With the new fund, Brookfield aims to achieve a larger fundraiser than its first financing round, which closed at $15 billion in June 2022 and became the largest fund of its kind in the world.
Environment+Energy Leader Search Results
Global Renewable Energy Market Expected to Reach $2.45 Trillion by 2032
Among the reasons for the growth, according to Straits Research, is renewable energy sources are reliable, resilient, and the cost is comparatively lower than fossil fuels.
Europe’s Largest Renewable Energy Generator to Invest $6.6B in Norwegian Hydro, Wind
The investments will add 2,500 gigawatt hours or more wind power production, which is more than double the current production, plus a 20% increased capacity in hydroelectric power plants.
Aggreko Acquires Nine Community Solar Projects in New York
With one of the projects recently connected to the grid, Aggreko aims for the additional projects to reach commercialization and grid connection by the end of next year.
First Shared Solar Projects Debut in Virginia
The 5 megawatt project in Waynesboro is one of 12 solar facilities by Dimension under the state’s shared solar program.
U.S. Solar Electricity Expected to Surpass Hydropower in 2024
Installed solar power capacity has increased at an average rate of 44% each year from 2009 to 2022, the EIA says.
Rio Tinto, Prysmian Partner for Sustainable Aluminum, Renewable Energy Supply Chain
Rio Tinto will supply low-carbon aluminum for Prysmian cables, and the companies plan to develop solutions to meet North American electrification demand.
DOE Commits $1.3 Billion for Electric Grid Transmission Expansion
The investment will go to building three interregional transmission lines, adding 3.5 gigawatts of grid capacity.
Mitsubishi, General Electric, Wärtsilä Expect Natural Gas Flood
The Grand River Dam Authority (GRDA) hired Mitsubishi Power to build a natural gas facility in Oklahoma, which typifies the transition from coal to natural gas.
California Senate Votes to Assess Wave and Tidal Energy in the State
The National Renewable Energy Laboratory estimates that wave and tidal energy has the feasibility to provide 30% of the country’s energy needs.