Day: August 9, 2024

Energy storage operator BW ESS and developer Penso Power have secured a seven-year tolling agreement with Shell for their Bramley Battery Energy Storage System (BESS) in Hampshire, UK. This marks the UK’s first long-term tolling agreement for a single BESS asset, potentially setting a new revenue model for future energy storage projects across Europe. Under the agreement, Shell will manage the trading of the 100MW/330MWh Bramley BESS in various ancillary services and wholesale markets, providing…

Danish energy company Ørsted has teamed up with Mission Clean Energy to develop four standalone battery energy storage systems with a total capacity of 1 GW across the US Midwest. This collaboration represents Ørsted’s first venture into standalone battery storage in the US and globally, further diversifying its renewable energy portfolio. Ørsted will invest in securing priority positions in the interconnection queue for these storage projects, while Mission Clean Energy will lead the development efforts….

Pivot Energy has signed a five-year agreement with Microsoft to develop up to 500 MW of community-scale solar energy projects across the U.S. between 2025 and 2029. This partnership, Pivot’s largest renewable energy credit (REC) agreement, marks Microsoft’s first significant venture into distributed generation portfolios as part of its goal to reduce Scope 3 emissions by more than half by 2030. The agreement will lead to the development of around 150 solar projects in 100…

The U.S. Department of Energy’s (DOE) Loan Programs Office (LPO) has granted conditional support for a loan of up to $1.45 billion to Qcells, aiding the construction of a first-of-its-kind solar supply chain manufacturing facility in Cartersville, Georgia. Once finalized, the loan will support Qcells, the largest silicon-based solar panel manufacturer in the West, in producing critical solar technologies at a multi-gigawatt scale, including ingots, wafers, cells, and finished panels. Qcells aims to complete the…

Taiwan’s Ministry of Economic Affairs (MOEA) has allocated 2.7GW of capacity to five wind farm projects in its latest round 3.2 offshore auction. The awarded projects include Shinfox’s 700 MW Youde, Synera Renewable Energy Group’s (SRE) 800 MW Formosa 6, Copenhagen Infrastructure Partners’ 600 MW Fengmiao 2, Corio and TotalEnergies’ 360 MW Formosa 3 joint-venture, and Enervest’s 240 MW Deshuai. Notably, Ørsted’s 570 MW Greater Changhua 3 proposal was not selected despite ranking third in…

Spanish renewables developer ACCIONA Energía has been awarded a 12-year contract for difference (CfD) for its Promina solar power project in Croatia. The 189 MWp photovoltaic plant, currently under development, will be the largest solar facility in the country upon its completion in 2027. Located in Sibenik-Knin province, the Promina solar plant will feature 300,000 photovoltaic (PV) modules generating 320 GWh of clean electricity annually. This output will meet the energy needs of 69,000 homes…

New Zealand is at “significant risk” of missing its 2030 and 2035 domestic emissions reduction targets, according to the Climate Commission. The country is shifting its focus from environmental policies to supporting heavily emitting sectors to boost its economy. The Climate Change Commission’s recent report indicates that while New Zealand is on track to meet its first 2022–25 emissions budget, future emissions budgets and reduction targets are in jeopardy. This shift follows the election of…

Mitsubishi Power, a subsidiary of Mitsubishi Heavy Industries, has secured a contract to supply gas and steam turbines for a new 500 MW gas turbine combined cycle (GTCC) power plant in Sarawak, Malaysia. The contract includes the M701F gas turbine and accompanying steam turbine and was signed with Sinohydro Corporation, the project’s engineering, procurement, construction, and commissioning contractor. Mitsubishi Power will also provide auxiliary equipment and technical advisors for the installation and commissioning process. The…