Category: News

<strong>OX2 to construct 1.9 GW offshore energy hub in Baltic Sea</strong>

OX2 to construct 1.9 GW offshore energy hub in Baltic Sea

Mar 27, 2023 |

OX2, a Swedish renewable project developer, has begun construction on a 1.9 GW energy hub called Neptunus in the southern Baltic Sea. The hub, which will be situated in the Swedish economic zone, will be able to generate both electricity and hydrogen. It will include offshore wind turbines as well as equipment for converting electricity to hydrogen. Neptunus will be able to produce 8TWh of power annually, which is equal to 5 per cent of Sweden’s annual electricity consumption. It could be operational in the early 2030s.

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<strong>New Zealand to establish 8.5 TWh pumped hydro project</strong>

New Zealand to establish 8.5 TWh pumped hydro project

Mar 24, 2023 |

The New Zealand government has announced and confirmed that it will create a detailed business case for a pumped hydro scheme at Lake Onslow as part of its efforts to build a resilient, affordable, secure, and decarbonized energy system. The government of New Zealand will look into the feasibility of establishing a pumped hydroelectric facility on the South Island.

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<strong>Acme collaborates with Airtouch Solar for robotic cleaning systems</strong>

Acme collaborates with Airtouch Solar for robotic cleaning systems

Mar 24, 2023 |

Airtouch Solar announced signing of a $4 million contract with India based Acme Group for the supply and maintenance of robotic water-free cleaning systems for PV solar panels. The scope of work includes sales, supply, installation, operation, and maintenance of cleaning robots for Acme’s solar plant in Rajasthan.

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<strong>L&T collaborates with McPhy Energy for electrolyser manufacturing</strong>

L&T collaborates with McPhy Energy for electrolyser manufacturing

Mar 23, 2023 |

Larsen & Toubro (L&T) has signed an agreement to manufacture electrolysers with McPhy Energy, a France-based electrolyser technology and manufacturing specialist. Both companies intend to form a long-term partnership to investigate the opportunities emerging in the emerging green hydrogen market. L&T intends to build a gigatonne-scale manufacturing facility for electrolysers based on McPhy technology in India to meet domestic demand as well as those from other selected geographies.

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<strong>Electriq Power secures financing worth $300 million</strong>

Electriq Power secures financing worth $300 million

Mar 23, 2023 |

Electriq Power announced a financing agreement with a clean-energy firm. According to the agreement, it has secured $300 million in financing over the next 30 months to support the implementation of Sustainable Community Networks (SCNs) across California. Electriq Power offers energy solutions such as solar panels, batteries, software, and other services to help homeowners achieve energy independence

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<strong>Japan’s JERA to acquire Virya Energy for $1.7 billion</strong>

Japan’s JERA to acquire Virya Energy for $1.7 billion

Mar 22, 2023 |

JERA, a Japanese energy company, has signed an agreement with Virya Energy to acquire 100 per cent of the shares of Parkwind, Belgium’s top offshore wind company, in a $1.7 billion deal.  JERA is a partnership between Chubu Electric Power Company and Tokyo Electric Power Company.

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<strong>Spearmint Energy acquires 900 MW BESS portfolio in US</strong>

Spearmint Energy acquires 900 MW BESS portfolio in US

Mar 22, 2023 |

Spearmint Energy announced the acquisition of Nomadic, a 900 MW battery energy storage systems (BESS) asset portfolio in Texas. It consists of three projects with a combined projected capacity of 300 MW that are spread over the counties of Cooke, Galveston, and Brazoria. According to the company, the portfolio was purchased from a major US developer and operator of clean energy projects. No financial details of the deal have been disclosed.

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<strong>ACEN Australia inaugurates the first phase of 720 MW solar project in NSW</strong>

ACEN Australia inaugurates the first phase of 720 MW solar project in NSW

Mar 20, 2023 |

ACEN Australia has begun construction on stage I of the 720 MW New England Solar project in New South Wales (NSW), Australia. Australia’s Federal Minister for Climate Change, officially opened the project. The NSW state government approved the project’s first of two stages, which has a 400 MW capacity in 2020. This stage includes about one million solar panels and has been under development since March 2021.

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<strong>Lhyfe and Centrica to develop offshore renewable green hydrogen in the UK</strong>

Lhyfe and Centrica to develop offshore renewable green hydrogen in the UK

Mar 20, 2023 |

Lhyfe and Centrica have agreed to jointly develop offshore renewable green hydrogen in the UK in a first for the country. The companies have signed a memorandum of understanding (MoU) that could accelerate green hydrogen as part of the energy transition in the UK. Under the agreement, Lhyfe and Centrica will combine their expertise to collaborate on a pilot green hydrogen production site in the Southern North Sea.

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<strong>Avangrid starts developing two solar projects in Texas and Ohio</strong>

Avangrid starts developing two solar projects in Texas and Ohio

Mar 17, 2023 |

Avangrid, a US-based energy company, has started the construction of two solar facilities in Texas and Ohio. The combined clean energy output from the Texas True North and Ohio Powell Creek projects will be 523.5 MW. True North, which is being built in Falls County, Texas, will start producing 321MW of power in the early 2025 timeframe. The project is anticipated to provide more than 200 employment during construction.

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<strong>Oman signs an agreement for $20 billion of green hydrogen projects</strong>

Oman signs an agreement for $20 billion of green hydrogen projects

Mar 17, 2023 |

Oman has signed binding commercial term sheets for six projects involving green hydrogen that will require investments of around $20 billion. The Hyport Duqm consortium, Green Energy Oman, ACME’s Green Hydrogen and Chemicals SPC, and the SalalaH2 consortium will all collaborate on developing the projects. More than 700,000 tonnes of green hydrogen are anticipated to be produced at the plants, which will be close to the ports in Salalah in the south and Duqm in central Oman

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<strong>BlackRock’s CFP fund acquires stake in 310 MW wind farm in Kenya</strong>

BlackRock’s CFP fund acquires stake in 310 MW wind farm in Kenya

Mar 17, 2023 |

Climate Finance Partnership (CFP), a BlackRock Alternatives-managed fund, has acquired a 31.25 per cent stake in Lake Turkana Wind Power, a 310 MW wind project in Kenya. For an undisclosed sum, the stake was bought from Vestas, Finnfund, and the Investment Fund for Developing Countries. According to a regulatory filing published in Kenyan press, the Lake Turkana Wind Power project is located in Kenya’s far north region and is equipped with 365 wind turbines.

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<strong>Vestas receives 373 MW wind turbine contract in South Africa</strong>

Vestas receives 373 MW wind turbine contract in South Africa

Mar 17, 2023 |

Vestas, a Danish wind turbine manufacturer, has received a 373 MW wind turbine contract from Red Rocket, a South African independent power producer. The company will provide five V162-6.2MW Enventus turbines, 12 V163-4.5MW turbines, and 64 V150-4.5MW wind turbines. The turbines will be installed at the Brandvalley, Rietkloof and Wolf wind parks, which are located in South Africa’s Western and Eastern Capes. Vestas intends to deliver and commission the wind turbines by 2024.

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<strong>Ørsted and Eversource submit proposal for 884 MW offshore wind farm</strong>

Ørsted and Eversource submit proposal for 884 MW offshore wind farm

Mar 15, 2023 |

Ørsted and Eversource Energy have submitted a combined proposal to build the Revolution Wind II offshore wind farm in Rhode Island, US. The proposal for the 884 MW wind project was filed in response to the state’s offshore wind solicitation. If permitted, the Revolution Wind II wind farm will provide enough sustainable energy to power over 500,000 Rhode Island homes

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<strong>Octopus Energy to invest €1 billion in French renewable energy market</strong>

Octopus Energy to invest €1 billion in French renewable energy market

Mar 14, 2023 |

Octopus Energy, a UK-based energy retailer, intends to invest $1.07 billion over the following two years in France’s clean energy market. The investment was announced at the 36th Franco-British Summit in Paris, which was led by the UK Prime Minister and French President. The investment will help generate enough clean energy to power 300,000 households.

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<strong>TGS adds new locations to its US East Coast multi-client LiDAR campaign</strong>

TGS adds new locations to its US East Coast multi-client LiDAR campaign

Mar 13, 2023 |

TGS, a Norwegian energy data and technology provider, has expanded its multi-client offshore wind and metocean measurement campaign along the US East Coast. The company has deployed additional four buoys to enhance its existing data collection and wind modelling. These complement TGS’ floating light detection and ranging (LiDAR) buoy in the New York Bight.

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<strong>CIP purchases majority stake in Mulilo Energy</strong>

CIP purchases majority stake in Mulilo Energy

Mar 13, 2023 |

Copenhagen Infrastructure Partners (CIP), a Danish investment firm, has purchased a majority stake in South African renewable energy developer Mulilo Energy Holdings for an undisclosed sum. The deal was carried out by CIP through its Copenhagen Infrastructure New Markets Fund I (CI NMF I). Mulilo’s existing founders and management will remain on board following the acquisition.

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<strong>Drax hires Studio Pietrangeli to build pumped storage plant</strong>

Drax hires Studio Pietrangeli to build pumped storage plant

Mar 10, 2023 |

Drax, a UK-based electric services company, has hired hydro-engineering consultant Studio Pietrangeli to enhance the layout of its Cruachan pumped storage expansion. The new underground pumped hydro facility, with a 600 MW capacity, will be constructed next to Drax’s current Cruachan complex in Argyll, Scotland. According to the agreement, Studio Pietrangeli will operate as the project’s owner’s engineer and provide assistance with vital tasks including optimising the layout and design of the new facility.

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<strong>Duke Energy starts operations at 250 MW solar facility in Texas</strong>

Duke Energy starts operations at 250 MW solar facility in Texas

Mar 10, 2023 |

Duke Energy Sustainable Solutions (DESS), a subsidiary of the US-based energy corporation Duke Energy, has begun operations at its Pisgah Ridge Solar facility in Navarro County, Texas. The 250 MW project employed up to 300 individuals during its construction phase. DESS will own and operate the project, while Moss managed the engineering and construction operations. Three virtual power purchase agreements (VPPAs) with Charles River Laboratories International, Midwest retailer Meijer, and one unnamed entity are already in place for the Pisgah Ridge Solar plant.

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<strong>Mauritania signs agreements for up to 10 GW of green hydrogen</strong>

Mauritania signs agreements for up to 10 GW of green hydrogen

Mar 9, 2023 |

Infinity Power Holding and German project developer Conjuncta GmbH have signed an agreement with the government of Mauritania to build a green hydrogen plant northeast of the capital Nouakchott with a capacity of up to 10 GW. The two companies have signed a memorandum of understanding (MoU) with Mauritania’s Ministry of Petroleum, Mines and Energy for the project.

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