Category: Big Moves

Johnson & Johnson to buy clean energy from Ørsted in Ireland and the US

Johnson & Johnson has signed two power purchase agreements with Ørsted to procure power from Sparta Solar in Texas and Kilgarvan Wind Farm in County Kerry and Booltiagh Wind Farm 1 in County Clare, both in Ireland’s south and west. Sparta Solar’s PPA contains a 55 MW contract capacity from the 250 MW Sparta Solar project in southern Texas.

Read More

Amazon announces 18 renewable energy projects globally

Amazon has announced 18 new utility-scale wind and solar energy projects in the United States, Finland, Germany, Italy, Spain, and the United Kingdom, totaling 5.6 GW of capacity procured as of 2021. Amazon, currently has 274 renewable energy projects throughout the world and plans to use renewable energy to power 100 per cent of its commercial operations by 2025, five years ahead of its original 2030 target.

Read More

India’s Hindustan Salts plans 5 GW of solar projects

Sambhar Salts, a subsidiary of Hindustan Salts Limited (HSL), has issued a tender to create an ultra-mega solar project with a capacity of up to 4 GW in Sambhar, Rajasthan. The company has also expressed interest in developing a solar plant with a capacity of up to 1 GW at Kharaghoda, Gujarat.

Read More

BP to set up large scale green hydrogen project in England

BP is planning to set up a large-scale green hydrogen production plant in northeast England, generated with wind, water and solar energy to aid  Britain’s move away from fossil fuels. The project, namely, HyGreen Teesside, seeks to produce 60 MW of green hydrogen from renewable sources by 2025.

Read More

Kenya’s 300 MW wind farm gets green lit

Gitson Energy, the Kenyan diaspora-owned company is getting a favourable ruling after five years of legal proceedings over the construction of a 300 MW wind farm in Bubisa, a community in Marsabit County. The Energy and Petroleum Regulatory Authority (EPRA) and the Ministry of Energy must now put the 300 MW wind farm on its list of approved power projects.

Read More

NextEra plans to build New York’s offshore wind link

NextEra Energy Transmission New York Inc, part of US utility group NextEra Energy Inc, has submitted proposals to build the transmission lines that will carry power from offshore wind farms in the Atlantic Ocean to points in New York and Long Island. The ideas were sent in response to the Long Island Offshore Wind Public Policy Transmission Need, which was issued by the New York Independent System Operator (NYISO).

Read More

Total Energies plans to set up 500 MW of solar projects in Libya

Total Energies and Libya’s General Electricity Company signed a Memorandum of Understanding (MoU) for the long-term development of solar photovoltaic projects with a total capacity of 500 MW to supply electricity to the national grid and a $2 billion investment in crude oil and gas extraction. The agreements were made at the Libya Energy & Economy Summit, which was organised by the Government of National Unity and was the first economic conference in Libya in 10 years.

Read More

Spain’s latest renewable auction remains undersubscribed

The Spanish Government has announced the results of its 3.3 GW technology-neutral renewable energy auction. The auction, however, was slightly undersubscribed as many companies decided not to compete due to government’s plans to impose a new levy tied to rising gas costs. This would have hampered revenues and these concerns limited participation.

Read More

Indian Oil invites bids for green hydrogen projects at its refineries

State-owned Indian Oil Corporation Limited (IOCL) has invited Expression of Interest to set up green hydrogen generation units at two of its refineries – Mathura, Uttar Pradesh and Panipat, Haryana. The plants will have installed capacities of 5,000 MT per annum and 2,000 MT per annum, respectively, and will be built on a ‘build-own-operate’ (BOO) basis.

Read More

UAE companies aim for 30 GW of renewable capacity by 2030

Abu Dhabi National Oil Co (ADNOC) and Abu Dhabi National Energy Company PJSC (TAQA)  have formed a strategic cooperation on clean energy, with the aim of having 30 GW of renewable capacity by 2030. The new collaboration between ADNOC and TAQA will focus on domestic and worldwide renewable energy and waste-to-energy projects, as well as green hydrogen generation, processing, and storage, and ancillary operations.

Read More

GE and UKEF to finance 1.35 GW Turkish solar project

GE Energy Financial Services and UK Export Finance (UKEF), the UK’s export credit agency have secured an agreement to fund Kalyon Enerji’s 1.35 GW Karapinar solar project in Konya Karapinar region. The solar power plant is Turkey’s largest solar facility, which is around 11 km long and 3 km wide. GE Energy collaborated with UKEF, which will guarantee a $291 million buyer credit facility, pending financial completion.

Read More

Low Carbon and MassMutual form a global renewable energy IPP

Low Carbon Limited of the United Kingdom and Massachusetts Mutual Life Insurance Company (MassMutual) of the United States have teamed up to create a worldwide renewable energy Independent Power Producer (IPP). The new coalition, which aims to achieve 20 GW of renewable energy capacity by 2030, intends to use each company’s distinct market position and domain expertise to accelerate the transition to renewable energy.

Read More

Sembcorp acquires a wind and solar portfolio in China

Sembcorp Industries, a Singapore-based renewable energy company, has acquired a 98 per cent stake in a 658 MW portfolio of operational wind and solar assets from GCN Capital Partners Infrastructure Fund III and its affiliates for $517 million through its 100 per cent subsidiary Sembcorp Energy (Shanghai). The assets are contracted and qualified for fixed feed-in tariffs under China’s renewable energy programme, and are located in energy demand areas such as Hebei, Henan, and Shandong provinces.

Read More

India’s VRET raises $289 million in long-term financing round

India-based Virescent Renewable Energy Trust (VRET) raised Rs 10 billion ($134.4 million) in non-convertible debentures (NCD) its debut issuance , which was split into three tranches of three, five, and seven years. This is the first time a renewable energy InvIT has issued securities in India. As per a company statement,  the funds will mostly be used to refinance existing debt and support future acquisitions.

Read More

Engie and Crédit Agricole Assurances acquire Eolia Renewables

Engie, a French energy company, and Crédit Agricole Assurances, a French insurance company, have agreed to acquire Eolia Renovables, a Spanish renewable energy provider. Engie will gain 821 MW of onshore wind capacity, 78 MW of solar photovoltaic (PV) capacity, and a 1.2 GW pipeline of renewable projects as part of the acquisition.

Read More

CPV acquires 460 MW of solar projects from Belltown Power

Competitive Power Ventures (CPV) has finalised the acquisition of two solar photovoltaic projects under development from Belltown Power USA Development. These include the Prairie Dock Solar project in Illinois (360 MW) and the Stonecrop Solar project in Kentucky (100 MW). These two solar projects are estimated to provide enough clean electricity to power around 87,000 homes once operational.

Read More
Loading