BP Increases Stake in Lightsource BP to Form a 50:50 JV Updated On Fri, Dec 6th, 2019 by Saurenergy The management of Lightsource BP and BP have agreed to equalise their shareholdings in Lightsource BP to create a simplified 50:50 JV structure The management of Lightsource BP and BP have agreed to equalise their shareholdings in Lightsource BP to create a simplified 50:50 joint venture (JV) structure. As part of the transaction, BP will purchase newly-issued equity […] Read more
Engie Acquires Renvico and its 329 MW Wind Portfolio From MIRA Updated On Fri, Dec 6th, 2019 by Saurenergy Engie has acquired Renvico from Macquarie Infrastructure and Real Assets (MIRA), and the 329 MW wind portfolio that Renvico owns and operates Engie has announced that it has acquired Renvico from Macquarie Infrastructure and Real Assets (MIRA), via Macquarie European Infrastructure Fund 4, and from KKR with its co-investors. The onshore wind installed capacity of the […] Read more
Geronimo Energy Begins Operation on 200 MW South Dakota Wind Farm Updated On Fri, Dec 6th, 2019 by Saurenergy Geronimo Energy has announced the start of the commercial operations for its Crocker Wind Farm, a 200 MW wind energy project located in South Dakota. Geronimo Energy, a wholly-owned subsidiary of National Grid Plc, has announced the start of the commercial operations for its Crocker Wind Farm, a 200 megawatt (MW) wind energy project located […] Read more
US Storage Industry to Build on Strong Third Quarter: Report Updated On Thu, Dec 5th, 2019 by Saurenergy The US energy storage sector had its strongest third quarter on record and a new analysis by WoodMac predicts a 12x growth in MW-terms between now and 2024. The United States energy storage sector had its strongest third quarter on record this year, deploying 100.7 megawatts (MW) and 264.6 megawatt-hours (MWh) of storage, and a […] Read more
BlackRock Achieves $1 bn Record 1st Close for its Global Renewables Fund Updated On Thu, Dec 5th, 2019 by Saurenergy BlackRock has achieved a USD 1 billion first close for its GRP III renewables fund with commitments from 35 investors in North America, Europe and Asia. BlackRock Real Assets has announced that it has achieved a USD 1 billion first close for its Global Renewables Power III fund (GRP III) with commitments from over 35 […] Read more
Sembcorp to Increase Stake in Sembcorp Energy India Limited to 100% Updated On Thu, Dec 5th, 2019 by Saurenergy Sembcorp Utilities has entered into a non-binding term sheet with its local Indian partner to acquire the remaining 5.95% stake in Sembcorp Energy India Ltd Sembcorp Industries has announced that its wholly-owned subsidiary Sembcorp Utilities has entered into a non-binding term sheet with its local Indian partner, Gayatri Energy Ventures, a wholly-owned subsidiary of Gayatri […] Read more
India’s Installed Wind Capacity Crosses 37 GW, Tamil Nadu Well Ahead of Rest Updated On Wed, Dec 4th, 2019 by Saurenergy India’s installed wind energy capacity has surpassed the 37 GW mark, Union Power Minister RK Singh has informed. India’s installed wind energy capacity has surpassed the 31 GW mark with nearly 37090 MW of capacity installed in the country as of October 31, 2019. The information was provided by RK Singh, Union Minister of State […] Read more
Japanese Offshore Wind Growth Matched by Foreign Interest Updated On Wed, Dec 4th, 2019 by Saurenergy Japan has been witnessing an upsurge in the number of companies showing interest in its fledgling offshore wind sector, according to new research. GlobalData’s research reveals that the Japanese offshore wind market presently stands at a minuscule 68 megawatt (MW). However, 770 MW of capacity is in the pipeline across four projects, all of which […] Read more
Need Govt Action to Unlock Vast Potential of Floating Wind: WindEurope Updated On Tue, Dec 3rd, 2019 by Saurenergy Floating wind technology unlocks previously unimaginable horizons of wind power at sea – but it needs Government support for unleashing the full potential. The expansion of offshore wind, as part of the global fight against climate change, will require both bottom-fixed and floating offshore turbines. Floating technology unlocks previously unimaginable horizons of wind power at […] Read more
