Benelux_Infrastructure_Forum_171
15 May 2017 2017 02:42 PM GMT

Engie Strengthens Solar Presence In China With 30% Equity Investment In UNISUN

ENGIE has signed in Shanghai an Agreement for a 30% equity investment through a capital increase in UNISUN, a solar photovoltaic (PV) company. Since 2014, UNISUN has successfully developed around 500 MW PV projects, showing strong technical capacity. During COP21, China pledged to peak its carbon emissions in 2030 or earlier; the country shall subsequently increase the share of non-fossil energy from 13% to 20% in its energy mix by then.

ENGIE, a global energy player with the ambition to be a leader of the energy transition, sees the contribution to Chinese renewable energy development as mutually beneficial; and sees its role in China as supporting the transformation of China into a low-carbon economy. The company is aiming to support UNISUN in the field of photovoltaic business’ development, ownership, operation, as well as smart energy management in China. Forecasting fast growing business, UNISUN is targeting a development of around 4 GW PV projects (cumulated capacity) by 2020 in China.

He Yisha, President of UNISUN, stated: “The investment by the energy giant ENGIE into UNISUN demonstrates that the innovative business model and comprehensive service capacity of UNISUN is highly recognised. ENGIE’s strong support, in terms of experience, technology and resources will lead to a comprehensive upgrading of UNISUN capacity to achieve its vision to be a competent, innovative and integrated energy provider”.

Charlotte Roule, COO of ENGIE China declared: “This investment into UNISUN, which develops both projects of production on wholesale electricity market and projects for BtoB clients, represents for ENGIE the opportunity to step in the world biggest and most promising renewable power market. It demonstrates once again the ambition of ENGIE to be a leader of the energy transition in the world”.

ENGIE develops its businesses (power, natural gas, energy services) around a model based on responsible growth to take on the major challenges of energy’s transition to a low-carbon economy: access to sustainable energy, climate-change mitigation and adaptation and the rational use of resources. The Group formerly known as GDF-Suez provides individuals, cities and businesses with highly efficient and innovative solutions largely based on its expertise in four key sectors: renewable energy, energy efficiency, liquefied natural gas and digital technology. ENGIE employs 153,090 people worldwide and achieved revenues of over €65 billion in 2016. The Group is listed on the Paris and Brussels stock exchanges (ENGI) and is represented in the main international indices: CAC 40, BEL 20, DJ Euro Stoxx 50, Euronext 100, FTSE Eurotop 100, MSCI Europe, DJSI World, DJSI Europe and Euronext Vigeo (World 120, Eurozone 120, Europe 120 and France 20).

August 9th 2017
IDFC Alternatives Fund Acquires Solar Projects Totaling 190MW From First Solar

India Infrastructure Fund II (IIF II), represented by its investment manager, IDFC Alternatives Limited, one of India’s largest alternatives fund managers, is to acquire seven operating solar projects owned and operated by the First Solar Group in the Indian states of Andhra Pradesh and Telangana aggregating to a capacity of 190 MW. All the projects utilise First Solar’s advanced CdTe (Cadmium Telluride) based thin film modules, one of the most environmentally friendly PV technologies, and sell the power generated to state utilities, under long term power purchase agreements. Aditya Aggarwal, Partner, IDFC Alternatives stated that “consistent with its stated strategy of aggregating operating renewable assets, IIF II is well on its way to achieving an installed base of 400-450 MW of operating renewable assets by the end of the current financial year.”

August 17th 2017
Siemens Gamesa Installs Asia’s Tallest Turbines, Whilst Stepping Up Integration

Siemens Gamesa has set a new record in Asia by installing this year the tallest wind turbines on the continent. The turbines are equipped with 153-metre tall towers, and with the 56-metre blades, they reach a total height of 210 metres. Presently, a major focus for the company is the integration of the entities of Siemens and Gamesa. This has the objective of realising the new company’s substantial potential, thanks to its bigger scale and global reach: a presence in more than 90 countries, an installed base of 75 GW, and an order book of €21bn.

August 14th 2017
Offshore Wind Drives 6.1 GW Of European Wind Installations In First Half Of 2017

6.1 GW of extra wind energy capacity was installed in Europe in the first half of 2017, according to figures released by WindEurope. The figure puts Europe on course for a bumper year for installations, although hides some worrying trends. WindEurope Chief Policy Officer, Pierre Tardieu, said: “We are on track for a good year in wind capacity installations but growth is driven by a handful of markets. At least ten EU countries have yet to install a single MW so far this year. Although this won’t translate into lower installations for another few years, the industry needs clarity on volumes for the post-2020 period to maintain the current cost reduction trend”.

August 9th 2017
35% Of German Electricity Consumption Now From Renewables: Grid Challenges Ahead

The Centre for Solar Energy and Hydrogen Research in Baden-Württemberg (ZSW) and the German Association of Energy and Water Industries (BDEW) have stated in an initial assessment that electricity generated from clean energy accounted for 35% of Germany’s consumption in 1H 2017. It’s the first time that this mark has been reached. The total share of electricity generated from renewables was up 2% from last year. The growth from onshore wind was 13.6%; offshore wind saw the steepest growth at 47.5%; growth from biomass increased by 2.2%, whilst the growth from PV systems was 13.5%, compared with the 1H 2016.