Hitachi restructures wind turbine business to strengthen collaboration with Enercon
Hitachi, Ltd. has announced plans to strengthen its alliance with ENERCON GmbH as part of a restructure of its wind turbine business.
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People & Companies News
GE consolidates renewable and grid assets into new Renewable Energy busines
GE has announced that it intends to intensify its focus on the growing renewable energy market by consolidating all of the company's renewable and grid assets into a single, simplified Renewable Energy business.
ENGIE and STOA sign joint venture agreement for Indian wind platform
ENGIE has announced that it has entered into a partnership with STOA, a French infrastructure and power equity investor in developing countries, to build a wind platform in India, through a joint venture owned 50/50 by the two entities.
Orix launches renewables O&M services unit
ORIX Corporation has announced that it has established and commenced activities at ORIX Renewable Energy Management Corporation, a company tasked with the operation, management, and maintenance of power plants that use renewable energies such as solar power.
Statoil becomes Equinor
On 15 May 2018, the annual general meeting (AGM) of shareholders in Statoil ASA approved the board of directors’ proposal to change the company name to Equinor ASA. From 16 May 2018 (inclusive), the company’s shares have been trading on Oslo Børs under the new ticker “EQNR”.
Lightsource BP and Everstone Group form joint venture to invest in green infrastructure in India
Lightsource BP has formed a 50:50 joint venture with the Everstone Group, one of India’s leading private equity fund managers, to create a major fund management platform for green energy infrastructure in India, to be called EverSource Capital.
MPC Capital announces partnership with Martifer Renewables
MPC Capital, an international real assets investment manager headquartered in Hamburg, has announced a joint venture with Martifer Renewables, a developer of wind and solar energy projects. The venture will focus on developing and supporting distributed generation and utility-scale solar photovoltaic and wind renewable energy projects throughout Colombia.
Vattenfall plans major investment in large-scale solar power generation
Vattenfall plans to invest SEK1 billion (US$120.8 milion) in developing new solar power plants, primarily large-scale, during 2018-2019. In addition, Vattenfall will provide small-scale solar solutions for customers. The investments support Vattenfall's objective to become fossil-free within a generation.
Capital Stage AG changes name to Encavis AG
Capital Stage AG, the SDAX-listed solar and wind park operator based in Hamburg, has announced that it has changed its name to Encavis AG.
Iberdrola to invest US$40 billion between 2018 and 2022
Following public disclosure of its 2017 earnings, Iberdola has announced plans to invest EUR32 billion (US$39.4 billion) over the period between 2018-2022. More than 90% of total amount will be allocated to regulated activities or long-term contracts, in line with the group's strategy of investing in businesses with stable and predictable returns.
Building Energy enters in Latin America with first investment in Chile
Building Energy SpA, multinational company operating as a global integrated IPP in the renewable energy industry, has announced the constitution of Building Energy Andes SpA, a joint venture with Scotta Group aimed to the development, construction and operation of renewable energy assets in Chile.
ENGIE and Crédit Agricole Assurances to invest in 500 MW of wind and solar in France
ENGIE and Crédit Agricole Assurances have signed a new agreement to acquire nearly 500 MW of on-shore wind and solar power plants by the end of 2018 through their joint venture FEIH (Futures Energies Investissements Holding).
Vattenfall to supply 1.5 TWh of electricity to AkzoNobel
Vattenfall has announced that it has agreed to will supply 1.5 TWh of electricity annually to AkzoNobel in the Netherlands. The new agreement concerns AkzoNobel’s chemical production sites in Delfzijl, Hengelo and Rotterdam.
Allianz Group announces restructure of investment divisions
The Allianz Group has announced that from 1 January 2018, Allianz Capital Partners (ACP) will become a discrete entity under the umbrella of Allianz Global Investors (AllianzGI).
EDF launches 30 GW Solar Power Plan
Over the period of 2020 to 2035, the EDF Group – through its subsidiary EDF Energies Nouvelles – intends to develop and build solar plants in France with a total 30 GW of installed capacity.
UK 690 MW onshore wind firm officially launched
Ventient Energy Ltd, the UK’s third largest generator of onshore wind energy, and the largest non-utility owner of onshore wind, was officially launched last Monday.
ESB plans 800 MW of Scottish clean energy projects from new office
ESB has officially opened an office at George Street Glasgow today, from where it will continue to develop high quality renewable energy generation projects in Scotland.
Dynamic Energy Networks, Schneider Electric and The Carlyle Group form strategic alliance
Dynamic Energy Networks (DEN) has announced strategic alliances with established energy and industrial sector powerhouses Schneider Electric and The Carlyle Group.
Siemens Gamesa obtains revenues of €11 billion
Siemens Gamesa Renewable Energy today presented its results. Regarding fiscal year 2017, revenue increased by 5% to €10,964 million, while underlying EBIT was €774 million (-18%) with an EBIT margin of 7%.
The Carlyle Group names new executive leadership team
Global alternative asset manager The Carlyle Group has announced executive leadership changes, effective January 1, 2018.
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