Day: August 12, 2024

UK Export Finance (UKEF) and Polish export credit agency KUKE have teamed up to provide a €249 million loan guarantee for Turkish renewable energy firm Kalyon Enerji. The guarantee, arranged by Standard Chartered Bank, will finance the construction of a 390 MW solar project across Turkey’s provinces of Bor-Nigde, Gaziantep, and Sanliurfa-Viransehir, set to become the country’s second-largest solar initiative. Once completed, the solar farms will supply clean energy to over 65,000 Turkish households annually….

Graphic Packaging International has signed a virtual Power Purchase Agreement (vPPA) with renewable energy company Zelestra to source clean energy from two solar projects in Spain, José Cabrera and Socovos II, totalling 83 MW. This agreement supports Graphic Packaging’s commitment to reducing its greenhouse gas emissions, aiming to cut Scope 1 and 2 GHG emissions by 50.4% by 2032. Under the agreement, Graphic Packaging will receive guarantees of origin for approximately 86% of the solar…

SEG Solar has launched a new PV module manufacturing facility in Houston, Texas, with an initial capacity of 2 GW of n-type panels per year. The fully automated production line, touted as the longest in the world, is set to expand to 5 GW by 2030. The company has invested $60 million in the Houston facility, which aims to bring more of the solar supply chain to the United States. The production line is highly…

On 9 August, CS Energy announced that its 100MW/200MWh Chinchilla Battery is fully operational and ready to support Queensland’s power grid. The battery underwent extensive testing to ensure safety and reliability under various operating conditions. Developed in collaboration with Tesla and construction contractor Downer, the Chinchilla Battery is the first project to become operational from CS Energy’s Kogan Creek Clean Energy Hub. Tesla supplied 80 Megapack 2 systems for the project, while Downer invested over…

US-based LS Power has agreed to acquire the renewable energy business of Algonquin Power & Utilities, which includes wind and solar assets across the US and Canada. The portfolio comprises 44 operating assets with more than 3GW of generating capacity, along with an 8GW pipeline of wind, solar, battery energy storage, and renewable natural gas projects in various stages of development. Most of the assets, around 2.7GW, are located in the US, with the remaining…

SSE Renewables has finished a critical phase in the Coire Glas pumped storage project in the Scottish Highlands, completing a 1.2km exploratory tunnel. This marks a major step forward in the UK’s first significant pumped storage scheme since 1984, located at Loch Lochy, designed to provide 30 GWh of electricity storage—enough to power three million homes for 24 hours. The tunnel, built by STRABAG UK, will provide essential geological data for the project’s final design….

Cero Generation has secured financing for a 244.7 MW solar project portfolio in Spain’s Palencia region. The projects will begin construction soon, supported by a consortium of lenders including Banco Sabadell, Rabobank, and ING. A ten-year power purchase agreement (PPA) with an undisclosed international tech company underpins the project. Engineering and construction will be handled by Elmya and Metlen, with LONGi supplying the solar modules. The projects will generate 480 GWh annually, powering 150,000 homes…

EmberClear Management has submitted loan applications to the Texas Energy Fund for two major power projects, each with a capacity of 900 MW. The EmberYork Energy Center in Austin County and the EmberGreen Energy Center in Wharton County will collectively deliver 1.8 GW of natural gas-fired electricity to the Houston area. These plants are strategically located near large interstate natural gas pipelines and significant storage facilities, ensuring a reliable gas supply. Both facilities are connected…

Amazon has powered its operations, including data centres, with 100% renewable energy, reaching this milestone seven years ahead of its original 2030 target. The company invested billions of dollars in over 500 solar and wind projects, generating enough energy to power approximately 7.6 million US homes. This achievement is part of Amazon’s commitment to net-zero carbon by 2040. However, the company acknowledges that the rising energy demands from generative AI will require adapting its energy…