Tagged Investing

Ørsted wins bid in Taiwan offshore wind auction

By Michelle Froese Taiwan’s Ministry of Economic Affairs has announced the outcome of its first offshore wind auction. Ørsted was awarded 920-MW capacity for its offshore wind sites in the Changhua region. Subject to Ørsted obtaining relevant permits and taking final investment decision, the projects are to be built in 2025. Ørsted’s winning bid price…

SEIA says IRS’s ITC guidance will help solar projects take off

By Kelsey Misbrener The Internal Revenue Service (IRS) released guidance establishing when construction starts for solar projects under tax law, allowing developers to invest with confidence in new solar projects. The guidance, Notice 2018-59, provides two methods to establish when construction of a solar facility starts to qualify for the solar investment tax credit (ITC):…

Coalition applauds California’s low-income rooftop solar investment

By Kelsey Misbrener Solar industry, renewable energy and environmental justice organizations and advocates applauded a decision today by the California Public Utilities Commission (CPUC) that will increase opportunities for low-income households to go solar, lower their utility bills and participate in the state’s growing clean energy economy. Following a multi-year process prompted by Assembly Bill…

Volkswagen invests $100M in QuantumScape to secure access to solid-state battery technology; new JV; production by 2025

By mmillikin The Volkswagen Group is increasing its stake in solid-state energy company QuantumScape Corporation (earlier post) and forming a new joint venture with the intention of paving the way for the next level of battery power for long-range e-mobility. Volkswagen will invest US$100 million in QuantumScape and will become the innovative enterprise’s largest automotive…

New ACORE campaign aims for $1 trillion in U.S. renewable investments

By Michelle Froese “The Future of U.S. Renewable Energy Investment: A Survey of Leading Financial Institutions,” collected data and insights from senior-level respondents across banking institutions, asset managers, private equity firms and other financial firms that together represent approximately one third of annual U.S. renewable energy investment. Download the report here. The American Council on…

MidAmerican Energy hits 50% renewables in Iowa

By Michelle Froese MidAmerican Energy began investing in renewable energy in 2004, with a vision to provide 100% renewable energy for its customers. MidAmerican Energy Company provided its Iowa customers with more than half of their electricity from renewable sources last year, according to a verified report form the Iowa Utilities Board. Through a board…

PGGM to co-own four renewable energy projects with EDF

By Michelle Froese EDF Renewables announced the signing of Purchase and Sale Agreements (PSA) by which PGGM Infrastructure Fund will acquire a 50% ownership interest in the following projects: Red Pine Wind, Rock Falls Wind, Switch Station 1 Solar, and Switch Station 2 Solar. The total capacity of the portfolio of projects is 588 MW….

Huawei responds to SolarEdge lawsuit

By Kathie Zipp On Monday, SolarEdge announced that it was filing a patent infringement lawsuit against Huawei Technologies and Huawei Technologies Düsseldorf, as well as WATTKRAFT Solar, a German distributor for Huawei. The lawsuit asserts unauthorized use of patented technology, which is prohibited by law, and is intended to protect SolarEdge’s investment in its DC-optimized…

Bankability of early-stage renewables projects will drive economic growth in emerging markets

By Michelle Froese Global sustainable energy consultancy, K2 Management launched a report titled; Pre-construction projects: The battle to reduce uncertainty and improve business case bankability, in partnership with specialist insurance broker and risk consultant, JLT Speciality, at Africa Energy Forum, which kicked off today in Mauritius. The report identifies trends and developments in the development…

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