Norway’s Scatec Solar has signalled its intention of becoming a global renewables company by agreeing to buy state-owned hydropower firm SN Power for US$1.17 billion. The combined company will have 450 employees, power plants in 14 countries and 3.3GW in capacity at plants in operation and...
Norwegian energy company Statkraft AS is poised to begin constructing a 519MW onshore wind project in Northeastern Brazil after closing a turbine supply contract with German manufacturer Nordex. The Ventos de Santa Eugenia wind project will comprise of 10 wind farms with a total of 91...
The UK’s Prime Minister Boris Johnson has pledged to power every home in the country through offshore wind energy within a decade, after announcing a £160 million package to upgrade ports and factories for building turbines. The scheme aims to create 2,000 jobs in construction and...
UK-based conglomerate GFG Alliance has signed a deal with Spanish energy group Ignis to develop renewable energy projects in Spain that will supply power to potential GFG metals plants. Under the agreement, Ignis and GFG's energy arm SIMEC will invest in wind and solar facilities with...
Global independent oil trader Trafigura has signalled its intention to move into renewable energy through the formation of a joint venture – Nala Renewables – with Geneva-based IFM Investors. Under the partnership, Trafigura expects to invest around US$2 billion in new solar, wind and power projects...
Grid operators from the UK and the Netherlands are exploring the possibility of connecting the two countries’ offshore wind farms with subsea electricity cables by 2029. National Grid Ventures, the commercial arm of UK operator National Grid, and Dutch transmission system operator (TSO) TenneT are drawing...
Latin America is set to see its renewable energy capacity grow from 49GW to 123GW by 2025, with multiple auctions providing a strong pipeline in Brazil, Mexico, Chile, Colombia and Argentina. Rystad Energy said the region is emerging as a ‘green powerhouse’ in its latest press...
One of the world’s largest offshore construction vessels has arrived at the site of a wind farm off the coast of Scotland in the UK, as energy companies EDF Renewables and ESB begin constructing the 450MW facility. The vessels, owned by engineering firm Saipem, will start...
Private equity firm Apollo Global Management has agreed to make a $256 million investment in offshore wind developer US Wind that will fund the construction of a project off the coast of Maryland. The investment includes a mix of debt and equity and resembles Apollo’s first...
Global offshore wind farm capacity could grow eightfold by the end of the decade with Chinese installations powering much of the clean energy surge. A new industry report from the Global Wind Energy Council (GWEC) has revealed stronger than expected growth for the offshore wind sector,...