Verdalia Bioenergy, a biomethane firm backed by Goldman Sachs, has raised $785 million of debt from a large banking consortium to fund projects across Spain and Italy https://t.co/jg8T3eYUDd ...

Core Insights - Brookfield has successfully closed its flagship energy transition strategy, the Brookfield Global Transition Fund II (BGTF II), raising $20 billion in commitments, making it the largest private fund focused on clean energy transition globally [1][2] - The Fund has attracted a diverse range of institutional investors, including new participants, and has secured approximately $3.5 billion in co-investment, bringing total capital raised to approximately $23.5 billion [2][3] - Over $5 billion has already been deployed in high-quality transition investments, with a focus on technologies that support clean and low-cost energy solutions [3] Fund Details - BGTF II exceeded its initial target and surpassed the previous fund's record, BGTF I, which raised $15 billion [2] - Notable commitments include $2 billion from ALTÉRRA and $1.5 billion from Norges Bank Investment Management [2] - The Fund's strategy emphasizes an "any and all" approach to energy investment, driven by increasing energy demand from sectors like artificial intelligence and electrification [3] Investment Focus - The previous BGTF I invested in various energy technologies, including renewables, carbon capture, sustainable aviation fuel, and battery storage [3] - Recent agreements include significant energy supply deals with Microsoft and Google, marking the largest contracts in wind/solar and hydroelectricity [3] Company Overview - Brookfield Asset Management is a leading global alternative asset manager with over $1 trillion in assets under management across various sectors, including infrastructure and renewable power [4]

Core Insights - Brookfield has successfully closed its flagship energy transition strategy, the Brookfield Global Transition Fund II (BGTF II), raising $20 billion in commitments, making it the largest private fund focused on clean energy transition globally [1][2] - The Fund has attracted a diverse range of institutional investors, including new participants, and has secured approximately $3.5 billion in co-investment, bringing total capital raised to approximately $23.5 billion [2][3] - Over $5 billion has already been deployed in high-quality transition investments, with a focus on technologies that support clean and low-cost energy solutions [3] Fund Details - BGTF II exceeded its initial target and surpassed the previous fund's record, BGTF I, which raised $15 billion [2] - Notable commitments include $2 billion from ALTÉRRA and $1.5 billion from Norges Bank Investment Management [2] - The Fund's strategy emphasizes an "any and all" approach to energy investment, driven by increasing energy demand from sectors like artificial intelligence and electrification [3] Investment Focus - The Fund's investments span various energy technologies, including renewables, carbon capture, sustainable aviation fuel, battery storage, and nuclear services [3] - Brookfield has established significant energy supply agreements with major companies like Microsoft and Google, marking the largest deals in wind/solar and hydroelectricity [3] Company Overview - Brookfield Asset Management is a leading global alternative asset manager with over $1 trillion in assets under management across various sectors, including infrastructure and renewable power [4] - The company focuses on long-term investments in real assets and essential service businesses that are critical to the global economy [4]

Core Insights - The $20 billion onshore liquefied natural gas (LNG) project in northern Mozambique is expected to resume development soon, serving as a significant catalyst for growth in the energy sector [1] - Despite ongoing security concerns in the Cabo Delgado region, TotalEnergies plans to restart work at the site by late 2025 after a four-year delay [1][2] - The completion of the LNG project is anticipated to boost Mozambique's energy-driven growth vision and instill confidence in the country [3] LNG Projects and Economic Impact - TotalEnergies holds a 26.5% stake in the onshore LNG project, with Mitsui at 20%, Mozambique's state-owned ENH at 15%, and other international partners [3] - Current and expected LNG projects are projected to contribute over $60 billion to Mozambique's economy in the coming decades, primarily for export to Europe and Asia [4] - The Coral South floating LNG project, operational since November 2022, has already exported 100 shipments of LNG, with the government expected to collect $23 billion in revenues over 25-30 years from this project alone [5] Future Developments - The Coral North project, also led by Eni, is expected to come online in 2028, contingent on a final investment decision, with an investment of approximately $7 billion [6] - ExxonMobil is awaiting a final investment decision on a $25 billion LNG project in the Rovuma Basin, expected in the first half of 2026 [7] Local Content and Economic Strategy - The government aims to implement local content laws to ensure that local communities benefit from the LNG projects, addressing concerns about the specialized nature of the industry [8] - Mozambique's government is also planning a second massive dam to enhance its hydroelectric capacity, contributing to regional power trading [9] Hydropower Projects - The $5 billion Mphanda Nkuwa hydropower project is set to double hydro capacity and is expected to be operational by 2031, supported by international partners [10][12] - The project includes a 1,300 km transmission line to connect to the national grid and regional markets, enhancing Mozambique's role in power supply [10] Renewable Energy Initiatives - Mozambique is advancing renewable energy projects, including wind and solar initiatives, to diversify its energy portfolio [16] - The government is on track to achieve universal energy access by 2030, increasing access from 31% in 2018 to over 60% [17][18]

Core Insights - Deriva Energy, LLC has reached an agreement to sell an operational solar portfolio of 833 MWdc (613 MWac) to Clearway Energy, Inc. [1] - The transaction is part of Deriva Energy's strategy to optimize its asset portfolio and recycle capital for future growth [2] - The deal is expected to close by the second quarter of 2026 [2] Company Overview - Deriva Energy is a leader in clean energy with over 6,200 megawatts of operating assets and more than 10,500 MW of assets in development across the U.S. [3] - The company is headquartered in Charlotte, North Carolina, and is a portfolio company of Brookfield, a major owner and operator of renewable power [3]

Adani Green signed a deal to raise around $250 million from a group of global lenders, according to people familiar with the matter https://t.co/WHPlmAqFWt ...

Core Insights - Homerun Resources Inc. has received approval from the TSX Venture Exchange for a $6,000,000 financing with a single institutional investor, and is preparing to submit a formal application for conditional approval [1] - The company is also oversubscribed for a $3,000,000 unit private placement at $1.00, which will close after the institutional financing [2] Company Overview - Homerun Resources Inc. is a vertically integrated materials leader focused on green energy solutions through advanced silica technologies, controlling the entire industrial vertical from raw material extraction to solar, battery, and energy storage solutions [3][5] - The company aims to capitalize on high-growth global energy transition markets with multiple profit centers utilizing high-purity quartz (HPQ) silica [5] Development Strategy - Homerun has achieved key milestones in its 3-phase development plan, including government partnerships and breakthrough intellectual property in advanced materials processing and energy solutions [5] - The company is developing a 120,000 tons per year processing plant and building Latin America's first dedicated high-efficiency solar glass manufacturing facility with a capacity of 365,000 tons per year [7] Commitment to Sustainability - The company maintains a strong commitment to ESG principles, employing sustainable production technologies and benefiting local communities [6] - Homerun is partnering with the U.S. Department of Energy/NREL to develop a long-duration energy storage system utilizing high-purity silica sand [7]

Core Insights - Ares Management Corporation has acquired a 49% stake in a portfolio of renewable energy assets from EDP Renováveis for approximately $2.9 billion, significantly enhancing its renewable energy portfolio [1][3]. Group 1: Transaction Details - The acquisition includes a diversified portfolio of 10 projects with a total capacity of 1,632 megawatts, consisting of 1,030 MW of solar, 402 MW of wind, and 200 MW of energy storage across four U.S. power markets [1]. - Each project operates under long-term Power Purchase Agreements with an average remaining term of 18 years, providing stable revenue streams [2]. Group 2: Strategic Implications - This transaction expands Ares Infrastructure Opportunities' renewable portfolio to approximately 5.7 gigawatts of total power generation capacity across 11 states and five power markets since September 2024 [3]. - Ares Management aims to diversify its presence in key domestic power markets and growing energy subsectors through this investment [4]. Group 3: Recent Activities - In addition to the recent acquisition, Ares Management also acquired all equity interests in Meade Pipeline Co. LLC for approximately $1.1 billion in cash [5]. - ARES shares experienced a premarket increase of 1.19%, trading at $152.40 [5].

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 ...