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September 1, 2016

Deals this week: KEPCO, BBOXX, Kerala State Electricity Board, and Southern Power Company

Korea Electric Power Corporation (KEPCO) has signed a memorandum of understanding with Carlyle Group to acquire its subsidiary Cogentrix Energy Power Management for approximately $30m.

Korea Electric Power Corporation (KEPCO) has signed a memorandum of understanding with Carlyle Group to acquire its subsidiary Cogentrix Energy Power Management for approximately $30m.

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Delve into the renewable energy prospects for Morocco

In its new low greenhouse gas (GHG) emission strategy to 2050, submitted to the United Nations (UN), the Ministry of Energy Transition and Sustainable Development (MEM) of Morocco suggested to raise the share of renewable capacity in the country’s total power installed capacity mix to 80%.   Morocco currently aims to increase the share of renewables in total power capacity to 52% by 2030. The new strategy plans to increase the share of renewable capacity to 70% by 2040 and 80% by 2050.  GlobalData’s expert analysis delves into the current state and potential growth of the renewable energy market in Morocco. We cover: 
  • The 2020 target compared to what was achieved 
  • The 2030 target and current progress 
  • Energy strategy to 2050 
  • Green hydrogen 
  • Predictions for the way forward  
Download the full report to align your strategies for success and get ahead of the competition.   
by GlobalData
Enter your details here to receive your free Report.

The deal will provide KEPCO ownership rights to the 30MW Alamosa solar generating plant in the San Luis Valley in Colorado, US. The plant is expected to start operations in October 2016.

BBOXX has closed its $20m Series C venture financing round through contributions from co-investors MacKinnon, Bennett & Company (MKB), ENGIE Rassembleurs d'Energies, and KawiSafi Ventures, as well as existing investors Khosla Impact Fund, Bamboo Finance, and DOEN Foundation.

Proceeds will be used to expand BBOXX's markets in Kenya and Rwanda and to create three new franchises in Cameroon, the Ivory Coast, and Nigeria.

Kerala State Electricity Board has signed a joint venture (JV) agreement with the Solar Energy Corporation of India (SECI) to develop the 200MW Kasargod solarpower project in Ambalathara, Kerala.

The 50MW Phase I of the project is scheduled for commissioning in December 2016.

Southern Power Company has completed an acquisition of the 147MW Great Plains windfarm from Apex Clean Energy.

Apex is managing construction work and will provide operation and maintenance services when the facility comes online in December 2016.

A subsidiary of Infrastructure and Energy Alternatives, IEA Renewable Energy is serving as the engineering, procurement, and construction (EPC) contractor for the project, which is expected to serve approximately 50,000 US homes.

Daesung Heat Pump and SOLIDPower have formed a partnership to co-develop next-generation solid oxide fuel cell systems.

The partners will initially co-develop and distribute 10kW SOFC system fuel cells in Korea.

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Free Report
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Delve into the renewable energy prospects for Morocco

In its new low greenhouse gas (GHG) emission strategy to 2050, submitted to the United Nations (UN), the Ministry of Energy Transition and Sustainable Development (MEM) of Morocco suggested to raise the share of renewable capacity in the country’s total power installed capacity mix to 80%.   Morocco currently aims to increase the share of renewables in total power capacity to 52% by 2030. The new strategy plans to increase the share of renewable capacity to 70% by 2040 and 80% by 2050.  GlobalData’s expert analysis delves into the current state and potential growth of the renewable energy market in Morocco. We cover: 
  • The 2020 target compared to what was achieved 
  • The 2030 target and current progress 
  • Energy strategy to 2050 
  • Green hydrogen 
  • Predictions for the way forward  
Download the full report to align your strategies for success and get ahead of the competition.   
by GlobalData
Enter your details here to receive your free Report.

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