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Trafigura continued to build its presence in the fast-evolving power and carbon markets and to invest in new clean energy technologies.

New York state looks set to meet its new 2030 target of 6GW of storage deployment, with its storage interconnection queue growing 50% to 12GW.

By Reuters Staff 2 Min Read FILE PHOTO: Trafigura logo is pictured in the company entrance in Geneva, Switzerland March 11, 2012. REUTERS/Denis Balibouse/File Photo/File Photo LONDON (Reuters) - Trafigura’s joint venture Nala Resources and Buckeye Partners have bought a majority stake in Boston-based Swift Current Energy, Nala said in a statement on Wednesday. Swift has commercialised 1.1 gigawatts (GW) of renewable projects since it was founded in 2016. The firm has a 6 GW pipeline of solar, wind and storage projects in the United States. “This investment reflects Nala Renewables’ ambi...

IFM consortium swoops on US renewables firm Save Share IFM Investors has teamed up with global commodities trader Trafigura to acquire a majority stake in a North American renewables player, marking another push by the heavyweight fund into low-carbon investments. The consortium will take an 85 per cent stake in the Boston-based Swift Current Energy, which has developed a gigawatt of renewable projects since it was established in 2016 and has a 6GW pipeline of solar, wind energy and energy storage projects. IFM Investors chief executive David Neal says the partnership supports the ongoing ene...

Buckeye Partners and Nala Renewables are to acquire majority ownership of North American clean energy development and investment platform Swift Current Energy. The transaction will enable Swift Current to accelerate its growth plans and allow Buckeye and Nala Renewables to invest in a renewable energy platform that aligns with their business priorities while further participating in the energy transition. Boston-based Swift Current has commercialised more than 1.1GW of renewable projects since its founding in 2016. Swift Current has a pipeline of over 6GW of solar, wind, and energy storage p...