Category: News America

RWE and Meta ink PPA for 200 MW solar project in Texas

RWE and Meta have inked a power purchase agreement (PPA) for offtake from a 200 MW solar project situated in Texas. Under this agreement, Meta will purchase 100 per cent of the output from RWE’s Waterloo Solar project in Bastrop County. This project will commence construction later in 2025. Furthermore, this project once operational will support Meta’s goal of matching its operations with 100 per cent clean and renewable energy.

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Quinbrook reaches financial close for the Cleve Hill solar plus storage project

Quinbrook Infrastructure Partners (Quinbrook) has reached financial close of debt financing for Cleve Hill Solar Park (Cleve Hill). This is a solar plus battery storage project currently under construction. The project has a solar capacity of 373 MW and a storage capacity of 150 MW and is expected to commence operations in 2025. Furthermore, the project financing combines a GBP 218.5 million term loan and a GBP 20 million VAT facility.

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CIB invests $117.4 million in the Weavers Mountain Wind Energy Project

The Canada Infrastructure Bank has achieved financial close of a $117.4 million loan for the construction of a 94.4 MW Weavers Mountain Wind Energy Project. This project is situated in Nova Scotia’s Antigonish and Pictou counties. It includes 16 Nordex turbines with a hub height of 125 meters. It also consists of anti-icing system blade technology and a 25-year power purchase agreement. Additionally, the project is expected to begin commercial operations in late 2026.

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Electric Hydrogen and Titan join forces for 100 MW electrolyser plant in US 

Electric Hydrogen has partnered with Titan for the fabrication and assembly of 100 MW electrolyser plant product. This process will be carried out at Titan’s facility in Columbus, Texas. This plant enables a reduction of up to 60 per cent in total installed costs for electrolytic hydrogen. Furthermore, the hydrogen plant was pre-assembled and pre-tested before being shipped to the customer site.

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RES commences construction of 168 MW Goose Harbour Lake wind farm in Nova Scotia

RES has completed the development phase and has commenced construction of the 168 MW Goose Harbour Lake Wind Farm in Nova Scotia on behalf of Port Hawkesbury Paper Wind Ltd (PHPW). The project is expected to reduce greenhouse gas emissions by over 350,000 tonnes annually. With a total investment of $450 million, the project is slated to begin commercial operations in 2026.

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CDPQ acquires 100 per cent stake in Innergex

CDPQ and Innergex Renewable Energy Inc. have inked a definitive agreement under which CDPQ will acquire all issued and outstanding common shares of Innergex for $13.75 per share in cash. This represents a 58 per cent premium over Innergex’s current share price of $8.71. Furthermore, CDPQ will also acquire all issued and outstanding preferred shares of Series A and C for $25.00 per share in cash.

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Arevon Energy completes $258 million financing for 200 MW BESS project in California

Arevon Energy has completed financing for its 200 MW/ 400 MWh Peregrine energy storage project. Peregrine is a battery energy storage system (BESS) project located in the Barrio Logan community of San Diego, California. Arevon secured a $179 million debt package for the project, which will serve as a bridge to a preferred equity and tax credit transfer takeout. Furthermore, Santander acted as the administrative agent and coordinating lead arranger, along with CoBank and ACB, for the project.

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EDPR NA launches 100 MW solar park in Mississippi

EDP Renewables North America (EDPR NA) has launched the 100 MW Ragsdale Solar Park (Ragsdale) in Madison Country, Mississippi. The project became operational in the fourth quarter of  2024 and will supply power directly to Entergy Mississippi’s transmission system. This project will provide sufficient energy to power around 15,700 homes in Mississippi annually. Furthermore, Amazon has contracted for entire 100 MW capacity of the project through a 15-year power purchase agreement (PPA).

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Aslan Energy Capital inks MoU to supply green hydrogen to CalYan XGH

Aslan Energy Capital has signed a MoU to supply 100,000 tonnes per annum (TPA) of sustainable hydrogen to CalYan XGH. This green hydrogen will be supplied from Aslan Energy Capital’s Aslan Net-Zero Energy Mexico (ANEM) Project in Mexico. This is a solar-powered facility dedicated to producing green hydrogen and green ammonia and will be operational by 2028. The collaboration aims to establish a clean hydrogen supply chain to California. Furthermore, Aslan will oversee the delivery of hydrogen to the Southern California border.

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

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, 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 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 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 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 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 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 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, 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 (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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