News

IPP

Staff Reporter

, New Zealand

Published:

4 months ago

Photo by Pixabay on Pexels

SC Oscar acquires NZ solar developer Rānui Generation

The NZ firm has four projects in the development stage.

Singapore-based fund management firm SC Oscar, through its renewable energy infrastructure fund SC Renewable Energy Plus Fund 1, fully acquired New Zealand solar PV project developer Rānui Generation, including its four projects of around 157 megawatts-peak.

In a statement, SC Oscar said Rānui will now proceed with the construction of its first project in Northland, following the acquisitions, and will boost the development of three other greenfield solar projects set to start construction in 2025.

The portfolio has a total investment of around $135m.

“SC Oscar is actively considering a number of investments in the Asia Pacific renewable energy space, and we are particularly attracted to Rānui Generation due to the robust and competitive New Zealand electricity market and the excellent quality of the Rānui portfolio,” SC Oscar CEO & Co-Founder Conor McCoole.

“SC Oscar aims to create long-term value for investors by investing in the energy transition and we are delighted to support New Zealand in its commitment to a full transition to renewable energy,” he added.

Also Read

Alternergy takes over Tablas Offshore Wind Power Projects

ACEN’s net income grows 24% to $138m in 9M 2024

Since you're here...

...there are many ways you can work with us to advertise your company and connect to your customers. Our team can help you dight and create an advertising campaign, in print and digital, on this website and in print magazine.

We can also organize a real life or digital event for you and find thought leader speakers as well as industry leaders, who could be your potential partners, to join the event. We also run some awards programmes which give you an opportunity to be recognized for your achievements during the year and you can join this as a participant or a sponsor.

Let us help you drive your business forward with a good partnership!

I want to download the media kit

Top News

MAS-backed coalition unveils framework for coal phase-out

It highlights the need to align with Just Transition principles and sustainable development goals.

2 days ago

Power generation’s rising importance in carbon neutrality

It currently dominates the carbon abatement cost spectrum.

2 days ago

Hydrogen to contribute 12% of global decarbonisation

There is potential for clean hydrogen to develop into a major market.

Environment

2 days ago

India’s lithium-ion battery storage demand to reach 54 GWh by 2027

Decarbonisation of grids is driving demand.

2 days ago

Exclusives

MGen may ‘mimic’ $4b solar project north of Manila

The power generator expects to be busy with Terra Solar in the next three years.

Power Utility

6 days ago

Coal-dependent ASEAN told to scale up RE generation

A regional power grid could help governments in their renewable energy transition.

Safety concerns cloud Hong Kong’s ‘green’ transport ambitions

Hydrogen fuel is volatile, highly flammable and expensive, an energy expert says.

Indonesia told to tap communities in clean energy transition

Solar and wind power managed by villages could generate 96 million jobs over 25 years.

Event News

Asian Power Awards 2024 Winner: Nepal Water and Energy Development Company (NWEDC)

NWEDC's EPIC process has set new benchmarks for community engagement and sustainable energy development in Nepal, winning the Hydro Power Project of the Year - Silver category at the Asian Power Awards 2024.