Ping An Overseas Holdings Announces The Closing Of Ping An Global Infrastructure Funds With $758M In Commitments
Ping An Overseas Holdings Announces the Closing of Ping An Global Infrastructure Funds with $758 Million in Commitments HONG KONG, April 16, 2019-- China Ping An Insurance Overseas (Holdings) Limited, together with its subsidiaries ("PAOH"), the main overseas platform for direct investments and asset management of Ping An Insurance (Group) Company of China, Ltd. (2318.HK, 601318.SH), announced the closing of approximately US$758 million in capital commitments to its Ping An Global Infrastructure Funds. The Funds' investments will be focused on telecommunication, transportation, midstream, power, utilities and other infrastructure assets.
California Utilities, Regulators And Distributed Energy Companies Want To Try Tariffs, Instead Of Contracts, To Put Solar, Batteries, To Use As Grid Investments.
GTM Squared delivers premium content in the form of in-depth article series, research highlights, and multimedia extras. Go beyond our everyday coverage and gain insider access to our experts. Can tariffs, instead of utility contracts, bring out enough distributed energy resources to defer grid investment needs? California is looking over a host of proposed experiments aimed at answering that question. Can tariffs, instead of utility contracts, bring out enough distributed energy resources to defer grid investment needs? California is now looking over a host of proposed experiments aimed at answering that question.
Denmark's Vestas, the world's leading wind turbine supplier, is moving to acquire a stake in renewables project developer Sowitec -- part of a trend of wind manufacturers diversifying to offer multi-technology solutions to customers around the world. Vestas this week announced a deal to acquire a 25.1 percent stake in privately owned Sowitec, with an option to buy the rest of the company within three years. Although based in Germany, Sowitec has made its biggest mark in Latin America, particularly Mexico and Brazil, and is active in both solar and wind development in more than a dozen countries.
There are about 500 clean energy and renewable energy startups trying to monetize sustainability and consumption They're focused on energy use, savings or waste, but one stands out because it doesn't just help customers save money. It pays them. COI Energy Services allows its users to monetize their energy efficient buildings and it pays them [...] The post How A Tampa Clean Energy Startup Bootstrapped Its Way To A $1M Contract, On Mogul Watch appeared first on Moguldom.
New York utility Con Edison is testing a commercial business model where it calls the shots and the customer simply hosts the battery. This model simplifies the commercial energy storage sales process by pitching a lease for space in areas where the utility needs help, rather than the typical bill management use case, where batteries lower the power bill by predicting and neutralizing a customer's demand spikes. Distributed energy company GI Energy (now part of Shell's cleantech empire) is developing four 1-megawatt/1-megawatt-hour systems to test whether this model works.
During a March 27 meeting of the Regulatory Commission of Alaska the commissioners heard and discussed a staff presentation on data relating to energy sales between the six Alaska Railbelt electric utilities. The utilities participate in what are referred to as economy energy sales, selling power to...
The country's largest electric company is being required to excavate coal ash from all of its North Carolina power plant sites.
The country's largest electric company was ordered Monday to excavate coal ash from all of its North Carolina power plant sites, slashing the risk of toxic chemicals leaking into water supplies but potentially adding billions of dollars to the costs consumers pay.
Duke Energy Sees Excavation Option For Nc Coal Ash Basins Adding Up To $5B To Current Cost Estimates
Shares of Duke Energy Corp. fell 1.0% in afternoon trade Monday, after the electricity generator said based on current estimates and closure timeframes excavation, excavation of its coal ash basins in North Carolina will add $4 billion to $5 billion to the current estimate of $5.6 billion for the Carolinas. "We are making strong progress to permanently close every ash basin in North Carolina in ways that fully protect people and the environment, while keeping costs down as much as possible for our customers," Duke Energy said in a statement.
French Utility Group Engie Is Adding Gigawatts Of Renewable Energy Capacity As It Divests Coal Assets.
The French utility Engie has polished off its energy transition credentials in recent weeks with a coal plant disposal and a bid for offshore wind. Reuters this month reported that Engie had completed the sale of Thai coal generation firm Glow Energy to Thailand's Global Power Synergy Company, the power generating unit of state-owned PTT, for 93 billion baht ($2.93 billion). The deal, said to be one of the largest ever recorded in Southeast Asia's energy sector, was originally agreed upon in June last year. But Reuters said the transaction was blocked by the Thai energy regulator over competition concerns.