CleanTech Report January 5th 2021 |
M&AForesight Solar Buys Portfolio Of Three Andalusian Assets Solar photovoltaic asset investor Foresight Solar announced the acquisition of a portfolio of three greenfield solar assets in Spain.
USF Acquires 200MW Californian Solar Plant US Solar Fund (USF) is to acquire up to a 50% interest in a 200MW operating solar plant located in the Imperial Valley of Southern California. USF will acquire Mount Signal 2 (MS2) from New Energy Solar Fund (NEW), an Australia listed (ASX) solar fund, also managed by USF’s investment manager, New Energy Solar Manager.
ORIX To Acquire Elawan Energy For USD $965 Million Global Infrastructure Partners announced the acquisition of MAP RE/ES, the renewable energy business of MAP Energy. GIP’s fourth flagship fund, will acquire 100% of the MAP RE/ES investment platform, team, and renewable energy assets under management from MAP, a private fund manager, and energy investor. |
NORTH AMERICAUS Energy Department To Put USD $45 Million Into Solar Hardware & Systems Integration The U.S. Department of Energy Solar Energy Technologies Office (SETO) will host an informational webinar for its new $45 million Fiscal Year 2021 Systems Integration and Hardware Incubator funding opportunity. DOE seeks to fund 10–20 research and development projects that will advance solar hardware and systems integration. First Solar (NASDAQ:FSLR) Cut To Sell At The Goldman Sachs Group First Solar (NASDAQ:FSLR) was downgraded by equities researchers at The Goldman Sachs Group from a “buy” rating to a “sell” rating in a note issued to investors. USD $321.98 Million In Sales Expected For NextEra Energy Partners Wall Street analysts predict that NextEra Energy Partners, LP will announce $321.98 million in sales for the current fiscal quarter. Four analysts have provided estimates for NextEra Energy Partners’ earnings, with the lowest sales estimate coming in at $241.00 million and the highest estimate coming in at $452.11 million. |
LATIN AMERICATrinity E & P Signs Exploration And Development MoU With NGC Trinity Exploration & Production plc has signed a memorandum of understating (MoU) with The National Gas Company of Trinidad and Tobago Ltd. (NGC), in order to explore and develop new projects to aid energy transitions in Trinidad and, potentially, in the wider Caribbean and Latin America.
Vestas Lands 500MW Turbine Deal In Columbia Vestas has secured a 504MW order for an undisclosed project in Columbia, its first for EnVentus machines in Latin America. The Danish manufacturer said the deal covers 90 V162-5.6MW units and a 15-year service agreement.
Allen & Overy Advises Innovative Financing Of A USD-linked PPA Solar Project In Brazil Allen & Overy acted as counsel to the Inter-American Development Corporation (IDB Invest) and Norway-based DNB Bank ASA (DNB) on their financing to Atlas Renewable Energy for the innovative project financing of a USD-linked power purchase agreement (PPA) for a portfolio of four solar projects in Brazil. |
EUROPEReneSola Power And Eiffel Investment Group Announce MOU For Joint Venture To Fund Solar Development In Europe ReneSola Ltd (NYSE:SOL), a leading fully integrated solar project developer, today announced that it signed a Memorandum of Understanding (MOU) with Eiffel Investment Group, a leading asset management firm with 3 billion euros under management, to establish a joint venture that will provide financing for ReneSola Power’s current and future solar projects across Europe.
Estonia And Latvia Sign Pact For 1GW Offshore Wind Farm They plan to assess wind resources, existing offshore projects and environmental considerations before choosing the best location for a site to offer at tender. The countries’ energy ministries claim the 1000MW Gulf of Riga project could be commissioned by 2030 and could produce 3.5TWh per year – enough to meet 40% of Estonia’s annual electricity consumption.
EU Bank Agrees €5.9 Billion Support For Renewables And Green Transport The European Investment Bank is backing the development of wind farms, the rollout of smart meters and improving the energy efficiency of public buildings. |
ASIAFloating Solar Project At Omkareshwar Dam To Begin Power Generation By 2022-23 Tata Power, SIDBI Join Hands For Rooftop Solar Financing For MSMEs Adani won the project to set up 600MW solar and wind hybrid power |
MENAACWA Power Secures $125M USD Financing Facility To Support Expansion Of Renewables Portfolio The five-year deal with Arab Petroleum Investments Corporation (APICORP), a Saudi-headquartered development bank, has been earmarked for funding ACWA’s investments in projects in the countries the firm currently operates in as well as future high-growth markets.
Saudi And Azerbaijan Clinch $300M USD Renewable Energy Projects The Kingdom’s energy leader ACWA Power will develop Azerbaijan’s first wind power development in collaboration with local entities, in three deals that could herald further joint energy projects between the two countries.
Kuwait To Merge Solar Power Projects OPEC member Kuwait has decided to merge a suspended solar power project into another large solar energy project being built in the heart of the Gulf country’s desert, a local newspaper reported on Tuesday. |
AFRICADelays In Critical Finance For Energy Access Push Development Goals Further Off Track 789 million people worldwide have no electricity whatsoever, and 2.8 billion – over a third of the world’s population – have no access to clean fuels or technologies for cooking. Closing these gaps and achieving universal energy access by 2030, will require significant investment. The International Energy Agency estimates $45 billion needs to be disbursed each year between 2020 and 2030 if we’re to achieve SDG7 targets. KYA Energy Group Installs 6 Hybrid Mini-Solar Power Plants In Two Regions KYA Energy Group, a supplier of solar energy systems in West Africa, has just completed the installation of six solar hybrid power plants in Mali. The solar hybrid systems will improve the electricity supply to six communities in the regions of Sikasso and Ségou. IFC Extends $200M USD Loan To Nedbank To Increase Renewable Energy Financing The International Finance Corporation (IFC), a member of the World Bank Group, and Nedbank have partnered to increase financing for renewable energy projects in South Africa in an effort to help the country transition to cleaner forms of power, reduce greenhouse-gas (GHG) emissions and create jobs in the renewable energy sector. |
AUSTRALIAAustralia Flags Caps To Renewable Energy Connections In Overhaul Of Power Grid Australia is seeking to overhaul its power grid to improve its stability as the fast uptake of renewable energy generation risks overburdening a transmission system originally built for more reliable but dirtier coal-generated energy.
Jinkosolar Claims A Third Of Australia’s Utility-Scale PV Generation JinkoSolar ended 2020 on a high, claiming to have more than one-third of Australia’s utility-scale solar generation to its name, and heralding that it would soon supply 1 GW of the nation’s sun-powered renewable energy when Sunraysia, Glenrowan, Jemalong and Batchelor solar farms come online in the months ahead.
FRV Secures Financing For Metz Solar Farm In New South Wales Financing has been secured for the 115MW Metz Solar Farm, in the New England region just east of Armidale. The Green Loan will support construction of this large-scale renewable-energy project.
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