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…