Private equity firms Eurazeo and Infravia are launching an auction for Reden in a deal that could value the French solar group at up to 2 billion euros ($2.4 billion), three sources familiar with the matter told Reuters.
5 Min Read
BARCELONA (Thomson Reuters Foundation) - Investment in clean energy in emerging and developing economies needs to rise by more than seven times, topping $1 trillion per year by 2030, to put the world on track for net-zero emissions by 2050, the International Energy Agency (IEA) said on Wednesday.
In a report carried out with the World Bank and the World Economic Forum, the IEA said that, without far stronger action, energy-related carbon dioxide emissions from those economies – mostly in Asia, Africa and Latin America – would grow by 5 billion tonnes over the next two decades.
By contrast, carbon emissions are projected to fall by 2 billion tonnes in advanced economies and plateau in China.
By Reuters Staff
2 Min Read
AMSTERDAM, May 31 (Reuters) - The use of renewable energy in the Netherlands increased by almost a fifth last year but still fell short of European standards, the Dutch national statistics office said on Monday.
Solar, wind, biomass and other sustainable sources together delivered 11.1% of all energy used in the Netherlands last year, up from 8.8% in 2019 but missing the European goal of at least 14% set for 2020.
The shortfall has forced the Netherlands to buy around 16 terawatt hours of sustainable energy from Denmark in a deal which the Dutch Finance ministry last year said would cost around 200 million euros ($244 million).
By Reuters Staff
(Corrects members of consortium)
KINSHASA (Reuters) -Democratic Republic of Congo on Thursday signed a $100 million solar-hybrid power deal with a consortium led by Gridworks, to provide electricity to half a million people across three cities that have no grid connection.
Solar-hybrid systems combine solar power with another electricity generating energy source. For this 22-year concession, the back up power source will be diesel, Gridworks said.
Less than 10% of Congo’s roughly 90 million people have reliable access to electricity.
The consortium is led by Gridworks, which is owned and financed by the British development finance institution CDC Group, and includes French utility company Eranove and Spanish power developer AEE Power.