Start of construction works for the hybrid power plant combining solar energy and storage in Sainte-Anne, western French Guiana Voltalia (Euronext Paris, ISIN code: FR0011995588), an international player in renewable energies, announces that it has begun site preparation work for its hybrid solar power plant, with a photovoltaic capacity of 43 megawatts and an installed battery capacity of 135 megawatt-hours in French Guiana "The launch of construction for the Sainte-Anne power plant marks a significant mi ...

India's ReNew Energy Global said on Tuesday it has signed a long-term deal with Alphabet's Google to develop a 150-megawatt solar project in the western Indian state of Rajasthan. ...

Presentation Operator Hello. This is the Chorus Call conference operator. Welcome, and thank you for joining the ReNew update conference call. [Operator Instructions] At this time, I would like to turn the conference over to Mr. Anunay Shahi, Senior Vice President and Investor Relations of ReNew. Please go ahead, sir. Anunay ShahiHead of Investor Relations Thank you. Good morning, everyone, and thank you for joining us today. You would have seen yesterday our 6-K published in response to the consortium's ...

Core Viewpoint - ReNew Energy Global Plc (NASDAQ:RNW) experienced a significant decline of 27.15% in its stock price, closing at $5.50, following the withdrawal of Masdar from a $1 billion acquisition plan [1][3]. Group 1: Acquisition Details - Masdar officially withdrew from a consortium aimed at taking ReNew Energy Global Plc private [2]. - The acquisition proposal was initially set at $7.07 per share and was raised to $8.15 per share after a year of negotiations [3]. - The consortium included CPP Investments, ADIA (through Platinum Hawk), and ReNew's founder and CEO, Sumant Sinha [3]. Group 2: Market Reaction - The withdrawal of Masdar led to a complete halt of the merger proposal, resulting in a sharp sell-off of ReNew Energy's shares [3]. - The market response indicates a loss of investor confidence in ReNew Energy following the failed acquisition attempt [1][3]. Group 3: Future Outlook - ReNew Energy Global Plc has not yet announced its next steps following the withdrawal of the acquisition transaction [4].

Financing to Support Growth from 2+ GW Solar and Storage Pipeline JERSEY CITY, N.J., Dec. 16, 2025 /PRNewswire/ -- Soltage, a leading independent power producer developing, financing and operating distributed solar and energy storage assets across the U.S., today announced the closing of an $80 million syndicated development revolver facility. The facility is led by First Citizens Bank as sole bookrunner, administrative agent and coordinating lead arranger and EastWest Bank as coordinating lead arranger. Th ...

TotalEnergies has signed a 21-year power purchase agreement (PPA) with Google to deliver 1TWh of certified renewable power from the Citra Energies solar plant, which is located in northern Kedah of Malaysia. Construction of the Citra Energies solar farm is set to start in early 2026, and the project will supply renewable power to support Google’s data centre operations in the country. In August 2023, TotalEnergies (49%) and its local partner MK Land (51%) secured the project from Malaysian Energy Commis ...

Summary of ReNew Energy Global Conference Call Company Overview - **Company**: ReNew Energy Global (NasdaqGS:RNW) - **Date of Call**: December 16, 2025 Key Points Industry Context - The call addressed the recent developments regarding a consortium involving ReNew Energy and its potential acquisition discussions, particularly focusing on the withdrawal of Masdar from the consortium [4][5]. Core Insights - **Masdar's Withdrawal**: Masdar has officially withdrawn from the consortium, leading to the termination of discussions regarding the proposed transaction. This decision was unexpected and disappointing for ReNew, especially after a year of negotiations and due diligence [4][5][12]. - **Shareholder Confidence**: Despite Masdar's exit, major shareholders CPPIB and ADIA have reaffirmed their confidence in ReNew's business and growth prospects. The company remains committed to delivering value for all shareholders [5][6]. - **Financial Position**: ReNew maintains a robust liquidity position with over $1 billion in cash. The company’s portfolio is fully funded through internal cash flows and capital recycling [6][7]. - **Growth Guidance**: ReNew has reaffirmed its megawatt and EBITDA guidance for the year, indicating continued business growth and a decline in leverage [7][8]. Strategic Considerations - **Future Plans**: The board is evaluating options for realizing value from various parts of the business and will develop a plan moving forward. The leadership team is prepared for alternative strategies following the consortium's dissolution [15][16]. - **Capital Allocation**: The management is considering various strategic options, including potential share repurchases, although no immediate discussions are underway regarding new offers from other shareholders [14][22]. - **Funding and Growth Strategy**: ReNew plans to continue its growth trajectory, targeting an annual capacity of 2 to 3 GW. Funding will come from internal growth and capital recycling, with no reliance on external capital infusion from the failed transaction [32][41]. Market Reaction - Following the announcement of Masdar's withdrawal, there was a notable decline in ReNew's share price. Management expressed confidence that the market will eventually recognize the company's true value [18][52]. Additional Insights - **Operational Performance**: The company is meeting all operational deliverables for the year and does not foresee issues in raising external funding for its current pipeline [16][46]. - **Long-term Strategy**: The board emphasizes the importance of execution in a rapidly growing market and maintains confidence in the management team to deliver long-term shareholder value [51][52]. Conclusion ReNew Energy Global is navigating a challenging situation following the withdrawal of a key consortium member. However, the company remains financially strong and committed to its growth strategy, with plans to communicate further updates to shareholders in the coming months.

GURUGRAM, India--(BUSINESS WIRE)--ReNew Energy Global Plc ("ReNew†), a leading decarbonisation solutions company, today announced that it has signed a long-term agreement with Google to enable the development of a new 150 megawatt (MW) solar project in Rajasthan. Under this partnership, Google will procure the project's energy attributes from ReNew. This long-term procurement is essential for the bankability of the project, and will also help Google make progress towards addressing its value chain emissio ...

Core Insights - The U.S. Federal Reserve has lowered the interest rate benchmark by 25 basis points to a target range of 3.50-3.75%, marking the third reduction in 2025, aimed at supporting a cooling labor market [1][2] Interest Rate Impact on Utilities - Lower interest rates create a favorable environment for capital-intensive sectors like utilities, which require significant funding for infrastructure and operations [2] - The utility sector has an inverse correlation with interest rates; rate cuts reduce the cost of servicing debt, enhancing profit margins and cash flows for utility companies [3] - As interest rates fall, utility stocks become more attractive to income-focused investors, leading to increased demand for high-dividend sectors like utilities [4] Investment Case for Utilities - The combination of lower financing costs, stable cash flows, and rising electricity demand from AI data centers strengthens the investment case for utilities amid macroeconomic uncertainty [5] - Investing in diversified Utility ETFs is recommended over individual utility stocks to mitigate risks associated with regulatory changes and company-specific issues [6] Utility ETFs Overview - Utility ETFs provide a one-stop solution for investors, offering exposure to a broad range of companies in the utilities sector while ensuring superior liquidity and lower expense ratios compared to actively managed funds [7] Recommended Utility ETFs - **Fidelity MSCI Utilities Index ETF (FUTY)**: Net assets of $2.25 billion, exposure to 67 utility stocks, year-to-date gain of 17.1%, fees of 8 bps [9] - **State Street Utilities Select Sector SPDR ETF (XLU)**: AUM of $22.16 billion, exposure to 31 companies, year-to-date gain of 16.6%, fees of 8 bps [10][11] - **iShares U.S. Utilities ETF (IDU)**: Net assets of $1.78 billion, exposure to 44 companies, year-to-date gain of 15.7%, fees of 38 bps [12] - **Vanguard Utilities ETF (VPU)**: Net assets of $8.3 billion, exposure to 68 companies, year-to-date gain of 17.1%, fees of 9 bps [13] - **Invesco Dorsey Wright Utilities Momentum ETF (PUI)**: Market value of $51.5 million, exposure to 35 companies, year-to-date gain of 16.8%, fees of 81 bps [14][15]

TORONTO, Dec. 16, 2025 /PRNewswire/ - PowerBank Corporation (NASDAQ: SUUN) (Cboe CA: SUNN) (FSE: 103), a leader in North American energy infrastructure development and asset ownership, proudly announces that its 3.15 MW DC hybrid solar plus energy storage project (the "Project") in Buffalo, New York has passed two major permitting approvals, including a Waterfront Consistency Review and a Zoning Map Amendment, enabling the Project to go before the Zoning Board of Appeals for an Area Variance.  The project ...