Singapore-based physical commodities trader Trafigura Group Pte Ltd intends to establish a renewable energy portfolio of 2,000 MW by 2027, according to a new corporate brochure.
Presently, the company’s renewables pipeline amounts to 350 MW and it includes a 50-MW solar photovoltaic (PV) project in Mali. Trafigura is participating in the particular development through its part-ownership of renewables firm PASH Global, which purchased a 49.9% stake in the project a few months back.
The company is also working on large-scale solar installations at some of its energy-intensive investments and owned assets, including mines and logistics terminals. It will also be supporting hydrogen power and alternative fuel projects.
Trafigura explains that third-parties can invest alongside it in solar PV, onshore wind and energy storage projects through the renewables fund of investment subsidiary Galena Asset Management.
Source: Renewables Now