State-owned Stanwell Corporation and Acciona Energia, a subsidiary of Spanish conglomerate Acciona, have signed a MoU on future energy supply for proposed hydrogen production and export through a 3 GW green hydrogen facility planned for Queensland, Australia. This facility is proposed to be powered by solar PV.
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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.
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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.
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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.
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After getting clearance from the Biden administration, New York’s first offshore wind farm is slated to start construction in January 2022. The US Department of Interior has issued a Record of Decision for South Fork Wind, a 132 MW project that will be located 19 miles southeast of Block Island, Rhode Island.
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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.
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Scotra, a local South Korean floating PV company, successfully finished a 41 MW floating solar installation for Korea Water Resources. The facility is located on a reservoir of the Hapcheon Dam in Gyeongsang Province, South Korea. The installation is the country’s largest floating PV plant to date.
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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.
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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).
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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.
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Chem-Energy, a petroleum products company, is planning a $1 billion investment in solar and battery plant facilities in Central Texas. Beginning in Spring 2022, two facilities with a combined capacity of 400 MW/800 MWh of battery storage and 600 MW of solar power generation will be constructed in Caldwell County.
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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.
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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.
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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.
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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.
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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.
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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.
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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.
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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.
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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.
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