SUSI Partners, a Swiss infrastructure fund manager, has announced the acquisition of a 100 MW battery storage project portfolio in South Texas, US, in collaboration with SMT Energy. The deal was done through SUSI Partners’ flagship Energy Transition Fund (SETF). The portfolio comprises ready-to-build 10 MW battery storage projects and is anticipated to start operating in the first half of 2023.
Read More
Leeward Renewable Energy (LRE), a portfolio company of Omers Infrastructure, has started construction on the Big Plain Solar project in Ohio, US. The 196 MW solar plant is being developed near London and is slated to go live in June 2023. First Solar’s ultra-low carbon thin-film photovoltaic solar modules will be used in the project.
Read More
The US Department of Energy (DOE) has announced $26 million in funding for initiatives that will demonstrate how a combination of solar, wind, energy storage, and other clean energy sources can reliably run the government’s electricity grid. The program is funded by President Biden’s Bipartisan Infrastructure Law and is known as the Solar and Wind Grid Services and Reliability Demonstration Program.
Read More
Many automakers have agreed that they can no longer step on the gas in building internal combustion engine (ICE) vehicles. For example, GM, Ford, and Stellantis have urged the federal government to lift the cap in the federal tax credit for EVs, which would help lower EV prices and benefit manufacturers and consumers alike. Several tax credit design changes can “enhance the effectiveness of the federal dollars” to advance automaker interests in producing more electric vehicles.
Read More
Sequitur Renewables, a subsidiary of ArcLight Capital Partners (ArcLight), has agreed to purchase a portfolio of operational wind farms in West Virginia and Pennsylvania. With affiliates of GlidePath Power Solutions, the company reached an agreement to purchase the portfolio. The portfolio sells power and renewable energy credits into the merchant PJM market and comprises five wind farms with a combined capacity of 185 MW.
Read More
The US Department of Energy (DOE) has announced a $96 million loan to increase the accessibility of electric vehicle (EV) charging stations and maximise EV efficiency and affordability in order to aid in the decarbonization of the domestic transportation sector. The agricultural, construction, railroad, maritime, and aviation sectors are the main targets of the decarbonisation drive. These industries produce the most carbon emissions in the US.
Read More
Amazon recently announced investments in green hydrogen companies through its $2 billion Climate Pledge Fund as part of its attempts to decarbonise its global operations. The most recent investments have been made in Europe’s Sunfire and the US’s Electric Hydrogen, two companies that make electrolysers for producing green hydrogen. Reportedly, Amazon’s $2 billion Climate Pledge Fund aims to invest in forward-thinking companies across a range of sectors.
Read More
In order to further boost the burgeoning renewable energy sector, the US plans to explore the potential for offshore wind power production in the oil-rich Gulf of Mexico (GOM). The move is a part of a recent announcement by President Joe Biden of a series of steps to combat climate change.
Read More
The US Department of the Interior (DOI) has approved the development of the Ten West Link Transmission Line between Tonopah, Arizona and Blythe, California. The planned energy infrastructure project, which will include the construction of a 125-mile-long 500- kilovolt transmission line, will assist the two states develop future solar energy projects and storage resources.
Read More
Equinor, a Norwegian energy company, has agreed to purchase a 100 per cent stake in East Point Energy, a developer of battery storage in the US. East Point Energy, based in Charlottesville, Virginia, is developing 4.1 GW of battery storage facilities throughout the US East Coast. Beyond its current pipeline, the privately owned company has found additional growth potential.
Read More
Onward Energy, a US-based energy company, and Global Atlantic Financial Group have signed a legally binding contract for Onward Energy to acquire all the cash equity interests in the 1.17 GW operational solar portfolio. A total of 11 solar projects, located across eight different US states, make up the solar portfolio. No financial details have been disclosed.
Read More
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.
Read More
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.
Read More
The New York State Energy Research and Development Agency (NYSERDA) in the US has awarded three utility-scale solar photovoltaic projects to CS Energy, an Australian energy company. The three projects have a combined capacity of 270 MWac or 365 MWdc and were selected by NYSERDA as part of its fifth annual Renewable Energy Standard request for proposals.
Read More
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.
Read More
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.
Read More
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.
Read More
BluEarth Renewables US, a renewable energy company, has purchased a 1 GW wind and solar development project in Colorado from NorthRenew Energy for an undisclosed sum. The Eads Wind and Solar Project is located in Kiowa and Cheyenne Counties and is expected to be completed in multiple phases.
Read More
TotalEnergies has agreed to buy 50 per cent of Clearway Energy Group, the fifth-largest renewable energy company in the US. Once completed, this will be TotalEnergies’ largest renewable energy acquisition in the US reportedly. The company stated that it would collaborate with Global Infrastructure Partners (GIP) in this deal.
Read More
With a $276 million investment, Spanish utility Naturgy has begun construction of a 300 MWdc solar photovoltaic (PV) facility in Texas. The 7V Solar Ranch plant is being developed on more than 800 hectares of land in Fayette County and is expected to be operational by 2023. The project marks the beginning of the development of the solar and energy storage portfolio that Naturgy bought from Hamel Renewables in 2021.
Read More