Category: Big Moves

Duke, TotalEnergies emerge as winners in the US offshore wind auction

The US Department of the Interior (DOI) has announced that TotalEnergies of France and Duke Energy Corp (DUK.N) of the US have been awarded offshore wind leases in federal waters off the coasts of North and South Carolina. The winning bids totalled $315 million, with Duke receiving $155 million and TotalEnergies receiving $160 million.

Read More

Corio and Ontario Teachers to set up 9 GW of global offshore wind capacity

Corio Generation, a portfolio company of Green Investment Group (GIG), has partnered with the Ontario Teachers’ Pension Plan Board (Ontario Teachers) to develop up to 9 GW of offshore wind capacity worldwide. The collaboration encompasses 14 fixed-bottom and floating projects that Corio is currently building in South Korea, Taiwan, Japan, Ireland, and the UK.

Read More

EWEC invites EoI for 1.5 GW of solar PV project in Abu Dhabi

The Emirates Water and Electricity Company (EWEC) of the United Arab Emirates (UAE) has invited developers to submit expressions of interest (EOIs) for a 1.5 GW solar photovoltaic (PV) project in Abu Dhabi. The Al Ajban Solar PV project would be built in the Ajban area of the Emirate of Abu Dhabi. The solar project will have the capacity to power nearly 160,000 homes across the UAE once it is operational, displacing more than 2.4 million tonnes of carbon dioxide each year.

Read More

Acciona begins construction of GW-scale Australian wind farm

Acciona Energía, a Spanish renewable energy company, has begun construction on the MacIntyre complex, a 1,026 MW wind farm in Queensland, Australia. MacIntyre and Karara wind farms are part of the $1.4 billion wind complex. MacIntyre is a 923 MW wind farm in which ACCIONA Energía owns a 70 per cent share and Ark Energy owns the remaining 30 per cent.

Read More

Global Infrastructure Partners acquires wpd offshore wind

Global Infrastructure Partners (GIP), a US-based infrastructure investor, has agreed to purchase wpd offshore, the German renewable project developer’s offshore wind company. wpd offshore wind has constructed 7 GW of capacity and commenced operations in fourteen European and Asia-Pacific (APAC) regions since its inception.

Read More

AES signs PPAs to deliver 450 MW of clean energy to Amazon

AES Corporation, based in the US, has signed two power purchase agreements (PPAs) with Amazon to supply 450 MW of clean energy to power its data centre operations in California. AES Corporation’s portfolio of projects will deliver clean energy to the California Independent System Operator (CAISO) market with 450 MW of solar and 225 MW of four-hour duration battery energy storage.

Read More

Greenbacker acquires three solar projects totaling 50 MWac in New York

Greenbacker Renewable Energy Company LLC (GREC), a leading owner and operator of sustainable infrastructure and energy efficiency projects, announced that, through a wholly owned subsidiary, it has purchased three pre-operational, utility-scale solar projects in New York from Hecate Energy LLC (Hecate). Each comes with a long-term contract with an investment-grade offtaker.

Read More

Denmark to build energy islands for supply of renewable energy

Denmark is planning to set up two energy islands that can supply renewable energy produced by offshore sources to the domestic market of Denmark and other European countries. Denmark will build the first island in the North Sea to serve offshore wind turbines with a 3 GW initial serving facility. The second Denmark energy island will be built in the Baltic Sea’s Bornholm islands, with a serving capacity of 2 GW.

Read More

Galp acquires 4.8 GW of renewable energy projects in Brazil

Galp, a multinational energy corporation headquartered in Portugal, has agreed to purchase 4.8 GW of solar and wind energy projects in Brazil from SER Energia and Casa dos Ventos. The agreement with SER Energia, a Brazilian solar designer, encompasses the purchase of 4.6 GWp of projects currently under construction in Brazil. Galp will acquire a group of 216 MW wind farms being developed in Brazil’s north-east region with Casa dos Ventos.

Read More

Shell to acquire Sprng Energy Group for $1.55 billion

Shell Overseas Investment B.V., a wholly owned subsidiary of Shell plc (Shell), has agreed to acquire a 100 per cent stake of Solenergi Power Private Limited and the Sprng Energy group of companies for $1.55 billion from Actis Solenergi Limited (Actis). The deal is expected to almost triple Shell’s renewable energy capacity in operation, as the company strives to become a net-zero emissions firm by the year 2050. 

Read More

Origin Energy acquires Yarrabee solar facility in New South Wales

Origin Energy, a leading Australian integrated energy company, has announced the purchase of the Yarrabee Solar Farm in New South Wales (NSW). The first phase of the solar complex, which will be located in NSW’s Riverina district, is expected to have a capacity of 450 MW. Under the planning approval granted by the NSW government in December 2018, this could be upgraded to up to 900 MW.

Read More

ORIT to acquire stake in 270 MW offshore wind farm in UK

Octopus Renewables Infrastructure Trust (ORIT), a UK-based renewable investment firm, has agreed to acquire a 7.75 per cent stake in the Lincs offshore wind farm. Lincs, with a capacity of 270MW, is located offshore from England’s east coast and has been operational since 2013. The offshore wind facility, which spans 35 km sq, is equipped with 75 wind turbines, each with a 3.6MW capacity.

Read More

TotalEnergies acquires solar developer Core Solar

TotalEnergies, a France-based oil and gas company, has acquired solar project developer Core Solar to its renewable energy portfolio in the US. Under the terms of the deal, Core Solar president and CEO and the employees will join TotalEnergies teams. The financial details of the deal have not been disclosed by either company.

Read More

SSE and Brookfield Renewable partner for Dutch offshore wind bids

SSE Renewables and Brookfield Asset Management, a Canadian investment business, have joined forces to bid for the Hollandse Kust (west) offshore wind farm zone, which is currently under construction in the Netherlands. The Hollandse Kust (west) zones, which are about 53 km from the Dutch coast, are being auctioned for the development of two individual sites, each with a capacity of 700 MW.

Read More

India and Maldives to establish transmission interconnection for renewable power transfer

India’s Ministry of Power has informed that India and Maldives plan to set up a transmission interconnection to facilitate the transport of renewable energy between the two countries. The proposal was discussed during the meeting between the Indian Minister of Power and New and Renewable Energy and Maldives’ Minister of Environment, Climate Change and Technology in New Delhi.

Read More

ITT to invest $2.5 million in solar power lake in Italy

ITT Inc. has announced the construction of a photovoltaic lake at its largest factory in Barge, Italy. The lake will be about the size of four Olympic swimming pools and will be made up of approximately 3,000 solar panels. As per the company’s statement, $2.5 million investment is part of ITT’s long-term strategy to become more sustainable.

Read More

Iberdrola acquires rights for 1 GW onshore wind farm in Australia

Iberdrola has acquired the rights to Mount James wind farm in Queensland, Australia. The wind energy project covers more than 50,000 hectares of land and has completed its environmental studies. Reportedly, Mount James, in North Queensland, is said to be the world’s largest onshore wind farm, with a capacity of 1 GW.

Read More

Boralex partners with Energir and Hydro-Quebec to develop 1.2 GW of wind energy in Canada

Boralex, a renewable energy company, has partnered with Énergir and Hydro-Québec to develop three 400 MW wind projects in Seigneurie de Beaupré territory in Quebec, Canada. The proposed projects are Des Neiges Wind Farm – South, Des Neiges Wind Farm – Charlevoix, and Des Neiges Wind Farm – West, which will be located near the existing Seigneurie de Beaupré wind farms.

Read More

SSE to acquire SGRE’s 3.9 GW European renewable energy platform

SSE Renewables, based in the UK, has signed an agreement with Siemens Gamesa Renewable Energy (SGRE) to acquire approximately 3.9 GW European renewable energy development platform for $627 million. Under the agreement, SSE Renewables will acquire SGRE’s 3.9 GW onshore wind portfolio across Spain, France, Greece, and Italy.

Read More

PG&E completes its 182.5 MW Elkhorn BESS project

Pacific Gas and Electric Company (PG&E), based in the US, has completed the installation of its 182.5 MW Tesla Megapack battery energy storage system (BESS) at its Moss Landing substation in Monterey County. Following the completion of final tests, the BESS was fully energised and certified by the California Independent System Operator.

Read More
Loading