The power industry briefing
The latest news, trends, and data you need to know about this month
News in Numbers
$4.37bn
The US Bureau of Ocean Management has received almost $4.5bn from sale of offshore wind leases
49.9%
Energie Baden-Württemberg is considering divesting its 49.9% stake in TransnetBW
$5.40
AGL Energy rejected Brookfield Consortium takeover bid, offering $5.40 per share for a 100% stake
250MW
Enfinity Global has acquired a 250MW solar PV portfolio in Japan, worth around $1bn
2025
AMPYR Solar Europe plans to bring more than 2GW of solar power capacity into operation in Europe by 2025
Project updates
US-based renewable energy company Pattern Energy Group has officially opened its Western Spirit Wind power portfolio in New Mexico. The opening comes more than a month after the company completed operations at the power projects.
Spanish renewable energy firm EDP Renewables has acquired a 91% stake in Singapore-based solar company Sunseap for $813m. The deal was first announced in November last year and closed after all pending regulatory conditions were met.
Sweden-based renewable project developer OX2 has submitted a permit application to build a 1.8GW offshore wind farm off the coast of Skåne in the south of Sweden. The company filed the application under the act of Sweden’s Exclusive Economic Zone.
Copenhagen Infrastructure Partners, on behalf of its Copenhagen Infrastructure IV K/S fund, has partnered with Bute Energy to deliver onshore wind and solar projects in Wales. As part of the partnership, Copenhagen Infrastructure will invest in Bute’s renewable energy projects in Wales.
Further reading
Germany includes plug-in hybrids to achieve target of 15 million EVs by 2030
Germany has pledged that it will become carbon neutral by 2045. The country has set preliminary targets of cutting emissions by at least 65% by 2030, compared to 1990 levels, and 88% by 2040.
The transportation sector accounts for 20% of total emissions in the country. Increase in number of electric vehicles (EVs) on roads is important for the country to achieve these targets.
In 2021, the country ranked third in the total number of EV sales, after China and the US. It contributed around 11% to global EV sales. The country reported a 73% jump in EV sales in 2021 on a year-on-year basis.
Read more: Power Technology
