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ISTANBUL (Reuters) - Turkish asset management company Re-Pie aims to expand its portfolio to 4 billion lira ($490 million) with investments in renewable energy, agriculture and health, its chairman said.
Istanbul-based Re-Pie has already set up a fund to grow in health and health technologies, Emre Camlibel told Reuters, adding that other areas of investment could include financial and agricultural technology.
Re-Pie plans to make the new investments within Turkey, Camlibel said.
“We aim to grow our portfolio to 4 billion lira from a current 2.4 billion lira this year. We are prioritising growing in renewable energy and plan to set up a fund to invest in hydroelectric power plants,” Camlibel said in an interview.
A record 260 gigawatts (GW) of new renewable energy capacity was added worldwide in 2020, up 50% from the year before, the International Renewable Energy Agency (IRENA) said, as countries further reduced their reliance on fossil fuel power.
By Reuters Staff
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JOHANNESBURG (Reuters) - South African energy start-up Sun Exchange raised $1.4 million in a crowd sale of solar cells of a 1.9 megawatt (MW) solar and battery storage facility at Zimbabwe’s Nhimbe Fresh farm, the firm said on Wednesday.
Investors were invited to purchase individual solar cells in the project. In exchange, they will earn a rental income in cryptocurrency from the electricity generated.
Sun Exchange said the crowd sale attracted more than 1,700 individuals buyers.
Nhimbe Fresh is one of Zimbabwe’s biggest fruit and tobacco producers. The solar project is part of its plans to power its entire operation, including cold store and packhouse facilities, through solar power.
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(Reuters) - Energy Capital Partners (ECP) raised a $1.2 billion fund that it used to buy a 50% stake in U.S. renewable power and storage developer Terra-Gen from another of its funds, the private equity firm told Reuters on Thursday.
FILE PHOTO: Wind turbines spin during a winter storm near Palm Springs, California, U.S., March 10, 2021. REUTERS/Mike Blake/File Photo
The deal pays out investors in the fund Energy Capital Partners III, after the buyout firm invested in Terra-Gen in 2015. It also allows ECP to continue earning fees for managing the stake in the new fund.
For Terra-Gen, the fund provides capital to support developing new projects, something that ECP III would not have been able to do as its cash was already fully deployed.
Up to EUR 0.6 bln due in additional payments Deal accretive from year one Shares up 3.5% (Adds details, CEO quotes)
April 1 (Reuters) - French infrastructure group Vinci said on Thursday it agreed to buy the energy business of Spain’s ACS for about 4.9 billion euros ($5.75 billion) in cash, with additional payments due depending on the development of renewable assets.
With an identified potential of about 15 gigawatts of projects and ACS’ presence in Spain and Latin America, Vinci aims to bolster its energy contracting business and develop renewable projects, the company said.
“It’s only beginning of the story.,” Vinci’s Chief Executive Xavier Huillard said during an analyst call, adding he was positively surprised by the quality and renewable energy potential in the pipeline.