Given the current energy crisis and the increasing importance of low carbon, locally secured energy generation, the role of renewable energy is ever more important. Rahul Sen Sharma, Managing Partner of Indxx, talks us through the role of solar and some of the market opportunities being created by new technologies and approaches.
All Solar Power Posts
British energy consumers could save £26 billion ($30 billion) over the next two years, nearly £950 per household, through a government plan to cap profits of existing wind and solar farms in exchange for long-term price certainty.
NatWest, Lloyds Bank and AIB have provided a £230 senior debt facility to Low Carbon for new solar projects. An accordion facility gives a £200 million extension for a total of 1 GW of new solar projects across the UK and the Netherlands.
German power giant RWE has announced a solar acquisition and further wind expansion as part of a planned €50 billion investment in renewable energy by 2030.
Japan appears to be stepping up its efforts to invest in Africa, which may be seen as a proxy for the west's efforts to counter China’s Belt and Road Initiative (BRI). Differences between China and Japan’s approach in Africa may result in different outcomes for the continent.
The owner of the UK’s ‘Electric Highway’, GRIDSERVE, has secured £200 million in funding from Infracapital, enabling an expansion of its solar farm + battery model supporting electric hubs and forecourts.
Lightsource bp, a 50:50 joint venture between Lightsource and oil and gas major BP, is set to become the largest solar developer and owner in Australia, as it aims to reach financial close on its Wellington North and Wunghnu Solar Farms later this year.
Global car manufacturer Ford continues to integrate ESG metrics into its business. Building on its 2021 decision to align over $15 billion in credit to sustainability metrics, it announced the largest renewables PPA in Michigan to date.
France’s TotalEnergies and Japanese energy group ENEOS have received final merger clearance and have completed a joint venture agreement to develop 2 GW of onsite business-to-business (B2B) solar projects across Asia over the next five years.
Despite the failure of Biden’s climate action plan due to pushback from Senator Joe Manchin, a new deal has been struck including climate action in a bill aimed an addressing energy security and inflation.