06 January 2025
06 January 2025
The UK introduced a 25% windfall tax in 2022 under the last Conservative government, which increased to 35%, then to 38% last year under the current Labour government.
The move aligns with Guam's plans to generate 50% of its electricity from renewable energy sources by 2035 and 100% by 2045.
The European Commission's (EC) analysis concluded that the acquisition would not lead to competition concerns.
The auction aimed to select developers for 2GW of Inter-State Transmission System (ISTS)-connected solar photovoltaic (PV) projects in India.
The facility is strategically positioned on a greenfield site and is described as the "largest single" H-class combined cycle gas turbine (CCGT) in Singapore.
AmerCable will become part of Mattr's connection technologies segment.
The deal launches the company's Middle East entry, supporting UAE's zero-emission Energy Strategy 2050.
The transaction includes a £15m ($18.8m) working capital loan to support Ethical Power's growth.
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