Sustainability-focused investment manager Mirova announced today the acquisition by power company Engie of its 51% stake in the Goya project in Spain, a portfolio of seven wind farms with a total power capacity of 194 MW. Initially awarded in 2016, the Goya project was the first renewable project in Spain to be built without subsidies. Construction on the project started…
Leading construction and mining equipment, engine, turbine and locomotive manufacturer Caterpillar and building materials company CRH announced today a new strategic electrification agreement to develop and deploy battery electric off-highway trucks for CRH operations. CRH is the largest aggregates producer in North America, and the first in its industry to sign an electrification agreement with Caterpillar, the companies said. Denise…
State-owned Norwegian hydropower and renewable energy production company Statkraft announced today the launch of a major investment program, with plans to invest up to €6 billion in its hydro and wind facilities, and for the construction of new wind farms. Hydropower accounts for the significant majority of Norway’s energy mix, at around 88% of total power production, according to the…
Global infrastructure investment manager I Squared Capital announced today an agreement to invest up to $400 million in Brazilian distributed energy generation company Órigo Energia, with proceeds from the investment funding the construction of Órigo’s pipeline of more than 2 GW of distributed solar generation projects. The transaction, expected to close in the first quarter of 2024, marks I Squared’s…
The Abu Dhabi National Oil Company (ADNOC) announced today an investment in UK-based carbon capture and storage project developer Storegga, acquiring a 10.1% stake in the company, and marking the energy giant’s first international equity investment in carbon management platforms. According to ADNOC, the investment forms part of the company’s initiative, announced last year, to allocate $15 billion to low-carbon…
Microsoft and clean energy company QCells announced today an eight-year strategic alliance, including the supply of 12 GW of U.S.-made solar panels and services, aimed at supporting Microsoft’s climate and renewable energy goals, and the development of a U.S. solar supply chain. The deal marks a significant expansion of a 2.5 GW agreement signed by the companies last year, and…
Former Conservative minister Chris Skidmore announced that he will resign his party whip and step down as a member of Parliament as soon as possible, in protest of the government’s plan to enable more licensing for oil and gas production in the North Sea. In his resignation letter, Skidmore, who served as Energy Minister in 2019 when the UK signed…