Two powerful backers have signed on to a 2,100-megawatt transmission project to bring renewable generation from Iowa to Illinois. German energy engineering firm Siemens and Copenhagen Infrastructure Partners, a Danish fund specializing in renewables, acquired the SOO Green Renewable Rail from its developer, the Wall Street Journal reported. Siemens will also supply the high-voltage DC equipment for the effort. Optimal sites for large-scale renewables development often lie far from the dense urban areas with high demand for power.
By Marillion van Schaaik Pioneering companies within the Oil and Gas sector are adopting Wind Lidar to provide them with valuable wind data to vastly improve their operational efficiency. Lidar is an established tool that... ... Read Full Article Here For more great articles: Offshore Energy Today.
Ayana has secured the capital commitment from parent CDC and new investors EverSource Capital and the National Investment and Infrastructure Fund of India (NIIF). The post India: CDC-backed Ayana raises $330m for renewable energy investments appeared first on DealStreetAsia.
Equinor has awarded Kvaerner a front-end engineering design contract for the planned Hywind Tampen wind power project in the Norwegian North Sea. Read Full Article Here For more great articles: Offshore RSS Feed.
The consortium will take around 80% stake in a deal worth more than EUR2bn. : A consortium led by Commerz Real and Ingka Group has acquired a majority stake in the second-largest German offshore wind farm in a deal worth more than EUR2bn. Commerz Real and Ingka as the largest stakeholders in the consortium, will each pay more than EUR200m for a stake in the project company for the Veja Mate offshore wind park in the North Sea.
SAN DIEGO, Feb. 12, 2019 /PRNewswire/ -- Sempra Energy (NYSE: SRE) today announced that it has entered into an agreement to complete the sale of its U.S. renewables business by selling its remaining wind operating and development assets to American Electric Power (AEP) for $551 million in ...
Skyline Renewables, which was formed last year by Transatlantic Power Holdings and Ardian, has acquired a 117 megawatt wind portfolio from NJR Clean Energy Ventures, a subsidiary of New Jersey Resources. No [...]
An array of corporations have invested in wind and solar energy recently, pushing spending above $16 billion last year, a 13% growth from the year prior.
Abundant wind and sun, falling turbine and panel costs, and corporate demand for contracts to hedge against rising power tariffs have attracted dozens of international developers looking to build wind and solar farms Down Under.
Global clean energy investment totaled $332.1 billion in 2018, down 8% on 2017. Last year was the fifth in a row in which investment exceeded the $300 billion mark, according to authoritative figures from research company BloombergNEF (BNEF). There were sharp contrasts between clean energy sectors in terms of the change in dollar investment last year. Wind investment rose 3% to $128.6 billion, with offshore wind having its second-highest year. Money committed to smart meter rollouts and electric vehicle company financings also increased. However, the most striking shifts were in solar.