By [email protected] Shell and Sumitomo have taken a minority stake in African minigrid firm PowerGen. The pair will have a combined ownership of 15 percent after leading the most recent funding round alongside six other investors. Shell will get a seat on the board, with Sumitomo taking an observer seat. Financial details of the Series…
By [email protected] Large-scale renewables developer Intersect Power announced Thursday it will offload five solar projects it co-developed with SB Energy Global, an arm of SoftBank Group that already owns more than 5 gigawatts of wind and solar assets. The financial company subsidiary will take complete ownership of the projects, totaling 1.7 gigawatts in capacity. The…
By Richard A. Kessler in Boston Banks and investors are ready to provide debt and tax equity as soon as the federal government approves the pioneering $2.8bn US offshore project Read Full Article Here For more great articles: www.rechargenews.com
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By [email protected] SunPower swung to a slight and predicted loss in the third quarter of 2019, amid a yearlong restructuring that’s taken the solar manufacturer and installer out of the utility-scale solar business and into distributed solar and storage. SunPower on Wednesday reported a net loss of $15 million on revenues of $476 million for…
By Giles Parkinson Vales Point coal generator half owned by Liberal Party donor Trevor St Baker wants to install two 30MW batteries, and for the new CEFC fund to help finance it. The post St Baker wants “green loan” for big batteries to cut wear and tear at coal plant appeared first on RenewEconomy. Read…
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The IFC hopes the package will ultimately bolster the eastern European state’s climate finance market. Read Full Article Here For more great articles: PV-Tech
By Alice Grundy A 14.7MW community-owned solar farm in Warwickshire has clinched a new refinancing package from ethical banking firm Triodos and Social and Sustainable Capital (SASC). Read Full Article Here For more great articles: News – Solar Power Portal
The conglomerate’s renewables business posted its third straight quarterly net loss despite growth in revenue and orders. Read Full Article Here For more great articles: Wind Power News & Analysis RSS Feed
By Darius Snieckus and Richard A. Kessler US OEM third quarter results show orders up 30% year-on-year to $5bn, and revenues 13% better at $4.4bn Read Full Article Here For more great articles: www.rechargenews.com
By Ben Schultz At the International Monetary Fund’s annual meeting, central bankers recognized that climate change is a huge risk for the growth of the global economy and financial stability. They also acknowledged that this is a risk that monetary policy must address, but they also admitted that they’re hamstrung until more data is available…
By Nigel Jenvey To ensure the sustainability of oil and gas in the energy transition, Carbon Management must be deployed massively to cut GHG emissions from its operations and products. To achieve this means substantial sums of capital, in the hundreds of billions of dollars, needs to be deployed in addition to the capital required…
By [email protected] Iron flow battery startup ESS raised an additional $30 million to take its technology from pilots to commercial scale. Since 2011, the company has been developing a low-cost, nonflammable long-duration storage technology to compete across domains where the dominant lithium-ion battery chemistries are weaker. Flow batteries have been one of the more prominent…
By Andrew Lee Offshore wind giant unlikely to have been alone in underestimating wake and blockage effects, says CFO Read Full Article Here For more great articles: www.rechargenews.com