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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RWE and Haltermann Carless, a supplier of hydrocarbon-based products and solvents, have inked a MoU to build a green hydrogen plant in Harwich, in Essex, in the south-east of the UK. The plant would be developed on land that forms part of the Haltermann Carless industrial site in Harwich.
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Recurrent Energy has obtained $70 million in project financing from Banco do Nordeste do Brasil S.A. (BNB) for its Jaiba III solar project in Brazil. The 152 MWp Jaiba III project will receive funding over a 22-year period, covering both construction and operation phases.
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Enefit Green’s subsidiary Enefit Green sp. z o.o. and Polish RES Global Investment sp. z o.o. Partner for green energy transition in Poland. According to the Development Service Agreement, Enefit Green sp. z o.o. will buy 100 per cent of development rights in various early-stage onshore wind projects in Poland.
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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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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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Repsol has completed construction of its Frye Solar project which has a total installed capacity of 637 MW and 570 MW currently in operation. The project was built near the city of Kress, Swisher County, Texas.
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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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Nuveen Infrastructure (formerly Glennmont Partners), a clean energy fund manager, and Exus Renewables, an independent renewables asset management and development firm, have agreed to collaborate on the development of approximately 800 MW of battery storage projects in southern Italy
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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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Fortescue Ltd, an Australian metal mining and green energy company has formally established a production plant in Gladstone, Queensland, with the capacity to produce over 2 GW of electrolyser stacks annually. This is one of the first factories in the world to produce Proton Exchange Membrane (PEM) electrolyser stacks with an automated assembly line. The plant will manufacture electrolysers that Fortescue teams in the US and Australia created internally.
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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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The European Commission (EC) has authorised €1 billion ($1.08 billion) in Greek state aid to help fund the development of two solar-plus-storage projects. The total capacity of these projects, which will improve the reliability of the Greek electrical grid, is 813 MW. By mid-2025, construction will be finished.
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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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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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Idaho Power has chosen Prevalon Energy, a Mitsubishi Power Americas subsidiary, for a four-hour battery energy storage system (BESS) project with a maximum capacity of 328 MWh in Idaho. The project is planned in accordance with Idaho Power’s plan to include over 5 GW of electricity generated from solar and wind farms over the course of the next 20 years.
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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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