Scatec Solar has raised more than US$500 million in a private placement just days after it announced the US$1 billion acquisition of hydropower firm SN Power.
Utility and renewables developer Ignitis Group has marked its first day of trading on two separate stock exchanges, as it bids to target international renewables markets.
Oil and gas majors moving aggressively into renewables must build and not buy their way in, or their contribution to global carbon reduction efforts will be significantly limited, RWE’s CFO Markus Krebber has said.
Iberdrola has hit the accelerator on its renewables investments in H1 in spite of the pandemic, as the multinational utility looks to move forward with a project pipeline that now exceeds 58GW.
Production of green hydrogen using renewable power for electrolysis could be cost competitive with incumbent methods by 2030, analysis by research firm IHS Markit has concluded.
Investment in new solar capacity fell in the first half of 2020 by 12% year-on-year to US$54.7 billion as the COVID-19 pandemic hit both project financing and scheduled auctions.
Arizona utility Tucson Electric Power (TEP) has set out plans to provide 70% of its power from solar and wind by 2035, backed up with investment in new energy storage capacity.
Renewables, energy storage and grid assets are all being considered as top investor bags institutional backing for FEIP fund from the EIB and other investors.
