Wind Farms








Asia

North America

Power Markets

Morgan Stanley seeks Goldman Sachs' help to sell PNE stakes, sources claim

Morgan Stanley and Goldman Sachs are exploring the possibility of selling their majority stake in German renewable projects developer PNE. This could lead to a bid being made for the 1,09 billion euro ($1.17 billion), firm. One person said that Goldman Sachs is already contacting potential private equity investors about their interest in Morgan Stanley’s 50.06% stake, currently valued at around 543 million Euros, in PNE. The people added that the deliberations are still at an early stage, and it is not certain if a deal will happen. Morgan Stanley, Goldman Sachs, and PNE declined to comment. According to German...

Energy Markets

European business exposed as Trump takes objective at US offshore wind

U.S. President Donald Trump in his very first day of workplace on Monday suspended brand-new federal offshore wind leasing pending an ecological and economic evaluation, saying wind mills are unsightly, expensive and damage wildlife. Former President Joe Biden supported the overseas wind market, setting a target for 30 gigawatts (GW) of jobs by 2030, up from 42 megawatts at the end of 2023, triggering many European project developers to acquire leases and strategy wind farms in the United States. Trump's executive order is not anticipated to stop existing U.S. offshore wind tasks from being advanced. Below are a few of...

Electric Utilities

Acadia, business eye $9 bln United States renewables roll-out

U.S. investor Acadia Facilities Capital and companies consisting of Microsoft are seeking to assist develop a $9 billion pipeline of renewable energy projects across the nation, the job lead told Reuters. Introducing the Environment and Communities Financial Investment Union ( CCIC) with the innovation giant as an anchor member, Acadia Vice President Brian O'Callaghan stated it was likewise talking with business in sectors including retail and consumer goods. The CCIC's factor for being is to accelerate corporate-led renewable energy financing with real tangible benefits to regional neighborhoods, O'Callaghan stated, adding it was anticipated to assist build-out around 5 gigawatts of...

Fossil Fuels

GE Vernova probe finds overseas wind turbine plant in Quebec cut corners, sources say

GE Vernova's offshore wind turbine making plant has actually fired or suspended numerous workers in Quebec after a business examination found they took shortcuts on quality assurance, sources familiar with the matter informed Reuters. GE Vernova launched the probe at the factory in Gaspe, Quebec, after one of the 107-meter long turbine blades it made shattered at the Vineyard Wind project off the coast of Massachusetts in July. Fragments of fiberglass cluttered the beaches and required the job to temporarily close down. GE Vernova owns the Gaspe plant through its LM Wind Power subsidiary. One source knowledgeable about the matter...

Environment

EDPR confident Biden's US renewables law won't be cut by Trump

EDP Renovaveis, the world's fourthlargest wind energy producer, believes U.S. renewable energy legislation introduced under President Joe Biden will not face considerable cuts when Donald Trump is successful him in January, its CEO stated on Wednesday. The renewable energy sector experienced strong development throughout Trump's first presidency and lots of major tidy energy investments that have actually gained from Biden's Inflation Reduction Act (IRA). lie in Republican states, Miguel Stilwell d'Andrade stated. in a call with experts on Wednesday. Our company believe that the benefits these states have actually gotten under. the individual retirement account make it not likely the...

Mining

Miners, financiers see scope in energy transition however struggle with choices: Russell

Mining financial investment conferences have a fantastic track record of pointing to the next development location for commodities, as they unite early phase investors and junior miners looking for to get jobs off the ground. A decade ago lithium was the popular metal, 5 years earlier it was the turn of gold and more just recently copper has been the flavour of the month at these occasions throughout Asia. However at the 121 Mining and Energy Financial investment conference this week in Singapore there was no clear option, and no real consensus on where the very best chances lie. If...

Wind Farms

Yellen: United States development requires public, personal financial investments, China subsidies extreme

U.S. Treasury Secretary Janet Yellen stated on Thursday that U.S. public financial investments that attract private capital are crucial to promote sustainable and inclusive growth over the long term, but alerted that China's model of huge state industrial subsidies were inappropriate to the world. Yellen said in ready remarks to the Economic Club of New York that the conventional Republican design of supply-side. economics relies too heavily on tax cuts to spur financial investment and. has failed to benefit enough employees. Yellen's speech to top business executives and Wall Street. leaders marked a rebuttal of sorts to a presentation that....

Fossil Fuels

Yellen states public, personal financial investments needed to sustain US growth

U.S. Treasury Secretary Janet Yellen stated on Thursday that U.S. public financial investments that attract personal capital are crucial to promote sustainable and inclusive growth over the long term, but warned that China's design of huge state industrial aids were undesirable to the world. Yellen said in prepared remarks to the Economic Club of New York that the standard Republican design of supply-side. economics relies too heavily on tax cuts to stimulate investment and. has failed to benefit sufficient workers. Yellen's speech to top organization executives and Wall Street. leaders marked a rebuttal of sorts to a discussion that. Republican...

Carbon Emissions

Eku Energy intends to expand its worldwide battery storage to 9 GWh by 2028

Battery storage business Eku Energy aims to expand its international energy storage capacity to 9 gigawatthours by 2028 from about 1.3 GWh now, to assist speed up the energy shift and increase using renewables, the head of its Japanese unit said. Eku Energy, jointly owned by Macquarie Group's. green mutual fund and Canadian pension fund British Columbia. Investment Management, in April announced its very first task in. Japan to build a 30 megawatts/120 MWh battery energy storage. system in Miyazaki prefecture on the southern island of Kyushu. As resource-poor Japan broadens renewable resource to satisfy. decarbonisation objectives and enhance energy...

Renewable Energy

Google invests 1 billion euros in Finnish data centre to drive AI growth

Alphabetowned Google will invest a more 1 billion euros ($ 1.1 billion). into the expansion of its data centre campus in Finland to drive. its artificial intelligence (AI) company growth in Europe, it. stated in a declaration on Monday. In recent years, numerous data centres have been found in the. Nordic nations because of the region's cooler environment, tax. breaks and plentiful availability of renewable power. Finland's Nordic neighbours Sweden and Norway have recently. grown progressively vital of hosting them, with some industry. professionals arguing the Nordic nations need to use their renewable. power for items such as green steel...

Power Markets

A Trump presidency would risk $1 trillion in tidy energy investment, WoodMac states

A victory by Donald Trump in the Nov. 5 presidential election would threaten a predicted $ 1 trillion in lowcarbon energy investments and carbon emissions would be 1 billion tonnes more by 2050 than under present policies, according to a brand-new analysis by Wood Mackenzie released on Thursday. KEY QUOTE This election cycle will truly influence the pace of energy financial investment, both in the next 5 years and through 2050, said David Brown, director of Wood Mackenzie's Energy Transition Research study. Investments in low carbon supply require to be made in the near term to recognize longer-dated decarbonization targets....

Power Markets

Dominion preparing to power 15 more data centers in 2024

Dominion Energy expects to service 15 more information centers through completion of 2024 as the utility gets bigger power requests from computer warehouse developers, executives stated on Thursday. Rule's service territory consists of northern Virginia, that includes a cluster of counties that hold the world's. largest concentration of data centers. The method data centers are ramping up is much faster than they. have in the past and their demands are bigger than they've been. in the past, Dominion CEO Robert Blue said, adding that his business. has actually linked 94 gigawatts of information center capacity in the past. five years....

Europe

Power Markets

Dutch consider new subsidies for offshore Wind as bidders opt-out

The Dutch government wants to introduce subsidies into its offshore wind farm tenders, because bidders have withdrawn from the current "zero-subsidy" model. Since 2017, the Netherlands has been able to attract builders to its offshore wind farms, without subsidizing electricity prices. However, interest has decreased due to increasing construction costs and uncertain power prices. The Dutch Climate Ministry said that interest in the upcoming auction for three sites on the North Sea was "very low". Eneco, Orsted and other energy firms have already announced that they will not participate in the September tender because they do not see a viable...

Energy Markets

Sources: Masdar is considering buying a stake in TotalEnergies Portugal renewables

Three people familiar with the matter said that Masdar, an Abu Dhabi renewable energy firm, is looking to acquire a stake in TotalEnergies’ Portuguese renewables assets. One source said that any deal would be likely done through Saeta Yield. This is the green energy company Masdar purchased last year from Canada’s Brookfield. Could not determine the size of the stake Masdar was interested in. Masdar's spokesperson stated that "While we don't comment on market speculations, we continue exploring opportunities in the area as we expand toward our global goal of 100 gigawatts before 2030." TotalEnergies has declined to comment. Masdar...

Power Markets

Investment chief: Sanctions against Syrian banks thwart recovery efforts

Western sanctions on Syria’s banking sector prevent critical investments in the war ravaged economy, despite the huge interest shown by Syrian and foreign investors following the fall of Bashar Al-Assad. "Sanctions stopped everything." Ayman Hamawiye (36), the head of the Syrian Investment Agency said that sanctions are currently aimed at the Syrian people, and they are increasing the suffering. Hamawiye has been appointed by the rebels who have now become rulers, Hayat Tahrir Al-Sham. This was after their lightning-fast offensive last year that led to the ouster of former Syrian President Assad. He worked with HTS, the governing body of...

Western Europe