Asset manager ESR Group has published its environmental, social and governance (ESG) 2030 roadmap where it targets to reach 1GW of installed solar power capacity from its rooftop assets.
As distributed energy resources such as residential solar rooftop increase in the next decade, its use for virtual power plants could save US utilities up to US$35 billion, according to a study from consultancy The Brattle Group.
India-based renewables developer Avaada Group has raised US$1 billion from asset owner Brookfield Renewable to fund the growth of its renewable energy platform in India.