Earlier in January, Macquarie had hired Standard Chartered Bank to run the process. ET reported that Australian investor was looking for a valuation of about $500 million earlier. Limited is one of the major renewable power operations and maintenance(O&M) service providers in India with more than 5 GW of renewable assets under management. Live EventsThe company is engaged in the business of providing long-term O&M services for renewable energy projects. Part of the INOXGFL Group and a subsidiary of Mail se ...

Key Takeaways Renewables are projected to overtake coal by 2026, reaching 36% of global electricity generation.Per EIA, U.S. renewable power share is expected to rise from 22% in 2024 to 25% by 2026, led by solar growth.Massive investments in solar, wind and battery storage are driving capacity additions through 2030.In 2025, U.S. renewables accounted for the majority of capacity growth, driven mainly by strong additions in solar and wind capacity and unprecedented levels of public and private investment. A ...

December 16, 2025 05:01 AM GMT Clean Tech | North America 2026 Outlook: Leaning into Stronger Demand With improved policy clarity we expect demand fundamentals to reemerge as the driving force for the sector in 2026. We're bullish on demand with data center growth spurring constructive outlooks on gas, solar, storage, and fuel cells. GEV, FSLR, and BE are our preferred names within our coverage. Demand drivers look poised to shine through in 2026. Changing policy has been heavily influencing the clean tech ...

Core Viewpoint - Engie SA has secured its first standalone battery-storage project in India, aiming to capitalize on the renewable energy boom and plans to triple its local clean-power capacity by 2030 [1]. Group 1: Project Details - The awarded storage system project has a capacity of 280 megawatts and is organized by Gujarat Urja Vikas Nigam Ltd, making it Engie's second-largest battery project globally upon completion in 2027 [2]. - Engie's largest battery project is currently located in the United States [2]. Group 2: Strategic Shift - Due to a slowdown in green projects in the US, Engie plans to redirect investments to countries like India, which is expected to accelerate battery installations to meet its clean-power capacity goal of 500 gigawatts by the end of the decade [3]. - The Indian grid is struggling to keep pace with the influx of intermittent solar and wind power generation, highlighting the importance of battery storage as an enabler for renewable growth [4]. Group 3: Capacity Goals - As of June, Engie had 2 gigawatts of renewable capacity in operation or under construction in India and is targeting 7 gigawatts of solar, wind, and storage by 2030 [4]. - The company aims for a total of 95 gigawatts of clean power globally by 2030 [4].

Core Insights - The International Energy Agency (IEA) projects that oil and gas demand could continue to grow until 2050, moving away from previous expectations of peak oil demand due to slower adoption of green technologies [1][2][9] - The IEA's "Current Policies Scenario" anticipates global oil demand rising to 105 million barrels per day by 2035 and 113 million barrels per day by 2050, driven mainly by petrochemical feedstocks and aviation [6][10] - The share of electric vehicles (EVs) in total car sales is expected to plateau after 2035, contributing to sustained oil demand growth into the 2030s and beyond [7][11] Demand Projections - Under the "Current Policies Scenario," global oil demand is projected to increase from 100 million barrels per day last year to 105 million barrels per day in 2035 and 113 million barrels per day in 2050 [6] - The "Stated Policies Scenario" suggests oil demand will peak at 102 million barrels per day around 2030 before gradually declining, while gas demand continues to grow into the 2030s [11] Renewable Energy Outlook - Renewables are expected to grow faster than any other major energy source, with solar photovoltaics leading the charge, particularly in China, which is projected to account for 45% to 60% of global deployment over the next decade [16] - The share of renewables in electricity generation is projected to reach nearly 55% by 2035 in the "Stated Policies Scenario," while the "Current Policies Scenario" sees slower growth due to challenges in grid integration [18] Climate Impact - The IEA warns that even with increased renewable energy adoption, energy-related emissions will not sufficiently mitigate climate risks, with global temperatures projected to rise by nearly 3°C by 2100 under the "Current Policies Scenario" [19][20] - The "Stated Policies Scenario" predicts a slightly lower temperature increase of 2.5°C, while the Net Zero Emissions scenario indicates temperatures exceeding 1.5°C for several decades before returning below that threshold by 2100 [20] Energy Security Concerns - The IEA emphasizes the importance of energy security, highlighting the need for reliable electricity grids, energy storage, and demand-side flexibility [22] - The concentration of supply in critical minerals, particularly in refining where China controls around 70% of the market for most energy-related minerals, poses significant challenges [22]

Financial Data and Key Metrics Changes - The company's total revenues and income increased to $165 million, up from $113 million last year, representing a growth rate of 46.7% year over year [26] - Adjusted EBITDA grew by 23% to $112 million compared to $91 million for the same period in 2024 [28] - Net income amounted to $32 million compared to $24 million last year, an increase of 33% year over year [27] Business Line Data and Key Metrics Changes - Revenues from the sale of electricity rose 27% to $139 million compared to $109 million in the same period of 2024, driven by newly operational projects [26] - New projects contributed $22 million to the revenues from the sale of electricity, with significant contributions from Atwisko, Reyes Project, Pupin, and Tapolca [26][27] - The energy storage segment is projected to deliver an average project-level return of 22% [11] Market Data and Key Metrics Changes - Revenues and income were distributed between MENA, Europe, and the U.S., with 47% from Israel, 27% from Europe, and 26% from the U.S. [27] - The company anticipates annual revenue and income from its mature portfolio to reach $1.6 billion upon commencement of operations in the 2027 to 2028 timeframe [16] Company Strategy and Development Direction - The company is committed to becoming a leading global energy developer and IPP, focusing on renewable energy as the fastest-growing segment within the energy industry [7][8] - The strategy includes expanding the energy storage segment in Europe and strengthening its presence in Germany and Poland through acquisitions [10][11] - The company aims to triple its business size every three years, with a projected revenue growth rate of 40% [56] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the company's growth trajectory, citing strong market fundamentals and a favorable regulatory environment [18] - The anticipated growth in AI investments is expected to drive unprecedented demand for processing capacity and electricity, positioning renewable energy as a key solution [17] - The company raised its full-year 2025 guidance, expecting revenues and income to be between $555 million and $565 million [31] Other Important Information - The company secured $4.8 billion in project finance, corporate debt, and asset sales in the past 12 months, enhancing its financial flexibility [30] - The financial close for the Snowflake A project, totaling approximately $1.5 billion, marks a significant milestone for the company [24] Q&A Session Summary Question: How did solar and wind resource availability compare to typical seasonal assumptions? - Management noted additional wind in some Israeli assets and that solar performance was in line with expectations, with battery storage projects contributing additional revenues [33] Question: What enabled the acceleration in safe harboring projects? - The safe harbor strategy included significant physical work both onsite and offsite, allowing the company to complete 9 FGW already this year [34][35] Question: What are the growth rates of operating capacity moving into 2028 and beyond? - The company expects continued growth rates similar to past performance, with a focus on mitigating risks related to interconnection and other project aspects [36][37] Question: Can you discuss the current India tariff exposure and mitigation strategies? - The company is focused on sourcing PV cells from countries not subject to ongoing investigations and has flexibility in module assembly to mitigate country-specific risks [48][49] Question: Are the new projects in Europe part of a new strategy? - The projects in Europe are part of a diversified strategy that allows the company to grow consistently across different geographies and technologies [54][55]

Financial Performance - Q3 2025 Adjusted EBITDA reached $830 million, driven by new renewables projects, US utilities rate base investment, and cost savings[16] - Q3 2025 Adjusted EPS increased to $075, influenced by Adjusted EBITDA drivers and a lower adjusted tax rate[16] - Year-to-Date 2025 Renewables SBU Adjusted EBITDA increased by 46%, primarily due to 3 GW of new projects and higher returns[19] - The company reaffirms its 2025 Adjusted EBITDA guidance, projecting between $2650 million and $2850 million[78] - The company reaffirms Adjusted EPS guidance for 2025, estimating between $210 and $226[79] Strategic Objectives - The company is on track to sign at least 4 GW of PPAs in full year 2025, with 22 GW already signed or awarded year-to-date, including 16 GW with data center customers[16] - The company is on track to add 32 GW of new projects in full year 2025, having completed construction of 29 GW year-to-date[16] - The backlog of projects under signed PPAs has reached 111 GW[16] - The company anticipates an average annual Adjusted EBITDA growth of 5% to 7% through 2027[81] Capital Allocation - The company projects discretionary cash sources and uses between $2615 million and $2815 million[85]

Group 1: Tesla and Archer Aviation - Archer Aviation (ACHR) experienced a significant increase in stock price due to speculation about its potential involvement in Tesla's (TSLA) upcoming announcement regarding a cheaper Model Y variant [3] Group 2: AppLovin and SEC Investigation - AppLovin (APP) saw a decline in stock value as the Securities and Exchange Commission is reportedly investigating its data collection processes [3] Group 3: Aluminum Supply Disruption - A fire at an aluminum plant in Oswego, New York, could disrupt operations for Ford (F) and other automakers, indicating potential supply chain issues [4] Group 4: Renewable Energy Forecasts - The International Energy Agency (IEA) has revised its forecast for U.S. renewable energy growth by 2030, reducing the expected capacity addition from 500 gigawatts to almost 250 gigawatts due to recent policy changes [5] - Global renewable power capacity is projected to double by 2030, with solar energy expected to account for nearly 80% of this increase, although the global forecast was lowered by 5% primarily due to U.S. and China policy changes [6] - China's new policy aims for market-driven growth in renewables, leading to a more moderate increase in wind and solar installations in the latter half of 2025, while still being a major contributor to global renewable capacity growth [7]

Core Insights - The iShares Global Clean Energy ETF (NASDAQ: ICLN) aims to provide investors with exposure to clean energy producers, highlighting the growing interest in renewable energy investments [1] Group 1: Clean Energy Sector - Energy policies are transitioning away from tax credits for renewable energy sources, suggesting a potential shift in the investment landscape for clean energy [1] - The clean energy sector may have one last opportunity for significant growth before these policy changes take full effect [1] Group 2: Analyst Background - The analysis is conducted by Michael Del Monte, a buy-side equity analyst with over 5 years of experience in the investment management industry, and a background in various sectors including oil and gas, industrials, and technology [1]

Core Insights - Aemetis, Inc. is entering a high-growth phase with its Dairy RNG platform, supported by regulatory approvals and capacity expansion [1][3] - The company generated $3.1 million in revenue from 106,400 MMBtu of RNG produced by eleven digesters in Q2 2025 [1][5] - CARB approved seven new LCFS pathways with a blended CI score of -384, increasing LCFS credit value by approximately 120% [1][5] - Capacity is projected to reach 550,000 MMBtu by year-end 2025 and further increase to 1.0 million MMBtu by the end of 2026 [1][5] Financial Developments - Aemetis secured $83 million in Section 48 investment tax credit sales, translating to around $70 million in cash [5] - The company has obtained 20-year USDA-guaranteed financing, with Section 45Z monetization expected to start in Q3 2025 as a recurring revenue stream [5] Project Advancements - Aemetis is advancing a $30 million MVR project at its California Ethanol plant, aiming to reduce natural gas usage by 80% and generate approximately $32 million in annual cash flow starting in 2026 [5] - The company's subsidiary in India is targeting an IPO in early 2026 [5]