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Will ReNew Power Buy Ostro Energy?

ReNew Power Ventures Pvt. Ltd is close to acquiring Ostro Energy Pvt. Ltd, the company that holds the renewable energy assets of buyout firm Actis Capital, for an enterprise value of Rs10,000 crore, according to two people directly aware of the development. The final valuation has been agreed by both sides, the people said, requesting anonymity. “The equity portion of the transaction is close to Rs2,000 cro ...

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Vestas partners with CWP & IC Energy on Wind/Solar Hybrid Plant

Vestas and partners CWP Energy Asia and InterContinental Energy have announced plans to build a 6,000-megawatt wind and solar hybrid power plant in East Pilbara region, Western Australia. The project, known as Asian Renewable Energy Hub (AREH), will feature 4,000 MW of wind and 2,000 MW of solar generation. It also includes two subsea power cables from Australia to Jakarta, Indonesia and Singapore. The proj ...

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Vestas Backing Asian Super Hub

Vestas is part of team planning to develop an up to 6GW wind and solar hybrid plant in Australia that would export electricity to Indonesia via an undersea cable. The Asian Renewable Energy Hub (AREH), which is proposed for Western Australia’s East Pilbara region, is being developed by the Danish company, CWP Energy Asia and InterContinental Energy. The partners said onshore and offshore development studies ...

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Vestas Expands APAC Leadership Team

Company Expands Leadership Team and Aligns Organization for Increased Growth Vestas Australia, the only global energy company dedicated exclusively to wind energy – today announced the appointment of Peter Cowling as Country Head /VP, Sales Australia and New Zealand. Vestas’ ANZ footprint reflects the company’s track record, ambition and growth. Vestas in Australia already has a 2,931 MW installed base and ...

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Nexif Energy Moves forward with Lincoln Gap Wind Farm

Nexif Energy, an independent power producer in Australia and Southeast Asia, has announced that it has reached financial close for the first stage of the Lincoln Gap Wind Farm in Australia. “As a new, independent participant to the Australian market, we are excited to implement an innovative contracting strategy that will not only provide renewable power to thousands of Australian homes but also optimise th ...

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Enercons New Taiwan Office

An initial team of 10 people is due to grow to 30 in the coming years, adding to the 70 technicians already working in the service stations in the Asia-Pacific region, the company said. Since 2001, Enercon has installed more than 217 turbines totalling over 440MW in Taiwan, and has a market share of nearly 70%, it added. Enercon will manage all its Asian activities from the Taipei branch to "ensure a higher ...

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Ayala Complete Indonesian Wind Project

PT UPC Sidrap Bayu Energi, a special purpose company led by the energy unit of Ayala Corp., expects its $150-million, 75-megawatt wind project in Indonesia to start commercial operations in the first quarter of 2018. AC Energy Holdings Inc. said in a statement the wind project was “nearing 70-percent completion.” The group “has started the installation of 30 Gamesa G114 2.5-MW wind turbine generators since ...

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Can Floating Wind Turbines Power The World?

In the search for alternative energies, wind turbines have presented as a possible replacement for fossil fuels. Now researchers from the Carnegie Institute for Science have published research suggesting that offshore wind turbines might be able to create enough energy to provide “civilization-scale power.” The research article, by Anna Possner and Ken Caldeira, was published by the Proceedings of the Natio ...

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Vestas Announces Flurry of Turbine Orders

Vestas Wind Systems A/S announced a flurry of wind turbine orders to mark the end of the third quarter last week, with orders from the United States, India, Europe, and Latin America totaling 463 megawatts. Danish wind turbine manufacturer Vestas Wind Systems A/S announced on September 29, the last business day of the third quarter, eight separate wind turbine orders that amounted to 463 MW (megawatts), inc ...

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Engie & Abraaj Partner to build Indian Wind Farm

French energy firm Engie SA and Dubai’s private equity firm Abraaj Group on Wednesday announced a partnership to build a wind power platform in India. “Together, Abraaj and Engie have identified a robust pipeline of wind power projects representing over 1 GW (gigawatt) in several key states,” the companies said in a joint statement. Foreign investments are crucial for India’s renewable energy industry as th ...

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