Similar Posts
WSP to acquire Power Engineers in $1.78 billion deal
Global professional services firm WSP has announced its acquisition of Power Engineers, a prominent US-based consultancy in the power and energy sector, for $1.78 billion. This strategic move aligns with WSP’s vision to expand its services and enhance its position in the energy transition market. Power Engineers, which employs 4,000 people, including 900 shareholders, has been a key player in serving North American power utilities. The acquisition has been unanimously approved by the boards of…
New Zealand increases fossil fuel generation as hydropower hits decade-low
New Zealand has ramped up its fossil fuel generation to meet electricity demand, as hydropower generation drops to its lowest level in nearly a decade. According to energy think tank Ember, electricity generated from fossil fuels between January and July reached 4.36 TWh, marking a 67% increase from the same period in 2023. This 1.75 TWh increase in fossil fuel generation closely mirrors the 1.86 TWh decline in hydropower output over the same period. Hydropower…
Gensol Engineering establishes three wholly-owned subsidiaries
Gensol Engineering Limited has incorporated three new subsidiaries: Innogrid Energy Private Limited, Hari Shakti Energy, and Shakti Sangini Energy Private Limited. Gensol has subscribed to 10,000 equity shares in each subsidiary, representing 100 percent of their total share capital, with an investment of Rs 100,000 per company. These subsidiaries are now wholly-owned by Gensol Engineering.
Acciona links first MacIntyre wind farm turbines to Australian grid
Spanish renewable energy company Acciona Energía has connected the first 27 turbines of the MacIntyre wind farm in Queensland, Australia, to the national grid, contributing 154MW of power. The farm, set for full completion by October 2025, will feature 162 Delta4000 turbines with a total capacity of 923 MW. The energy will be distributed via power purchase agreements with Queensland’s Stanwell and CleanCo. Ark Energy, holding a 30% stake, will use its share to decarbonize…
Cadiz and RIC Energy to develop green hydrogen facility in California
Cadiz has partnered with RIC Energy to build a green hydrogen facility at Cadiz Ranch in California’s Mojave Desert, where Cadiz will supply land and water resources to support RIC Energy’s solar-powered hydrogen production. The facility aims to generate 100% green hydrogen, targeting distribution across Southern California for zero-emission vehicles and power generation. The project plans to operate entirely off-grid, with photovoltaic (PV) solar installations covering up to 3,000 acres of Cadiz Ranch land. At…
Encavis, Commerzbank secure financing for Germany’s second-largest solar facility
Encavis Asset Management AG (Encavis AM) and Commerzbank AG have finalized the project financing for the Bartow solar project, which is set to become Germany’s second-largest solar facility with a capacity of 260 MW. Located in Bartow, Mecklenburg-Western Pomerania, this project is part of the Encavis Infrastructure Fund IV (EIF IV) portfolio, available for subscription through BayernLB and targeting savings and cooperative banks. The project’s construction began in March 2024, with completion expected in the…