Brazil’s Ibitu Energia, owned by US-based asset manager Castlelake LP, plans to invest roughly $840 million in renewable energy assets in the coming five years, according to a statement from Gustavo Ribeiro, Chief Executive of Ibitu Energia.
By David Hall, Power Systems VP UK & Ireland at Schneider Electric
The utilities industry has a vital role to play in driving a green economic recovery. There are three priorities for the energy industry to consider.
Synthesis Analytics, the Swedish innovator combining green high-performance computing (HPC) and intelligent, sustainable district heating, has launched the first £40 million ($49.85 million) tranche of a £300 million fund-raising round to fuel the next stage of its growth.
The renewable power unit of Tepco, Japan’s biggest utility, plans to spend over $18 billion over the next ten years to boost its renewable power generation by as much as 70 per cent.
South Korea plans to start a shift away from thermal and nuclear power generation towards a larger proportion of renewable energy, aiming to reach 40 per cent share by renewable energy by 2034, up from the current 15 per cent.
Despite a projected decline in total US electricity generation cause by the Covid-19 pandemic, the US Energy Information Administration (EIA) predicts that renewable energy sources will produce significantly more electricity in 2020.
The US utility Dominion Energy is planning a major shift towards renewable energy and batteries as it looks to comply with Virginia’s new clean energy law.
The Institute for Energy Economics and Financial Analysis (IEEFA) has reported that the credit appeal of coal-fired power plants seems to be in terminal decline.
The Indian Government has taken measures to insulate its renewable energy sector as much as possible from the 21-day lockdown announced on 25 March.
Uniper and Siemens Gas and Power have signed a cooperation agreement for the development of projects to decarbonise power generation and promote sector coupling.