The US Bureau of Ocean Energy Management (BOEM) has granted construction approval to Dominion Energy for its planned 2.6 GW Coastal Virginia Offshore Wind (CVOW) project. The project will be situated 23.5 nautical miles offshore Virginia Beach in the state of Virginia. Reportedly, onshore work will be initiated later in 2023, and the project is on schedule and within the estimated budget.
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Canadian Solar Inc. revealed plans to construct a 5 GW annual production capacity solar photovoltaic (PV) cell manufacturing factory in Indiana. Reportedly, the $800 million facility will be set in Jeffersonville’s River Ridge Commerce Center and will manufacture solar cells for the company’s module assembly plant in Mesquite, Texas.
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Lightsource bp has commenced commercial operations at the 135 MW Conway Solar at Happy project in White County, Arkansas, US. The solar farm is situated on 700 acres near the village of Happy, Arkansas, and is 88.5 km from the state capital, Little Rock. Overall, the project will provide enough sustainable energy to power 21,000 US homes.
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Innergex Renewable Energy has received a $322.7 million tax equity investment for its 329.8 MW Boswell Springs wind project in the US state of Wyoming, which is now under development. Reportedly, JP Morgan, Capital One, and Innergex completed the upfront tax obligation. According to the agreement, the shareholders will make cash payments when the project generates production tax credits over a ten-year period.
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Clearway Energy has started commercial operations at a new solar plus storage project in San Bernardino County, California. The Daggett solar plus storage project comprises a 482 MW solar farm and a 280 MW battery energy storage facility. Furthermore, a total of 181,000 households will receive clean energy from the project. In order to maintain grid dependability, energy stored can be used during periods of high demand.
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KeyState Renewables and Monarch Private Capital, an ESG investment company, have obtained tax equity funds of $100 million for the Glover Creek solar project with Pine Gate Renewables. Pine Gate Renewables is a company that develops, owns, and maintains utility-scale solar and energy storage projects across the United States.
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Ashtrom Renewable Energy has secured a $270 million green loan for the realisation of the 306 MW/400 MW DC Tierra Bonita solar project in Texas. Reportedly, the funding was organised with five banks, including BHI, a US unit of Bank Hapoalim Group, Bayerische Landesbank, ING Capital, Rabobank, and Societe Generale.
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The US Bureau of Ocean Energy Management has finished the environmental analysis for Dominion Energy’s 2.6 GW Coastal Virginia Wind project and will issue a notice of availability for the final environmental impact statement (EIS) in the coming days. Reportedly, the company revealed plans to offload a non-controlling interest in the scheme in order to de-risk it.
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Apex Clean Energy has given Vestas a contract to repower its Downeast Wind project in the US state of Maine. The delivery and commissioning of 30 Vestas V150-4.2 MW turbines is part of the company’s scope of work. Reportedly, the turbines will be serviced by the Danish corporation under a multi-year active output management 5000 agreement.
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Vestas, a Danish wind turbine manufacturer, has been awarded the order to supply turbines with a total capacity of 243 MW from RWE for an undisclosed project in the US. Reportedly, Vestas will provide 54 V163-4.5 MW wind turbines, each of which will be mounted on a tower with a hub height of 98 metres. Furthermore, their rotor will be 163 metres in diameter, with each blade having a maximum length of 80 metres.
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Bila Solar, a Singapore based solar module manufacturer is investing $35m on a plant in Indianapolis, Indiana, which has the capacity to produce 1 GW of glassless, frameless solar modules. It plans to renovate an existing 150,000ft² facility at White River Parkway East Drive, Indianapolis. The plant, which is anticipated to be fully operational in summer 2024.
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Engie, a French utility company, has purchased Texas-based battery energy storage firm Broad Reach Power for $1 billion. This transaction is expected to close in the fourth quarter of this year, subject to approval from the antitrust and energy regulatory authorities. Broad Reach Power develops and operates clean energy and energy storage projects across Texas, California, and other markets in the US.
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IRG Acquisition Holdings (IRGAH), a partnership between CDPQ, American power generation company Invenergy, and funds managed by Blackstone Infrastructure Partners has announced that it has acquired American Electric Power’s (AEP) unregulated renewables portfolio for $1.5 billion. This comprehensive deal encompasses 14 wind and solar projects, totaling a capacity of 1200 MW and 165 MW, respectively.
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Swift Current Energy, a utility-based renewable developer in the US, has raised $779 million for its 800 MW DC (593 MW AC) solar project namely Double Black Diamond. The project is located 30 miles west of Springfield, Illinois. Mitsubishi UFJ Financial Group, Société Générale, and Truist provided the finance. An $84 million letter of credit facility and $695 million in construction and tax equity bridging loans are included in the package.
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The US Bureau of Ocean Energy Management (BOEM) has announced the final three wind energy areas (WEAs) in the Central Atlantic that have the potential to support offshore wind capacity between 4 GW and 8 GW. The three WEAs covering 356,550 acres are situated in relatively shallow water, off the coasts of Maryland, Virginia, and Delaware. The first area called A-2, is 26 nautical miles from Delaware Bay and will cover 101,767 acres.
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A Canada-based solar module producer, Heliene is planning to produce 1 GW of solar modules and 1.5 GW of solar cells at a new facility in Minnesota, the US. The new factory, which is anticipated to be in the Minneapolis – St. Paul region, is expected to start manufacturing modules in 2024 and cells in 2025. The company intends to invest around $145 million in the new facility.
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First Solar, US-based manufacturer of solar modules has announced its plans for an investment of $1.1 billion. The investment intends to build fifth manufacturing facility in United States (US). The company made the move in an effort to increase American production of photovoltaic solar modules
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Jupiter Power, an energy storage project company has been awarded an order to construct two standalone battery energy storage projects of 160 MW/ 320 MWh capacity in Texas. The company has raised $70 million for setting up these projects
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Revkor Energy Holdings Inc., a US-based company, and H2 Gemini Technology Consulting GmbH, a German supplier of industrial equipment, have announced plans to construct a solar cell and module plant in Salt Lake City, Utah, the US. The objective of the collaboration is to promote perovskite, graphene, plastic recycling, and innovative tire vulcanisation techniques using its production and research facility in Utah.
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Ameresco, a Massachusetts-based renewable energy provider, received contracts from Avenue Capital’s Middle River Power (MRP) to design and construct four battery energy storage system (BESS) projects in California totaling 379 MWh. The four BESS projects will be co-located at gas power plants owned by MRP. The projects will get started in the summer of 2023, which are expected to be completed in the third quarter of 2024.
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