Shell completes Powershop takeover despite widespread outrage
Shell has completed its acquisition of Powershop Australia. The takeover sparked a heated outcry when it was first announced in November.
Net metering would offer a solar rooftop alternative to uneconomic Kenyan utilities
Commercial and industrial clients across the continent are turning to solar amid fears ever more cash-strapped conventional electricity companies will be unable to invest in their creaking grids, an online event has heard.
EBRD and pensions investor announce €500m, five-year climate package
The ILX pension fund investor set up with the backing of German, Dutch and British public money has committed to join the EBRD in providing the finance for climate-related investment across the lender’s sphere of influence.
‘The technology and the capital are available, but the market simply lacks execution capacity’
1Komma5° has acquired a majority stake in Swedish solar installation provider Cellsolar AB. This is the sixth acquisition of the recently founded Cleantech startup which wants to open the installation sector for the capital market in order to allow rapid growth.
Cobalt-free, solid-state, lithium-ion battery plant opens in Silicon Valley
U.S-based solid-state battery start-up Sparks has opened a pilot plant for its patented lithium battery technology based on zero cobalt cathodes. The company wants to challenge China’s dominance in next-gen battery development.
Portuguese solar plants – tendered and merchant – remain in limbo
One of the first items in the in-tray of the country’s new Socialist Party government must be to unblock Portugal’s seemingly huge appetite for PPA-backed merchant solar sites and to deliver the PV projects which were tendered by the authorities, to global acclaim, in 2019 and 2020.
Botswana-Namibia green hydrogen project expands to 5GW
The raised ambition of an already huge renewables-powered hydrogen project in the Southern African nations vividly demonstrates the hydrogen and clean energy potential of a continent which accounted for just 0.5% of the world’s new solar capacity last year, according to trade body AFSIA’s annual report.
Industry heavyweights look to solid-state battery cells, resources, and recycling
Mercedes-Benz has teamed up with ProLogium to integrate solid-state battery technology into a range of passenger vehicles; Panasonic and Toyota have launched an industrial-academic collaborative research program concerned with battery resources and recycling; and LG Energy Solution plans to spend $2.1 billion with General Motors to build another electric vehicle battery plant in the U.S.
Singapore sovereign wealth fund backs Australian green hydrogen developer
The InterContinental Energy company behind two proposed green hydrogen megaprojects in Western Australia – the 26GW Asian Renewable Energy Hub and the 50GW Western Green Energy Hub – has received the backing of Singapore’s US$744 billion sovereign wealth fund GIC.
GCL wants note holders to back switch to gas-fired hydrogen
The Chinese solar developer, which has sold off four-fifths of its PV project capacity to state-owned entities, wants the permission of the holders of $420 million of 2024 senior notes to change the terms of their investment so it can buy Ethiopian natural gas from a connected business.
