ENGIE and Edelweiss Infrastructure Yield Plus (EIYP) announce today a strategic partnership for solar assets in India. In line with both ENGIE’s and EIYP’s strategies, ENGIE has agreed to sell (once the transaction has closed in accordance with its terms) a 74% stake in 12 solar assets aggregating 813 MWp of operating capacity collectively to EIYP […]
Engie is expecting half of its new renewable energy projects in 2019-2021 from power purchase agreements (PPAs) with companies or municipalities. Reuters reports that as costs and subsidy levels for wind and solar drop, a growing number of government renewable energy projects are being awarded through competitive bidding. Engie and other renewable energy developers are […]
ENGIE expanded its decentralized energy offering in Africa through the acquisition of Mobisol, a off-grid solar solution provider. Mobisol has operations in Tanzania, Rwanda, and Kenya and has installed more than 150,000 solar home systems, providing clean and reliable energy to over 750,000 people in Sub-Saharan Africa. With the acquisition of Mobisol, ENGIE will be […]
Actis is reportedly looking to acquire Engie’s solar power business in India. According to the Mint, Engie has hired Rothschild & Co to help find a buyer for its Indian solar power portfolio. If finalised the deal would be one of the biggest acquisitions in the renewable energy segment. Recently the London-based private equity firm […]
ENGIE on Tuesday announced that it has acquired a controlling stake in Simpa Energy India Pvt Ltd and is investing to fund geographic expansion and accelerate growth. The move reinforces ENGIE’s commitment to decentralized renewable energy solutions globally and supports India’s rapid transition to clean power. Simpa Energy India is the leading rural rooftop solar […]
ENGIE and STOA has partnered to build a wind platform in India (the “Platform”), through a Joint-Venture detained 50/50 by the two entities. The Joint Venture Agreement was signed by STOA’s CEO, Charles-Henri Malecot, and ENGIE Directors. The Platform has a goal of setting up over 2 GW of wind energy capacity over the next […]
ENGIE Storage named Christopher Tilley as Chief Executive Officer. Chris comes to ENGIE Storage with 20 years of experience leading early stage high growth companies and deep experience in the energy industry. He succeeds Founder Vic Shao who will remain with the company as chairman and will lead international energy storage business development efforts on […]
Deal Considerably Expands ENGIE’s Wind Development Portfolio and Team in the U.S. ENGIE North America announced that it has acquired Infinity Renewables, a leading developer of utility-scale wind projects in the United States. The acquisition includes more than 8,000 MW of projects in various stages of development. Headquartered in Santa Barbara, California, Infinity Renewables’ experienced […]
Ecoppia’s fully automated solar panel cleaning solution is on track to clean over 1GW of panels in the cutting edge Bhadla solar park by year end Ecoppia, the world-leading developer of robotic, water-free photovoltaic solar panel cleaning solutions, announced today the completion of deployment of hundreds of its automated systems in the 2,255 MW Bhadla Solar Park in Jodhpur, […]
Adani Group has been named in the top 15 global utility solar power developers that includes likes of First Solar, Total, SunEdison and Engie. Adani, ranked 12th, is the only Indian company on the list put out by Greentech Media, a Wood Mackenzie business. “We have only included companies that are active in developing projects […]
