Samaiden Group has entered into a joint venture (JV) with PT MCS Bina Energi to expand its renewable energy operations in Indonesia. The venture, made through Samaiden SG Private Limited, a subsidiary of Samaiden Group, will focus on solar photovoltaic systems, power plants, and build-own-operate-transfer projects.
Samaiden holds a 70% stake in the JV, while MCS holds 30%. Samaiden will contribute technical expertise, while MCS will leverage its local business and regulatory knowledge.
Monarch Private Capital and Invenergy have secured nearly $170 million in tax equity financing for the 200 MW Samson Solar Energy Center II in Lamar County, Texas. Developed by Invenergy, the project will contribute over $27 million in taxes and funding to local schools and the county throughout its lifespan. The solar facility is expected to begin operations later in 2024 and is part of Invenergy’s larger 1,310 MW Samson Solar Energy Center, the largest…
Spanish utility company Iberdrola has acquired an 88% stake in Electricity North West (ENW) for an equity value of €2.5 billion ($2.7 billion), valuing the company, including its debt, at €5 billion. Since merging with ScottishPower in 2007, Iberdrola has viewed the UK as a key investment destination, investing €36 billion. ScottishPower is the UK’s only fully green integrated utility. The acquisition positions the UK at the forefront of Iberdrola’s markets by regulated asset base,…
Greencoat Renewables has acquired a 50% stake in the 80.5 MW South Meath solar farm in Ireland, partnering with Schroders Greencoat, which holds the remaining stake. An unnamed technology company has secured a long-term power purchase agreement (PPA) for the farm’s entire output. This acquisition, a key investment in Ireland’s renewable energy infrastructure, follows Greencoat’s recent purchase of a 22.5% share in Germany’s Butendiek offshore wind farm.
JSW Renew Energy Twenty, a stepdown subsidiary of JSW Energy, has signed a power purchase agreement (PPA) with Bangalore Electricity Supply Company (BESCOM) for 300 MW of solar capacity. This project, awarded by Karnataka Renewable Energy Development (KREDL), is set to supply power at a tariff of Rs 2.89/KWh until FY 2044. Located in Pavagada Solar Park, Karnataka, the project is expected to be commissioned within the next 18 months. JSW Energy’s current solar pipeline…
Pilot Energy has confirmed a non-binding A$11.5 million ($7.75 million) proposal from EDP Renewables APAC to acquire the 376 MW Three Springs solar photovoltaic power plant in Western Australia. The offer is structured in staged payments, with finalisation pending due diligence and an asset sale agreement by the end of 2024. Located 310 km north of Perth, the Three Springs solar project is a key component of Western Australia’s Mid-West Clean Energy Project, aimed at…
Octopus Energy Generation, in partnership with Skyborn Renewables, has been selected by the French government to participate in the ninth offshore wind tender. The winners are expected to be announced in late 2025. Skyborn Renewables brings over 20 years of offshore wind development experience, including the recent commissioning of the 500 MW Fécamp wind farm in partnership with EDF Renewables, Enbridge Inc., and Canada Pension Plan Investment Board (CPP Investments). Skyborn also has another offshore…
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