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Global shift towards sustainable energy drives $3.1 trillion investment surge

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A new report from the International Solar Alliance (ISA) highlights a global increase in sustainable energy investments, rising from $2.4 trillion in 2018 to an expected $3.1 trillion by 2024, with solar energy dominating green investments.  Solar alone now accounts for 59 per cent of these investments, primarily due to decreasing technology costs and a surge in support from the Asia-Pacific (APAC) region, which has emerged as the leading investor. According to the World Solar…

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GE Vernova launches HVDC Competence Center in Berlin

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GE Vernova Inc. has launched a High Voltage Direct Current (HVDC) Competence Center at its Electrification facility in Berlin to accelerate energy transition initiatives in Germany and Europe.  The center focuses on developing technology to improve grid stability, enable long-distance power transmission, and integrate renewable energy into power systems.  This facility positions Berlin as a central hub for GE Vernova’s Electrification Systems businesses in Europe, supporting projects in Grid Solutions, Power Conversion, and Solar and…

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Masdar, Sarawak Energy, and Gentari explore floating solar plant in Malaysia

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UAE’s Masdar has entered a joint study agreement with Sarawak Energy and Gentari to evaluate the feasibility of a floating solar power plant at the Murum Hydroelectric Plant reservoir in Sarawak, Malaysia. The study will assess the technical feasibility, environmental impact, and economic viability of the project. If implemented, the floating solar plant would strengthen Sarawak’s renewable energy capacity and set a regional example for floating solar solutions.  Sarawak Energy Group CEO Datuk Sharbini Suhaili…

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Trump as US president will deepen climate crisis: Policy experts

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Donald Trump’s potential return to the US presidency has prompted apprehension regarding America’s climate policy trajectory. During his first term, the United States withdrew from the Paris Climate Agreement, casting doubts on its commitment to global climate efforts.  Trump has also been critical of climate finance mechanisms, such as the Green Climate Fund, labelling them as unfavourable wealth redistribution schemes while endorsing expanded fossil fuel production. Following his re-election, Trump has promised to increase domestic…

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Jupiter Power secures $225 million credit facility to boost 12,000 MW energy storage pipeline

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Jupiter Power has closed a $225 million corporate credit facility to expand its energy storage portfolio across the United States.  The facility includes up to $175 million in letters of credit and $50 million in revolving loans.  Coordinated by Barclays Bank PLC, HSBC Bank USA, and Sumitomo Mitsui Banking Corporation, this financing will support Jupiter Power’s 12,000 MW development pipeline. Kirkland & Ellis acted as counsel for Jupiter Power, while Latham & Watkins represented the…

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FERC rejects plan to expand Amazon data centre capacity

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The US Federal Energy Regulatory Commission (FERC) has rejected a proposed amendment to increase Amazon’s data centre load capacity at the Susquehanna nuclear facility in Pennsylvania from 300 MW to 480 MW.  The amended interconnection service agreement, executed between Talen Energy, PJM Interconnection, and PPL Electric Utilities, aimed to expand capacity at the data center. FERC raised concerns about the public impact of this increased capacity, noting potential risks to grid stability and consumer power…

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NSW approves Liverpool Range wind farm expansion

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The New South Wales (NSW) government has approved an amendment to expand the Liverpool Range wind project to 1.3 GW by utilizing fewer, more efficient turbines.  Initially approved in 2018, the project modification requested in 2022 aims to boost energy generation with updated technology and a reduced turbine count. Located northeast of Mudgee in NSW’s Central-West Orana Renewable Energy Zone (REZ), the $2 billion investment will create 550 jobs during construction and 47 permanent roles…

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Primergy Solar secures $225 million for Valley of Fire renewable projects

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Primergy Solar has secured $225 million in project financing for its Valley of Fire (VoF) renewable energy portfolio across Nevada, Colorado, and Arizona.  This financing includes a $125 million tax credit sale for the Gemini Solar + Storage project and a $100 million revolving credit facility from Rabobank to support additional VoF developments. The VoF portfolio comprises the recently commissioned Gemini Solar + Storage project and five other ventures, collectively offering 2.65 GW of solar…

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TechnipFMC and Prysmian collaborate for floating offshore wind energy solutions

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TechnipFMC and Prysmian have entered into a partnership to deliver a comprehensive solution for floating offshore wind projects, integrating expertise from the seabed to the ocean surface.  This collaboration combines TechnipFMC’s proficiency in dynamic offshore system design with Prysmian’s leadership in submarine power cable systems. The agreement aims to streamline project delivery through a full engineering, procurement, construction, and installation (EPCI) model, optimizing mooring, anchoring, and both inter-array and export cabling systems. This integrated approach…

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GE Vernova completes FEED studies to cut emissions in Saudi plants

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Electric services company GE Vernova, in collaboration with Saudi Arabia’s Ash Sharqiyah Operations & Maintenance Company (ASHOMCo), has completed three front-end engineering design (FEED) studies to reduce net carbon emissions at three cogeneration plants in Saudi Arabia.  These plants, equipped with GE Vernova’s 7E and 7F gas turbines, collectively generate up to 920 MW of power and 1,400 tonnes per hour of steam, providing energy for around 920,000 homes. The FEED studies explored pre-combustion and…