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ICG and ST International acquire stake in South Korea’s Revent Energy
UK-based asset manager Intermediate Capital Group (ICG) has partnered with South Korean energy firm ST International (STI) to acquire a 50% stake in Revent Energy, with STI retaining the other half. This collaboration aims to strengthen Revent Energy’s onshore wind development strategy in South Korea, targeting 500 MW of installed capacity by 2029 through project acquisition, construction, ownership, and operation. Revent Energy currently holds stakes in two wind farms, Yeongyang Wind Power and Youngduk Wind…
Iskraemeco to establish new development centre in India
Switzerland-based Iskraemeco Group, after selling its smart meter manufacturing unit in India to Kaynes Technology India Ltd, has announced plans to set up a new software development centre in India. The centre will focus on electricity metering and data processing, reinforcing Iskraemeco’s ongoing presence in the country. The sale of Iskraemeco India aligns with the group’s strategy to emphasize digital energy and water management solutions using platforms like Symbiot Head-End Systems (HES) and Symbiot Meter…
EDP Renewables Commissions 200 MW Brittlebush Solar Park in Arizona
EDP Renewables North America (EDPRNA), in collaboration with Salt River Project (SRP) and Meta, has commissioned the 200 MW Brittlebush Solar Park near Coolidge, Arizona. The entire capacity of Brittlebush is designated to support Meta’s data centre in Mesa, Arizona. Meta will also receive capacity from SRP’s 100 MW West Line Solar Facility and the 300 MW solar plus battery Eleven Mile Facility, aiding Meta in achieving its 100 per cent renewable and net-zero goals.
BASF and AM Green partner to explore low-carbon chemical production in India
BASF and AM Green B.V. have signed a memorandum of understanding (MoU) to explore business opportunities for developing low-carbon chemicals produced exclusively with renewable energy. As part of the agreement, both companies plan to conduct feasibility studies in India, assessing potential technologies for low-carbon chemical production. The collaboration also includes a non-binding letter of intent (LoI) for BASF to offtake 100,000 tonnes annually of ammonia produced solely with renewable energy. This includes energy from pumped…
RWE, TotalEnergies partner for 4 GW offshore wind projects off German coast
RWE has partnered with TotalEnergies to develop two offshore wind projects with a combined capacity of 4GW off the coast of Germany. TotalEnergies will acquire a 50% equity stake in both projects, marking a significant collaboration in renewable energy. The projects, identified as N-9.1 and N-9.2, are located between 110km and 115km northwest of Borkum Island. Each site has a potential capacity of 2GW. Investment decisions are expected in 2027 for N-9.1 and 2028 for…
Inox Wind secures 51 MW order from Everrenew Energy
Inox Wind has secured a 51 MW order from Everrenew Energy for the supply of its latest 3 MW wind turbine generators (WTGs). The project, which will be executed in Tamil Nadu, also includes multi-year operations and maintenance (O&M) services provided by Inox Wind after commissioning. This partnership aims to support Everrenew Energy’s commitment to driving renewable energy adoption in the commercial and industrial (C&I) segment, aiding companies in their energy transition efforts.