Category: News America

Hydrostor secures $200 million to develop compressed air energy storage projects 

Hydrostor secures $200 million to develop compressed air energy storage projects 

February 17, 2025 | , ,

Hydrostor has secured a $200 million investment for the development of Advanced Compressed Air Energy Storage (A-CAES) projects in Canada and around the world. This investment was secured from Canada Growth Fund (CGF), Goldman Sachs Alternatives, and Canada Pension Plan Investment Board (CPP Investments). The investment includes a $150 million convertible note financing commitment from these investors. Additionally, CGF has provided a $50 million convertible development expenditure loan facility.

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Neoenergia sells 350 MW hydroelectric power plant to EDF and STOA in Brazil

Neoenergia sells 350 MW hydroelectric power plant to EDF and STOA in Brazil

February 12, 2025 | ,

Neoenergia, the Brazilian subsidiary of Iberdrola, has sold the Baixo Iguaçu hydroelectric power plant to  EDF and STOA. Iberdrola through Neoenergia controlled 70 per cent of the hydroelectric power plant which is located in Paraná. The plant has an installed capacity of 350 MW and 172 MWm of assured energy. Furthermore, the operation is valued at  €240 million. Additionally, this transaction also reinforces Iberdrola’s asset rotation strategy.

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Enel North America commences operation of solar plus storage project in Texas

Enel North America commences operation of solar plus storage project in Texas

February 12, 2025 | , , ,

Enel North America has commenced operations of the Estonian solar-plus-storage plant which is situated in Delta County, Texas. This solar plus storage project consists of a 202 MW solar photovoltaic facility along with a 104 MW battery energy storage system. Furthermore, Estonian Solar is supported by a power purchase agreement (PPA) with BXP Inc. and Capri Holdings Limited. The project is expected to generate approximately 499 GWh of clean electricity each year.

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BrightNight and Cordelio Power ink PPA with Arizona Public Service  

BrightNight and Cordelio Power ink PPA with Arizona Public Service  

February 7, 2025 | , ,

BrightNight and Cordelio Power have inked a power purchase agreement (PPA) with Arizona Public Service (APS). Under this agreement, APS will procure carbon-free energy from BrightNight and Cordelio’s clean energy center. This is a hybrid facility featuring 300 MW of solar capacity and 1,200 MWh of battery energy storage. The facility will deliver reliable, affordable, and clean electricity to APS customers, support the region’s growing energy needs, and enhance grid resilience. 

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Invenergy reaches financial close for 590 MW solar projects 

Invenergy reaches financial close for 590 MW solar projects 

February 3, 2025 | , ,

Invenergy has secured a $1.1 billion debt financing facility for three utility-scale solar projects in Ohio, Indiana, and Tennessee. This financing package includes a construction/bridge loan facility and a letter of credit facility. The projects that this financing applies to are the Cadence Solar Energy Center (240 MW) in Ohio, the Trade Post Solar Energy Center (200 MW) in Indiana, and the Yum Yum Solar Energy Center (150 MW) in Tennessee, which are currently under construction.

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Enfinity Global adds 425 MW of BESS projects to its portfolio in US

Enfinity Global adds 425 MW of BESS projects to its portfolio in US

January 31, 2025 | , ,

Enfinity Global has expanded its battery energy storage systems (BESS) portfolio through two new projects in Texas. These projects have a total power capacity of 425 MW. Construction of these projects is expected to commence in the second and fourth quarters of 2025. These new additions will bring the company’s total BESS pipeline in US to 6.6 GW. Furthermore, these projects have a combined capacity of 850 MWh and a two-hour duration.

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Voltalia inks contract for 940 MW renewable energy projects in Brazil

Voltalia inks contract for 940 MW renewable energy projects in Brazil

January 28, 2025 | , , ,

Voltalia has inked a 940 MW maintenance contract with COPEL Get, a subsidiary of COPEL. This is a five-year agreement and covers a total installed capacity of 940 MW in the Brisa Potiguar, Cutia and Bento Miguel, São Bento do Norte, Jandaíra, Aventura and Santa Rosa Mundo Novo clusters. This maintenance agreement involves preventive and corrective maintenance of collector substations, medium voltage networks, and 138 and 230 kV transmission lines.

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Sol Systems commences construction of $345 million solar project in US

Sol Systems commences construction of $345 million solar project in US

January 27, 2025 | , ,

Sol Systems has achieved financial close and commenced construction on a $345 million solar project with a capacity of 182 MW. This project is called the Tilden project. The project is expected to generate clean energy sufficient to power nearly 33,800 homes annually in Illinois. It is currently under construction on a mine site in Randolph County, Illinois. Furthermore, the financial close was made possible through collaboration with ING, Churchill Stateside Group, Qcells, Nextracker, and McCarthy Building Companies.

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Plenitude to acquire solar and storage plants from EDP Renewables in US

Plenitude to acquire solar and storage plants from EDP Renewables in US

January 20, 2025 | , , ,

Plenitude, through its US subsidiary Eni New Energy, has inked an agreement with EDP Renewables North America LLC. Under this agreement, Plentitude will acquire a 49 per cent equity stake in two photovoltaic plants and an electricity storage facility currently under construction in California, US. The projects include the Sandrini 100 and Sandrini 200 solar farms, as well as the Sandrini BESS storage facility.

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Avina Clean Hydrogen completes FEED of 800,000 MTPA ammonia plant in Texas

Avina Clean Hydrogen completes FEED of 800,000 MTPA ammonia plant in Texas

January 16, 2025 | , ,

Avina Clean Hydrogen (Avina) has completed the Front-End Engineering Design (FEED) and Front-End-Loading (FEL-3) of its 2,200 metric tons per day (MTPD) clean ammonia facility located on the Texas Gulf Coast. Final investment decision (FID) for the facility is targeted for 2025. The facility is expected to produce up to 600,000 metric tonnes per annum (MTPA) of blue ammonia. Avina has also inked a long-term water supply agreement with the local water district to secure sufficient resources for producing up to 800,000 MTPA of clean ammonia.

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KKR and PSP Investments secure minority ownership in American Electric Power transmission firms

KKR and PSP Investments secure minority ownership in American Electric Power transmission firms

January 15, 2025 | ,

Investment funds managed by KKR and the Public Sector Pension Investment Board (PSP Investments) inked an agreement to acquire a 19.9 per cent stake in American Electric Power’s (AEP) Ohio and Indiana & Michigan transmission companies for $2.82 billion. This investment will enable AEP to address growing customer demand and improve grid reliability. Furthermore, KKR and PSP Investments have formed a 50/50 strategic partnership to complete the acquisition.

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DOE grants $1.67 billion loan to Montana Renewables for renewables fuel in US

DOE grants $1.67 billion loan to Montana Renewables for renewables fuel in US

January 15, 2025 | , ,

The Department of Energy’s (DOE) Loan Programs Office (LPO) has announced the closing of a $1.67 billion loan guarantee to Montana Renewables, LLC (MRL). This amount includes $1.44 billion in principal and $233 million in capitalised interest. The loan will support the expansion of a renewable fuels facility in Montana, enabling the production of sustainable aviation fuel (SAF), renewable diesel, and renewable naphtha. The facility will utilise vegetable oils, fats, and greases to produce cleaner fuels.

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CIB invests $224.2 million in Port Hawkesbury Paper Wind project

CIB invests $224.2 million in Port Hawkesbury Paper Wind project

January 10, 2025 | , ,

The Canada Infrastructure Bank (CIB) has decided to provide $224.2 million as a loan to Port Hawkesbury Paper Wind Ltd for developing a large-scale wind energy project. Additionally, this funding will support 13 Mi’kmaw First Nations, through Wskijinu’k Mtmo’taqnuow Agency Ltd. (WMA), in acquiring a 10 per cent stake in the project. Furthermore, Goose Harbour Lake Wind Farm will support Port Hawkesbury Paper’s energy requirements and Nova Scotia’s transition to clean power. 

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Grenergy secures $324 million financing for Oasis de Atacama battery project in Chile

Grenergy secures $324 million financing for Oasis de Atacama battery project in Chile

January 9, 2025 | , ,

Grenergy has secured approximately $324 million in financing for a battery project Oasis de Atacama. The company has secured this financing for phase four of the project named Gabriela from international financial institutions BNP Paribas, Natixis Corporate & Investment Banking, Société Générale, Bank of Nova Scotia, and SMBC. This phase has an estimated capacity of 269 MW of solar and 1.1 GWh of storage.

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Port of Açu and Yamna ink land agreement for green ammonia plant in Brazil

Port of Açu and Yamna ink land agreement for green ammonia plant in Brazil

January 9, 2025 | , ,

Port of Açu Operações (Port of Açu) and Yamna Co Ltd (Yamna) have inked a land reservation agreement for the development of a green ammonia project. This agreement is inked for a new hub for low-carbon hydrogen and its derivatives in the port industrial complex of Port of Açu in the northeast of Rio de Janeiro State. As part of this agreement, the Port of Açu is reserving two million square meters for green hydrogen projects.

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ContourGlobal acquires solar plus storage project in US

ContourGlobal acquires solar plus storage project in US

January 3, 2025 | , , ,

ContourGlobal has acquired a solar plus storage project in US. The project is currently in its advanced stage and will be developed in two phases. It will feature a combined capacity of 567 MWp of solar PV and 321 MW/1.3 GWh of BESS. Once completed, it will provide a total hybrid capacity of 888 MW. Furthermore, the project is connected to Arizona’s WAPA grid and includes firm transmission rights to deliver power to CAISO.

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Innergex inks EPA with BC Hydro for wind project in British Columbia

Innergex inks EPA with BC Hydro for wind project in British Columbia

January 2, 2025 | , ,

Innergex Renewable Energy has partnered with West Moberly First Nations and inked a 30-year electricity purchase agreement (EPA) with BC Hydro for the Stewart Creek wind project. The 200 MW community wind project is located approximately 60 km east of Innergex’s Dokie Wind Farm, in British Columbia. West Moberly First Nations holds a 51 per cent stake in the project, while Innergex owns 49 per cent. 

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Vistra connects two solar plants to the grid in Illinois

Vistra connects two solar plants to the grid in Illinois

December 30, 2024 | , ,

Vistra has announced the connection of two new utility-scale solar projects in Illinois to the grid. This is done to amend the retirement schedule for its 1,185 MW Baldwin Power Plant in Baldwin, Illinois. The plant, initially set to retire in 2025, will now operate until 2027 while adhering to federal Environmental Protection Agency retirement and pond closure obligations.

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Enlight Renewable Energy secures financing for solar and energy storage projects in US

Enlight Renewable Energy secures financing for solar and energy storage projects in US

December 26, 2024 | , ,

Enlight Renewable Energy Ltd. has secured debt financing for the Roadrunner project located in Arizona, US.  As a part of this debt financing, Enlight through its subsidiary Clenera Holdings LLC, has entered into a $550 million loan agreement with four global banks: BNP Paribas Securities Corp, Crédit Agricole, Natixis CIB, and Norddeutsche Landesbank Girozentrale (Nord/LB). This financing is expected to convert into a $290 million term loan and $320 million in tax equity funding upon the project’s COD.

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