Solar

With an average of 300 days of sun per year, the present and future of clean energies in Spain are focused undoubtedly on solar energy. By installing over 4GW of capacity in 2019 (14 times more than in 2018), Spain will lead the solar market in Europe this year, a landmark that illustrates the solar...
Microgrids

PowerGen Renewable Energy (PowerGen), a company that develops, manages and supports micro-utilities in Africa, announced that it received Series B investment from Shell New Energies, as well as Omidyar Network, Acumen, Renewable Energy Performance Platform (REPP), EDFI ElectriFI, Sumitomo Corporation, DOB Equity, and Micro-grid Catalytic Capital Partners (MCCP). The company said the funds will strengthen...
Solar

By Jennifer A. Dlouhy, Bloomberg President Donald Trump formally began the process of withdrawing the U.S. from the Paris climate accord on Monday, a move announced in 2017 that will take another year to complete. The State Department formally submitted a request to withdraw from the pact signed by roughly 200 countries on Monday, the earliest date Trump...
Solar

By Shery Ahn and Dan Murtaugh, Bloomberg Singapore’s state-owned power grid operator wants to build more connections to neighboring countries to tap their greater potential for renewable energy. Nations like Malaysia and Indonesia have ample spare land for solar panels and enough wind to power turbines, both things that Singapore is lacking, Wong Kim Yin, chief...
Wind Power

Pattern Energy Group and Canada Pension Plan Investment Board (CPPIB) today announced they have entered into a definitive agreement, pursuant to which CPPIB will acquire Pattern Energy in an all-cash transaction for $26.75 per share, implying an enterprise value of approximately $6.1 billion, including net debt. CPPIB entered the agreement concurrently with Riverstone Holdings LLC....