The Abraaj Group and ENGIE to Develop a Wind Power Platform in India.

The Abraaj Group and ENGIE to Develop a Wind Power Platform in India.

The Abraaj Group (“Abraaj” or the “Group”), a leading investor operating in growth markets, and ENGIE, a leading multinational utility company and the largest global independent power producer, announced today a partnership to build a wind platform in India (the “Platform”). Together, Abraaj and ENGIE have identified a robust pipeline of wind power projects representing […]

UK offshore wind cheaper than nuclear energy for the first time.

UK offshore wind cheaper than nuclear energy for the first time.

This week UK offshore power prices have been cut in half in less than three years. Eleven new electricity projects, totalling more than 3 gigawatts were awarded contracts by the UK Government in the second round of the CfD auctions. Amongst the contracts, DONG Energy will deliver its Hornsea Two project with capacity of 1,386.00 MW for the […]

EDPR and ENGIE awarded long-term CfD for 950 MW offshore wind project in UK.

EDPR and ENGIE awarded long-term CfD for 950 MW offshore wind project in UK.

EDP Renováveis, S.A. (“EDPR”) and ENGIE are pleased to announce that, a joint venture company currently owned by EDPR (77%) and ENGIE (23%), has been awarded a 15-year Contract for Difference (CfD) [1] for the delivery of 950 MW of offshore wind generation at £57.50/MWh (in real 2012 terms). The contract was awarded by the UK’s Department for Business, Energy & Industrial […]

Order for Mongolia’s largest wind park underlines Vestas’ experience in providing solutions to developing markets.

Order for Mongolia’s largest wind park underlines Vestas’ experience in providing solutions to developing markets.

Mongolia has an ambitious target to reduce its greenhouse gas emissions and with extensive wind resources, the renewable energy sector is growing fast. Sainshand Wind Park at Sainshand Soum in the Dornogobi Province is set be Mongolia’s third and largest wind park, and the second one featuring Vestas turbines. Sainshand will feature 25 V110-2.0 MW […]

EU bank invests in Mongolia’s green future.

EU bank invests in Mongolia’s green future.

The European Investment Bank has agreed to help finance a large scale wind farm in Mongolia. The Luxembourg-based EIB, the European Bank for Reconstruction and Development (EBRD) and a group of international investors have pledged more than €100 million in financing for the Sainshand development, which will be the country’s third privately financed wind farm. […]

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 […]