TotalEnergies, a France-based oil and gas company, has acquired solar project developer Core Solar to its renewable energy portfolio in the US. Under the terms of the deal, Core Solar president and CEO and the employees will join TotalEnergies teams. The financial details of the deal have not been disclosed by either company.
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Appalachian Power has issued a request for bids to develop 300 MW of solar or wind generating capacity. The projects to be developed must be least 50 MW in size and commercially operational by mid-December 2023. However, proposals with an operational date up to December 15, 2024 will be considered. The proposals may include projects with an option for a battery storage system.
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United States-based power generation developer, investor and operator NTE Energy has announced its plans to develop more than 5 GW of clean energy projects in the next five years. It is planning to develop a clean energy pipeline of 1.2 GW solar and 3.9 GW battery energy storage systems. The company expects 3 to 4 GW of these projects to come online by 2026.
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UAE based energy company Masdar has achieved the first close on an acquisition of a clean energy portfolio from EDF Renewables North America. The transaction involves the acquisition of 50 per cent of a total 1.6 GW project portfolio in the United States. This follows a decision made by the companies last year to partner for eight renewable energy projects in the United States.
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Total has acquired 2.2 GW of solar project pipeline along with 600 MW of battery storage projects, all of which are located in the state of Texas in the United States. The projects include four large-scale solar projects, each with co-located battery energy storage systems. These are located in industrial areas close to Houston that have high demand for electricity.
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Renewables investor and financier—Leyline Renewable Capital—has plans to provide financial support to Ohio-based Momentum Energy Storage Partners, which would develop up to 2 GW of battery projects across the US.
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Ameresco and Wells Fargo have partnered up to develop about 30 MW of new solar capacity at Wells Fargo retail and administrative locations across seven states in the United States. These onsite solar generation assets will include rooftop, carport and ground mounted systems in Arizona, California, Connecticut, Iowa, New Jersey, North Carolina and Texas. The implementation of these projects is expected to begin in April 2021.
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Equinor ASA has completed the sale of a 50 per cent stake in two major lease areas off the US East Coast to BP. This includes the development of two offshore wind projects with a cumulative capacity of 4.4 GW. The sale and partnership were announced earlier in September 2020.
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Air Liquide has completed the construction of the world’s largest PEM (Proton Exchange Membrane) electrolyser production unit with a capacity of 20 MW in Canada. Supplied with renewable energy, this unit is now producing up to 8.2 tonnes per day of low-carbon hydrogen in Bécancour, Québec.
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First Solar is in the process of selling a 10 GW utility-scale solar project platform to Leeward Renewable Energy Development in a $261 million transaction. Leeward is a portfolio company of OMERS Infrastructure, an investment arm of OMERS, one of Canada’s largest benefit pension plans. The deal is expected to close in the first quarter, subject to regulatory approvals and customary closing conditions.
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Tesla has come a step closer to a more comprehensive ecosystem by launching a proprietary solar inverter. The product – the Tesla Solar Inverter – comes in 3.8 kW and 7.6 kW versions featuring two and four maximum power point trackers (MPPTs), respectively.
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Spain-based energy group Naturgy has acquired 100% of the economic interests in Hamel Renewables, a renewable energy company specialising in solar and energy storage. This transaction marks Naturgy’s entry into the United States renewable energy market as this is its first investment here.
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The French energy giant Total and 174 Power Global, a subsidiary of Hanwha Group, formed a 50:50 joint venture to develop a 1.6 GW project in the United States, including 12 utility-scale solar arrays and energy storage devices.
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Trina Solar has signed a long-term PV module supply deal with US energy major NextEra Energy totalling 4GW, thought to be the largest order of its kind outside of China. In a financial statement, Trina Solar said the PV module supply deal was for its high-efficiency large-area (210mm x 210mm) wafer-based modules, known at the Vertex series launched at the beginning of 2020.
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Amazon has announced five new renewable energy projects in China, Australia and the US that further support Amazon’s commitment to reach 80 per cent renewable energy by 2024 and 100 per cent renewable energy by 2030 (and potentially as early as 2025), as well as to reach net zero carbon by 2040.
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The US Department of the Interior (DOI) and the Bureau of Land Management (BLM) have granted the final approval for what they say will be the largest solar-power project in the U.S., a $1 billion installation in Nevada that could power about 260,000 households—enough to cover the residential population of Las Vegas. The land proposed for the 690 MW Gemini solar project is on the Moapa River Indian Reservation, 33 miles northeast of Las Vegas.
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