In order to purchase power and project-specific renewable energy certificates (RECs), Constellation and Bank of America have announced a 15-year, 160 MW clean energy agreement. This collaboration would allow Bank of America to power about 17 per cent of its global electricity usage with renewable energy from a portion of the Mammoth Central project.
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Allete, a US-based energy company, has completed the previously announced acquisition of New Energy Equity for $165.5 million. Allete signed a binding agreement to acquire 100 per cent stake in New Energy Equity in March 2022. New Energy Equity is a distributed solar developer based in Annapolis, Maryland, that has completed over 250 distributed solar projects in the US totaling over 330 MW.
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Heliogen, a solar power technology company based in the US, has signed a project agreement with Woodside Energy, an Australian energy company owned by Woodside Petroleum, to test a concentrated solar energy project in the United States. Heliogen is planning to build a concentrated solar energy facility with artificial intelligence (AI) at a site in Mojave, California.
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BP Alternative Energy Investments Limited (BPAEIL) and Marubeni have inked cooperation and participation agreements to build offshore wind projects and explore decarbonization initiatives, including hydrogen. As part of their relationship, the two companies will form a joint venture to pursue offshore wind business prospects in Japan.
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UAE-based Masdar owned by Mubadala Investment Company, and Ukraine’s leading private power producer, DTEK have signed a strategic agreement to explore potential clean energy investments in Ukraine. This was a trilateral MoU between Mubadala, Masdar, and DTEK. Other MoUs were also signed with various Ukrainian government and private entities.
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ReneSola Power, a leading fully integrated solar project developer, has signed a Memorandum of Understanding with the asset management firm Eiffel Investment Group with 3 billion Euros under management. As part of this agreement, the two companies will form a joint venture that will provide financing for ReneSola Power’s current and future solar projects across Europe.
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The International Renewable Energy Agency (IRENA) and Ocean Energy Europe (OEE) have signed a memorandum of understanding to facilitate cooperation and accelerate the commercialisation of ocean energy technologies. Further, the agreement aims to promote appropriate policy incentives and innovative business policies in Europe and the rest of the world.
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