Bila Solar, a Singapore based solar module manufacturer is investing $35m on a plant in Indianapolis, Indiana, which has the capacity to produce 1 GW of glassless, frameless solar modules. It plans to renovate an existing 150,000ft² facility at White River Parkway East Drive, Indianapolis. The plant, which is anticipated to be fully operational in summer 2024.
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Engie, a French utility company, has purchased Texas-based battery energy storage firm Broad Reach Power for $1 billion. This transaction is expected to close in the fourth quarter of this year, subject to approval from the antitrust and energy regulatory authorities. Broad Reach Power develops and operates clean energy and energy storage projects across Texas, California, and other markets in the US.
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A consortium led by Ford, including South Korea’s EcoPro BM and SK Innovation, has announced its intention to establish a CAD 1.2 billion cathode manufacturing facility in Canada. The plant will be located in Becancour, Quebec, Canada. The project is being built on 280,000-meter square land. The facility, which will comprise a six-floor building, will commence operations in the first half of 2026.
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The Canadian government has unveiled a set of clean electricity regulations (CER) to accelerate the switch to renewable energy and help achieve the country’s goal of reaching net-zero by the year 2035 by reducing emissions. The country is already producing 84 per cent of its electricity by utilising renewable sources such as wind, hydropower, and nuclear power.
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Wärtsilä, a Finnish energy provider, has won a contract from Clearway Energy Group to provide a 500MWac/2GWh energy storage portfolio for Clearway’s solar-plus-storage projects. The five solar-plus-storage sites are a combination of energy storage and solar photovoltaic (PV) resources, and they are situated in Hawaii and California. The Daggett II and Daggett III projects, with a combined solar PV capacity of 482MWac and 275MWac/1.1GWh of energy storage, are part of the portfolio.
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For the purpose of acquiring 1 GW of solar and wind energy, Entergy Arkansas, a utility in the US, has issued a request for proposals. Renewable energy would be purchased through one or more power purchase agreements that would be in operation between May 2025 and December 2026, as well as self-build alternatives and one or more build-own-transfer agreements.
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Onward Energy, a US-based energy company, and Global Atlantic Financial Group have signed a legally binding contract for Onward Energy to acquire all the cash equity interests in the 1.17 GW operational solar portfolio. A total of 11 solar projects, located across eight different US states, make up the solar portfolio. No financial details have been disclosed.
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Renewable energy project developer BQ Energy (BQE) has been purchased by US-based clean energy investment platform CleanCapital for an undisclosed amount. In accordance with the agreement, CleanCapital has acquired a 100 per cent ownership stake in BQE. In order to facilitate the energy transition, the company intends to support BQE’s pipeline of solar projects and to build on underutilised and polluted land.
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Voltalia, a French renewable energy company, intends to construct a solar PV cluster with a capacity of more than 1.5 GW in Minas Gerais, Brazil. Voltalia, located in the Arinos region, is developing a solar cluster for its own use as well as for third parties. The company has already formed alliances with a number of companies, including CTG Brasil, which will purchase a significant portion of the solar sites once the development phase is completed.
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The New York State Energy Research and Development Agency (NYSERDA) in the US has awarded three utility-scale solar photovoltaic projects to CS Energy, an Australian energy company. The three projects have a combined capacity of 270 MWac or 365 MWdc and were selected by NYSERDA as part of its fifth annual Renewable Energy Standard request for proposals.
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Celsia, a power distribution company, has received a 369 MW wind turbine supply order with German wind turbine manufacturer Nordex Group for three wind projects in Colombia. Nordex will deliver 63 wind turbines to the Acacia II, Camelias, and Carreto wind farms as part of the contract. The Acacia II and Camelias wind projects are in the Guajira region of Colombia, while the Carreto wind project is in Atlantico.
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The New York State Energy Research and Development Authority (NYSERDA) has awarded EDF Renewables North America a 1 GW solar and battery storage contract as part of its 2021 solicitation for large-scale renewable energy certificates. The Columbia Solar Energy Centre and Ridge View Solar Energy Centre, each with 350 MWac of capacity and 20 MW of co-located battery storage, are among the solar projects included in the contract.
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Canadian Solar has agreed to sell its 70 per cent stake in Brazil’s Marangatu and Panati-Sitiá solar farms to SPIC Brasil for an undisclosed sum. The two solar projects will have a combined generating capacity of 738 MW and will cover a land area of 2,200 hectares. The projects are in advanced stages of development and are located in the states of Piaui and Ceara in Brazil’s north-eastern region.
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As part of its 2021 solicitation for utility-scale renewable energy certificates, the New York State Energy Research and Development Authority (NYSERDA) has selected five Boralex solar projects with a cumulative capacity of 540 MW and a battery capacity of 77 MW. The solar farms, which are spread across upstate New York, have the potential to generate more than 1 TWh of renewable energy every year.
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Green Investment Group (GIG), a Macquarie-owned company, and Hydro Rein have agreed to form a joint venture to build and operate a 586 MW wind and solar power plant in Brazil’s northeast. The wind and solar hybrid project, named Feijo, will be developed in the Brazilian states of Piaui and Pernambuco. Feijo will be equipped with 80 wind turbines by Nordex, a wind turbine manufacturer.
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BluEarth Renewables US, a renewable energy company, has purchased a 1 GW wind and solar development project in Colorado from NorthRenew Energy for an undisclosed sum. The Eads Wind and Solar Project is located in Kiowa and Cheyenne Counties and is expected to be completed in multiple phases.
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TotalEnergies has agreed to buy 50 per cent of Clearway Energy Group, the fifth-largest renewable energy company in the US. Once completed, this will be TotalEnergies’ largest renewable energy acquisition in the US reportedly. The company stated that it would collaborate with Global Infrastructure Partners (GIP) in this deal.
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With a $276 million investment, Spanish utility Naturgy has begun construction of a 300 MWdc solar photovoltaic (PV) facility in Texas. The 7V Solar Ranch plant is being developed on more than 800 hectares of land in Fayette County and is expected to be operational by 2023. The project marks the beginning of the development of the solar and energy storage portfolio that Naturgy bought from Hamel Renewables in 2021.
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The US Department of the Interior (DOI) has announced that TotalEnergies of France and Duke Energy Corp (DUK.N) of the US have been awarded offshore wind leases in federal waters off the coasts of North and South Carolina. The winning bids totalled $315 million, with Duke receiving $155 million and TotalEnergies receiving $160 million.
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Corio Generation, a portfolio company of Green Investment Group (GIG), has partnered with the Ontario Teachers’ Pension Plan Board (Ontario Teachers) to develop up to 9 GW of offshore wind capacity worldwide. The collaboration encompasses 14 fixed-bottom and floating projects that Corio is currently building in South Korea, Taiwan, Japan, Ireland, and the UK.
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