Maurice B. Shaw’s Post

Algonquin Power's $2.5 Billion Renewable Shift ⚡🌱 TL;DR: Algonquin Power is selling its renewable energy unit (excluding hydropower) to LS Power for up to $2.5 billion, allowing a sharper focus on core utilities and supporting LS Power's renewable expansion amid notable market transformations. Highlights • Algonquin Power's strategic sale aims for enhanced operational focus • LS Power gains significant renewable energy assets with this acquisition • Ongoing market changes with News Corp contemplating asset sales and Hargreaves Lansdown's $6.9 billion takeover • A broader trend of mergers and acquisitions within the renewables sector #RenewableEnergy #AlgonquinPower #LSPower #EnergyTransition #MarketTrends #MergersAndAcquisitions Article Source: https://lnkd.in/gtXKyssw

We're pleased to share our year-end 2023 shareholder letter, outlining Torrent Capital's performance and plans to deliver value in the years ahead. Torrent's two-pronged growth strategy remains focused on: - Our actively managed portfolio of small-cap growth equities - Our joint venture with the Port of Argentia to develop renewable energy projects Read the full shareholder letter to learn more about our progress and future plans: https://bit.ly/4d83pXo #RenewableEnergy #Sustainability #GreenFuels #investment #VentureCapital #finance #CapitalMarkets

Suzlon Energy Stock Rises 5% Amid Positive Outlook and Strategic Acquisition | FinBrook - #SuzlonEnergy #RenewableEnergy #StockMarketNews #InvestmentTips #MorganStanley #EnergyTransition #RenomEnergy #GreenInvestments #StockSurge #MarketAnalysis

🚨 Key Update: Cliff Head Asset Sale on the Horizon Pilot Energy Limited and Triangle Energy (Global) Limited - TEG have entered a simultaneous trading halt today as news over the #CliffHead oil asset sale in Western Australia looms large. This long-anticipated transaction will see #PilotEnergy acquire #TriangleEnergy’s 78.75% stake in the Cliff Head Joint Venture, positioning Pilot as the sole owner and operator. 👉 https://lnkd.in/gurKsYCA Speculation has been rife that the asset sale will unlock significant capital for both companies, enabling Pilot to advance its clean energy initiatives and Triangle to fund its exploration and production activities. #EnergyTransition #CarbonCapture #OilAndGas #CleanEnergy #ASX #AustraliaEnergy #Sustainability

#ASXNews Carnarvon Energy Ltd is pleased to provide an update on the Company’s activities and financial position as at 30 September 2024. QUARTER HIGHLIGHTS➖ 🔹 Progress continues to be made on the Dorado Phase 1 liquids development project. 🔹 Assessment of FPSO options ongoing. 🔹 Technical studies to support FEED re-entry are expected to be completed in the December quarter towards a targeted Final Investment Decision (FID) in 2025. 🔹 Experienced industry executive, Susan Jones, was appointed to the Board as a Non- Executive Director. William (Bill) Foster retired from the Board at the end of the reporting period. 🔹 Strong Balance Sheet maintained with A$177 million cash, no debt, and US$90 million Dorado development free carry. #CVN's CEO, Philip Huizenga, commented: “Whilst we eagerly anticipate FEED re-entry for the Dorado Project during the next quarter, we are encouraged by the ongoing progress being undertaken with respect to the various technical studies that are supporting the conceptual re-shaping of the initial liquids’ development project. "As noted previously, the re-shaping has allowed the Joint Venture development team to assess various options for the key infrastructure, which continued during the quarter. With FEED re-entry anticipated for the December quarter, expected to build on the extensive work already undertaken, we look forward to the Joint Venture being able to progress the project towards FID, which is targeted in 2025. Finally, I would like to welcome Susan Jones to the Company as a Non-Executive Director. Susan’s experience will be a valuable addition to the Board as it drives Carnarvon’s strategic directives, especially with respect to entering FEED and progressing to FID. I would also like to thank Bill Foster for his significant contributions to the Company over the past fourteen years.” VIEW the Report: https://loom.ly/K2Ij5Hs #Shareholders #Investing #CarnarvonEnergy #oilandgas #energydemand #ASX #MiningAustralia #Investing

The Board of Directors of ACEN International, Inc. (ACEN International), a subsidiary of ACEN, approved the acquisition of and investment directly by ACEN International or through an affiliate in the Hackberry Wind Project, a 165.6 MW wind energy project located in Shackelford County, Texas, USA, subject to finalization of commercial terms, satisfaction of agreed conditions precedent, and execution of definitive documentation. #renewableenergy #retail #bonds #stockmarket #stocks #realestate #finance #Business #Corporate #Corporation #Entrepreneur #Philippines #Invest #Investment #investingtips

Brookfield Asset Management has entered into a share purchase agreement with the shareholders of Neoen to acquire a majority stake in the French renewables and battery developer. After completing Neoen's works council information and consultation process, Brookfield (as the purchaser) signed a share purchase deal with Impala, Fonds Strategique de Participations managed by ISALT, Cartusia, Xavier Barbaro, and other shareholders. This agreement involves acquiring approximately 53.12% of Neoen's outstanding shares at €39.85 per share, referred to as the “Block Acquisition.” Additionally, Brookfield has made a tender agreement with Bpifrance, through its ETI 2020 fund. Bpifrance has committed to tendering all its shares in Neoen, representing 4.36% of Neoen's share capital, in the tender offer that Brookfield will launch after the Block Acquisition is completed. Click the link below for the full story and follow us for daily mandates & news. #renewableenergy #renewables t #investment

Glencore’s South African ferroalloys division and its joint venture partner Merafe agreed a deal with Pele Green Energy to build a R2.1 billion utility-scale renewable energy plant. Nedbank and Absa will provide debt, while Pele will contribute equity, Pele’s Managing Director Gqi Raoleka said in an interview. https://lnkd.in/eBeeQwJZ

Harry James Group, a Newcastle-based global recruitment firm focused on renewable energy, secured a £15,000 Start Up Loan in 2020. Four years later, the business is now a provider of renewable energy talent solutions in 15 countries. 👉 https://bit.ly/40s5x8s

The intricacies of raising renewable energy finance. In the 2024 Mining & Energy Handbook produced by The Brief Live Nam, Hileni Ollyn Nghinaunye, our Portfolio Manager at Mergence Unlisted Investment Managers (Namibia), writes about the sophistication and knowledge required to raise finance for renewable energy projects. Mergence is launching its Fund II on the back of the success of Fund I, which will continue to invest in the renewables sector through practical private funding options. By boosting the energy security of Namibia, we are both contributing to the national economy and helping to uplift communities. #InfrastructureFinance #RenewableEnergy #EnergySecurity #Namibia #Mergence #SustainableInvesting #Investment #Finance