Engie, CBEA to build $60 million of minigrid projects in Nigeria
CrossBoundary EnergyAccess Nigeria has committed to invest $60 million in minigrid projects developed by Engie, in the largest such transaction in Africa. The projects will connect more than 150,000 people to electricity for the first time.
How the EU Commission envisages gas price caps and profit absorption on the electricity market
European Union energy ministers will meet in a special session in Brussels on Friday to discuss deep cuts to the gas and electricity markets. A non-public paper obtained by pv magazine shows the Commission’s proposal, which includes a triad of reduced prices, consumption reduction, and solidarity-based distribution of energy within the EU.
Brookfield Renewable acquires Standard Solar, Scout Clean Energy
Brookfield Renewable is set to invest up to $2 billion in Standard Solar and Scout Clean Energy, bringing its development portfolio to 60 GW.
Blackstone Capital move for mounting system company under scrutiny
The European Commission’s merger and acquisitions body is running the rule over a plan by New York-based Blackstone Capital to take joint ownership of expansionary Esdec Solar, alongside private equity group Rivean.
Solar energy tax credits are a boon to blockchain technology solutions
The Inflation Reduction Act (IRA), signed into law by US President Joe Biden, represents the single largest investment in clean energy, GHG emissions reduction, and climate resilience in the country’s history by providing around US$370 billion for green energy tax credits and other incentives to spur large-scale development of solar energy technologies to electrify the US’s digitization.
AfDB announces cheap loans to back off-grid solar in Africa
The African Development Bank has announced that European and US donors will provide $20 million of concessional loans to support pay-as-you-go solar companies in sub-Saharan Africa.
Short-term scarcity, long-term uncertainty weighing on green hydrogen
Historic analogues suggest that emergency-like policy measures could foster high growth rates, expediting a breakthrough and increasing the likelihood of future hydrogen availability. However, EU targets require unprecedented growth rates, according to a group of German and US researchers.
KKR, Hero Group to invest $450 million in Hero Future Energies
The investment will support Hero Future Energies in expanding its renewable energy capacity. The Indian independent power producer has a diversified portfolio of 1.6 GW of operating solar and wind projects.
In Asean nations it’s all about the solar
Indonesia will have to get to work installing more than 24 GW of solar this year – and every year – if the region is to achieve the 2.1 TW to 2.4 TW of photovoltaics Irena has estimated it will require to achieve a net zero carbon energy system by 2050.
Pakistani regulator clarifies net metering proposal
A consultation about raising the level of payments made for excess household electricity injected into the grid appears to have prompted fears it could raise solar power prices across the board.
