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SEG Solar inaugurates 585W Yukon series module at new Houston facility

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SEG Solar, a US-based PV manufacturer, has inaugurated its 585W Yukon series module at a new manufacturing facility in Houston, Texas, marking a significant milestone as one of the first manufacturers to produce solar modules in the United States. The fully operational facility, which spans 250,000 square feet, is equipped with state-of-the-art production lines designed to handle 182mm and 210mm N-type cells. The facility has an annual production capacity of 2 GW and features fully…

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BOEM completes environmental assessment for offshore wind development off Oregon coast 

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The US Bureau of Ocean Energy Management (BOEM) has finalized its environmental assessment (EA) for potential offshore wind energy development off the Oregon coast. The assessment concluded that issuing leases would not significantly impact people or the environment. This marks a significant step under the Biden-Harris administration, which has already approved nine commercial-scale offshore wind projects and conducted four lease auctions, including the first sales off the Pacific and Gulf of Mexico coasts. The Department…

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Poland launches €5bn loan programme to boost offshore wind capacity

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The Polish Government has announced a nearly €5 billion ($5.46 billion) loan programme to support offshore wind projects, funded by the EU’s recovery funds. State-owned bank BKG will provide the loans, which are available for projects with a minimum installed capacity of 300MW. Developers can apply for loans until 31 August 2026, with a maximum repayment period extending to 2053. The programme aims to add 5.9GW of offshore wind capacity in Poland by 2030, a…

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8 Rivers, Siemens to develop 270 MW zero-emissions CO₂ turbine

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8 Rivers, Siemens to develop 270 MW zero-emissions CO₂ turbine 8 Rivers Capital, a leader in decarbonisation technology, is collaborating with Siemens Energy to develop a zero-emissions turbine capable of generating 270MW of electricity using captured carbon dioxide (CO₂). This project, which began in late 2023, focuses on the development of direct-fired supercritical CO₂ turbines for various applications and fuel types. Siemens Energy has selected a commercially available generator to work in conjunction with the…

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Ofgem fast-tracks £3.4bn Anglo-Scottish electricity “superhighway”  

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The UK’s energy regulator, Ofgem, has approved the fast-tracking of the Anglo-Scottish electricity “superhighway” project, EGL2, under its Accelerated Strategic Transmission Investment (ASTI) framework. This initiative is designed to expedite 26 major grid connection projects, aiming to boost grid capacity and save an estimated £1.5 billion ($1.92 billion). EGL2 is the first of these projects to secure funding under the ASTI framework. The project will establish a 2GW high-voltage electricity cable link between Peterhead in…

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WSP to acquire Power Engineers in $1.78 billion deal 

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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…

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Sweden’s nuclear energy plans to cost $38 billion

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Sweden’s ambitious nuclear energy expansion, aiming to add 2.5GW of new capacity by 2035 and build ten new reactors by 2045, is projected to cost around Skr400 billion ($38 billion), according to a government-appointed commission. Despite the government’s goals, private sector investment has been lacking due to concerns over the return on large, fixed capital investments. The commission recommended that the Swedish government offer loans covering 75% of the construction costs for new power plants,…

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Ukrnafta launches tender for 76.4 MW gas generator sets, valued at $38.3 million

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Ukrnafta, Ukraine’s largest oil producer, has announced 16 tenders to purchase gas generator sets totaling 76.4 MW in capacity, with an expected acquisition cost of UAH 1.576 billion (approximately $38.3 million) before VAT. The tenders, scheduled for August 26-27, aim to secure generators with capacities ranging from 1 MW to 14 MW, to be delivered by December 31, 2025. The company plans to acquire various generator capacities, including two sets of 1-1.3 MW, one set…

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Brazil shuts down major hydroelectric plants due to severe drought, shifts focus to thermal, imported power

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Brazil has temporarily shut down two of its largest hydroelectric power plants due to a severe drought, as water levels in the River Madeira reach critically low levels. On August 7, the Electric Sector Monitoring Committee (CMSE) advised the government to minimize hydropower usage and instead focus on thermal power sources and electricity imports from Argentina and Uruguay. The current drought conditions are expected to persist until November 30, according to Brazil’s National Water Agency….

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NextEnergy acquires 248 MW solar portfolio in Spain  

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NextEnergy Capital’s (NEC) international fund, NextPower V ESG, has secured a binding agreement to acquire a 248 MW solar PV portfolio in northeastern Spain. The portfolio comprises 12 solar PV projects and marks a significant addition to NEC’s rapidly growing renewable energy assets. This acquisition follows the recent long-term debt financing closure for an operational portfolio managed by NextPower V ESG’s predecessor, NextPower III ESG, in the same region. The latest investment highlights NEC’s strong…