Category: News

Masdar and TANESCO to develop renewable projects in Tanzania

Masdar, an Emirati state-owned renewable energy company, has agreed to develop 2 GW of renewable energy capacity in Tanzania with the Tanzania Electric Supply Company (TANESCO). Abdulla Zayed, the head of Masdar Business Development and Investment, inked a joint development agreement with TANESCO managing director Maharage Chande. The two companies will create a co-owned joint venture (JV) to progress project development as part of its collaboration.

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Bechtel to provide planning assistance for Big-T hydropower project

Bechtel, a US-based engineering firm, has been awarded a contract by BE Power and GE Renewable Energy, a division of General Electric, to provide planning support for a pumped storage hydropower facility in Australia. The Big-T hydropower project is located in south-east Queensland at Lake Cressbrook. It consists of a 400 MW pumped hydro energy storage facility and a 200 MW battery energy storage facility, with enough capacity to power 288,000 homes with clean electricity. Due to its ability to produce and store electricity, the project will serve as an extension to Australia’s national energy grid.

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EDF Renewables, Budimex partner to invest in offshore wind in Poland

EDF Group subsidiary EDF Renewables UK Ltd Renewables has inked an agreement with Budimex to make an investment in offshore wind farm development in Poland. On a 50-50 basis, the two companies will focus on the country’s second phase of offshore development. In the second phase, EDF Renewables UK Ltd Renewables and Budimex identified 11 new sites for offshore wind farm development in the Polish Baltic Sea region. The 11 identified sites are estimated to total 11 GW of capacity. Offshore wind farm construction would help Poland’s energy transition and provide a new energy source in the country, while also reducing the country’s reliance on coal for power generation.

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Octopus and GLIL invest £400 million in Hornsea One wind farm

For £400 million, Octopus Energy Generation and GLIL Infrastructure purchased a 12.5 per cent stake in the Hornsea One wind farm in the UK. Each of the two companies contributed £200 million to the 1.2 GW offshore wind farm, with Octopus making the investment on behalf of Nest, a British pension scheme. The Hornsea One wind farm, which has been in operation since 2020 and is located offshore of Yorkshire, generates clean energy for more than one million homes.

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Hitachi Energy to deliver converter stations for SuedLink DC4

Hitachi Energy, based in Switzerland, has been awarded a contract to provide a transmission solution for SuedLink DC4, a high-voltage direct current (HVDC) transmission line between Germany’s north and south regions. TenneT and TransnetBW, two German transmission system operators (TSOs), awarded the company the contract. At each end of the SuedLink DC4 transmission line, Hitachi Energy will install its HVDC Light converter station as per the contract.

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DOE offers $26 million to demonstrate that grid can run on clean energy

The US Department of Energy (DOE) has announced $26 million in funding for initiatives that will demonstrate how a combination of solar, wind, energy storage, and other clean energy sources can reliably run the government’s electricity grid. The program is funded by President Biden’s Bipartisan Infrastructure Law and is known as the Solar and Wind Grid Services and Reliability Demonstration Program.

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Wood to offer design services for floating wind farms in Scotland

John Wood Group (Wood), a British engineering and consulting firm has been awarded the principal designer and pre-feed scope for Salamander, a 100 MW floating wind farm Scotland. Salamander, a joint venture between Simply Blue Group, Ørsted, and Subsea 7, is located 35 km from Peterhead on Scotland’s east coast. Wood will carry out system-level pre-front-end engineering design (FEED) in order to facilitate planning, costing, and risk assessment of a FEED design process.

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Antin to buy majority stake in Blue Elephant Energy

Blue Elephant Energy (BEE), a German platform for renewable energy, the French private equity firm Antin Infrastructure Partners. BEE, which was founded in 2016, focuses on the acquisition, development, and operation of solar and wind farms throughout Europe and Latin America. Currently, the company has 1.3 GW of renewable energy capacity, which includes 13 wind projects and 67 solar assets spread across eight different countries.

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ArcLight affiliate agrees to purchase 185 MW wind portfolio in US

Sequitur Renewables, a subsidiary of ArcLight Capital Partners (ArcLight), has agreed to purchase a portfolio of operational wind farms in West Virginia and Pennsylvania. With affiliates of GlidePath Power Solutions, the company reached an agreement to purchase the portfolio. The portfolio sells power and renewable energy credits into the merchant PJM market and comprises five wind farms with a combined capacity of 185 MW.

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Cadeler secures contract for Hornsea 3 foundations

Ørsted has given a contract to engineering firm Cadeler to install turbine foundations at the Hornsea III offshore wind farm. Cadeler will utilise its F-Class vessel for the first time to place these foundations after Ørsted makes its final investment decision for the 2.8GW wind farm. The next generation of XL turbine foundations may be transported and installed using the F-Class vessel.

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Iberdrola to purchase renewable project portfolio in Poland

Iberdrola, a Spanish energy company, and Augusta Energy have reached a tentative agreement for Iberdrola to purchase a 98 MW wind and solar portfolio in Poland. The portfolio consists of six solar photovoltaic facilities with a combined capacity of 48 MW and two wind farms with a combined capacity of 50 MW. 

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China Three Gorges acquires hydroelectric project from EDP in Peru

EDP is planning to give its largest shareholder, China Three Gorges (CTG), a 50 per cent stake in the $500 million San Gaban III hydroelectric project in Peru. As per the reports, CTG already owns the other 50 per cent of San Gaban, and will acquire the sole shareholder of this hydroelectric facility. San Gaban dam has a capacity of 206 MW. This hydropower plant received a $365 million, 19-year financing from the China Development Bank at a cost of $560 million.

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Spearmint Energy purchases a battery storage project in Texas

Spearmint Energy, a US-based renewable energy platform, has announced the acquisition of Revolution, a 150 MW battery energy storage project in Texas. For an undisclosed sum, the project was purchased from Con Edison Development, a subsidiary of Con Edison Clean Energy Businesses. The Revolution project, one of the largest battery projects in Texas, is situated close to King Mountain Wind Farm in the Lower Colorado River Authority Territory (LCRA).

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ABO Wind sells 514.6 MW Buffalo Plains wind project in Canada

ABO Wind, a German renewable energy developer, has sold the Buffalo Plains Wind Farm project rights in Alberta, Canada, to an undisclosed investor. The 514.6 MW wind farm will be turned over to the investor once it is ready to be built. On a 17,500-acre plot of land, the Buffalo Plains Wind Farm will be constructed.

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PNE acquires stake in Spanish solar project developer Kolya 

PNE, a German wind farm developer, has entered the Spanish renewable market by acquiring a 51 per cent stake in Coliaenergia ESPAÑA (Kolya), a developer of large-scale solar projects. PNE’s photovoltaic (PV) pipeline has expanded by more than 40 per cent to a total of 4.22 GWp by acquiring the shares and Kolya’s pipeline of 1.81 GWp PV projects.

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NovaWind and An Xuan Energy to develop wind farm in Vietnam

NovaWind, the wind power division of Russian energy company Rosatom, has inked a cooperation agreement with An Xuan Energy to develop a 128 MW wind farm in Vietnam. The northwestern province of the country, Son La, will be the location of the envisioned wind farm. An Xuan Energy, a development and investment company established in 2017, focuses on producing hydroelectric, solar, wind, and biomass power projects.

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Nordex Group receives wind turbine supply order in Finland

Nordex Group, a German wind turbine manufacturer, has won a wind turbine supply contract from a partnership that includes Helen, a Finnish energy utility, and the landsbanken Wind Power Fund. For the 147.5 MW Karahka wind farm, Nordex will deliver and install 25 of its N163/5.X turbines. The Karahka wind facility will be developed in the north of Oulainen, a town in Finland’s North Ostrobothnia region.

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Northvolt and Stora Enso partner to produce wood-based batteries

In order to develop wood-based batteries, Stora Enso and the Swedish battery producer Northvolt have formed a cooperative development agreement. Reportedly, the batteries will have an anode made from renewable raw materials obtained from Nordic forests. To create the sustainable batteries, the partners intend to use hard carbon derived from lignin present in the forests.

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