Renewables

The fund manager scaled back its final close ambitions from A$1bn due to the coronavirus pandemic.

The joint venture will see the Danish fund manager expand its footprint in Asia.

The four plants the Singapore-based developer intends to build are part of its plan to invest $2bn in infrastructure in Asia-Pacific over the next two years.

The firm has acquired the second stage of the Murra Warra wind farm project from RES and Macquarie Capital's GIG after buying the first stage of the project in 2018.

Japan will designate one or more promotion areas for offshore wind energy each year as it aims to derive 1.7% of its energy from the sector by 2030.

The region’s market ‘offers the most growth potential’, chief executive Werner von Guionneau tells us.

The deal marks the first time a stake in TransGrid has been sold since it was privatised in 2015 on a 99-year lease for A$10.3bn.

As the world shifts away from carbon-heavy energy sources, the networks being built today for natural gas could one day support hydrogen, according to panellists at the Global Offsite.

Despite a decline in power demand, renewables have ‘a very bright future’ without needing subsidies to fuel their growth, panellists agreed during the keynote session that kicked off Day 2 of our first virtual conference.

The UK oil major’s investment brings GGEF’s total to date to $410m, more than halfway towards its $700m target.