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Greg Skinner acquires 50% stake in Ethical Power Group

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Greg Skinner, a private investor, has acquired a 50% share of Ethical Power Group from Hive Energy.  As part of the deal, Skinner will provide an additional £15 million working capital loan to support the company’s continued growth.  Skinner will also join the Ethical Power Group board. Ethical Power, founded in 2010, is a global renewable energy company that operates across Europe and New Zealand.  The company employs over 300 people across five countries.  Ethical…

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Arctech to supply 1.5GW solar trackers for Al Ajban PV project

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Arctech, a solar equipment manufacturer, has secured a deal to supply 1.5GW of its SkyLine II single-axis solar tracking system to PowerChina for the Al Ajban solar photovoltaic (PV) project in the UAE.  Located in Abu Dhabi’s Ajban area, Al Ajban will be one of the largest single-site solar plants globally, generating enough green electricity to power 160,000 households and reducing carbon emissions by 2.4 million tonnes annually.  The project, alongside Noor Abu Dhabi and…

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Nexans divests AmerCable to Mattr for $280 million

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French cable manufacturer Nexans has completed the sale of AmerCable, a specialist in electrical power, control, and instrumentation cables, to Mattr for $280 million.  The move aligns with Nexans’ focus on its core electrification business, allowing it to concentrate on key market segments.  The agreement, finalized in November 2024, values AmerCable at around five times its adjusted EBITDA for the 12 months ending June 2024. AmerCable will now be part of Mattr’s connection technologies segment,…

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PacificLight Power to build 600 MW hydrogen-ready CCGT plant in Singapore

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PacificLight Power has secured approval from Singapore’s Energy Market Authority (EMA) to construct a 600 MW hydrogen-ready combined-cycle gas turbine (CCGT) facility on Jurong Island. Operations are slated to begin in January 2029. This facility will be Singapore’s largest single H-class CCGT and will feature a large-scale battery energy storage system (BESS). The greenfield site allows for future expansion, including the addition of a second unit and the potential integration of carbon capture, utilization, and…

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BOEM considers offshore wind leasing off Guam

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The US Bureau of Ocean Energy Management (BOEM) has launched a process to consider offshore wind energy leasing off the coast of Guam, a US Pacific territory. A Call for Information and Nominations has been issued to gather public input and identify potential leasing areas. This initiative aligns with Guam’s renewable energy targets of 50% by 2035 and 100% by 2045, as well as the US administration’s goal of installing 30GW of offshore wind capacity…

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Northleaf Capital exits Mula solar plant in Spain

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Northleaf Capital Partners has sold its majority stake in the 494 megawatts peak (MWp) Mula photovoltaic solar plant in Murcia, Spain, to China Three Gorges Spain, a subsidiary of the China Three Gorges Corporation.  The deal, executed with minority partner Qualitas Energy, includes the sale of a 100% equity interest and is part of Northleaf’s value creation plan, yielding significant cash returns to investors. Mula Solar, one of Europe’s largest operational solar plants, has a…

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TRIG partners with Qair France to power Hyd’Occ hydrogen plant

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The Renewables Infrastructure Group (TRIG) has secured a power purchase agreement (PPA) with Qair France and partners to supply renewable electricity to the Hyd’Occ hydrogen production facility in Port-la Nouvelle, Aude, France.  Electricity will be sourced from TRIG’s two onshore wind farms in the Occitanie region, supporting sustainable energy initiatives in the area. The Hyd’Occ facility, developed by Qair’s subsidiary, Hyd’Occ project company, involves a €60m ($65.4m) investment and is set to launch in 2025….

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Vestas secures 134 MW wind turbine orders in Europe

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Vestas has announced new contracts totalling 134MW for wind turbine projects in Europe as part of its Q4 2024 order intake. In Italy, Vestas received a 26MW order from Alerion San Marco for the Valico Casone Cocca project. It will feature three V150-6.0 MW and two V117-4.2 MW turbines, with a ten-year Active Output Management (AOM) 4000 service agreement. Delivery is planned for Q4 2025, with commissioning in Q1 2026. In Spain, an undisclosed customer…

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Eskom reconnects Koeberg Unit 2 to South Africa’s grid

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Eskom has reconnected Unit 2 of the Koeberg nuclear power station to South Africa’s national grid, adding 930MW to the country’s power supply. This move supports Eskom’s Generation Operational Recovery Plan to increase capacity by 2.5GW by March 2025. Unit 2 underwent an extensive long-term operation (LTO) programme, extending its operational life by 20 years. The maintenance included replacing steam generators, conducting inspections, and refuelling. This follows the successful LTO of Unit 1 in 2023,…

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Aypa Power secures $190m for Texas battery storage project

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Aypa Power, a Blackstone portfolio company, has obtained $190m in financing for its Bypass battery energy storage system (BESS) project in Fort Bend County, Texas. The 200MW/400MWh facility will address the region’s growing energy storage needs. The financing includes a $68m construction-to-term loan, a $91m tax equity bridge loan, and $31m in letters of credit, with $26m allocated for project-specific requirements. Morgan Stanley Renewables committed $94m in tax equity financing through a hybrid partnership flip…