Consolidated Edison Inc. said late Thursday that one of its subsidiaries has agreed to buy a Sempra Energy subsidiary for $1.5 billion. The Sempra Energy unit owns renewable electric-production projects, including projects jointly owned Con Edison units and development rights for additional solar and energy-storage projects. The deal is expected to close at the end of the year, Con Edison said. Con Edison expects to fund the deal using a combination of $715 million of equity and $825 million of long-term, non-recourse debt, it said.
China will speed up efforts to ensure its wind and solar power sectors can compete without subsidies and achieve "grid price parity" with traditional energy sources like coal, according to new draft guidelines issued by the energy regulator.
Nebras Power Investment Management, a Dutch affiliate of Nebras, is acquiring 75% stake in Zon Exploitatie Nederland Holding (Zen), a leading developer and operator of solar power generation assets in Netherlands. The acquisition provides Nebras with access to the attractive and fast-growing Netherlands renewable power market and is in line with Nebras' stated objectives of [...]
Even though black gold has been in steep decline, it's still the most-used electricity generation source in 18 US states, according to government statistics published this week. Not even natural gas, a rapidly growing and cleaner burning fuel, leads in that many states. The numbers underscore how large pockets of America continue to rely heavily on coal for power and jobs. "It's hard to unseat a former champion. It doesn't change overnight," said Matt Hoza, manager of energy analysis at consulting firm BTU Analytics.
With 6,000 Mw of power generation capacity, the firm has presence across thermal, hydro and solar power sectors. : Hindustan Powerprojects is looking to acquire stressed thermal power plants, besides bidding for renewable energy projects in India. The private power producer, which had earlier put in a bid for Avantha Power's 600 Mw Jhabua power plant, has no plans to expand its capacity through new projects but is open to buys. With 6,000 Mw of power generation capacity, the firm has presence across thermal, hydro and solar power sectors.
This week on Watt It Takes: How a Texas entrepreneur with fossil fuel roots came to see solar and storage as the future of energy. We feature a conversation with John Berger, the CEO of the residential solar-and-storage firm Sunnova, about his mission to convince traditional energy investors to put their money into solar. Sunnova has pulled in tens of millions of dollars from investors who once thought solar was laughable. "I'm proud of getting a bunch of oil and gas money. I worked hard to get that money. And I want a lot more of it.
A truly transformational effort will require strong and leading participation from local actors. : Editor's note: This essay was contributed by one of the NGOs that make up the Renewable Energy Buyers Alliance (REBA), a consortium dedicated to growing large buyer demand for renewable power and helping utilities and others meet it. You can find the other articles here. REBA's next annual summit will be Oct. 14-16 in Oakland, California ahead of VERGE 18. Companies are the world's largest energy users. With that comes enormous opportunity -- in addition to responsibility.
WASHINGTON (AP) -- Ports are closing. Farmers are moving hogs to high ground. Dealers are moving cars into service bays for refuge. And up to 3 million energy customers in North and South Carolina could lose power for weeks. Across the Carolinas and parts of Virginia, businesses are bracing for the economic damage Hurricane Florence is expected to inflict on the area. Industries like tourism and agriculture will likely suffer, and the losses won't be easily or quickly overcome. Once it makes landfill, Florence is expected to lash coastal communities with 130-mph winds and to dump several feet of water.
The three solar PV projects to be acquired are Avalades - 15.8MW, Ferreiras - 6.8MW and Sol Cativante V - 6.8MW. Cubico EMEA head David Swindin said: "This The post Cubico to acquire three solar projects in Portugal appeared first on Compelo Energy.
Google said it has signed a 10-year deal to buy renewable energy from three new wind farms that are being built in Finland and which will power one of its data centers.