Category: News America

LG Energy Solution Vertech to supply 7.5 GWh energy storage to Excelsior Energy Capital

LG Energy Solution Vertech to supply 7.5 GWh energy storage to Excelsior Energy Capital

December 24, 2024 | , ,

LG Energy Solution Vertech has inked a multi-year agreement with Excelsior Energy Capital to deliver 7.5 GWh of fully integrated lithium-ion energy storage projects. These projects will be supported by integration and lifecycle services provided by LG Energy Solution Vertech. Under this agreement, all projects will meet the US domestic content requirements. The first delivery is scheduled for April 2026.

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Atlantica acquires 1.1 GW solar and wind projects in US

Atlantica acquires 1.1 GW solar and wind projects in US

December 23, 2024 | , ,

Atlantica Sustainable Infrastructure has completed the acquisition of a development platform in US. The platform includes around 1.1 GW of solar and wind projects under development in the MISO and SPP regions. It also includes projects in Illinois, Colorado, Mississippi, and Texas. Furthermore, with this addition, Atlantica’s development portfolio in the US now comprises approximately 2 GW of solar and wind projects and 8.5 GWh of storage capacity.

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CIP acquires majority stake in ABO Energy’s wind & hydrogen project

CIP acquires majority stake in ABO Energy’s wind & hydrogen project

December 19, 2024 | , , ,

Copenhagen Infrastructure Partners (CIP) has acquired a majority stake in the Toqlukuti’k Wind & Hydrogen project through its Energy Transition Fund (CI ETF I). This is a large-scale onshore wind and hydrogen project located in Newfoundland & Labrador, Canada. The stake was acquired from Germany-based renewable energy developer ABO Energy, which will remain involved as a minority shareholder and co-developer of the project.

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bp and JERA to form offshore wind JV 

bp and JERA to form offshore wind JV 

December 11, 2024 | , ,

bp and JERA have agreed to merge their offshore wind businesses to form a new, equally-owned joint venture (JV) called JERA Nex bp. This venture will have a total potential net generating capacity of 13 GW and will manage a balanced portfolio of operational assets and development projects.

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National Grid Renewables inks PPA with IMEA for 150 MW solar project in Illinois

National Grid Renewables inks PPA with IMEA for 150 MW solar project in Illinois

November 25, 2024 | , ,

National Grid Renewables has finalised a power purchase agreement (PPA) with the Illinois Municipal Electric Agency (IMEA) for the 150 MW Bee Hollow solar project, located in St. Clair County, Illinois. Construction is expected to begin in 2025, with Bee Hollow expanding the company’s operational solar portfolio in Illinois to 350 MW, including the previously announced Prairie Wolf solar project in Coles County.

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ACCIONA Energía divests 626 MW hydro portfolio to Endesa 

ACCIONA Energía divests 626 MW hydro portfolio to Endesa 

November 19, 2024 | , ,

ACCIONA Energía has agreed to sell its entire stake in, Corporación Acciona Hidráulica S.L., to Endesa for €1 billion. This deal will generate €620 million in capital gains for ACCIONA Energía and is expected to close in the first half of 2025. Corporación Acciona Hidráulica, S.L. owns and operates 34 hydroelectric power plants in Spain, totaling 626 MW of installed capacity.

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Avantus sells Catclaw solar and storage project to DESRI

Avantus sells Catclaw solar and storage project to DESRI

November 5, 2024 | , , ,

Avantus has announced the sale of the Catclaw Solar and Energy Storage Project to D.E. Shaw Renewable Investments (DESRI). Located in Buckeye, Arizona, the Catclaw project includes up to 225 MWac of solar power and 250 MW/1,000 MWh of energy storage. This transaction also includes a long-term Power Purchase Agreement (PPA) with Arizona Public Service (APS). 

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JERA Nex and Catalyst Energy join forces for clean energy expansion in US

JERA Nex and Catalyst Energy join forces for clean energy expansion in US

November 4, 2024 | , , ,

JERA Nex and Catalyst Energy Partners (CEP) have formed a strategic alliance to drive the development, construction, ownership, and operation of new clean energy facilities in key US markets. This collaboration aims to expedite the deployment of large-scale renewable energy projects by leveraging existing grid infrastructure and aligning renewable projects with conventional power plants to enhance grid efficiency.

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DOE allocates $2 billion to strengthen grid and expand transmission

DOE allocates $2 billion to strengthen grid and expand transmission

October 22, 2024 | ,

US Department of Energy (DOE) has announced nearly $2 billion in funding for 38 projects aimed at strengthening the nation’s power grid. The projects, under the Grid Resilience and Innovation Partnerships (GRIP) program, will introduce advanced transmission and distribution infrastructure and technological upgrades to support over 7.5 GW of grid capacity.

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US DOE allocates $1.5 billion to strengthen electricity grid

US DOE allocates $1.5 billion to strengthen electricity grid

October 7, 2024 | ,

The US Department of Energy (DOE) announced a $1.5 billion investment to enhance the nation’s transmission infrastructure. These projects, spanning nearly 1,000 miles and will be adding 7,100 MW of new capacity across Louisiana, Maine, Mississippi, New Mexico, Oklahoma. DOE released the final National Transmission Planning Study, which outlines long-term strategies to ensure grid reliability and resilience through 2050.

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Runergy launches solar module manufacturing facility in US

Runergy launches solar module manufacturing facility in US

October 7, 2024 | , ,

Runergy has begun production at its advanced solar module manufacturing facility in Huntsville, Alabama and thereby expanding into the North American market. The facility is set to deliver its first customer orders in October and deliver  cutting-edge solar solutions to its users. With an annual production capacity of 2 GW, the Huntsville facility is positioned to become a major hub for solar manufacturing in US.

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Skyborn forms offshore wind partnership in US

Skyborn forms offshore wind partnership in US

October 3, 2024 | , ,

Skyborn Renewables, part of the Global Infrastructure Partners (GIP) portfolio, has entered a significant US offshore wind partnership by acquiring a 50 per cent stake in the Revolution Wind and South Fork Wind projects from Eversource Energy. With Orsted holding the remaining 50 per cent in both ventures, Skyborn will co-manage these developments.

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