• 5 minutes Mike Shellman's musings on "Cartoon of the Week"
  • 11 minutes Permian already crested the productivity bell curve - downward now to Tier 2 geological locations
  • 17 minutes WTI @ 67.50, charts show $62.50 next
  • 14 hours The Discount Airline Model Is Coming for Europe’s Railways
  • 2 hours Pakistan: "Heart" Of Terrorism and Global Threat
  • 1 day Newspaper Editorials Across U.S. Rebuke Trump For Attacks On Press
  • 7 hours Desperate Call or... Erdogan Says Turkey Will Boycott U.S. Electronics
  • 7 hours Venezuela set to raise gasoline prices to international levels.
  • 19 hours Saudi Fund Wants to Take Tesla Private?
  • 1 day Batteries Could Be a Small Dotcom-Style Bubble
  • 3 hours Renewable Energy Could "Effectively Be Free" by 2030
  • 1 day Starvation, horror in Venezuela
  • 20 hours Scottish Battery ‘Breakthrough’ Could Charge Electric Cars In Seconds
  • 43 mins Are Trump's steel tariffs working? Seems they are!
  • 1 day France Will Close All Coal Fired Power Stations By 2021
  • 1 day Don't Expect Too Much: Despite a Soaring Economy, America's Annual Pay Increase Isn't Budging
Oil Prices Jump As Saudis Cap Oil Supply

Oil Prices Jump As Saudis Cap Oil Supply

Oil prices rose on Tuesday…

Oil Prices Fall On Significant Crude Build

Oil Prices Fall On Significant Crude Build

Oil prices fell on Wednesday…

Terra Firma to Set Up a $5 Billion Renewable Energy Investment Fund

The private equity firm Terra Firma has joined with the Chinese Development Bank to create a multi-billion dollar renewable energy investment fund. They will start “raising between $3 and $5 billion in the next few months, with China Development Bank to put an as-yet-undefined amount into the fund.”

The move into renewable energy is not new for Terra Firma who already own; Infinis, which collects landfill gas; EverPower, a US wind farm operator; and Rete Rinnovabile, Italy’s leading solar power generator.

Despite the cuts that some governments have made to their renewable energy subsidy schemes, Terra Firm clearly remain confident that the renewable energy sector is going to continue to grow.

Renewable Energy: Deal with the "Devil", Invest in Iranian Renewable Energy

A report from the UN Environment Programme said that the “cuts have not much dented the investment picture overall and global spending on renewable energy reached $257 billion in 2011.”

China Development Bank will focus on attracting investors from China, while Terra Firma will focus on the US and Europe.

By. Joao Peixe of Oilprice.com



Join the discussion | Back to homepage

Leave a comment

Leave a comment

Oilprice - The No. 1 Source for Oil & Energy News