One of the world's first energy storage investment funds is looking to raise £100 million in an initial public offering on the London Stock Exchange.
Gore Street Capital, a private equity firm based in the United Kingdom
"The investment sits at the intersection of two big macro themes: the challenges faced by the grid in terms of decommissioning fossil fuels and nuclear and the rise of renewable power which is intermittent; and the rise of electric vehicles," the company's founder Alex O'Cinneide said in an interview with City A.M.
The U.K. has seen energy storage take off as costs continue to fall and the government moves forward with plans to invest £246 million in batteries, according to The Telegraph; one of the region's biggest storage projects, a 50MWh facility in Swindon, was recently approved by local authorities.
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Vestas Wind Systems A/S is building a wind turbine hub and nacelle factory in Argentina
Argentina's energy minister Juan José Aranguren said that Vestas' manufacturing expansion in the country shows that the country is "on the right path, providing investors with the confidence and trust needed to invest in our green transition." The country launched an energy reform program back in 2015 with a goal to procure 20% of its electricity from renewable sources by 2020.
Argentina has been an important emerging market for Vestas; in 2017, Argentina and Mexico
Ørsted A/S is preparing to invest $13 billion in four offshore wind projects with a combined 2,400 MW in capacity in Taiwan. According to WindPower Offshore, the company's CFO Marianne Wiinholt has been meeting with local investors to finalize the developer's financial strategy.
Ørsted would provide capital to complement debt capital from local banks and financial institutions. "We are very committed to the Taiwanese offshore wind market and are interested in engaging in long-term partnerships with local companies," Wiinholt said.
During the company's Feb. 1 earnings call, CEO Henrik Poulsen said that he and his team hope to have a power purchase agreement and permits by 2019 for the Taiwanese projects and reach a final investment decision in 2020.
Elsewhere
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