Monday, November 25, 2024
Shell extends renewable energy commitment with Savion acquisition- oil and gas 360

Shell extends renewable energy commitment with Savion acquisition

World Oil Shell New Energies US, a subsidiary of Royal Dutch Shell, has signed an agreement to buy 100% of Savion LLC (Savion), a large utility-scale solar and energy storage developer in the United States, from Macquarie’s Green Investment Group. With this acquisition, Shell expects to significantly expand its global solar portfolio. “Savion’s significant asset pipeline, highly experienced team, and

Macquarie taps renewables trend with $2 billion infrastructure fund- oil and gas 360

Macquarie taps renewables trend with $2 billion infrastructure fund

Reuters LONDON – Macquarie, the world’s largest infrastructure investor, has raised 1.6 billion euros ($1.93 billion) for its second global renewables fund, driven by strong demand from institutional investors in Britain and Germany. Countries and companies are seeking to increase their usage of renewable energy to lower carbon emissions and fight climate change. At the same time, record low interest

Macquarie, Siemens units create U.S. distributed energy joint venture- oil and gas 360

Macquarie, Siemens units create U.S. distributed energy joint venture

Reuters NEW YORK – Units of Macquarie Group MQG.AX and Siemens AG SIEGn.DE are forming a venture named Calibrant Energy, that will invest in the emerging energy-as-a-service (EaaS) sector in the United States, according to a joint statement on Monday. Electricity generation is forecast to increasingly move away from traditional structures involving large fossil fuel-burning power plants, towards localized systems using renewable energy