Funds in U.S. and China in $3.7 Billion Renewable Energy Deal, Biggest to Date

first_imgBloomberg News:Renewable-power is attracting more investor interest as governments throughout Asia seek alternatives to fossil fuels to meet rising energy demand and combat pollution. Equis Energy, which is developing one of the largest solar plants in Australia, has over 180 assets in operation, construction and development with capacity of more than 11 gigawatts, according to the statement.The size of the deal “may be a signal that scale is also important in the renewable-energy industry as traditional tariff structures and incentives are dismantled and costs need to be reduced to improve investment returns,” Tom O’Sullivan, founder of Tokyo-based energy consultant Mathyos, said by email.The acquisition is the biggest ever for the renewables industry, according to the companies and Bloomberg New Energy Finance. Equis Energy “is a strong fit with GIP’s global renewable-investment strategy,” Adebayo Ogunlesi, GIP’s chairman and managing partner, said in the statement. Equis Energy is the largest independent renewable-energy power producer in the Asia Pacific, according to the statement.Credit Suisse Group AG and JPMorgan Chase & Co. were financial advisers for Equis Energy, with Skadden, Arps, Slate, Meagher & Flom LLP acting as legal adviser. Clifford Chance LLP advised GIP, the companies said.Global Infrastructure Partners III fund is buying Equis Energy with investors including Canada’s Public Sector Pension Investment Board and CIC Capital Corp., it said in a separate statement.Equis Energy assets include:Solar: 2.4 GW of generation capacity; 4.3 GW under development.Wind: 2.3 GW of generation capacity; 2 GW under development.Hydroelectric: 0.3 GW of generation capacity.More: GIP to Buy Equis Energy in Record $5 Billion Renewable Deal Reuters:U.S. fund Global Infrastructure Partners (GIP) has agreed to buy Equis Energy, Asia’s largest independent renewable energy firm, for $3.7 billion with partners including sovereign fund China Investment Corp, underscoring growing global interest in renewables investment.Singapore-headquartered Equis is the largest renewable energy independent power producer in Asia‐Pacific, with over 180 assets comprising solar, wind and hydro generation spread across countries including Australia, Japan, India and the Philippines.Equis’ assets have installed capacity of more than 11 gigawatts. A big chunk of the assets are based in Japan.“The transaction is the largest renewable energy generation acquisition in history and positions GIP as a dominant renewable energy developer in the key OECD growth markets of Australia and Japan, as well as across India and South-East Asia,” Equis Pte Ltd and GIP said in a statement on Wednesday.Moody’s Investors Service said in September that renewables would become a central focus of national energy policies as more countries shift to renewable procurement through competitive auctions.Reuters reported in July that Japanese trading firms, global pension funds, several companies and buyout firms were competing to buy Equis, at a time when many Asian governments are expanding the use of renewable power and its costs are falling.“Government policies are supportive and encouraging of renewables. But just as important and if not more so, is that the cost curve of both wind and solar has come down massively,” one person familiar with the Equis deal said on Wednesday.More: U.S. fund, CIC snap up Equis Energy for $3.7 billion in bet on renewables Funds in U.S. and China in $3.7 Billion Renewable Energy Deal, Biggest to Datecenter_img FacebookTwitterLinkedInEmailPrint分享Wall Street Journal:A group including a U.S.-based private-equity firm and China’s sovereign-wealth fund has agreed to acquire Equis Energy, which oversees one of Asia’s largest collections of independent renewable-energy assets, for $3.7 billion.Global Infrastructure Partners, or GIP, leads the consortium, whose members include China Investment Corp. unit CIC Capital Corp. and Canada’s Public Sector Pension Investment Board, GIP said Wednesday.The planned acquisition will provide the group with access to many of the largest and fastest-growing renewable markets in the Asia-Pacific region, including Japan, Australia, Indonesia, the Philippines, India and Thailand.Equis said that including assumed liabilities of $1.3 billion, the deal is valued at $5 billion.The deal is the largest to date in the global renewable-energy-generation sector, according to a joint statement by Equis and GIP.Equis takes investments from various global public and private pension funds and financial institutions to develop and manage its renewable-energy portfolio. It has more than 180 such assets, comprising capacity of 11,135 megawatts, across the Asia-Pacific region.More ($): U.S., China Funds Land Asian Renewable-Energy Giant Equislast_img read more

Harnessing your data to build a better marketing strategy

first_img continue reading » There’s a Chinese proverb that says, “The best time to plant a tree was 20 years ago. The second best time is now.” That couldn’t be more true than in the case of data-driven marketing.A few years ago, companies that were considered innovative and ahead of the curve began using consumer data generated by years of digital activity to redefine marketing as we knew it. Now, those companies are the ones that are on track for continued success. That leaves the rest playing catchup in order to create a solid marketing foundation for the future.Much of the financial industry is behind the data curve. For the past two years, incorporating AI, big data, and advanced analytics into marketing strategies has been ranked as the most important area of focus for financial institutions in the coming year.1,2  Despite this general consensus, many financial institutions are missing out on the opportunities data provides. And the financial industry as a whole is falling behind. ShareShareSharePrintMailGooglePinterestDiggRedditStumbleuponDeliciousBufferTumblrlast_img read more

Congratulations, Winners!

first_imgCongratulations to our 3 area winners who will be playing in the basketball regionals this weekend.  They are Greensburg, South Ripley, and Connersville.In 2A South Ripley won their own sectional by defeating Milan.  They will play in Paoli against South Knox.  In 3A, Greenburg also won their own sectional by defeating the Lawrenceburg Tigers.  They will play at Washington against Pike Central.  The final team to win a sectional is Connersville in the 4A division.  They are playing at Southport where they will be facing Brownsburg.  To win a regional, you must win 2 games in one day.Good luck to these area teams!last_img

Gibson, Dietrich lead Rangers to a 6-4 win over Rockies

first_img First Published: 16th August, 2020 09:36 IST Associated Press Television News WATCH US LIVE Last Updated: 16th August, 2020 09:36 IST Gibson, Dietrich Lead Rangers To A 6-4 Win Over Rockies Kyle Gibson pitched into the seventh inning for his first win with Texas and newly signed Derek Dietrich hit a two-out, three-run home run in the eighth as the Rangers beat the Colorado Rockies 6-4 Saturday night for their season-high fourth consecutive win Kyle Gibson pitched into the seventh inning for his first win with Texas and newly signed Derek Dietrich hit a two-out, three-run home run in the eighth as the Rangers beat the Colorado Rockies 6-4 Saturday night for their season-high fourth consecutive win.Shinn-Soo Choo had three hits and two RBIs and Jose Trevino also had three hits for the Rangers, who ensured their third straight series win. They moved a game above .500 for the first time since a season-opening win over Colorado in Texas.Trevor Story had three hits and Tony Wolters had a two-run double for the Rockies, who have lost five of six since an 11-3 start. Charlie Blackmon broke out of an 0-11 run at the plate with an eighth inning triple, leaving his batting average at .438.Gibson (1-2), who signed with Texas in the offseason after spending the first 10 years of his career with Minnesota, went 6 1/3 innings and allowed two runs on seven hits. He struck out two and walked one in his first career appearance against the Rockies. Rafael Montero worked the ninth for his fifth save, allowing an unearned run after leadoff man Raimel Tapia reached on catcher’s interference.Dietrich, who hit a career-high 19 home runs for Cincinnati last season, joined the Rangers on a minor league deal Monday after being released by the Chicago Cubs a week ago. He was signed to a major league contract Tuesday and activated by the Rangers and has been making an impact ever since.In the eighth, he hit the first pitch he saw from Carlos Estevez, driving it the opposite way into the left field bleachers for his first homer with the Rangers.The Rockies broke on top on Wolters’ two-run double in the second inning but the Rangers generated plenty of baserunners against German Marquez (2-3) and managed to chip away at the lead despite a Colorado defense that turned three double plays.Choo’s RBI singles in the third and fifth innings pulled the Rangers into a 2-2 tie. Isiah Kiner-Falefa reached on a fielder’s choice for the first out in the fifth and Willie Calhoun followed by lining out to third baseman Nolan Arenado. But Arenado threw wide of first for an error trying to double up Kiner-Falefa, allowing Jose Trevino to score from third with a go-ahead run.Marquez went six innings and allowed nine hits and three runs — two earned. He walked two and struck out three.REFLECTIONS ON A GEMThe complete-game victory by the Rangers’ Lance Lynn on Friday was just the eighth time in the history of hitter-friendly Coors Field in which two or fewer hits were allowed over a nine-inning game. Lynn, who improved to 3-0 with a 1.11 ERA on the season, was also the first opposing pitcher to go the distance at the park and limit the Rockies to two or fewer hits without issuing a walk. “It goes to show you how overpowering his fastball really is and how much life is on it,” teammate Todd Frazier said. “It’s fun to play behind him. He works quick, he’s got energy, he’s got passion.”TRAINER’S ROOMRockies: INF-OF Chris Owings missed a second consecutive game with a strained left hamstring. He left Wednesday’s game against Arizona early after sustaining the injury running out a groundout.UP NEXTRangers: LHP Kolby Allard (0-0, 1.00 ERA) is pitching off a career-high seven days between starts. He allowed two hits in five scoreless innings in his last outing against the Los Angeles Angels. Left-handed hitters are 0-5 with five strikeouts against him this season.Rockies: RHP Jon Gray (0-2, 6.41 ERA) was roughed up in his last outing against Arizona, giving up eight runs on 11 hits in 3 1-3 innings. But he has had success in interleague play, especially at Coors Field, where he’s 4-0 with a 1.85 ERA in six career games against AL teams.Image credits: AP COMMENTcenter_img Written By SUBSCRIBE TO US LIVE TV FOLLOW USlast_img read more

Tulane parts ways with coach Mike Dunleavy Sr., reports say

first_imgMidway through that losing streak, Tulane athletic director Troy Dannen gave Dunleavy a vote of confidence.“Mike Dunleavy’s not going anywhere,” Dannen said in February. “This has been a tough season, but I’m as optimistic about the program today as I was when I hired Mike three years ago.” But Dunleavy’s three seasons at the Tulane helm certainly didn’t go as he or Dannen expected. The Green Wave finished 6-25 in his first season, improved to 14-17 last year, but stumbled badly this year. Dunleavy finishes with a 24-69 mark at Tulane.Dunleavy, who had three years remaining on his contract, played 14 seasons in the NBA and had a 613-716 record in 17 seasons as an NBA coach for the Bucks, Lakers, Trail Blazers and Clippers. He won NBA coach of the year honors with Portland in 1999.It would be unfair to lay the entire blame on Dunleavy for Tulane’s recent shortcomings. The Green Wave lost 22 games the season before he arrived and have not qualified for the NCAA tournament since 1995. Tulane has parted ways with head coach Mike Dunleavy Sr., according to multiple reports.The Green Wave ended the season with a 21-game losing streak to finish 4-27, the most losses in the school’s history. UNLV fires coach Marvin Menzies Related Newslast_img read more