Core Insights - Ares Management has acquired a 49% stake in a portfolio of assets owned by EDP Renováveis, with the deal valued at approximately $2.9 billion [1] Company Summary - Ares Management is expanding its investment portfolio through this acquisition, indicating a strategic move to enhance its presence in the renewable energy sector [1] - EDP Renováveis is benefiting from this transaction by monetizing a portion of its assets while retaining a majority stake [1]

Clearway Energy (NYSE:CWEN.A) (NYSE:CWEN) has entered into a binding agreement to acquire a 613 MWac operational solar portfolio from Deriva Energy, it said on Monday. The portfolio spans eight states with capacity and value concentrated in the CAISO and PJM ...

Core Viewpoint - Clearway Energy, Inc. has entered into a binding agreement to acquire a 613 MWac operational solar portfolio from Deriva Energy, LLC, which is expected to enhance its growth in cash available for distribution (CAFD) per share and leverage its strengths in solar operations [1][5]. Acquisition Details - The solar portfolio spans eight states, with significant capacity in the CAISO and PJM markets, allowing Clearway to utilize its operational strengths in these regions [2]. - Clearway will co-invest in a 50/50 joint venture with Fengate Asset Management for 12 assets in the Western US, totaling 227 MWac [2]. - The overall portfolio has a weighted average contract life of 10 years, aligning with Clearway's existing fleet and providing opportunities for contract extensions and battery hybridization [2]. Financial Implications - The total long-term corporate capital investment in the portfolio is estimated to be approximately $210-230 million, with an expected 5-year annual CAFD yield over 12% [3]. - The acquisition is projected to generate an incremental average annual asset CAFD of approximately $27 million starting January 1, 2027 [3]. Transaction Timeline - The transaction is anticipated to close by the second quarter of 2026, with funding expected to be within the company's previously disclosed capital allocation framework [4]. Strategic Outlook - The acquisition is expected to deepen Clearway's presence in the CAISO and PJM markets and create additional value through proven strategies in battery hybridization and contract extensions [5]. - The company aims to achieve its 2027 CAFD per share target range of $2.50 - $2.70, supported by ongoing fleet enhancement and a robust dropdown pipeline [5]. Company Overview - Clearway Energy, Inc. is one of the largest owners of clean energy generation assets in the US, with a portfolio of approximately 12 GW of gross capacity across 27 states [6]. - The company focuses on providing stable and growing dividend income through its diversified and primarily contracted clean energy portfolio [6].

We recently published 10 Stocks With Eye-Popping Double-Digit Gains. Plug Power Inc. (NASDAQ:PLUG) is one of the top performers on Friday. Shares of Plug Power soared to a new all-time high on Friday, as investors took path from a higher price target and rating upgrade from HC Wainwright. In a market note, the investment firm more than doubled its price target for Plug Power Inc. (NASDAQ:PLUG) to $7 from $3 previously, while giving the stock a “buy” recommendation, on the back of higher electricity price ...

Core Insights - The green electricity trading market in China is still in its early stages, requiring improvements in infrastructure, market mechanisms, and technological innovation to address existing challenges [1][2][4] Group 1: Current Market Developments - Ningxia has completed its first green electricity transaction in a green electricity park, while regions like Inner Mongolia and Shanghai are working towards a closed-loop green electricity trading process [1] - In the first half of this year, the green electricity trading volume in Guangdong Province increased by over 60% year-on-year [1] - The national market-based trading volume of electricity from renewable sources has risen from less than 17% in 2016 to 61% in 2023 [1] Group 2: Challenges in Green Electricity Trading - There is a mismatch between the production and consumption of green electricity, with resources primarily located in the northwest while demand centers are in the eastern regions [2] - The green electricity certification mechanism is inadequate, limiting the international recognition of green certificates and the expansion of the trading market [2] - The stability of green electricity production is affected by seasonal and climatic changes, leading to uncertainties in market supply [2] Group 3: Recommendations for Improvement - Enhance the construction of direct current grids for green electricity to facilitate the "West-to-East" electricity transmission and address regional supply-demand imbalances [3] - Improve the green electricity certification mechanism and establish multiple certification channels to meet industry demands and alleviate pressures on high-energy-consuming industries [4] - Strengthen the development of energy storage technologies to stabilize green electricity production and enhance the overall efficiency of the electricity supply chain [5]

Core Insights - California Governor Gavin Newsom signed Assembly Bill 30 (AB30), allowing a 15% ethanol blend in gasoline, which is expected to increase the ethanol market in California by over 600 million gallons per year [3][4]. Industry Impact - The approval of E15 is projected to decrease gasoline prices by $2.7 billion annually, saving consumers approximately 20 cents per gallon [3][4]. - The bill aims to enhance renewable energy and environmental goals while providing lower-cost, high-octane renewable fuel [4]. Company Developments - Aemetis, Inc. operates a 65 million gallon per year ethanol facility in California, which will benefit from the increased blending of ethanol into gasoline [5]. - Aemetis plans to invest $30 million in a mechanical vapor recompression (MVR) system to reduce natural gas usage by 80% at its Keyes plant, which is expected to improve cash flow from operations by $32 million annually after implementation in 2026 [6][7].

Core Insights - Aemetis, Inc. announced the signing of Assembly Bill 30 (AB30) by California Governor Gavin Newsom, allowing 15% ethanol blending in gasoline, which expands the potential market for ethanol in California by 50% [1][2] - A study indicates that the 15% ethanol blend could lead to a reduction in gasoline prices by $2.7 billion annually, saving consumers approximately 20 cents per gallon [1] - The approval of E15 is expected to provide cost savings, improve air quality, and enhance engine performance for California drivers [2] Company Operations - Aemetis operates a 65 million gallon per year ethanol facility in California's Central Valley, which will benefit from the increased blending of ethanol into gasoline [2] - The company is investing in a $30 million mechanical vapor recompression (MVR) system at its ethanol plant, projected to reduce natural gas usage by 80% and improve cash flow from operations by $32 million annually after implementation in 2026 [3] Industry Context - The approval of E15 in California aligns with the state's renewable energy and environmental goals, promoting lower-cost, high-octane renewable fuel while reducing emissions from conventional gasoline [2] - Other states have already experienced the benefits of E15, including healthier air and cost savings at the pump, indicating a positive trend for renewable fuel adoption [2]

Britain’s clean energy sector faces supply challenges brought on by declining wind speeds, according to analysts at Citigroup https://t.co/ALVW1QYRYN ...

Iraq could ramp up its crude oil exports by some 250,000 barrels daily as it saves this amount from local consumption with the help of several solar power projects. Zawya reported the news, citing a government official, who said that “Iraq consumes nearly a quarter million bpd of crude oil for energy use…switching to renewable energy will save this quantity.” “This will allow Iraq to export more crude and boost revenues…switching to renewable energy is a significant step, but it does not mean Iraq will ...

Microsoft has expanded its renewable energy commitments in Japan through new agreements with Shizen Energy, adding 100 megawatts of long-term clean power. The latest batch of contracts includes three ... ...