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The world’s largest wind market also accounted for a 35% market share of the sector globally with a cumulative capacity standing at 169GW.
The scheme, which co-locates a utility-scale solar plant with a pumped hydro storage facility, is the first of its kind in the country.
Sonnedix is teaming up with a renewables firm to develop a portfolio of greenfield projects, boosting its overall investment in the country to over $1.3bn.
The company already has a portfolio of more than 20 solar and wind projects in various stages of development in the country.
Blackstone is excited about the returns it can net by helping to make American infrastructure great again. But what’s really promising is to see that interest coincide with an increased appetite for higher-risk/higher-return strategies.
Backed by two Japanese trading companies, the 1.76GW project will seek financing after contracting its output to domestic utility PLN.
TransCanada, developer of the North American pipeline, already has a high amount of leverage and faces political roadblocks to build the project, according to Moody’s.
Former Mexican President Vicente Fox scored a historic presidential victory in 2000, bringing the National Action Party to power and ending 71 years of uninterrupted rule by the Institutional Revolutionary Party. Ahead of his appearance at our Global Summit 2017, Fox explains how Mexico’s energy reform can end decades of low growth and what the country can do to protect itself from a trade war with the US.
The world’s third-largest economy is ramping up efforts to improve its transport systems by attracting private capital, including from abroad.
Domestic giants are vying with foreign players for a slice of the growing market despite signs that a significant share of the output is not being used.