Gwynt Glas Offshore Wind Farm has inked an agreement with Associated British Ports and the Port of Milford Haven to prepare the region for floating wind farms in the Celtic Sea. The projected Gwynt Glas floating offshore wind farm has the potential to generate 1 GW of green energy.
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The ongoing global energy crisis is a relatively short-term interruption affecting the global clean energy transition pace. Currently, several African nations are net exporters of oil and gas (O&G), largely to European markets. The current export volumes provide revenue streams for countries like Algeria and Nigeria, but in other countries like Tanzania and Uganda multinational O&G majors are promoting new development opportunities.
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Microsoft has partnered with Potentia and Greengate on the Paintearth Wind project in Canada under a power purchase agreement (PPA). Microsoft will purchase approximately 543 GWh of renewable energy per year from the wind facility in Alberta’s Paintearth County as part of the 15-year PPA. The project is scheduled to be completed in 2023.
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Sandbrook Capital, a private investment firm, has purchased a large position in Havfram, a Norwegian offshore wind services firm. In addition to purchasing a stake, Sandbrook Capital has committed a $250 million investment to assist Havfram’s future expansion.
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Aspen Power Partners, a US-based solar energy company, has sold a “significant” stake in itself to funds managed by global investment firm Carlyle for $350 million. Aspen plans to use the sale’s revenues to further its organic and acquisition-driven growth strategies in the community, multifamily, and commercial and industrial (C&I) solar and storage markets.
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Germany and Egypt have decided to step up their partnership by signing a declaration of intent for the production of green hydrogen ahead of the COP 27 climate summit. This should provide an opportunity for a structured discussion with companies and other relevant individuals to facilitate the exchange of advanced technologies, harmonise the regulatory structure, and make clear financing-related issues.
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A California microgrid project that will eventually hold one of the largest flow batteries in North America is currently under construction. The Viejas Band of Kumeyaay Indians in Alpine, California, will receive long-term energy storage through this project, which is supported by a $31 million grant from the California Energy Commission.
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Elio Energy and EE North America have teamed up to develop a 2 GW solar power pipeline and energy storage assets in Arizona and its surrounding states in the US. The projects’ construction work is anticipated to begin gradually between 2023 and 2025.
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Mainstream Renewable Power and Ocean Winds have signed a seabed lease agreement with Crown Estate Scotland to construct a floating offshore wind farm. Crown Estate Scotland chose the two companies as the preferred bidders for developing the 1.8 GW project offshore from the Shetland Islands earlier this year.
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The US and the United Arab Emirates (UAE) have committed to invest $100 billion in renewable energy projects, with the goal of producing 100 GW of clean energy globally by 2035. On November 1, 2022, the US-UAE Partnership for Accelerating Clean Energy (PACE) was formally adopted in Abu Dhabi.
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Equinor, a Norwegian energy company, has agreed to buy BeGreen, a Bregentved Group solar project developer, for an undisclosed fee. BeGreen has more than 6 GW of capacity in Denmark, Sweden, and Poland, which is in the early to medium stages of development.
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BlueFloat Energy, Energy Estate, and Elemental Group have announced plans to build a 900 MW wind project offshore from South Taranaki, New Zealand. The offshore facility, which is 22 km from the coast, is the first of four projects slated for the Aotearoa region that could contribute up to 5 GW of renewable energy capacity.
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Acwa Power, a Saudi energy company, has been awarded a contract to construct two floating solar photovoltaic (PV) power projects from Indonesia’s state-owned utility PT Perusahaan Listrik Negara (PLN). The agreement covers the 50 MWac floating solar project Singkarak in addition to the 60 MWac Saguling project.
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Google has signed a 942 MW power purchase agreement (PPA) with SB Energy Global to power its Midlothian, Texas, data centre as well as the Dallas Cloud area. The tech giant will purchase nearly 75 per cent of the electricity generated by four of SB Energy’s solar power plants that are currently under construction.
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WEC Energy Group, a US-based energy company, has agreed to pay about $360 million for an 80 per cent stake in the Maple Flats Solar Energy Centre. Located in Clay County, Illinois, the 250 MW energy centre is being developed by renewable energy company Invenergy.
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Atlantic Shores Offshore Wind Project 1, LLC (Atlantic Shores Project 1), a wholly owned subsidiary of Atlantic Shores Offshore Wind, LLC (Atlantic Shores), a 50 – 50 partnership between Shell New Energies US LLC and EDF-RE Offshore Development, LLC, announced that it has chosen Ramboll to design and structural engineer the turbine foundations on its 1.5 GW offshore wind project.
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SolarEnergyWorks (SEW), a Netherlands-based solar company, has been acquired by international solar energy producer AMPYR Solar Europe (ASE) for an undisclosed sum. The agreement also includes 15 SEW professionals and a pipeline of ready-to-build assets totaling 100 MWp and 650 MWp that are currently in the development stage.
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The UK Government has authorised an agreement between Octopus Energy and Bulb in which Octopus will purchase 1.5 million of Bulb’s customers. After an extensive and competitive sale procedure, Bulb’s administrators completed the transaction.
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GridStor, a company that develops and manages grid-scale battery energy storage systems, has purchased a portfolio of storage projects from Upstream Energy of San Diego that are currently being built in the greater Los Angeles area. The portfolio comprises numerous projects with anticipated online dates between 2024 and 2026, totaling more than 500 MW/2,000 MWh of capacity, or enough energy to power 375,000 California homes.
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Engie, a French energy utility company, has acquired 6 GW of solar and battery storage capacity from Belltown Power in the US. The portfolio consists 33 solar, storage, and standalone battery storage installations spread over the ERCOT, PJM, MISO, and WECC1 regions.
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