Origis Energy, a US renewables platform, has begun working on a 200 MW solar farm at the site of a previous coal-powered plant near Grants, New Mexico. Tri-State Generation and Transmission Association, a cooperative engaged in the supply of wholesale electricity, is the beneficiary of the Escalante Solar Project. It will make enough electricity to run around 40,000 households using nearly about 500,000 modules.
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Copenhagen Infrastructure Partners (CIP), a Danish investment company, has confirmed plans to set up a large-scale green hydrogen plant in Mexico’s south-eastern Oaxaca region. This announcement was made just two days after President Andrés Manuel López Obrador revealed the initiative in a letter to US President, Joe Biden.
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Rondo Energy, a zero-carbon industrial power and heat provider, has secured $60 million in a new funding to accelerate the introduction of Rondo heat batteries to transform the market for energy storage globally. In order to set up storage projects globally, the company received funding from Energy Impact Partners, Breakthrough Energy Ventures, SCG, and TITAN.
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IRG Acquisition Holdings (IRGAH), a partnership between CDPQ, American power generation company Invenergy, and funds managed by Blackstone Infrastructure Partners has announced that it has acquired American Electric Power’s (AEP) unregulated renewables portfolio for $1.5 billion. This comprehensive deal encompasses 14 wind and solar projects, totaling a capacity of 1200 MW and 165 MW, respectively.
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Walmart has announced the opening of a green hydrogen plant in Santiago, Chile, at its Quilicura Distribution Centre. The project has been developed in collaboration with power generation company, Engie. The project considered an investment of around $15 million. The distribution centre will be allowed to use hydrogen energy cells in place of lead-acid batteries of 200 forklift cranes in its first phase.
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SUSI Partners, a Swiss-based investment management firm, along with its joint venture partner SMT Energy, has signed a tax equity financing agreement for a 100 MW battery storage portfolio in Texas, US. SUSI secured the funding from Greenprint Capital on behalf of the SUSI Energy Transition Fund. The portfolio comprises ten utility-scale standalone battery energy storage projects.
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Swift Current Energy, a utility-based renewable developer in the US, has raised $779 million for its 800 MW DC (593 MW AC) solar project namely Double Black Diamond. The project is located 30 miles west of Springfield, Illinois. Mitsubishi UFJ Financial Group, Société Générale, and Truist provided the finance. An $84 million letter of credit facility and $695 million in construction and tax equity bridging loans are included in the package.
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The 531 MW Mendubim solar project in Rio Grande do Norte, Brazil, is currently being developed by the Norwegian renewable energy company Scatec and its partners. Equinor and Hydro Rein are partners in the project’s development. The three firms will jointly provide engineering, procurement, and construction services while also each holding a 33.3 per cent economic interest in the solar power project.
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On current or former mine lands across the country, the US Department of Energy (DoE) will construct clean energy projects as part of a $500 million programme. The initiative will support a number of technologies, including solar PV, microgrids, and/or energy storage, and at least two funded projects must use solar energy. In order to provide the projects, the DoE is investigating options for domestic solar manufacturers.
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Vestas, Danish wind turbine manufacturer, has announced the sale of its 183 MW Delta wind project in Mississippi, US, to the AES Corporation. No financial details have been disclosed. Vestas’ North American development arm, Steelhead Americas, is working on the Delta project. Reportedly , it would be the first wind project in Mississippi and would be situated at a higher altitude to access stronger wind speeds.
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In order to purchase power and project-specific renewable energy certificates (RECs), Constellation and Bank of America have announced a 15-year, 160 MW clean energy agreement. This collaboration would allow Bank of America to power about 17 per cent of its global electricity usage with renewable energy from a portion of the Mammoth Central project.
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Ameren Missouri, a US-based energy company, has agreed to purchase the 200 MW Huck Finn solar project in Central Missouri with EDF Renewables under a build-transfer agreement. No financial details have been disclosed. Huck Finn, which is planned to be built on the border of Missouri’s Audrain and Ralls counties, will have the capacity to power almost 40,000 homes in the area.
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Petronas’ subsidiary Amplus Solar has signed a long-term agreement with Microsoft for a 100 MW solar project that is under development in Rajasthan, India. The strategic alliance aims at co-innovating digital solutions supporting Petronas’ decarbonisation goals.
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Corio Generation, an offshore wind developer, has announced plans to develop five offshore wind farms in Brazil with a total capacity of more than 5 GW. The five fixed-bottom offshore wind projects were constructed in partnership with Servtec Energia, a Brazilian power generation company. Corio plans to build the Guarita and Cassino offshore wind farms, both of which will have more than 1.2 GW of capacity, off the coast of Brazil.
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Equinor and BP have collaborated to launch an offshore wind innovation hub in New York, with the aim of facilitating partnerships with start-ups. The programme is the product of a three-year collaboration between the NY Tandon School of Engineering’s Urban Future Lab (UFL), Equinor, and the National Offshore Wind R&D Consortium, which is sponsored by the New York City Economic Development Corporation.
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Agilitas Energy, a US-based energy asset developer, has raised $350 million in equity capital to construct a national renewable energy and storage platform. CarVal Investors, a global alternative investment company, managed the two-tiered investment. The funds will be used by Agilitas Energy to accelerate the development, construction, and operation of distributed and utility-scale solar photovoltaic (PV) and energy storage projects in the US.
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The Government of the United States of America (USA) has waived solar panels tariffs for four Southeast Asian (SEA) countries, including Cambodia, Malaysia, Thailand and Vietnam, for a period of two years. These countries account for about 80 per cent of total panel imports into the USA.
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rPlus Hydro, a subsidiary of the US-based renewable energy firm rPlus Energies, has submitted a draft licence application for the Seminoe Pumped Storage project in Wyoming. The application was submitted to state and federal agencies as part of the proposed pumped hydro energy storage project’s multi-year study and approval process, which will have a capacity of up to 900 MW.
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The US Department of Energy (DoE) has announced the Interconnection Innovation e-Xchange (i2X) initiative to link additional green energy to the country’s grid. The programme will reduce the time needed in interconnection queues for clean energy sources while also lowering grid connection rates. Through better data, roadmap development, and technical assistance, programme participants will work to develop solutions for faster, simpler, and more equitable interconnection of clean energy resources.
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Southwestern Electric Power (SWEPCO), a subsidiary of American Electric Power (AEP), is seeking approval from Arkansas, Louisiana, and Texas utility regulators to acquire three renewable energy projects. Mooringsport, a 200 MW solar farm in Caddo Parish, Louisiana, and Diversion, a 200.6 MW wind farm in Baylor County, Texas, are two of the companies’ targets. SWEPCO is also looking to purchase Wagon Wheel, a 598.4 MW wind farm in Oklahoma’s Garfield, Kingfisher, Logan, Payne, and Noble counties.
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