TotalEnergies Power & Gas’ Post

Indian company Suzlon Group has signed definitive agreements to acquire a 76% stake in Renom Energy Services Private Limited , an O&M services provider, from the Sanjay Ghodawat Group (SGG). Renom currently provides O&M services to over 2.5 GW renewable of assets in India, including 1,782 MW of wind and 148 MW of solar. Suzlon’s latest acquisition is aimed at positioning Renom as a leading independent service provider in the renewable energy sector, targeting over 32 GW of non-Suzlon wind energy assets in India. “At Suzlon, we have built our service business over decades with a single-minded focus, seeing it as a key enabler of energy transition,” said JP Chalasani, CEO of Suzlon Group. “With our in-house Suzlon Services Business focussed on Suzlon-make turbines and now with Renom’s focus on non-Suzlon Multi Brand Renewable Energy Assets, we are comprehensively positioned across the Indian Renewables OMS sector. We intend to support and strengthen Renom further as a standalone ISP to help provide best-in-class customer service to all multi-make customers in the wind energy O&M space.” Suzlon’s acquisition of Renom will occur in two tranches. The first tranche involves acquiring a 51% stake for INR 400 crore ($47.6 million). In the second tranche, Suzlon will acquire an additional 25% stake within 18 months of the first tranche’s acquisition for INR 260 crore. Himanshu Mody, Chief Financial Officer of Suzlon Group, noted: “The inorganic acquisition of Renom provides a valuable addition to the Suzlon Group. “Over the period of the last 9 years, we have built Renom to be the best at what it does,” added Shrenik Ghodawat, Managing Director of Sanjay Ghodawat Group. “Our purpose in aligning with the Suzlon Group is to ensure that Renom as a brand continues to grow multi-fold and offer our existing and new customers best-in-class services." #cleanenergy

💵 AEP Joins Duke Energy and Con Edison in Exiting Renewable Generation in US Deregulated Markets American Electric Power (AEP) is selling its distributed resources business, AEP OnSite Partners, to Basalt Infrastructure Partners for ~$315mn. Post-sale, AEP's operations in the deregulated markets will be focussed solely on retail energy to meet rising demand. 🔋 Portfolio Highlights: – 300 MW of renewable capacity across nearly 100 US sites – 253.6 MW of solar assets, with the rest comprising batteries, fuel cells, etc. – Key markets: Ohio, Minnesota, New Mexico, Connecticut, New York 🚀 Utilities’ Exit from Deregulated Markets: – Since 2023, many US utilities have announced plans to sell unregulated renewables portfolios. – Increased competition following the IRA's passage is driving this trend. – Utilities are refocusing investments on core, regulated businesses, particularly transmission assets. 📄 Recent Major Deals: – AEP's sale of a 1.36 GW portfolio to Invenergy-led consortium for $1.5bn – Duke Energy's divestment of utility-scale business to Brookfield for $2.8bn – Duke Energy's sale of commercial distributed business to ArcLight for $364mn – Con Edison’s sale of Clean Energy Businesses to RWE for $6.8bn – Recently, PG&E and Algonquin have also announced plans to sell their renewable generation businesses in the deregulated markets. #RenewableEnergy #Utility #SolarPower #EnergyTransition #InfrastructureInvestment #RenewableAssets #EnergySector

⚡| Actis has launched a new Brazilian transmission platform and acquired 100% of an operational transmission asset totalling 743km. This investment sees Actis deploy capital in the lowest-risk segment of Brazil’s power value chain while helping to support the country’s transition to a decarbonised power system, with transmission lines critical to unlocking renewable energy projects, especially in a country like Brazil where renewables power almost 45% of the country’s energy demand. Adrian Mucalov, Partner, Head of Long Life Infrastructure, said: “Brazil’s transmission sector represents an excellent investment opportunity: fully operational assets, providing essential service infrastructure, with world class regulation, delivering consistent and competitive cash flows for our investors.” Nicolas Escallon, Partner, Energy Infrastructure, commented: “Actis has a very strong track record of investing in the Latin American energy sector, and notably in Brazil, across energy generation, transmission and distribution. This latest investment adds a further string to our bow and perfectly illustrates how we’re using our experience to grow successful energy businesses across the region.” Read the full announcement here: https://lnkd.in/eGDDU76Q #SustainableInfrastructure #Brazil #EnergyTransition

TotalEnergies has recently announced its acquisition of the West Burton gas-fired power plant for £450m, enhancing its UK renewable power portfolio. The plant, with a 1.3 GW output, serves 1.8 million homes and includes a 49 MW battery storage system. During the push towards a net zero future, maintaining a low carbon energy mix remains essential for ensuring both sustainability and energy security. By incorporating gas-fired assets into its portfolio, TotalEnergies shows its commitment to sustainability while ensuring energy security for consumers. Read the full article: https://lnkd.in/eQed5mG4 At Gastech 2024, global experts will convene to explore narratives surrounding the energy transition and identify the most efficient methods to achieve environmental objectives, while ensuring global energy security. Book a delegate pass: https://lnkd.in/eFMSzp4E #Gastech #GasLNG #EnergyTransition #EnergyMix 

Power Purchase Agreement between NextEnergy and Anglian Water This 20-year Power Purchase Agreement involves NextPower UK ESG, a subsidiary of NextEnergy Capital, and Anglian Water Services, for the purchase of 90% of the electricity generated by the Llanwern Solar Farm in Newport, Wales. The agreement is structured as a sleeved PPA, involving additional key stakeholders: EDF, responsible for balancing and stabilizing electricity, and SSE Renewables, which serves as the energy supplier to Anglian Water Services Water. The executives leading this collaboration include Michael Bonte-Friedheim, CEO and Founder of NextEnergy Group, David Riley, Head of Carbon Neutrality at Anglian Water Services, Simone Rossi, CEO of EDF Energy, and Alistair Phillips-Davies, CEO of SSE. The PPA enables NextPower UK ESG to sell the farm’s energy to EDF, which converts intermittent solar generation into predictable baseload energy blocks. These blocks are then delivered by SSE Renewables to Anglian Water Services Water, ensuring a secure and tailored energy supply that aligns with Anglian Water Services Water’s operational demands. #NextEnergy #AnglianWater #EDF #SSE #PPA #PowerPurchaseAgreement https://lnkd.in/dHJjBtyc

BP is taking a bold step into the future of renewable energy by preparing to sell its US wind farm portfolio. With 10 operational wind farms generating 1,284 MW of net capacity, this transaction—codenamed Project Capacitor—presents a powerful investment opportunity in the renewable energy sector. The portfolio features key assets in Indiana, Kansas, South Dakota, Colorado, and more, with ownership stakes ranging from 50% to full control. These assets were commissioned between 2009 and 2012, positioning them for potential upgrades and long-term value enhancement. Why now? BP is integrating future renewable projects through Lightsource BP, marking this as a pivotal move in reshaping its onshore renewable strategy. Key dates: - Sale launch and non-binding offers: Q4 2024 - Transaction signing: Q2 2025 For industry leaders, this is more than a sale; it’s a foothold in the next phase of energy transition. #RenewableEnergy #WindPower #Sustainability

OCU Group, a leading UK energy transition and utilities infrastructure services provider, has completed the transformational acquisition of RJ McLeod (Contractors) Limited. RJ McLeod is Scotland’s leading energy transition contractor and adds further renewable energy services to OCU Group. Triton invested in OCU Group in 2022 and since that time the company has seen strong organic and inorganic growth, with pro forma revenues surpassing £800m from £295m in FY22. OCU Group plays a leading role in meeting UK electricity demand, which is projected to increase by 50% between 2022 and 2035. Triton has a strong track record of supporting companies backed by energy transition tailwinds, with other recent examples including Trench Group and V&N Group. Read the full press release here: https://lnkd.in/eDJnf2mR Find out more about Triton here: https://lnkd.in/eTtyEy-z #BuildingBetterBusinesses

ENGIE has entered a partnership with Ares Management Corporation for a 2.7 GW portfolio of renewables and #storage assets in the U.S. This transaction represents the largest operating portfolio sell down for ENGIE in the U.S. and is one of the largest sales completed in the #renewables sector based on total capacity. ENGIE will retain a controlling share in the portfolio and will continue to operate and manage the assets. “We are delighted that ENGIE and Ares will be partners in such a large-scale renewables and co-located storage portfolio to further accelerate the energy transition towards a net zero future,” said Dave Carroll, ENGIE's Chief Renewables Officer, Senior VP, North America Region. “The investment by Ares reflects ENGIE’s proven and recognized track record in developing, building, operating and financing renewable assets, both in North America and globally”. For more details, check out the full press release here >> https://lnkd.in/g63tsDdZ #WithENGIE #RenewableEnergy #CleanEnergy #EnergyTransition #Sustainability #GreenEnergy #NetZero #SolarPower #WindEnergy #BatteryStorage #InfrastructureInvestment #EnergyInnovation #ClimateAction #RenewableInvestment #EnergyEfficiency #FutureOfEnergy

ENGIE was recently named the top corporate seller of clean power purchase agreements (PPAs) globally in what was a record year for PPAs, according to BloombergNEF’s (BNEF) 2023 full year rankings. According to the report, corporations publicly announced a record 46 gigawatts (GW) of #solar and #wind contracts in 2023, a 12% increase from 2022. The U.S. remained the largest market for PPAs with 17.3GW of deals announced.   As PPAs increasingly become the centerpiece of companies’ #sustainability strategies, ENGIE sees continued strong growth in U.S. #renewables to support our #customers. We currently have 7 GW of solar, wind and #batterystorage projects in North America and that number is growing.   “Our strong customer focus combined with our #safe, expert project delivery is at the heart of our growth in the U.S.,” says @David Carroll, Chief Renewables Officer and Senior VP, North America Region. “Our reputation for consistently delivering projects that enable our customers to meet their public commitments with confidence is key. Customers value our track record of delivering projects on-time, on-spec and on-budget. We do this by leveraging our global scale and integrated model complemented by our energy expertise and local presence.”   Learn how our ENGIE #energyexperts are powering U.S. renewables growth here >> https://lnkd.in/gJUKDsP4 Dave Carroll / Prathima Sundar / Laura Caspari #WithENGIE #CleanEnergy #Renewable #NetZeroFuture #EnergyNews #EmployerofChoice #EnergyJobs #EnergyLeader #WindEnergy #SolarEnergy #ThoughtLeadership #FutureisNow #EnergyTransition

Recently, ScottishPower announced a £12 billion investment into renewable energy for the UK’s clean energy project. This exciting move will fund large-scale wind, solar, and energy storage projects that will play a crucial role in the UK’s journey toward net-zero. With this comes a demand for talent, and that’s where Eleven can help businesses stay ahead of the curve. Key aspects of this investment include: 💨 Wind energy: New offshore and onshore wind projects, expanding Scotland’s renewable footprint. 🔋Battery storage: Innovations in energy storage technology to stabilize supply and increase efficiency. 🌞 Solar power: Growth of solar projects to complement existing renewable sources. As more projects come online, the need for highly skilled professionals grows. With this announcement, the challenge is now to ensure the right people are in place to execute it. At Eleven, we specialise in matching businesses with top talent in energy, renewables, and infrastructure. Our recruitment expertise ensures that as the market grows, you’ll have the specialists required to power your projects to success. Get in touch with us today to find out how we can support your talent needs. https://lnkd.in/eHf5CHzi #EnergyTransition #CleanEnergy #TalentStrategy