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17 May 2021

Universities Superannuation Scheme buys half of Bruc Energy

Universities Superannuation Scheme, a UK-based private pension fund with over $79 billion under management, has acquired a 50% stake in Iberia-focused renewables developer Bruc Energy.

17 May 2021

Ørsted brings in new COO to lead EPC & Operations

Ørsted has hired Richard Hunter as the company’s Chief Operating Officer and a new member of its Executive Committee, effective from 1 June 2021.

17 May 2021

NTR hits financial close for Swedish onshore wind farm

Irish company NTR has secured €115 million to reach financial close on the 86 MW Norra Vedbo Wind Farm in Sweden.

17 May 2021

RES progresses North Yorkshire battery project

Global renewables company RES has received the green light to begin construction on the 99.9 MW Lakeside Energy Storage project in the Selby district of North Yorkshire, England.

17 May 2021

Hitachi Sustainable Energy builds position in Vietnam’s wind sector

Hitachi Sustainable Energy Ltd., a subsidiary of Mitsubishi HC Capital, has acquired a 35.1% stake in Trung Nam Wind Power Joint Stock Company, a subsidiary of Trung Nam Construction Investment Corporation and a developer of onshore wind farms in Vietnam.

17 May 2021

ERG signs Italian wind PPA

Italian energy company ERG has signed a 10-year offtake agreement covering 3.4 TWh of electricity with compatriot telecom company TIM.

14 May 2021

Accelerate Real Asset Management to invest $500 million in renewable energy real estate

Texas-based Accelerate Real Asset Management has pledged $500 million to acquire acquire real estate and royalty interests that are associated with large-scale solar, wind and energy storage facilities in the US.

14 May 2021

Statkraft earmarks €200 million for Spanish solar project quartet

Statkraft has outlined plans to construct four new solar power plants in Spain with a total value of €200 million.

14 May 2021

Avangrid seeks $4 billion raise ahead of East Coast offshore wind swell

US energy company Avangrid is preparing a private placement of almost 78 million shares of common stock to Iberdrola and Qatar Investment Authority, involving a 3.7% stake in the company, to fund ongoing renewable developments and platform acquisitions.

14 May 2021

Repsol grabs 40% of Hecate Energy to mark US entry

Spanish utility Repsol has entered an agreement to acquire a 40% stake in US solar and battery storage developer Hecate Energy— marking its third international renewables investment and its first in the United States.

14 May 2021

Enlight, Prime Capital reach financial close for giant Swedish wind farm

Enlight Renewable Energy and Prime Capital has closed a €300 million non-recourse financing agreement to support construction activities on the 372 MW Björnberget wind farm project in central Sweden.

14 May 2021

bp, CEMEX partner to decarbonise cement production

bp and CEMEX have signed a memorandum of understanding as part of plans to explore decarbonisation solutions for cement production and transportation.

13 May 2021

Octopus Renewables, Zestec form UK solar pact

Octopus Renewables, part of Octopus Group, has entered into a partnership with Zestec Asset Management (Zestec Renewable Energy) that aims to direct £100 million of investment into the UK’s solar power project market.

13 May 2021

Lightsource bp receives green light for massive NSW solar hub

Lightsource bp has received planning approval to bolster the capacity of the Wellington North solar farm development in New South Wales, Australia, from 400 MWdc to 600 MWdc.

13 May 2021

Canadian Solar, Habitat Energy study battery optimisation

Canadian Solar and UK-based Habitat Energy have entered a strategic partnership to expand the use of AI optimisation services for grid-scale battery storage assets.

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