Denham Sustainable Infrastructure (DSI) has established a new renewables player Pontal Energy in Brazil. This was followed by the transaction with Equinor for the sale of certain Rio Energy assets, the Rio Energy trade name, and the management team platform. Pontal Energy will oversee the continued growth of the assets and pipeline retained by Denham in the transaction.
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Van Oord has secured two offshore wind projects: Baltic Power in the Baltic Sea and Greater Changhua 2b and 4 in Taiwan. The contracts have a total worth of more than €500 million. The two offshore wind farms are expected to supply about 2.5 million households with renewable energy when they are fully operational.
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Air Liquide and Siemens Energy have officially launched a jointly owned gigawatt electrolyser factory in Berlin, Germany. The mass production of electrolyser components will enable the production of low-carbon hydrogen on an industrial scale and at a competitive cost, while also stimulating an innovative European ecosystem.
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ACWA Power, Masdar and State Oil Company of Azerbaijan Republic (SOCAR) have inked a memorandum of understanding (MoU) to build 500 MW of renewable energy projects in Nakhchivan Autonomous Republic of the Republic of Azerbaijan. Reportedly, Chief Investment Officer of ACWA Power, Chief Executive Officer of Masdar, and Vice President of SOCAR inked the MoU.
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Uniper, a German energy company, and First Ammonia, a New York-based ammonia plant developer, have decided to join forces on a green ammonia project at the port of Victoria, Texas. The companies announced their collaboration plans on October 30, 2023 during the US-German Hydrogen Conference in Berlin.
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Saudi Power Procurement Company (SPCC) has awarded the consortium of Masdar, EDF Renewables and Nesma Renewable Energy a contract to construct the 1,100 MW Al Henakiyah solar plant in Saudi Arabia. Furthermore, the companies have inked a 25-year power purchase agreement (PPA) with the Saudi Power Procurement Company. The SPPC awarded the consortium the project after it submitted the bid of $16.84 per MWh.
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The UK and Germany have entered into a new partnership that aims to improve the production of renewable energy and ensure long-term energy security for both countries. Furthermore, the agreement provides a framework for future energy and climate cooperation while reducing regulatory limitations on renewables, particularly offshore wind and electricity connections in the North Sea.
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Iberdrola has inked a strategic deal with Masdar, a major renewable energy group based in Abu Dhabi, to co-invest in the 476 MW Baltic Eagle offshore wind farm in the German Baltic Sea. Following confirmation that all the necessary regulatory approvals have been received, Iberdrola will have a 51 per cent ownership stake in the project.
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Vårgrønn, a joint venture between Plenitude (Eni) and HitecVision, and Flotation Energy have inked exclusivity agreements for two floating offshore wind developments with an overall power generation capacity up to 1.9 GW. The agreements were signed under Crown Estate Scotland’s Innovation and Targeted Oil and Gas leasing round.
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Blackstone and Vista Equity Partners announced plans to jointly buy Energy Exemplar, an Australian energy market software firm. According to the statement, the purpose of the agreement is to assist Energy Exemplar in expediting technology developments concerning grid stability and the energy shift. Furthermore, both Blackstone and Vista will purchase an equal 50 per cent stake in Energy Exemplar, and Riverside Company, the company’s present owner, will cash out.
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The Connecticut Department of Energy and Environment Protection (DEEP) has issued two requests for proposals for grid-scale, zero-carbon electricity resources, one of which seeks up to 2 GW of offshore wind capacity as part of a larger agreement with neighbouring New England states. The deadline for submitting bids for both RfPs is January 31, 2024. The successful applicants will be given contracts with the state’s electric distribution companies.
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The World Bank has sanctioned a development policy loan worth $1 billion with the aim of bolstering South Africa’s energy sector, advancing its low-carbon transition, and supporting the ongoing electricity market reforms in the country. The funding, structured as a development policy loan, will be channelled to the National Treasury.
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The Solar Energy Corporation of India (SECI) has issued request for proposals for setting up 2,000 MW of inter-state transmission system (ISTS) connected wind-solar hybrid projects under tranche VII. The projects will be developed on the basis of build, own, and operate model. According to the tender guidelines, the scope of work under the project includes identification of land, installation, projects ownership.
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HD Hyundai Electric, Pacifico Energy Korea, CS Wind, Korea Ocean Engineering & Consultants, and Daebul Shipbuilding signed a memorandum of understanding (MoU) to develop a 3.2 GW offshore wind project off the coast of Jindo County in South Jeolla Province. In order to effectively finish the project, the companies also committed to strengthening the system of cooperation under the MoU
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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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Aker Horizons ASA, a Norwegian renewables and hydrogen company, has announced that Statnett has granted it 370 MW of grid capacity for two green ammonia projects in the northern part of Norway. The bigger portion, 250 MW, has been set aside for a joint venture between Aker Horizons and Statkraft that is being developed in Kvandal, outside of Narvik.
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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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Statkraft AS has declared that it has purchased two companies having pipelines over 37 GW of onshore and offshore wind projects in Sweden. The company has purchased onshore wind company Svevind Nordic AB, part of Dresden-based Svevind Energy Group, and Swedish-Norwegian joint venture (JV) Njordr Offshore Wind AB.
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Adani Energy Solutions Limited (AESL) has successfully commissioned the Karur transmission project for the evacuation of 2,500 MW of energy from clean sources. The project is located in Karur/Tiruppur wind energy zone of Tamil Nadu, India. The project involves the establishment of a 400/230 kV, 1,000 MVA pooling station and a corresponding transmission line that covers a distance of 8.51 circuit kms.
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Engie Brasil Energia SA has inked an agreement to purchase solar power plants in Brazil with an overall installed capacity of 545 MW from Atlas Renewable Energy. Reportedly, Engie will acquire Atlas Energia Renovavel do Brasil SA and Atlas Brasil Energia Holding 2 SA for about €618 million. The two targets possess five photovoltaic (PV) plants in the states of Bahia, Ceara, and Minas Gerais.
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