Altus Power has announced that it has entered into a definitive deal to acquire approximately 220 MW of newly developed and under construction solar assets from funds managed by True Green Capital Management for approximately $293 million.
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ACWA Power, a Saudi developer, has signed PPAs and investment agreements with the government of the Republic of Uzbekistan to build the 1500 MW Kungrad wind farm in Karakalpakstan, Uzbekistan. The wind farm, which was previously known as the Karakalpakstan Wind IPP, is anticipated to include three 500 MW wind power projects owned by three subsidiaries.
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RWE Renewables, a subsidiary of the German energy company RWE AG, has started work on its first green hydrogen project in Chile, with plans to add approximately 835 MW of electrolysis capacity. The project, known as Vientos Magallanicos or the Winds of Magallanes, will also include 1 GW of wind farms to supply electricity for the electrolysis process.
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Enefit Green intends to invest €450 million over the following two years in the construction of wind farms in Estonia and Lithuania. The company proposes to construct the 80 MW Kelme wind farm in Lithuania and the 255 MW Sopi-Tootsi wind farm in Estonia.
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Cumulative green bond issuance in Japan is USD37.3bn (JPY4.39 tn), 11th in global country rankings. Green bond issuance in 2021 amounted to USD11.40bn, 5th in 2021 country rankings. In addition to green bonds, Japan’s social and sustainability themed market is showing general trends in growth, with expectations for further increase in the issuance of sustainability-linked bonds especially high.
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Arctech has signed an agreement to supply 2.8 GW of SkyLine II single-axis solar trackers for a 15 GW solar project in Khavda, Gujarat. The project is scheduled to be completed in the third quarter of 2023. SkyLine II is a flagship product with a peculiar edge in the Indian market. The first 1P tracker is designed with a pentagonal torque tube and synchronous multi-point drive mechanism.
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Helen Energy has announced the acquisition of a 206 MWp solar photovoltaic (PV) plant in Finland from ib vogt. The solar farm is situated in Kalanti, Uusikaupunki district, and is currently in the ready to be built stage.
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Bruc has purchased six solar photovoltaic projects in Spain from Opdenergy. The solar portfolio has a total capacity of 384 MW and is spread across four Spanish provinces, including Cadiz, Zaragoza, Teruel, and Palencia. The six solar PV assets are part of the 1.1GW portfolio, which are part of an agreement reached by the two companies last year, where Bruc agreed to purchase these projects.
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After two centuries of growth, 2022 was the turning point for the fossil fuel system as we forecast in our analysis in March and reiterated at the end of the year. Putin’s War led to spiking fossil fuel prices and major new policy moves as the result of the security crisis. This led to a surge in supply of renewable energy, a major increase in efficiency, and a new focus on building renewable supply chains. Fossil fuel demand has therefore peaked, squeezed between efficiency and the growth of renewables. Here we look back at how the energy system changed over the past year.
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Enfinity Global Inc., a pioneer in renewable energy, has closed €142 million in long-term and VAT financing, as well as LCs facilities, for the development of 112 MW in three utility-scale solar power projects in Italy.
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Cepsa will generate green hydrogen at its San Roque Energy Park (Cádiz) by reusing recycled water from a wastewater treatment plant (WWTP). In order to achieve this, the company has a contract in place with the publicly traded company Aguas y Servicios del Campo de Gibraltar (Arcgisa) for the supply of recycled water from the urban effluents of the municipalities of San Roque and Los Barrios at its industrial facilities.
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The US Department of Energy and several other agencies in the federal government offer a wide range of technical assistance programs and opportunities, many of which states can take advantage of. While these programs can be tremendously helpful, information about them is spread across many pages on many different US government and national laboratory websites. This makes it difficult for states to find critical information regarding eligibility, funding, and deadlines.
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Palisade Investment Partners and Aware Super Pty Ltd., as trustees of Aware Super, have agreed to acquire a 49 per cent stake in the 528 MW Stockyard Hill Wind Farm from Goldwind in Australia. The wind farm, which has 149 Goldwind turbines, was completed in September 2022.
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EQT, a global investment company, has announced that its EQT Infrastructure VI fund (EQT Infrastructure) has agreed to purchase Madison Energy Investments (MEI) from Stonepeak Partners affiliates. No financial details have been disclosed.
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High fossil fuel prices have resulted in windfall profits for some energy companies. In fact, the profits of major oil, gas, coal and refinery companies in the first half of 2022 more than doubled from the same period last year, and discussion on windfall profits in the European Union has extended to electricity generators (including renewables-based ones) that can produce electricity at lower marginal costs than natural gas-fuelled power plants.
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The Oregon Solar+Storage Rebate Program was established by the Oregon Legislature in summer 2019 and launched by the Oregon Department of Energy in January 2020. The program provides homeowners with rebates up to $5,000 for solar, and an additional $2,500 for paired energy storage systems when installed together. Low-income service providers—such as nonprofits, municipalities, or other organizations serving low-income Oregonians —are eligible for rebates up to $30,000 for solar, plus $15,000 for paired storage.
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Vattenfall, a Swedish energy company, and Metsähallitus, a Finnish state enterprise, have formed a joint venture to build a 1.3 GW offshore wind farm in Finland. The land and water areas of the Finnish state are managed by Metsähallitus. The offshore wind farm, which will be situated in Korsnäs off the west coast of Finland, will have the ability to produce 5 TWh of clean energy annually.
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Hydro, Eviny, and Zephyr, all based in Norway, have joined forces to develop an onshore wind project between the cities of Høyanger and Sunnfjord. The proposed facility will require between $302 million and $403 million to build, and it will produce 1 TWh of power in total annually.
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Fotowatio Renewable Ventures Australia has reached financial close on the 300 MWac Walla Walla solar project in New South Wales (NSW). FRV Australia has financing from ING, Clean Energy Finance Corporation, and Export Development Canada.
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Octopus Energy Group, based in the UK, has signed a power purchase agreement (PPA) with Shell Energy Europe to purchase 2.4 TWh of wind energy per year from the Dogger Bank offshore wind farm. In accordance with the agreed-upon agreements, Octopus Energy will receive enough renewable energy from the 3.6 GW Dogger Bank project to power 800,000 of its client houses. Shell Energy Europe has a deal in place to offtake 20 per cent of the energy generated by Dogger Bank.
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