Boralex Inc.’s wholly owned subsidiary has completed a transaction with Delaware River Solar LLC to acquire Sky High solar farm, located in New York, USA. The 20 MW Sky High Solar Farm is located in the town of Tully, Onondaga. The project is ground-mounted and is being developed on three separate parcels of land across 145 acres.
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Avangrid Renewables announced the commissioning of its 154.8 MW Tatanka Ridge Wind Farm. The project consists of 56 wind turbines and is located in Deuel County, S.D., northeast of Brookings. Further, the wind farm is owned by Tatanka Ridge Wind, LLC, a joint venture between Avangrid Renewables and WEC Energy Group. The wind farm has penned a power purchase agreement with the Dairyland Power Cooperative for 51.6 MW of its capacity.
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A strategic partnership has been announced between United States-based hydrogen fuel cell provider Plug Power and the South Korean SK Group to promote hydrogen-based technologies in the Asian Market. Accordingly, SK Group will be investing $1.5 billion to acquire a 9.9 per cent pro forma ownership stake in Plug Power, thereby forming a joint venture company in South Korea. Plug SK Group’s US subsidiary will purchase around 51.4 million shares for $29.28 per share, and the transaction is expected to close in the first quarter of 2021.
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Development Alternatives Incorporated has invited expressions of interest (EoI) on behalf of the United States Agency for International Development (USAID) and the Vietnam Government to offer technical assistance to renewable energy developers in Vietnam. The support is being extended to offset risk costs and to encourage renewable energy developers to invest in new projects, thereby helping the country meet its energy needs. The last date to submit bids is January 16, 2021.
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According to forecasts, the US offshore wind industry is expected to deliver 25 GW by 2029. Of this, 9 GW has already been contracted or will be soon approved. The state renewable purchase standards contracting call for 34 GW by 2035. Meanwhile the Federal lease program currently supports approximately 20 GW to 30 GW of projects depending on turbine density.
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