Author: Sarthak Takyar

Eversource Energy to sell Sunrise Wind stake to Ørsted

Eversource Energy has completed the necessary paperwork for its previously disclosed deal to sell its 50 per cent share in the 924 MW Sunrise Wind project to Ørsted. Despite the sale, Eversource will continue to oversee the onshore construction of the Sunrise Wind project through a separate construction management agreement.

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Scout Clean Energy signs VPPA with Zoetis

Scout Clean Energy, a renewable energy company, has signed a 12-year Virtual Power Purchase Agreement (VPPA) with Zoetis Inc. for a 50-megawatt portion of Scout’s operating Heart of Texas Wind Farm. This represents over one-fourth of the 180 MW project’s total capacity

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Chevron Launches $500 Million Renewable Energy Technology Fund

Chevron Corporation’s venture capital arm has launched its third fund, committing $500 million to invest in renewable energy technologies. The Future Energy Fund III will allow Chevron to evaluate long-term investments in areas not directly connected to its current business operations

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Origin buys 1.5 GW wind farm in New South Wales

Origin Energy Limited has struck a deal with Virya Energy to purchase the Yanco Delta Wind Farm, which is a wind and energy storage facility situated in New South Wales. Yanco Delta is positioned within the South West Renewable Energy Zone designated by the New South Wales Government. It comprises a 1.5 GW wind farm and a 800 MWh battery. The project is situated next to key transmission infrastructure.

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Centrica and STMicroelectronics ink long-term solar PPA

STMicroelectronics and Centrica Energy have inked a ten-year Power Purchase Agreement for the supply of renewable energy to the former’s operations in Italy. The power sale will start in January 2025, and under this agreement Centrica will sell approximately 61 GWh of renewable energy annually to ST from its new solar farm in Italy.

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RWE joins forces with WhiteRock to develop gigawatts of US renewable

RWE Clean Energy has formed a strategic partnership with renewables developer WhiteRock Renewables (WhiteRock) to scale-up the expansion of RWE’s onshore wind, solar, and energy storage development pipeline in the US. The company is aiming for record growth in the US. This partnership with WhiteRock will help RWE progress on its expansion goals in the US. WhiteRock expects to create and develop 4 to 5 GW of onshore wind, solar, and battery energy storage system (BESS) projects.

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SUSI Partners invests in utility-scale renewables projects in the Philippines

SUSI Partners has signed an investment agreement with experienced Southeast Asian developer Alba Renewables through the SUSI Asia Energy Transition Fund to support the development, construction, and operation of utility-scale ground-mounted solar PV and onshore wind projects in the Philippines. Through the purchase, SUSI will assist Alba’s broader growth objectives throughout Southeast Asia and contribute to the development of a regional utility-scale renewables platform with an emphasis on the Philippines.

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