Innergex Renewable Energy has signed a deal with Irradiant Partners to divest minority interests in its 826 MW renewable energy portfolio in Texas. Innergex plans to sell 49.9 per cent of its stakes in the Phoebe and Griffin Trail facilities, along with 22.2 per cent of its interest in the Foard City facility, to Irradiant.
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Recurrent Energy has secured $513 million project financing for the 1,200 MWh Papago Storage project situated in Maricopa County, Arizona. Construction of the project is expected to begin in the third quarter of 2024 and commercial operations are anticipated to commence in the second quarter of 2025.
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Solarpack has officially connected the La Unión photovoltaic plant to the grid. This adds 144 MW of capacity in Montería, Colombia. The La Unión plant will produce electricity equivalent to the annual consumption of over 132,000 households. Additionally, the project will prevent more than 123,000 tonnes of carbon emissions. The project required an investment of $100 million. It now supplies clean energy to the Colombian electric grid.
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Pattern Energy has inked a 30-year Power Purchase Agreement (PPA) with Hydro-Québec for its 150 MW Broughton Wind project. The project is located in the municipalities of Saint-Pierre-de-Broughton, Sacré-Coeur-de-Jésus and Thetford Mines in Québec. The project will provide enough renewable electricity to power more than 25,000 homes in Québec annually and represents an investment of around $363.69 million.
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Actis has established Orygen. Orygen is an energy platform which will operate as an independent power producer in Peru. The establishment of Orygen follows Actis’ acquisition of a 92.35 per cent stake in Enel Generación Perú S.A.A. and 100 per cent ownership in Compania Energetica Veracruz last month. Furthermore, Orygen will begin operations with a 2.2 GW diversified energy generation installed capacity.
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McDermott has secured an Early Contractor Involvement (ECI) agreement from Abraxas Power Corporation for the Exploits Valley Renewable Energy Corporation project situated in Central Newfoundland, Canada. Furthermore, the commercial green hydrogen and ammonia facility will comprise the development of a wind farm with up to 530 turbines capable of generating 3.5 GW of electricity, along with a 150 MW solar photovoltaic installation.
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Plus Power has secured $133 million financing for the 150 MW / 300 MWh Cranberry Point facility in Carver, Massachusetts. It is a utility-scale standalone battery storage system in construction on the New England grid. The financing includes a construction-to-term loan, bridge loan, and letter of credit facility.
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Ørsted has completed the Helena Energy Center situated in Bee County, South Texas. It is a combined wind and solar project with a total capacity of 518 MW. The wind and solar centre is now fully operational and will produce enough renewable energy to power over 110,000 homes and businesses annually in Texas.
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Leeward Renewable Energy (LRE) has inked a 15-year Long-Term Resource Adequacy Agreement with Pacific Gas & Electric Company for LRE’s 112.5 MW Sierra Pinta Energy Storage project in Yuma County, Arizona. Sierra Pinta is next to LRE’s 179 MW White Wing Ranch Solar project, which is currently under construction. Sierra Pinta Energy Storage project aims to bolster renewable energy deployment and has a storage capacity of 450 MWh.
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Avangrid has entered into a Power Purchase Agreement (PPA) with CPS Energy. Under the agreement, CPS Energy secures a 161 MW portion of Avangrid’s Peñascal I wind farm in Kenedy County, Texas. The agreement represents an extension and expansion of a previous 15-year agreement between the two companies for energy from Peñascal I.
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Recurrent Energy has concluded the sale of its 49.9 MWp Middle Road solar project in UK to Centrica Business Solutions. The project is situated in Harbury, Warwickshire and is a subsidy-free project. The project is fully permitted and ready for construction, which is planned to commence in 2024. Commercial operations of the project are anticipated to begin in 2025. The project will generate enough green energy to power approximately 14,500 homes.
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EDP Renewables North America (EDPR NA) has launched the 175 MW Crooked Lake Solar Park near Blytheville in Mississippi County, Arkansas. This project will produce sufficient energy to power around 30,000 homes in Arkansas annually. The project, situated on land leased from local landowners, will bolster Arkansas’ electric grid.
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RWE has acquired 599 MW of solar and energy storage projects from Galehead Development. The recently completed acquisitions has two projects in the development-stage located within PacifiCorp’s operating territory in the Pacific Northwest and a mid-stage development asset in northeastern New York
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Neoen has disclosed that its fully-owned subsidiary, Shift Solar Inc, secured a 380 MW / 4-hour capacity contract through a competitive tender organised by the Independent Electricity System Operator (IESO), Ontario’s electric grid operator. Grey Owl Storage will supply the IESO during 20 years from commissioning with additional capacity that will contribute to meet the province’s growing demands.
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Energy Vault and ACEN Australia have finalised key contractual arrangements for two battery energy storage system (BESS) projects totaling 400 MWh in Australia. Construction for both projects is slated to commence in the latter half of 2024, with commercial operations expected to commence in 2025 and 2026.
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BrightNight and its joint venture partner Cordelio Power have finalised a $414 million construction credit facility for their utility-scale solar power project, Box Canyon, located in Pinal County, Arizona. The project is owned by BOCA bn, LLC, a joint venture between BrightNight and Cordelio, and is set to generate 300 MW of power with operations expected to commence in 2025.
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Boralex has revealed the selection of the Oxford Battery Energy Storage project. The project is a 125 MW, four-hour duration battery storage project situated in the Township of South-West Oxford, Ontario. This project was chosen by Ontario’s Independent Electricity Systems Operator (IESO) further to its Long-Term Request for Proposals (LT1 RFP).
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Hannon Armstrong Sustainable Infrastructure Capital (HASI) and KKR have agreed to establish CarbonCount Holdings 1 LLC (CCH1), a new venture aimed at investing up to $2 billion in “climate positive” sustainable infrastructure projects over the next 18 months across US. According to the deal signed on May 4, 2024, both HASI and KKR have committed up to $1 billion each to CCH1 for investment in clean energy assets.
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Two hydrogen projects owned by CI Energy Transition Fund I, managed by Copenhagen Infrastructure Partners have secured grants from the European Commission in its first European Hydrogen Bank auction. Catalina was awarded €230 million while Madoqua was awarded €245 million. Together, they represent a combined electrolyser capacity of 1,000 MW.
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Growth Opportunity Partners (Growth Opps), a community financial institution, and the International Brotherhood of Electrical Workers (IBEW) union have formed a partnership. This collaboration aims to implement the Solar for All program funded by the U.S
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