Saudi Arabia, the world’s largest oil producer, is targeting to tender eight renewables projects this year, worth between $5 billion to $7 billion, as a way to free up fossil fuel from domestic consumption to exports.
France’s EDF Energies Nouvelles (EDF EN), the renewables arm of utility group EDF, started commercial operations at a second large-scale solar photovoltaic (PV) project in Chile, increasing its portfolio in the South American nation.
After increasing 13% in 2017, the Energy Information Administration expects total generation from all renewables (including utility- and small-scale generators) to decrease 3% in 2018, then rise 7% in 2019.
German utility E.ON has accepted to sell its 46.65% stake in its spin-off Uniper to Finish utility Fortum, in a voluntary public takeover offer for roughly €3.76 billion ($4.5 billion), Kallanish Energy reports.
Swiss private markets investment manager, Partners Group, said on Monday it will become the largest investor in the 731.5-megawatt (MW) Dutch offshore wind farm Borssele III/IV, with a 45% stake in the project, Kallanish Energy reports.
With power demand in Southeast Asia expected to grow at roughly 4.6% per year in the next decade or so, baseload low-cost coal-fired generation offers an investment opportunity of $250 billion over the next decade, Wood Mackenzie projected on Thursday.
Spanish-based wind turbine manufacturer Siemens Gamesa has secured its largest wind power order in Egypt in the country’s first privately-backed wind farm development, Kallanish Energy learns from the company this week.