Mitsui to sell First Hydro stake.

Mitsui to sell First Hydro stake.

Mitsui & Co has agreed a deal to sell its stake in First Hydro, the company which operates the Ffestiniog and Dinorwig pumped storage power stations in North Wales. First Hydro is wholly owned by IPM Holdings (UK), a joint venture between Mitsui and ENGIE. Its power stations provide back-up capacity to the National Grid […]

Global pension funds warm up to India’s solar plans.

Global pension funds warm up to India’s solar plans.

Some of the world’s biggest pension funds, seeking long-term returns on green investments, are scouting for deals in India’s solar power sector, where Prime Minister Narendra Modi is targeting $100 billion in investment in the next five years. Power demand in Asia’s third-largest economy is set to surge as the economy grows and more people […]

Engie to push renewables in Senegal.

Engie to push renewables in Senegal.

France’s Engie has announced it will team up with Senegal’s National Renewable Energies Agency (ANER) to accelerate the development of renewables. The Paris-listed company will focus on increasing individuals’ use of solar power, promotion of market energy performance contracts and strengthening the use of renewables in the local industrial network. Engie will carry out a […]

ENGIE signs deal for development of renewable energy in Senegal.

ENGIE signs deal for development of renewable energy in Senegal.

ENGIE announced Wednesday that it has signed off on a partnership with ANER, the National Renewable Energies Agency in Senegal, to spur the deployment of renewable energy within the country. The first part of this agreement involves the development of solar energy for individuals in multi-occupancy or individual housing. The aim of this measure is […]

Wrexham set for new £25m green energy plant.

Wrexham set for new £25m green energy plant.

Construction work will soon commence on a new green energy facility in Wrexham Industrial Estate, north Wales, after developers secured a commitment of £25m from UK Green Investment Bank plc (GIB) and Equitix. The 5.4 MW biomass plant, the second to be developed by Liverpool-based Green Plan Energy, will generate around 34 GWh of green […]

GE wants to play big on offshore wind market.

GE wants to play big on offshore wind market.

General Electric wants to become a major player in the offshore wind industry and is interested in buying the Areva-Gamesa offshore joint venture Adwen, GE’s new head of renewables said on Tuesday. Following its takeover of the energy assets of French Alstom, GE in November 2015 created a global renewable energy business unit with sales of […]

Pakistan: Plan to set up 1000MW solar plants at Quaid-e-Azam Park

ISLAMABAD – Minister of State for Board of Investment Dr Miftah Ismail on Monday said the government was planning to install solar plants of 1000 megawatts capacity in Quaid-e-Azam Solar Park, while 300 MW of solar plants had already been installed there. Speaking at a meeting with the ex PEMRA chairman Mushtaq Malik and CEO […]