tri Global Energy, and Haynes and Boone served as outside []

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