The UK government announced on Thursday the sale of its Green Investment Bank (GIB) to a Macquarie-led consortium for £2.3 billion ($2.94 billion), making a “substantial profit” out of the privatization, Kallanish Energy reports.
Norway’s independent power producer Statec Solar has signed 25-year power purchase agreements (PPAs) with the government of Egypt for the supply of 400 megawatts, though six new solar power plants, Kallanish Energy learns from the company.
Australian bank Macquarie committed on Thursday to target £3 billion ($3.84 billion) of new investment in green energy projects in the UK over the next three years, either directly or by arranging capacity from other investors, Kallanish Energy reports.
Norwegian and Swedish authorities agreed that Sweden may extend a joint subsidy scheme for the development of renewable energy, targeting to add another 18 terawatts hour (TWh) capacity by 2030, while Norway will keep its current target of 13.2 TWh by 2020.
France’s Total and its U.S. affiliate SunPower have started up their first solar power plant in Japan in partnership with local egg farming firm ISE Group, Kallanish Energy learns from the companies on Wednesday.
Coal-fired power plants accounted for 25% of operating electricity generating capacity in the U.S. and generated roughly 30% of U.S. electricity in 2016, according to the Energy Information Administration.
Argentina’s investment promotion agency estimates the country will attract $14 billion this year from domestic and foreign companies, on the back of the government’s efforts to regain investors’ confidence.
UK’s state-owned development finance agency, Commonwealth Development Corp (CDC), will invest $100 million in India, where it will set up a private company to finance renewable energy projects, Kallanish Energy learns.