RRC Companies’ Post

MUFG is proud to have been a coordinating lead arranger in financing Intersect Power's commercial operation of its Oberon and Oberon II Solar and Storage projects, located in Riverside County, California. The Oberon projects are a new source of clean power in the region that: • Generate 679 MWp of reliable solar energy, enough to power over 207,000 homes a year, and features 1 GWh of co-located storage. • Align with the Inflation Reduction Act's (IRA) priorities of domestic content and paying prevailing wages. • Are the first projects to be completed under The Bureau of Land Management’s (BLM) Desert Renewable Energy Conservation Plan. You can read the full press release from Intersect Power here: http://ms.spr.ly/6044i8i1I #SolarEnergy #RenewableEnergy #InflationReductionAct

A consortium of investors, including Equitix, Tages Capital SGR, and La Finanziaria Trentina, agreed to acquire a 40% stake in Hydro Dolomiti Energia, one of the major Italian hydroelectric energy producers, from Macquarie Group, a global financial services group, for €400m. "Hydropower is a strategic asset, playing a key role in the energy transition and providing a clean and system-critical source of power as the installation of new solar and wind accelerates across Italy. Under our stewardship with the Dolomiti Energia Group, HDE has continuously provided a secure and reliable source of electricity while developing a highly-skilled technical and commercial operations team, and contributing to the economy of the province. We wish the business every success as it embarks on its next chapter," Stephane Brimont, Macquarie Asset Management Managing Director. Macquarie Group (led by Stephane Brimont) is advised by Rothschild & Co. Equitix is led by Hugh Crossley. Tages Capital is led by Panfilo Tarantelli. La Finanziaria Trentina is led by Massimo Fedrizzi. #MergersAcquisitionsDiversitures #PrivateEquity #Energy #Hydropower

We welcome yesterday’s launch of a detailed Industrial Growth Plan, which sets out how to triple offshore wind manufacturing capacity over the next ten years. The collaborative study undertaken by KPMG on behalf of RenewableUK, the Offshore Wind Industry Council, the The Crown Estate and Crown Estate Scotland, will help guide UKIB’s investment activity for the sector. Our Senior Policy Advisor Lucy Crabtree and Director in Banking and Investments Nathalie Haller attended the launch. Nathalie said: “It’s great to see the offshore wind industry, in partnership with the Crown Estate and Crown Estate Scotland, come together to set out their shared view of the investment needs in the UK supply chain and outline a targeted approach to solve bottlenecks and de-risk delivery, as well as steer investment towards strategic priorities to build the UK’s competitive advantage. "We look forward to working closely with the sector to help deliver the investment needed to accelerate offshore wind deployment in line with net zero targets, boost manufacturing in the UK and deploy our capital in areas, which, as this Plan sets out, are expected to bring significant economic benefits to the UK.” Read the plan: https://lnkd.in/e9f6E6Bm #OffshoreWind #NetZero #IndustrialStrategy

Today we are thrilled to see the unveiling of the Industrial Growth Plan by Renewable UK, the Offshore Wind Industry Council, The Crown Estate and Crown Estate Scotland. This plan sets the stage for tripling offshore wind manufacturing capacity in the UK over the next decade. With the UK already employing 32,000 individuals in offshore wind and each new project injecting billions into the economy, the growth potential is immense. The plan outlines strategies to create over 100,000 jobs by 2030 and generate up to £92 billion in economic opportunity by 2040. For Hexicon and other companies in the offshore wind sector, this growth plan provides a clear roadmap for future projects and investments. The focus on strengthening the supply chain and driving key technology areas will undoubtedly propel our industry forward. As we move towards a greener, more sustainable future, initiatives like the Industrial Growth Plan will play a crucial role in driving economic growth, job creation, and maintaining the UK's leadership in offshore wind. #OffshoreWind #IndustrialGrowthPlan #RenewableEnergy #floatingoffshorewind

We’re thrilled to be recognized in The Legal 500 (Legalease)’s 2024 U.S. Green Guide, spotlighting our commitment to sustainability within the U.S. and our role in leading the charge in ESG, sustainability, and the energy transition. The guide highlights the recent expansion of our U.S. energy transition and renewables platform, our carbon reduction strategy, our ESG pro bono work, and a series of our clean energy transactions, including: • Advising Mayflower Wind in the development of an offshore wind project off the Massachusetts coast • Representing of Danish energy company Ørsted on the Formosa 1 and Race Bank offshore wind farms • Advising Avantus on the sale of the Big Rock 1 200 MW energy storage system project to Gore Street Energy Storage Fund • Facilitating a groundbreaking $2 billion offering for the Republic of Chile in its inaugural sustainability-linked bond issuance Learn more about our global Energy & Infrastructure offering: https://lnkd.in/eND7rqie Learn more about our ESG platform: https://lnkd.in/ewYGwa9 #renewables #ESG #sustainability #cleanenergy #energytransition 

🇬🇧 The United Kingdom needs offshore wind at scale to reach net zero, cut bills and secure energy security.   The recent Allocation Round 6 demonstrates the UK’s ambition to remain a global offshore wind leader.   The industry faces many financial challenges with the rising manufacturing, financing and insurance costs, all impacting the ability to maximize opportunities and return on investments.   How will the UK de-risk projects and create sustainable financing and insurance models to support the shift to renewable energy sources such as wind?   Catch up with Greg Campbell-Smith at the Legal & Finance RenewableUK for an exciting panel on “investment structures for emerging technologies.”   Principle Power’s Senior Business Development Manager for Northern Europe will explain the pivotal role that track record plays in de-risking floating wind projects. The discussion will also draw insights from the WindFloat Atlantic and LES EOLIENNES FLOTTANTES DU GOLFE DU LION (EFGL) projects to demonstrate how proven technologies and qualified contractors increase the likelihood of project success.   Save the date: November 23, 10:15 AM (GMT).   Speakers: Clare Foster (Shepherd and Wedderburn), Miriam Noonan (Cierco Energy), Jean Vercoutter (MUFG), Greg Campbell-Smith (Principle Power)   Moderated by Ana Musat (RenewableUK)   Register here: https://lnkd.in/e3QG64uV     #300X30 #PrinciplePower #windfloat #renewableenergy #offshorewind #floatingwind #netzero

Global #renewableenergy investment increased by 22% and hit an all-time high of $358 billion in the first half of 2023. However, global #windpower #investment fell in the first half of 2023, according to a new report by BloombergNEF Spending in the wind industry worldwide was down 8% compared with the same period last year, with investment totalling $94 billion in the first six months of the year. Grid constraints, permitting challenges and faltering policy support in multiple markets are leading to a reduced global pipeline of ready-to-develop projects, which in turn is denting asset financing volumes. Also, lower equipment costs translate into lower overall spending, the report pointed out. 👉 More information here: https://lnkd.in/ek73YFe6

We are thrilled to welcome the new Industrial Growth Plan, which aims to increase the UK's offshore wind manufacturing capacity and establish the country as a global market leader.    Published by RenewableUK, The Offshore Wind Industry Council, The Crown Estate, and Crown Estate Scotland, the Industrial Growth Plan outlines a targeted approach to triple manufacturing capacity over the next decade, generating employment opportunities and securing the UK's leadership in international export markets.    The UK offshore wind industry already employs 32,000 people, and the measures set out in the plan would support an additional 10,000 jobs a year and boost the UK's economy by a further £25 billion between now and 2035.    Claire Mack, Chief Executive of Scottish Renewables, commented on the plan: "With an abundance of natural resources and a huge pipeline of projects, the UK stands on the cusp of a golden opportunity to build a world-class offshore wind supply chain. This will bring fresh investment to our shores, regeneration to our industrial heartlands and high-value jobs to communities across the country."    The plan is designed to provide a shared vision that enables industry, governments across the UK, and other funders to better align their investments to boost green jobs and manufacturing in the UK.   We look forward to following the progress towards achieving the targets in the plan and continue contributing to a greener, sustainable economy. See the full plan here: https://lnkd.in/e9f6E6Bm   #offshorewind #renewableenergy #industrialgrowthplan #ScotWind

The UK and European offshore wind industry is poised for exponential growth, driven by ambitious net-zero targets and a surge in demand for clean energy. To navigate this exciting landscape, join us at the UK & European Offshore Wind Policy & Investment Summit on 5th March 2024, in London.   Here's what awaits you: ➡️ High-level policy insights: Gain exclusive access to decision-makers and leading experts shaping the future of offshore wind policy in the UK and Europe. ➡️ Investment opportunities: Discover cutting-edge technologies, innovative projects, and lucrative investment avenues in this rapidly expanding sector. ➡️ Networking and collaboration: Connect with key industry players, investors, developers, and other stakeholders to forge valuable partnerships and drive progress. ➡️ Actionable intelligence: Uncover the latest trends, market forecasts, and technological advancements to guide your strategic decision-making.   Some of the confirmed speakers include: 🎤 Rt. Hon. Alun Cairns, MP, Vale of Glamorgan Council 🎤 Georgios Kalpias, CFA, Vice President Power Renewables & Infrastructure, HSBC 🎤 Alexandre Franceschini, SVP, Corio Generation 🎤 Albert Clark, Head of Offshore Wind, Department for Business and Trade 🎤 Adam Berman, Deputy Director, Energy UK 🎤 Clark MacFarlane, UK Managing Director, Siemens Gamesa 🎤 Dr Anne Velenturf, Senior Research Fellow in Circular Economy, University of Leeds 🎤 Adam Ezzamel, Head of Offshore Development E&W, RWE Don't miss this unique opportunity to: 💥 Gain first-mover advantage in the booming offshore wind market. 💥 Network with key stakeholders and build strategic partnerships. 💥 Discover the latest policy developments shaping the industry. 💥 Learn from industry leaders and experts. 💥 Make informed investment decisions.   Secure your place today and join us at the UK & European Offshore Wind Policy & Investment Summit! Click here to register: https://lnkd.in/eqeeT6zN #OffshoreWind #WindPolicy #WindInvestment

The real estate industry is not only a major consumer of energy, but also a key enabler of renewable energy generation and storage🔋 As the UK strives to achieve its net zero targets by 2050, what are the main challenges and opportunities for the real estate sector to support this transition? We recently hosted a roundtable bringing together leading developers, asset managers and investors, as well as energy, planning, policy and legal experts, who explored specific power supply challenges faced by the real estate industry. Some of the key topics covered in part 2 of the discussion include: 🔌 Power allocation ⚠️ Capacity constraints ☀️ Rooftop solar 💼 Investor value ♻️ ESG collaboration Read more about the roundtable and watch part 2 of the discussion here: https://lnkd.in/eQqwhyee Thank you to our panel for their time and valuable insights: Alan Somerville (Tritax Group), Angie Fenton (Quod), Chris Hollis-Thompson (Matrix Group), Edward Sargent (EDF Renewables / Pivot Power), Peter Henry (Harworth Group plc), Rob Wall (BPF), and Shoosmiths’ Chris Pritchett, James Needham and chair Kellie Hatton. In part 3, the panel discuss examples of innovative solutions, funding considerations and the importance of partnerships. #RealEstate #PowerSupply #SustainableDevelopment #EnergyandInfrastructure