The report “Scenarios for the Energy Transition” assesses a collection of recommendations and country experiences gathered through the activities of the LTES campaign and the LTES Network. The report covers how scenarios can better account for potentially transformational changes and how they can be better used for strategic decision-making by governments and investors.
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MKM Invest Group, a Hamburg-based independent power producer, has raised a EUR 106 million mezzanine debt financing for 579 MW of solar PV projects based on contracted and merchant revenues. The solar portfolio consists of 367 MW of capacity in Germany, 108 MW in Spain, and 104 MW in France.
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As the necessity of energy system transformation gathers pace at a global level, North African countries are increasingly making efforts towards their respective clean energy transitions. Clean energy transitions offer opportunities for North African countries to transform their energy infrastructure in ways that can meet the region’s growing energy demand, create much-needed jobs and promote equitable socio-economic development, diversify their economies, and build climate change resilience, all while achieving low-carbon, sustainable, inclusive economic growth.
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PepsiCo has announced a target to source 100 per cent renewable electricity across all of its global operations. The company has joined the RE100 initiative, an initiative led by the Climate Group in partnership with CDP, to bring together the world’s most influential companies committed to 100 per cent renewable electricity.
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Independent renewable power producer, Innergex Renewable Energy, has signed two 25-year power purchase agreements (PPAs) with the Hawaiian Electric Company to supply power at a fixed price from two solar and energy storage projects. The projects, Barbers Point and Kahana, will be located on the Hawaiian Islands of Oahu and Maui, respectively.
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The Bangladesh Power Development Board (BPDB) has issued a notice inviting interested developers to set up wind power projects at two sites in the country. Both sites, Chandpur and Coz Bazar, will have a 50 MW project each leading to a total capacity of 100 MW.
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GDS Holdings Limited, a leading developer and operator of high-performance data centers in China has signed an MoU with Sembcorp Industries Limited to partner on renewable energy initiatives. Under the agreement, both the companies will collaborate to develop renewable energy solutions for GDS data centers wherever accessible in China.
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Statkraft Ireland has acquired five fully permitted solar projects from Lightsource bp, a global leader in the development and management of solar energy projects. The total capacity of the five projects is 275 MWdc. These acquisitions are the most recent in Statkraft Ireland’s series of renewable energy transactions since 2018.
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Oil giant Equinor has entered into a partnership with two Japanese partners, Jera and J-Power, prior to Japan’s upcoming Round 1 offshore wind auction. The three companies are entering into a joint bid agreement to evaluate and submit a joint bid in the upcoming offshore wind auctions in Japan.
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EDF has launched an inaugural landmark offering of green senior unsecured bonds convertible into new shares or exchangeable for existing shares of the company for a maximum nominal amount of €2.4 billion due in 2024. This new offering is the first convertible bond issued by EDF.
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Swedish energy storage company Azelio and India based Atria Power have signed a MoU to install over 65 MW of energy storage capacity in India. According to the agreement the entire energy storage capacity will be set up until 2025.
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Global mining group BHP has signed a power purchasing agreement (PPA) to meet 50 per cent of its electricity needs across its Queensland Coal mines from green power sources. The said PPA has been signed with CleanCo, Queensland’s state-owned clean energy generator and retailer.
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Mainstream Renewable Power, a global wind and solar developer, has reached financial close for the second phase of its Andes Renovables renewable power platform in Chile. This second phase, called Huemul, will have a total capacity of 630 MW. It comprises of three onshore wind and two solar PV assets.
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Total and Macquarie’s Green Investment Group (GIG) have partnered to develop floating offshore wind projects in South Korea. The 50-50 partnership concluded recently between the two companies is aimed to develop 5 large projects with a total capacity of more than 2 GW.
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Votorantim Energia and the Canada Pension Plan Investment Board (CPP Investments) have formed a joint venture to fund growth in the construction of a large renewable energy cluster in Brazil. The JV is setting up two new wind farms, Ventos do Piauí II and Ventos do Piauí III, with a total installed capacity of 409.2 MW.
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NTR, a sustainable infrastructure investor and asset manager that acquires, constructs and manages renewable energy projects, has successfully completed a €370 million portfolio refinance of its 220 MW onshore wind portfolio. The said refinancing has been carried out for its NTR Wind 1 LP fund…
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The preliminary results of Portugal’s latest solar auction for 700 MW of capacity have been released with the winning bid price dropping to a record low of €0.01114/kWh. This is lower than the record low bid price of €0.0146/kWh witnessed in the 1,150 MW solar auction in Portugal in June 2019.
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Saipem, an Italian major in subsea exploration, construction and energy services, will co-develop a 450 MW wind farm in the Adriatic Sea off the coast of Ravenna. The company has recently signed MoUs with AGNES and QINT’X to set up this offshore wind farm in northern Italy.
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The German government is publishing its first framework for Green German Federal Securities to strengthen the country’s position in the area of sustainable finance and make its “green” budget spending more transparent.
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Amazon has announced a new 115 MW wind farm project in Ardderroo, Galway in Ireland. The wind power project will support the Amazon Web Services (AWS) data centers in the country. This new project will begin operating in 2022 and add to the company’s other upcoming projects in the country.
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