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Industry Updates

Luxcara | February 18, 2021

Luxcara and GE Renewable Energy have announced an agreement to convey 753MW of inland wind capacity with the Önusberget wind ranch in northern Sweden. As indicated by the Luxcara press explanation, the project will be the largest single inland wind ranch in Europe and GE's largest coastal wind ranch contract outside of the US. Luxcara has just begun foundation work, and GE will start introducing turbines as right on time as July of this current year. GE Ren...

BlackRock | January 27, 2020

The world’s largest asset manager has a new multibillion-dollar renewable energy fund in the works, and a good chunk of it may go to batteries. Long a major global investor in wind and solar energy, BlackRock has more recently begun buying into energy storage projects — including its acquisition last year of GE’s distributed solar and storage business. Looking out over the next few years, energy storage is one market “where we’ll see the opportunity set expand,” said Martin Torres, managing dire...

Energy

Daimler | April 07, 2021

Through these agreements with renewables, an increasing number of major industrial players are seeking to decarbonize their activities. Daimler has also signed power purchase agreements (PPAs) with wind farms in Germany and Poland. However, this new agreement will provide them with 100% renewable energy 24 hours a day, seven days a week, as it combines wind and solar power, with hydro capacity in Norway providing backup. Wind power will be generated by 200 wind turbines located ac...

Energy

prnewswire | July 19, 2023

Globeleq, the leading independent power company in Africa, has agreed to purchase Scatec A.S.A.'s 52.5% stake in the 41 MW Central Solar de Mocuba solar PV power plant (Mocuba). Globeleq will also purchase KLP Norfund Investments A.S.'s 22.5% stake in the plant at the same time. On completion of these transactions, Globeleq will hold a 75% stake in Mocuba, and will become the owner and manager of the plant. Electricidade de Moçambique (EDM), the national power com...