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Nordic battery storage system market is heating up evidenced by this 38.5MWh utility scale battery to support the power grid. “BESS” is an acronym worth knowing - we are going to see an explosion of this category of project. Compared with other energy storage technologies, the advantage of BESS include - extremely rapid response times measured in milli seconds, - fast cycling between charging & discharging and - efficient incremental capacity increases. - close to zero maintenance cost leading to very low opex The weakness of BESS that it’s not suitable for seasonal storage (this is best served by pumped hydro) and the cost per MWh is still high - in the order of €200k/MWh. However the capex cost is coming down rapidly thanks to scaling of cell production, and thanks to this BESS is now viable in triple-A investment envirements like the Nordics. Weaker investment environments in central and southern Europe will follow and eventually reach EM as well. The future is renewables and storage!

Cubico Sustainable Investments Accelerates Renewable Energy Expansion in Mexico: Secures 2.2 GW Portfolio with Strategic Acquisitions In a significant development, Cubico Sustainable Investments has finalized two transactions aimed at bolstering its presence and development portfolio in Mexico. The acquisitions, which include the procurement of Renantis Mexico and a strategic partnership with Sowitec Group, mark a pivotal moment for the company as it surpasses a 1.6 GW capacity milestone in its Mexican ventures. This move underscores Cubico’s steadfast dedication to advancing renewable energy initiatives in the country. The acquisitions encompass a diverse array of at least 12 solar and hybrid projects spread across 7 states, each at different stages of development. With these additions, Cubico’s development portfolio […] Read the full story here: https://lnkd.in/dFEqPDqS #solarenergy #alternativeenergy #solarpv #pvsolar #photovoltaic #cleanenergy #cleantech #climatechange #middleeast #africa #india #asiapacific #asia #2.2gwportfolio #cubico #latinamerica #mexico #renewableenergy

£80m joint venture will help Bristol energy company fund new renewable energy 🤝⚡ Bristol-based energy investor Thrive Renewables has entered into a joint venture with TopCashback UK Sustainability Ltd to unlock up to £80 million in collaborative capital to be deployed over four years in new renewable energy projects. The joint venture will enable it to build new wind, solar and other renewable assets and support its ambitious growth plans to double our generation capacity over the next five years. The partnership will also allow TopCashback Sustainability to continue building its impact investment portfolio. This includes the likes of Highlands Rewilding – a project aimed at re-wilding and re-peopling the Scottish Highlands by increasing biodiversity, green jobs and more – and funds deposited with Tribe Impact Capital, a wealth manager which helps TopCashback make impact investments. Matthew Clayton, Managing Director at Thrive Renewables said... Continue reading... https://lnkd.in/exGQcmxK #finance #investing #deals #ventures #sustainability #renewableenergy #bristolnews #bristolhour #businessnews #businessintelligence

Energy transition remains a key theme of MyAsiaVC investments.

GREEN GENIUS, part of Modus Group, is set to receive up to €100 million in equity investment from the EBRD to support the company’s renewables expansion plans. The new investment will bolster Green Genius’ strategy to develop over 2 GW of renewable energy capacity across its target markets in the Baltics, Poland, Romania, and more. “Partnering with the EBRD not only supports the company’s climate action initiatives but also strengthens Green Genius’ governance, ESG, and supply chain management policies,” remarked Rokas Bancevičius, CFA, CFO of Green Genius. Tomas Kairys, the EBRD’s Head of the Baltic States, added: “This is a landmark transaction for the EBRD in the Baltic States, exemplifying our commitment to long-term partnerships and continued support for the region." The investment from the EBRD represents the bank’s largest equity commitment to a single company in the Baltic States. “Promoting renewable energy is central to EBRD objectives, and enhancing energy security remains a key priority for the Baltic States,” noted Grzegorz Zielinski, the EBRD’s Head of Energy Europe. “There is no better way to achieve these goals than by partnering with an existing client from our countries of operations, with whom we have successfully delivered numerous projects over the past decade." Green Genius aims to use the new funds to develop and acquire renewable energy projects across its targe markets. Green Genius has developed 2.7 GW of renewable energy projects across Europe and has completed 549 MW to date, including solar, wind, battery, and biomethane solutions. #cleanenergy

💡Oxygen Power, a Temasek-EQT environmental project, will be sold in India. ⏩People with knowledge of the situation claim that global investment behemoths EQT Group Capital and Temasek have made the decision to sell the renewable energy platform O2 Power in order to realize a profit on their five-year investment. ⏩A formal sale process has been initiated by @Barclays. We will reach out to international infrastructure funds and #energy firms. This occurs at the same time when over a dozen deals centered on renewable assets are being implemented in different phases of India. The Aditya Birla Group, Brookfield, and Macquarie Infrastructure are a few of the parties engaged. ⏩In order to launch O2 Power in 2019, Temasek, former Renew Power executives, and Swedish-origin EQT Infrastructure Partners partnered. Later, EQT Capital, the parent company of EQT #infrastructure , bought Baring Private Equity Asia to establish one of the biggest alternative asset managers globally, covering infrastructure, credit, and private equity. VP of Strategy Peeyush Mohit and COO Parag Sharma were among the former Renew Power leaders. ⏩EQT and Temasek, the sponsors, had invested $500 million as seed equity capital for 51% and 49% of the #investment , respectively. The founding team and senior management have various financial incentive plans. ⏩O2 Power now operates 1.8 GW of wind, solar, and commercial and industrial (C&I) plants; by March 2024, they will be ramped up to 2 GW. An additional 1.5 GW of capacity is anticipated to be installed during the upcoming fiscal year, with the goal of reaching 5GW by FY26. The business has already signed 3 GW of power purchase #agreements (PPAs). According to experts in the know, it is one of the three companies that completed a 1 GW greenfield capacity addition in 2023, along with Adani Green Energy Ltd. and Renew Power. Just $400 million of the $500 million committed has been spent so far. To share your startup story write us on - startup@viestories.com #profit #deal #infrastructure #investment #energy #agreements #capital

Xurya Daya Indonesia, an innovative startup leading the way in renewable energy with its no-cost rooftop solar power plant (PLTS) rental method, has secured a $55 million investment. This funding round was led by the Norwegian Climate Investment Fund, managed by Norfund. Stay informed with Endow Capital's Impact Investments newsletter: https://bit.ly/4eV3TB1 #EndowCapital #RenewableEnergy #SolarPower #Sustainability #ImpactInvesting #CleanEnergy #GreenTech #InvestmentNews

ECP (Energy Capital Partners) is in advanced discussions to acquire UK-based renewable energy developer Atlantica Sustainable Infrastructure Plc. The American private equity firm is finalising the terms of the potential acquisition, with a deal to be announced in spring or early summer 2024. Atlantica initiated a strategic review process aimed at enhancing shareholder value. Algonquin Power & Utilities Corp. is a significant stakeholder with 42% of the company. The outcome of the ongoing discussions remains uncertain, and there is a possibility that an agreement may not be reached, or that Atlantica could opt not to proceed. #MergersAcquisitionsDivestitures #PrivateEquity #Energy

Banca March Enhances Sustainability Co-Investment Strategy with €50m Commitment to Alantra Solar’s 1.8 GW Photovoltaic Project via March SolEnergy Banca March introduces March SolEnergy FCRE S.A., a new co-investment product developed in partnership with Alantra Solar, aiming to establish a diversified platform of 1.8 GW comprising over 40 photovoltaic plants in Spain and Italy, with a notable percentage featuring battery hybridization. The bank and its clients will contribute €50 million to the platform, aligning with their strategy of supporting companies dedicated to sustainable energy solutions. Participating through a European Venture Capital Fund (VCF), Banca March and its co-investor clients will join strategic investors Reichmuth Infrastructure and Amundi Energy Transition in the platform. These entities will invest in N-Sun Energy […] Read the full story here: https://lnkd.in/dY7aji6X #solarenergy #alternativeenergy #solarpv #pvsolar #photovoltaic #cleanenergy #cleantech #climatechange #middleeast #africa #india #asiapacific #asia #alantra #bancamarch #europe #marchsolenergy #sustainableenergy

Antora Energy, a California-based provider of zero-emissions industrial heat and power solutions, raised $150 million in a Series B financing round. The funding is aimed at accelerating the production of Antora’s thermal batteries, designed to decarbonize industrial facilities. The Series B financing round for Antora Energy was led by Decarbonization Partners, which is a venture capital and private equity partnership between BlackRock and Temasek. Other investors participating in the round included Emerson Collective, GS Futures, The Nature Conservancy, and NextEra Energy Resources. Additionally, existing investors Trust Ventures, Lowercarbon Capital, Breakthrough Energy Ventures, BHP Ventures, Overture VC, and Grok Ventures also participated in the funding round. #CleanEnergy #ZeroEmissions #IndustrialDecarbonization #RenewablePower #GreenTech #SeriesB #ClimateInvestment #SustainableTechnology #ThermalBatteries #NetZero