Category: Big Moves America

Chevron to set up solar-to-hydrogen production project in US

Chevron to set up solar-to-hydrogen production project in US

March 5, 2024 | , , ,

Chevron New Energies, a division of Chevron U.S.A. Inc., announced it is developing a 5 MW hydrogen production project in California’s Central Valley. The project aims to create lower carbon energy by utilising solar power, land, and non-potable produced water from Chevron’s existing assets at the Lost Hills Oil Field in Kern County. Reportedly, this low carbon intensity (LCI) electrolytic hydrogen will be produced through electrolysis, which is the process of using electricity to split water into hydrogen and oxygen.

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ENGIE completes $1 billion equity financing for 1.3 GW renewables in the US

ENGIE completes $1 billion equity financing for 1.3 GW renewables in the US

February 29, 2024 | , ,

ENGIE North America has announced that it has secured more than $1 billion of tax equity financing, through separate agreements with three banks, J.P. Morgan, Goldman Sachs and BNP Paribas. The financing pertains to a portfolio of recently commissioned renewable projects in the U.S. Furthermore, the overall portfolio includes 6 projects across ERCOT, MISO and SPP, including 950 MW of solar and 353 MW of wind capacity.

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Glentra invests in floating solar developer Third Pillar

Glentra invests in floating solar developer Third Pillar

January 29, 2024 | , ,

Glentra Capital has acquired a majority position in Third Pillar Solar Renewables LLC, a US-based floating solar developer with a pipeline of projects with a capacity ranging from 3 MW to 200 MW. According to the company’s statement, the bet was made as part of its plan to invest in renewable development platforms with strong management teams and a compelling pipeline of projects.

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EDPR NA to begin operations at 297 MW Canadian wind farm

EDPR NA to begin operations at 297 MW Canadian wind farm

January 23, 2024 | , ,

EDP Renewables North America (EDPR NA) and EDP Renewables Canada (EDPR Canada) have started operations at the 297 MW Sharp Hills wind farm in Sedalia and New Bridgen in Alberta, Canada. The power will be supplied to TC Energy, a Calgary-based company that operates in natural gas, oil, and power. The launch of the Sharp Hills wind farm follows a memorandum of understanding between EDPR NA and the Invest Alberta Corporation. A C$600 million investment was made to build the wind farm.

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TotalEnergies to supply 358 MW green power to LyondellBasell 

TotalEnergies to supply 358 MW green power to LyondellBasell 

December 21, 2023 | , ,

TotalEnergies has signed a second contract with LyondellBasel to supply a combined 275 MWac (358 MW) of green electricity sourced from its utility-scale Cottonwood Bayou and Brazoria Solar farms in Texas. Through the newly signed 15-year CPPA, LyondellBasell will offtake 163 MW from Brazoria Solar farm, located southwest of Houston, with a capacity of 325 MW and a commercial start-up planned for end of 2025. 

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Hawaiian Electric to launch negotiations for 15 renewable energy projects 

Hawaiian Electric to launch negotiations for 15 renewable energy projects 

December 14, 2023 | , , ,

Hawaiian Electric will commence negotiations for contracts with the developers of 15 renewable energy projects on Oahu, Hawaii Island, and Maui, which will lower Hawaii’s reliance on imported oil for electricity generation substantially. A number of Oahu and Hawaii island projects make use of stable renewable energy sources, which can generate clean electricity even in the absence of wind or sunshine.

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bp acquires full ownership of Lightsource bp

bp acquires full ownership of Lightsource bp

December 1, 2023 | , ,

bp has agreed to acquire the remaining 50.03 per cent interest in Lightsource bp. Full ownership will now enable bp to further scale up Lightsource bp and create additional value by applying bp’s complementary capabilities and strengths including in finance and trading fully to the business. bp will continue to target double digit equity returns from this business.

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Excelsior concludes $1.3 billion financing for Utah solar project

Excelsior concludes $1.3 billion financing for Utah solar project

November 30, 2023 | , ,

Excelsior Energy Capital has announced that it has concluded a financing package of $1.3 billion on the Faraday Solar project in Utah County, Utah. Reportedly, Excelsior acquired Faraday Solar earlier in 2023 from Parasol and Clenera who developed the project. Faraday Solar is a 682.5 MW ground-mounted solar facility. Furthermore, the project is contracted under an investment grade long-term power purchase agreement.

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Grenergy announces €2.6 billion investment plans

Grenergy announces €2.6 billion investment plans

November 22, 2023 | , , ,

Grenergy has unveiled its growth plans, closely linked to its strategic commitment to energy storage, which is key to advancing the decarbonisation of the energy system for a green and sustainable future. As part of the event, the company announced an investment of €2.6 billion until 2026. Of the total, €1.5 billion will be allocated to the development of its portfolio of photovoltaic projects and €800 million to boost battery storage.

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