Constellation has secured contracts worth more than $1bn from the US General Services Administration (GSA) to supply nuclear and other energy sources to multiple government agencies and implement energy-saving initiatives. The ten-year contract, valued at $840m, will supply one million megawatt-hours of energy annually from 2025 to 13 government agencies, including the Architect of the…
ACWA Power, in partnership with HAU Energy, has achieved financial close for the 1.1GW Suez wind farm in Egypt’s Gulf of Suez region. The financing includes a $703.6m senior debt facility from a consortium of international banks and financial institutions, with the European Bank for Reconstruction and Development leading the deal. The $1.2bn project aims…
The Egyptian Electricity Transmission Company (EETC) has allocated EGP 7.6 billion for the fiscal year 2023-24, focusing on upgrading, modernizing, and expanding its high-voltage and ultra-high voltage systems. This investment covers the development of new stations, cables, transmission lines, and upgrades to regional control centres, including Cairo’s and the newly operational National Control Center in…
AES Andes has submitted an Environmental Impact Assessment (EIA) to Chilean authorities for its proposed Inna green hydrogen project, which is aligned with Chile’s National Green Hydrogen Strategy. The project is in its early stages of development and focuses on producing green hydrogen for both export and domestic use. In addition, AES Andes has signed…
Innergex Renewable Energy has partnered with West Moberly First Nations and signed a 30-year electricity purchase agreement (EPA) with BC Hydro for the Stewart Creek wind project. The 200 MW community wind project is located 60 km east of Innergex’s Dokie Wind Farm, British Columbia. West Moberly First Nations holds a 51 per cent stake,…
A China-based firm has successfully ignited the world’s first 30MW-class pure hydrogen gas turbine, called Jupiter I. Developed by Mingyang Group and several research teams, the turbine offers a significant solution for renewable energy storage by converting hydrogen back into electricity during peak hours. The turbine addresses the challenge of renewable energy waste during off-peak…
Denmark’s Vestas has secured an order to supply 21 V236-15.0 MW turbines for the 315 MW Oga Katagami Akita Offshore Wind Project in Japan’s Akita Prefecture. The deal includes a long-term service agreement to optimise turbine performance. This marks Vestas’ first firm order for its V236-15.0 MW turbine in the Asia-Pacific region and its first…
J&V Energy has signed a memorandum of understanding (MoU) with ESPRO to establish a joint holding company for solar energy development and management in Thailand. The partnership aims to enhance renewable energy adoption and operational efficiency in line with Thailand’s sustainability goals.
Longroad Energy has signed a long-term Power Purchase Agreement (PPA) with Meta for the entire output of its 300 MWac 1000 Mile solar project in Yoakum County, Texas. The energy produced will be supplied to the Southwest Power Pool (SPP) grid and support Meta’s data center operations. The 1000 Mile solar project, Longroad’s first in…
Masdar has expanded its footprint in Europe by completing two acquisitions in the Iberian Peninsula. Along with its institutional partners, Masdar acquired Saeta Yield from Brookfield Renewable Partners for an enterprise value of €1.2 billion and an equity value of €696 million. Saeta’s portfolio includes 745 MW of wind assets, with 538 MW in Spain,…