Asterion enters $2.8bn deal to acquire German utility STEAG
STEAG has two businesses, STEAG Power operating coal-fired power plants, and renewables-focused unit Iqony.
29 August 2023
29 August 2023
STEAG has two businesses, STEAG Power operating coal-fired power plants, and renewables-focused unit Iqony.
The Futtsu Power Plant comprises four groups and has a total capacity of 5.6GW.
Suzlon will supply 64 of its wind turbine generators with a rated capacity of 3.15MW each.
When completed, the solar plant will generate enough clean energy for 24,000 households.
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Countries in the APAC region should look to invest on upgrading grid infrastructure, energy storage systems, microgrids, and support mechanism for renewables to be able to achieve their climate goals. The growth trajectory of Europe cannot be implied in APAC since several countries were late entrants into the renewable market. APAC countries should look to weave their own roadmap towards achieving net zero emissions and leverage the large population into adopting renewable technology.
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