Start-up Rated Power is the big winner of EDP Open Innovation

At the end of the programme, the three finalists will be chosen at the Web Summit – Rated Power joins Cosol and Invoice Capture The final of the EDP Open Innovation Programme was held yesterday in Central Tejo, which elected Rated Power as the big winner from amongst 14 start-ups. In addition to Rated Power, two other companies were selected to attend the Web Summit. EDP Open Innovation is a start-ups acceleration program, which aims to support technology-driven entrepreneurship with a focus on energy and its multiple variants, including big data, internet of things (IoT), machine learning, data analytics. Last year, it extended its universe of operation to Brazil and

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Vattenfall expands UK business by establishing network operations – Vattenfall Networks Ltd

Leading European energy group Vattenfall has formed a new unit to own and operate electricity networks in Great Britain – Vattenfall Networks Ltd. Operations are expected to start in 2018 further expanding Vattenfall’s investment in the UK electricity market where Vattenfall today is one of the biggest producers of wind power. Vattenfall Networks operating licence was granted 1 November, by British energy regulator Ofgem and marks a first step for Vattenfall to establishing smart, independent electrical distribution network operations in Great Britain. “This is an another important step for Vattenfall in the UK which is an interesting market where we see good opportunities to further grow with our climate smart

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Iberdrola crosses 2,000 MW threshold for renewables in the United Kingdom

Following the completion of a £650 million investment programme to build eight new onshore wind farms, Iberdrola, through its subsidiary ScottishPower Renewables, has now passed the 2,000 megawatt (MW) milestone for UK wind power capacity. In just over 18 months we put over 470 MW of wind power online, enough to supply more than 280,000 homes with the substantial environmental and financial benefits for the United Kingdom. Iberdrola’s subsidiary has called for politicians and regulators to support the future development of onshore wind in Scotland – one of cheapest forms of green energy – citing the need to hit carbon reduction targets and support the anticipated increase in demand to charge electric vehicles. Studies made

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La Esperanza and Marchigüe Solar Project Acquisition

Eurus Energy America Corporation (“Eurus”) and Grenergy Renovables, S.A. (“Grenergy”) are pleased to announce the acquisition by Eurus of Grenergy’s 100% ownership interests in the La Esperanza and Marchigüe Solar Projects. Each project comprises a 9MWac solar power facility, with a combined total peak power of 20.68 MWdc, and were developed and built by Grenergy. The La Esperanza and Marchigüe projects, located southwest of Santiago, Chile, in the O’Higgins Region, use Canadian Solar panels, Ingeteam inverters and Clavijo trackers. The projects began delivering carbon-free electricity in early 2017 and are among the first non-recourse project financed distributed generation projects selling energy under the Stabilized Pricing program in Chile. Grenergy will continue

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ACCIONA launches Spain’s first corporate accelerator for infrastructure and renewable energy startups

This is the first initiative of the I’MNOVATION platform, which agglutinates the company’s innovation work by combining its R&D staff and facilities with an openness to disruptive technologies developed by startups and technology partners. The I’MNOVATION #Startups programme entails extending the company’s innovative approach towards an open innovation model with the goal of being a leading player in the industries in which it is involved while cementing its lead in R&D and innovation (RDI), an area in which it spent 194 million euros in 2016. The selected startups will develop pilot projects funded by ACCIONA to validate their technology and solutions in real-world settings ACCIONA has created Spain’s first corporate

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EDP Renováveis and ENGIE consortium is awarded long-term CfD for 950 MW in UK

EDP Renováveis and ENGIE consortium is awarded long-term CfD for 950 MW offshore wind project in UK EDP Renováveis, S.A. (“EDPR”) and ENGIE are pleased to announce that Moray Offshore Windfarm (East) Limited, a joint venture company currently owned by EDPR (77%) and ENGIE (23%), has been awarded a 15-year Contract for Difference (CfD)  for the delivery of 950 MW of offshore wind generation at £57.50/MWh (in real 2012 terms). The contract was awarded by the UK’s Department for Business, Energy & Industrial Strategy (“BEIS”) following its latest CfD auction. EDPR and ENGIE are jointly developing this project, which is located off the north-east coast of Scotland. Upon conclusion of

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Iberdrola included again in the Dow Jones Sustainability Index utilities industry group

Key global index measures corporate contribution towards sustainable development With 91 points in the 2017 ranking, it is the only European electricity utility to have been selected in all eighteen editions of the DJSI, proof of the company’s strong commitment towards sustainability Today, Iberdrola has been included again in the prestigious Dow Jones Sustainability Index (DJSI) utility industry group, the main international benchmark for measuring how companies contribute towards sustainable development. The company, which scored 91 points in the 2017 edition, continues to strengthen its position at the forefront of its industry in this new review of the ranking on the basis of an effective strategy that makes sustainability one

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Neoenergia incorporates Elektro Holding after shareholder approval

This transaction creates an electricity industry leader in Brazil and Latin America An outstanding operation for the Iberdrola Group has been completed, having received as well the green light from CADE (Administrative Council for Economic Defence), Aneel (National Electricity Energy Agency) and Bndes (National Bank for Economic and Social Development), in a much shorter time frame than usual for this type of transactions The new company is owned by Iberdrola[1], the Bank of Brazil’s Employees Pension Fund (Caixa de Previdência dos Funcionários do Banco do Brasil – Previ) and BB Banco de Investimentos (Banco do Brasil), which will hold 52.45%, 38.21% and 9.35%, respectively   Relevant aspects Iberdrola Chairman Ignacio

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KPS Capital Partners Acquires C&D Technologies

KPS Capital Partners, LP (“KPS”) announced today that, through a newly formed affiliate, it has acquired C&D Technologies, Inc. and its affiliates (“C&D” or the “Company”). Financial terms of the transaction were not disclosed.   C&D, headquartered in Blue Bell, Pennsylvania, manufactures, engineers, supplies and services fully integrated reserve power systems for regulating and monitoring power flow and providing backup power.  The Company is a global leader in solutions and services for the utility, telecommunications, uninterruptible power supply, cable, broadband and renewable energy markets.  C&D consistently creates innovative products and processes that improve performance and increase long-term value for its customers.  The Company operates four manufacturing facilities located in the

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DONG Energy and Global Infrastructure Partners to form 50/50 partnership to build German offshore wind farm Borkum Riffgrund 2

DONG Energy and Global Infrastructure Partners (GIP), a leading independent global infrastructure investor, jointly announced today that Global Infrastructure Partners III (GIP III), a fund managed by GIP, has entered into an agreement to acquire a 50% stake in the Borkum Riffgrund 2 Offshore Wind Farm project from DONG Energy for a total consideration of approximately EUR 1,170 million. Borkum Riffgrund 2 is a 450MW offshore wind project in the German North Sea, currently being constructed by DONG Energy. DONG Energy will provide a full-scope EPC (engineering, procurement and construction) contract for the construction of the project. In addition, DONG Energy will provide operation and maintenance services and a route

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