Avangrid has secured the Federal Record of Decision (ROD) from the Department of the Interior regarding the New England Wind project. This decision marks progress towards obtaining full federal approval for construction, with the anticipated approval of the Construction and Operations Plan by July 2024.
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RWE has received a 495 MW Electricity Business Licence (EBL) from the Ministry of Trade, Industry & Energy of Korea for the Seohae offshore wind project, situated about 45 km off the coast of Taean County in Chungcheongnam Province, South Korea. This licence grants RWE development rights
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Landinfra Energy AB and Eiffel Investment Group have finalised a collaboration to develop a pipeline of up to 1,800 MW renewable energy projects in Sweden. These projects encompass solar power, wind power, and energy storage. Under the agreement, Eiffel will acquire a 50 per cent stake in the portfolio from Landinfra, while Landinfra will retain the remaining.
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Copenhagen Infrastructure Partners (CIP) has secured a majority stake in Elgin Energy through its main fund CI V to deliver and expand its existing 15 GW solar PV and battery portfolio. The collaboration involves a joint investment of £250 million from CIP and Elgin Energy.
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TotalEnergies has announced the building of a new battery storage facility in Belgium. The project operations are slated to begin by the end of 2025. The project will be situated at the TotalEnergies depot in Feluy, Belgium, and will have a 75 MWh capacity with a 25 MW power rating. The project announcement comes just a year after we the Antwerp storage project began, which is estimated to be operational by the end of the year.
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One of India’s major renewable energy producers, Adani Green Energy Limited (AGEL), has surpassed 10 GW of operational renewable energy installations. This large portfolio consists of 7,393 MW solar, 1,401 MW wind and 2,140 MW wind-solar hybrid capacity. Out of these total deployments, 2,848 MW of capacity was brought online in the Indian financial year 2023-24.
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Metis Energy Ltd, based in Singapore, has signed a long-term power purchase agreement with SmartestEnergy Australia for its 111 MWp Gunsynd Solar Farm project in Queensland. The power purchase agreement (PPA) between Metis’ Progressive Developments Goondiwindi Pty Ltd
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LyondellBasell, a plastics, chemicals, and refining company, has committed to purchase power from a 260 MW solar park planned by Germany’s Encavis Asset Management AG (Encavis AM) north of Berlin. The announcement states that 208 MW of the project’s planned capacity
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Virginia authorities have approved Dominion Energy Inc’s plans to add 764 MW of solar generating capacity to its fleet in the state through new installations, acquisitions, and off-take partnerships. Dominion has been given permission by the Virginia State Corporation Commission (SCC) to execute 13 power purchase agreements (PPAs) for 435 MW of independently owned projects. Contracts will be signed for projects chosen through a competitive process.
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Entering 2023, renewable energy mergers and acquisitions (“M&A”) faced significant headwinds, including sustained high interest rates, inflationary pressures, supply chain constraints, government support program uncertainty and grid reliability. As a result, renewable energy deal volume declined significantly in 2023 from 2022 levels. Despite these challenges, investor optimism grew during the back half of the year with easing supply chain bottlenecks and legislative clarity on the $369 billion energy and climate spending earmarked by the Inflation Reduction Act (“IRA”).
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Ireland has access to a huge offshore renewable energy (ORE) resource to help decarbonise the economy. Indeed, Ireland’s ample scope for ORE deployment means that ORE can potentially provide far more energy than is needed by the people and businesses of Ireland, and Ireland has the potential to export significant low-carbon power to consumers across Europe.
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South Korea’s energy security policies and business strategies have been misconstrued to focus on securing fossil fuels for power supply stability and affordability. South Korea’s transition away from fossil fuels has been slow, despite ambitious targets set in its Nationally Determined Contribution (NDC) to reduce fossil fuel use in the power sector to 23.7% and increase renewable energy to 30.6% by 2036. In 2023, fossil fuels still accounted for 58.5% of the power mix, while renewable energy contributed only 9.64%.
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This report “The Plan to Enable the Bioeconomy in America: Building a Resilient Biomass Supply” by USDA focuses on systems of production of biomass as raw material and its preprocessing into feedstocks for many diverse types of biomanufacturing and biobased products in the U.S. bioeconomy. Some of these systems are well-established and primed for expansion, while others are newly emerging.
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The energy company obligation (ECO) is the government’s flagship fuel poverty alleviation programme, and one of the main pillars to improve overall energy efficiency. Changes to the scheme have led to a fall in the number of installations. Reform of the programme is needed to ensure it can play a central role in meeting the UK’s statutory target to end fuel poverty by 2030. ECO’s ability to act as a vehicle to deliver home upgrades has proved successful in the past.
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Key takeaways from the presentation “Power Grid Interconnections to Accelerate Asia’s Energy Transition” are interconnection accelerates energy transition. Further, as renewables shares grow, benefits of interconnection also increase. In addition, grid-to-grid integration combined with multilateral trading enables secure and efficient green energy integration.
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UAB Renerga, a developer of wind energy projects in Lithuania has chosen Nordex Group to supply 40 N163/6.X turbines. The Delta4000 series turbines are projected for the 264 MW Pagegiai wind farm project in the west of the country. The contract also comprises a Premium Service contract.
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Shell has officially approved Verdagy’s eDynamic electrolyzers, endorsing them as a supplier for its upcoming green hydrogen projects. Verdagy collaborated closely with Shell to undergo a thorough safety review known as “HAZOP” and a comprehensive assessment of the design
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SSE and Bord na Móna have formed a joint venture, splitting ownership equally, to deliver up to 800 MW of new renewable onshore wind energy in Ireland. Over €1 billion could be invested over the next ten years in developing multiple wind projects across the Midlands
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Korys has increased its ownership in Virya Energy to 70 per cent by acquiring an additional 30 per cent from the Colruyt Group, amounting to approximately €600 million in equity value. With this stake, Korys aims to support Virya Energy in advancing its growth plans
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Leeward Renewable Energy, a US renewable energy developer and operator, has inked power purchase agreements (PPAs) with Microsoft Corp for two 200 MW solar projects in Texas. The tech giant obtained power from the Cradle Solar project in Brazoria County and the Morrow Lake Solar project in Frio County under the PPAs.
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