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Oklo finalizes agreement with DOE for nuclear reactor site inspections in Idaho

Nuclear power company Oklo has secured a memorandum of agreement (MOA) with the U.S. Department of Energy (DOE), allowing it to conduct site inspections for its planned advanced nuclear reactor in Idaho. This agreement enables Oklo to proceed with geotechnical assessments, environmental surveys, and infrastructure planning, crucial steps toward advancing the project to the construction phase. Oklo is the only advanced fission company with a DOE site use permit and has made significant regulatory progress,…

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CIB and Elemental Energy secure $118m loan for Higgins Mountain wind project in Nova Scotia

The Canada Infrastructure Bank (CIB) and Elemental Energy have reached financial close on a $118 million loan to support the Higgins Mountain wind project in Nova Scotia. Located in Colchester and Cumberland, the 100 MW wind farm will consist of 17 turbines, generating enough electricity to power 40,000 homes and cutting carbon emissions by over 200,000 tonnes annually. The project, a collaboration between Elemental Energy, Stevens Wind, and the Sipekne’katik First Nation (SFN), will offer…

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Origis Energy partners with TVA to expand solar + storage projects in Mississippi

Origis Energy and the Tennessee Valley Authority (TVA) have signed a power purchase agreement to develop the Hope Solar + Storage project in Clay County, Mississippi. The project will feature a 200 MWac solar facility combined with 200 MW (800 MWh) of battery storage. The generated power will be sold to TVA to support the region’s growing population and economic development. The project is expected to become operational by the end of 2028, subject to…

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Ecuador faces widespread power cuts as drought impacts hydroelectric generation

Ecuador’s government has implemented power cuts in half of the country’s provinces due to a severe drought that has drastically reduced hydroelectric power generation. The blackout affected 12 of the 24 provinces from 8am to 5pm on Sunday, 22 September, with extended power cuts scheduled nightly from 10pm to 6am until Thursday, 26 September. Nineteen areas have also been placed on red alert. This drought, the worst in 61 years, has led to a significant…

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RWE partners with Port of Setúbal to develop logistics hub for floating offshore wind energy in Portugal

RWE is collaborating with the Port Authority of Setúbal in Portugal to develop a logistics hub for floating offshore wind energy. The partnership aims to explore the port’s potential to become an industrial hub for marshalling, assembly, and deployment of components such as floating substructures and mooring systems, crucial for floating wind projects. Given Portugal’s deep waters, high wind speeds, and 2,500km coastline, the government sees floating offshore wind as a key renewable energy source….

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TAURON acquires rights for 190.8 MW wind project in Poland from VSB Group

TAURON Polska Energia’s subsidiary, TAURON Zielona Energia, has signed an agreement with German renewables developer VSB Group to acquire project rights for the 190.8 MW Miejska Górka wind project in Poland’s Greater Poland Voivodeship. The project will feature 53 wind turbines, supplied and installed by the Nordex Group, and is expected to be operational by early 2027. VSB Group will continue to oversee additional construction and planning work for the project. In June 2024, VSB…

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AMEA Power to invest in BESS and solar capacity in Egypt

AMEA Power has announced plans to invest USD 800 million to develop Egypt’s largest solar photovoltaic (PV) plant and first utility-scale battery energy storage systems (BESS). The project, located in the Benban area of Aswan Governorate, will feature a 1,000 MW solar PV power plant alongside a 600 MWh BESS. Additionally, AMEA Power is constructing a 500 MW Abydos solar PV plant in Kom Ombo, Aswan Governorate, which will include a 300 MWh BESS. The…

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Vestas secures 134 MW wind turbine order from Invenergy in Japan

Danish wind turbine manufacturer Vestas has won a 134 MW order from Invenergy for Japan’s Inaniwa Wind Energy Center in Iwate prefecture. This marks Vestas’ largest order in Japan to date. The company will supply and install 32 of its V117-4.2 MW turbines, along with a 20-year Active Output Management 5000 (AOM 5000) service agreement. Deliveries are set to begin in the first half of 2027, with project commissioning expected in the first quarter of…

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Octopus Energy completes acquisition of UK renewables developer Exagen Group

Octopus Energy Generation has fully acquired UK-based renewables and energy storage developer Exagen Group from its founder, Jeremy Littman. Exagen’s development pipeline includes over 2.4GW of solar and energy storage projects across England. This acquisition will accelerate the execution of these projects, furthering the UK’s renewable energy goals. Littman expressed pride in the progress made by Exagen, highlighting the company’s mission to fight climate change. Octopus had initially invested in Exagen with a 24% stake…

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Masdar to acquire Saeta Yield for $1.4bn, expanding its renewable energy footprint in Iberia

United Arab Emirates-based clean energy company Masdar has announced plans to acquire Saeta Yield from Brookfield Renewable and its institutional partners for an enterprise value of $1.4 billion (€1.2 billion). Saeta Yield, an independent renewable power developer, owner, and operator, has a substantial portfolio of 745MW of wind and solar assets. This includes 538MW of wind power in Spain, 144MW in Portugal, and 63MW of solar photovoltaic assets in Spain, along with a 1.6GW development…