Macquarie Asset Management has today launched a new onshore renewable energy business, Aula Energy. Aula Energy brings together Macquarie’s 17-year track record of investing in the renewable energy sector with a strong local team experienced in developing and commercialising onshore renewables. Aula Energy will seek to build and grow a long-term business to meet future energy needs using market leading capabilities to originate, develop, construct and operate utility-scale wind, solar and integrated batteries across the Australian and New Zealand markets. The business will be led by Chad Hymas, who brings 20 years of experience in the energy industry across strategy,…
Author: @WoRenewables
@WoRenewables
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Renewable Energy Fund I has secured debt funding from infrastructure-focused lender Kommunalkredit Austria AG to back the construction of 51 MW of solar parks in Romania. The agreement will provide INVL with a loan of EUR 25 million (USD 27.4m), the fund run by Lithuania’s INVL Asset Management said on Monday. The projects that will benefit from the financing are part of INVL Renewable Energy Fund I’s Romanian portfolio, which includes eight schemes with a combined capacity of 451 MW. “We see Romania as a very rapidly emerging European Union (EU) market that is heavily focused on renewable energy projects,”…
At its third Capital Market Day in Hamburg, Germany, Siemens Energy presented a strategic outlook to analysts and investors. The Executive Board outlined a clear path to create shareholder value along three priorities: Deliver on profitable growth, fix the wind business and maintain a solid financial foundation.”We are achieving consistent and impressive results in 70% of our businesses. Those results show that our underlying strategic north star to become a leader in the energy transition is right. Our portfolio is excellently positioned, and our record order backlog of 112 billion Euros clearly demonstrates this. As a next step, we will…
OX2 has handed over the 86MW Karskruv wind farm in Uppvidinge municipality, Sweden, to Orrön Energy. The site comprises a total of 20 Vestas turbines. OX2 will be responsible for the technical and commercial management of the wind farm under an agreement with Orrön Energy. OX2 and Orrön Energy signed an agreement in April 2021 to construct Karskruv. The project has completed several measures to improve the biological diversity at the site and promote social values. One of these tasks has been restoring overgrown pastures, to create a milieu that supports more species and improve the overall biological diversity. The…
Sunny, windy, wavy, and small, Portugal is uniquely suited to renewable energy; which it just proved by powering the nation of 10 million entirely with the forces of nature for 6 straight days. It all started on Friday the 27th of October when the largest energy company in the nation, Redes Energéticas Nacionais, reported that conditions of wind and waves were generating the entirety of the nation’s energy supply. They predicted the conditions would carry on through Saturday, but they actually kept on going for the next 5 days, including some periods when the nation’s grid was exporting renewable electricity…
Chinese power and energy investment companies plan to build one of the world’s single biggest renewable projects with 11 gigawatts (GW) of total capacity. China Longyuan Power Group Corporation and CHN Energy Investment Group (CHN Energy) have entered into a joint venture agreement proposing to build 11-GW of new energy generation base in the Badain Jaran (Gansu) Desert Base, Longyuan said in a filing with the Hong Kong Exchange. “The construction scale of the project plans to be 11 GW of new energy, with supporting peak load regulation of thermal power, energy storage and solar thermal projects,” China Longyuan said in the…
The total capital value of wind farms worldwide has reached approximately £1.9 trillion*, according to new study from global specialty (re)insurance group Chaucer. The transition from coal and oil-based energy generation to low carbon energy sources such as wind and solar farms has required an unprecedented level of investment in infrastructure. Chaucer says that with so much capital invested in clean energy assets it is vital that those windfarms and solar farms are adequately insured. Greater levels of insurance cover could expedite the flow of capital from investors into the clean energy sector. Offshore wind farms in tropical and subtropical…
Bridge Wind Management, a leading provider of renewable energy asset management solutions, today announced the industry launch of its intelligent asset management platform, Bruce. Developed by Bridge Wind’s asset management data specialists, Bruce is a multi-faceted tool designed to deliver a multi-stakeholder approach in the way professionals manage their renewable energy assets.
Rhode Island Energy
Scotland’s biggest offshore wind farm has begun operating at full capacity, removing emissions from power supply.
