EnCap Energy Transition’s Post

Australia’s Clean Energy Council has signaled that Q1 2024 saw signs of recovery for the nation’s renewable energy generation sector but warned that investment levels must radically increase to achieve 2030 decarbonisation targets. #energystorage

Western Australia’s energy manufacturing sector will receive a significant boost with a $26.4 million investment by the state government, aimed at driving local jobs. The investment will focus on locally-built clean energy components, including Standalone Power Systems (SPS) and wind turbine manufacturing.

"Solar energy and energy storage developer Recurrent Energy, a subsidiary of Canadian Solar Inc., announced today a $500 million commitment from BlackRock, with proceeds from the investment aimed at growing the company’s global renewable energy platform. BlackRock’s $500 million preferred equity investment commitment, convertible into common equity, represents 20% of the outstanding fully diluted shares of Recurrent Energy on an as-converted basis. Founded in 2006, Texas-based Recurrent Energy is a subsidiary of Canadian Solar Inc., is a global developer and owner of solar and energy storage assets, with 9 GWp of solar and 3 GWh of battery storage projects completed to date globally. The company also operates a power services business that manages more than 3.7 GW of operational projects under long-term operations and maintenance (O&M) agreements, with an additional 2.3 GW of contracted projects that will be operated and maintained by Recurrent Energy once they are operational. According to the company, the new investment will provide Recurrent Energy with additional capital to grow its project development pipeline while executing its strategy to transition from a pure developer to a developer plus long-term owner and operator in select markets including the U.S. and Europe, providing a more diversified portfolio and more stable long-term revenue in low-risk currencies, while enabling the company to create and retain greater value in its own project development pipeline."... ESG TODAY https://lnkd.in/eVTx5uYK

How can investors navigate the energy transition? Investing in both traditional and renewable energy may be crucial to navigating the ups and downs of the #energytransition, as well as securing energy stability, reliability and cost-effectiveness. Learn more: https://okt.to/earpVI

🚀 Positive Signs for Australia’s Renewable Energy Sector! The Clean Energy Council's Q1 2024 report highlights a rebound in Australia's renewable energy generation, with 895MW of capacity reaching financial commitment—the best quarter since 2022! 🌱💡 Kane Thornton, CEO, emphasizes "encouraging signs" and landmark Federal government commitments that are paving the way for a robust renewable future. With 121 projects under construction or financially committed, representing 12.3GW of generation and 8.4GW/18.8GWh of storage, the sector is moving towards recovery. Investment in energy storage remains strong, with over AU$1 billion secured for the fourth consecutive quarter. Major projects include the 300MW/650MWh Mortlake Battery and the 500MW/2,000MWh Collie Battery. #RenewableEnergy #Sustainability #Australia #EnergyStorage #Investment #FutureOfEnergy

Societe Generale stands as the most influential lead arranger in clean energy financing, leading Clean Energy Pipeline’s ranking system with an Influence Factor (IF) score of 17.32, according to the latest Top Clean Energy Lead Arrangers report. The bank has established a dominant presence in Europe, particularly in France, Germany, and the UK, while also making significant strides in emerging markets across Africa and Asia. Societe Generale has played a pivotal role in financing a broad spectrum of clean energy projects, including large-scale offshore and onshore wind farms, solar photovoltaic (PV) plants, and advanced energy storage solutions. Societe Generale ranked as the Second Most Active Lead Arranger after its participation on 39 deals and was positioned as the Third Highest Lead Arranger by Total Deal Value ($3.7 billion). The European Investment Bank (EIB) secured an IF score of 15.81 and continues to be a powerhouse in clean energy financing across Europe. The EIB ranked as the Top Lead Arranger by Deal Value after being featured on over $13 billion of deals and was the Third Most Active Lead Arranger by total number of deals (38). The EIB has been instrumental in financing a wide array of clean energy projects, including large-scale offshore wind farms in the North Sea and extensive solar PV portfolios in Europe, as well as in more international markets. As a result, the EIB has been named as the Second Most Influential Lead Arranger in Clean Energy. Santander achieved an IF score of 11.18 in Clean Energy Pipeline’s ranking system due to its participation across a diverse set of renewable financing deals, coming in as the Third Most Influential Lead Arranger in Clean Energy. Santander is a significant force in the clean energy sector, particularly in Europe and the Americas, and carries an impressive deal sheet of financing transactions across broad array of renewable energy projects, including wind, large-scale solar PV installations, energy storage, EV charging infrastructure projects, and more. Santander was the Fourth Highest Ranked Lead Arranger by Clean Energy Pipeline in terms of Total Deal Value, with a cumulative value of $3.7 billion, and the Fourth Most Active by Total Number of Deals (33). With an IF score of 9.91, Sumitomo Mitsui Banking Corporation – SMBC Group has established a strong position in the global clean energy financing market through its support on several high-ticket deals. SMBC is a key player not just in the Asian clean energy market but across various international markets in Europe and the Americas, where it has put together an impressive resume of renewable financing deals. SMBC placed Fifth in Clean Energy Pipeline’s List of Top Clean Energy Lead Arrangers by both Deal Value ($3.6 billion) and Number of Deals (28) in 2023. SMBC ranks as the Fourth Most Influential Lead Arranger in Clean Energy. Please visit Clean Energy Pipeline to download the report in full today. #cleanenergy

Exciting news for the energy sector! New York is doubling down on its commitment to long-duration energy storage with a new $5 million funding initiative. This investment aims to propel the development and deployment of cutting-edge storage technologies, crucial for enhancing grid reliability and supporting the state's ambitious renewable energy goals. Long-duration energy storage is key to integrating more renewable energy sources, reducing greenhouse gas emissions, and ensuring a stable and reliable power supply. This funding will support projects that could transform the energy landscape, paving the way for a cleaner and greener future 💚 🔋 #RenewableEnergy #EnergyStorage #Sustainability #Innovation #CleanEnergy #NewYork #LongDurationStorage #GreenFuture #GridReliability

Utilities Announce Joint Intent to Invest more than US$116bn Annually in Grids and Renewables A coalition of major utility companies announced plans to invest over $116 billion annually in clean energy and grid infrastructure. This initiative, led by the Utilities for Net Zero Alliance, aims to scale renewable energy by 2.6 times by 2030 and modernize power grids. Key challenges include supply chain bottlenecks for essential materials, and the Alliance urges policymakers to streamline standards and approvals. The goal is to meet global targets for renewable energy expansion and net-zero emissions. https://lnkd.in/eFp-gggV

Clean Energy Council has today published it's Leading Principles: First Nations and Renewable Energy Projects, which adopts and 'operationalises' the First Nations Clean Energy Network Best Practice Principles for Clean Energy Projects, providing minimum and best practice guidance for industry. https://lnkd.in/gsBasmY6

According to a new report from the International Energy Agency (IEA), global investment in clean energy technologies and infrastructure is set to nearly double the expected investment in fossil fuels this year, reaching $2 trillion. At Enerzix, we’re celebrating this transformative milestone and the rapid pace of investment. Matching and complementing these decarbonization efforts, Enerzix is on a mission to drive the global energy sector toward a sustainable future with innovative solutions. We support this mission by pioneering cutting-edge technologies to enhance efficiency across diverse sectors - from conventional and renewable energy generation to power transmission, distribution, infrastructure, and digital integration.