Gaps in cost and performance are expected to narrow over time as innovation and mass deployment of different electrolysis technologies drive convergence towards similar costs. The wide range in system costs is expected to remain, however, as this is very much dependent on the scale, application and scope of delivery.
Read More
HC2 Holdings, Inc. has announced the sale of its majority-owned clean energy subsidiary Beyond6, Inc. to Mercuria Investments US, Inc. for approximately $169 million. HC2, which owns approximately 61 per cent of Beyond6 on a fully diluted basis, expects to receive approximately $65 million in cash.
Read More
Xebec Adsorption Inc. has closed its previously announced acquisition of Green Vision Holding BV, the parent company of HyGear Technology and Services BV, for aggregate consideration of 82 million euros and the assumption of 18.4 million euros in net debt.
Read More
GE Renewable Energy has secured a 27.2 MW contract to supply 8 units of its 3 MW-137 wind turbines to support construction of the Phuoc Minh Wind Farm, located in Ninh Thuan, in the South Central Region of Vietnam. A consortium of PowerChina Huadong Engineering Corporation, Henste Engineering and IPC Group will provide full engineering, procurement and construction services for the project.
Read More
The Moroccan Agency for Sustainable Energy (MASEN) has opened a new tender (expiring on January 31, 2021) for six new solar energy projects with a cumulative capacity of 400 MW. According to the MASEN, the solar photovoltaic plants will be located across the country near Sidi Bennour, Kalaa Sraghna, Taroudant, Bejaad, El Hajeb and Ain Beni Mathar.
Read More
Innergex Renewable Energy Inc. (Innergex) has announced the financial closing and a tax equity commitment for its 225 MW Griffin Trail wind project located in Knox and Baylor Counties, in north-west Texas. The USD 276.2 million financing has been arranged with Sumitomo Mitsui Banking Corporation acting as coordinating lead arranger, and CIBC acting as joint lead arranger, backed by a USD 171.4 million tax equity commitment from Wells Fargo.
Read More
Acciona has started operation of the 198 MW La Chalupa wind farm located in Texas, US. This is Acciona’s tenth wind farm in the US. With the commissioning of this wind farm, Acciona’s installed wind capacity in the country now exceeds 1,000 MW.
Read More
Australia-based investment manager AMP Capital and Sterlite Power, a power transmission infrastructure developer in India will invest $150 million each to develop four transmission projects in the country; and also bring in debt financing with a total capital outlay of about $1 billion. The transmission projects will help in the evacuation of power from renewable energy projects.
Read More
Holaluz has signed a power purchase agreement with the German company Enerparc to acquire power generated from a total of 84 MW of solar photovoltaic parks in the Balearic Islands, Spain. The agreement has been signed for a period of 10 years.
Read More
According to forecasts, the US offshore wind industry is expected to deliver 25 GW by 2029. Of this, 9 GW has already been contracted or will be soon approved. The state renewable purchase standards contracting call for 34 GW by 2035. Meanwhile the Federal lease program currently supports approximately 20 GW to 30 GW of projects depending on turbine density.
Read More
The African Development Bank has approved a $7 million grant from the Sustainable Energy Fund for Africa (SEFA), for technical assistance in setting up a mini-grid acceleration initiative. It aims to boost energy access in remote regions and enhance climate resilience in Africa.
Read More
CDPQ, a global institutional investor, has announced that it will invest USD 1 billion in Invenergy Renewables LLC, a private developer, owner and operator of wind and solar projects in North America, to further support the company in its development activities and growth.
Read More
Pacifico Energy has started the construction of the 77 MW (DC) solar power plant in Ako-gun and Sayo-gun, in Japan. The commercial operations are expected to begin in 2023.
Read More
Telefónica has signed an agreement with Helexia, a subsidiary of the French company Voltalia, to supply renewable electricity to Vivo’s mobile network for the next 20 years.
Read More
South Africa faced an acute economic crisis due to the global pandemic. Due to the fall in power demand, the economic crisis impacted the country’s power sector which was already facing persistent issues with power cuts. in a bid to recover from the economic turmoil and promote cleaner sources of energy, the country is focusing on a just energy transition.
Read More
Mini-grids are complex systems with different suppliers, they are developed for different applications and there is often high regulatory uncertainty regarding their installation and operation. The sustainable market growth and long-term profitability of mini-grid systems requires Quality Infrastructure.
Read More
Vena Energy-Australia has selected Doosan GridTech as its engineering, procurement, and construction partner to build Queensland’s largest grid-scale energy storage system. The battery energy storage system (BESS) is expected to play a major role in improving grid stability and supporting the state’s shift to renewable energy.
Read More
Enel Green Power, through its subsidiary Enel Green Power North America, Inc. (EGPNA), and Maire Tecnimont S.p.A., through its company for the energy transition, NextChem, have signed a MoU to support the production of green hydrogen via electrolysis in the US.
Read More
Vestas has secured a 96 MW deal for the Hawkesdale Wind Farm in Victoria, Australia in partnership with Global Power Generation, a subsidiary of Naturgy Group. Vestas’ will supply and install 23 of its V136-4.2 MW wind turbines.
Read More
Enel Green Power Brasil Participas (EGPB) has started construction of five new renewable energy projects in northeastern Brazil. These include four wind farms and a solar plant, with a cumulative capacity of 1.3 GW.
Read More