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Australian gas-fired power output down 41% in Q1

Australian gas-fired power output down 41% in Q1
Australia s gas-fired power generation dropped 41% year/year in the three months ending March 31 (Q1) to 1.12 GW owing to high gas prices and increased renewable energy demand, the Australian Energy Market Operator (AEMO) said in its quarterly report published on April 28.
“Few periods of extreme heat, combined with low NEM [National Electricity Market] price volatility, and increased renewable energy output resulted in diminished demand for gas-powered generation, representing the lowest quarter since 2005,” AEMO said
Spot wholesale power prices fell to the lowest Q1 levels since 2012. The largest price reductions occurred in Victoria, falling from A$79 ($61.5)/MWh in Q1 2020 to $25/MWh in Q1 2021. ....

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ReNew Power, India's leading renewable energy company, to publicly list through business combination with RMG Acquisition Corporation II in $8 billion transaction

ReNew Power, India’s leading renewable energy company, to publicly list through business combination with RMG Acquisition Corporation II in $8 billion transaction
26th February 2021
ANTARA/Business Wire
• ReNew Power, India’s leading renewable energy company, has entered into a definitive business combination agreement with RMG Acquisition Corporation II (“RMG II”); upon closing, the combined entity is expected to be listed on the NASDAQ under the new ticker symbol “RNW”
• Pro forma consolidated & fully diluted enterprise value of approximately $8 billion; transaction expected to close in the second quarter of 2021, subject to customary closing conditions
• Total anticipated proceeds of $1.2 billion, comprised of $855 million, upsized, fully-committed private placement of common stock in ReNew Power (the “PIPE”) and $345 million of gross cash held in trust by RMG II, subject to redemptions; anticipated net primary proceeds of approximat ....

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ReNew Power, India's Leading Renewable Energy Company, to Publicly List through Business Combination with RMG Acquisition Corporation II in $8 Billion Transaction

RMG Acquisition Corporation II
ReNew Power, India’s Leading Renewable Energy Company, to Publicly List through Business Combination with RMG Acquisition Corporation II in $8 Billion Transaction
Wednesday, February 24, 2021 6:44PM IST (1:14PM GMT)

New York, United States & New Delhi, India:

ReNew Power, India’s leading renewable energy company, has entered into a definitive business combination agreement with RMG Acquisition Corporation II (“RMG II”); upon closing, the combined entity is expected to be listed on the NASDAQ under the new ticker symbol “RNW”
Pro forma consolidated & fully diluted enterprise value of approximately $8 billion; transaction expected to close in the second quarter of 2021, subject to customary closing conditions ....

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Algeria Renewable Energy Market In-deep Analysis And Experts Review Report 2021-2025 – KSU

tanmayJanuary 28, 2021
The report titled “
Algeria Renewable Energy Market” report will be very useful to get a stronger and effective business outlook. It provides an in-depth analysis of different attributes of industries such as trends, SWOT analysis, policies, and clients operating in several regions. The qualitative and quantitative analysis techniques have been used by analysts to provide accurate and applicable data to the readers, business owners, and industry experts.
The Algeria renewable energy market is expected to grow at a CAGR of over 1q% during the forecast period of 2020-2025.
Factors such as diversifying the economy of the country and decreasing the dependence on the oil and gas sector are expected to drive the renewable energy market in Algeria. Moreover, diversification of energy mix offers multiple benefits, including job creation and energy security, which is further promulgating the renewable energy market in the country. However, factors ....

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