Global

US-based LS Power has agreed to acquire the renewable energy business of Algonquin Power & Utilities, which includes wind and solar assets across the US and Canada. The portfolio comprises 44 operating assets with more than 3GW of generating capacity, along with an 8GW pipeline of wind, solar, battery energy storage, and renewable natural gas projects in various stages of development. Most of the assets, around 2.7GW, are located in the US, with the remaining…

SSE Renewables has finished a critical phase in the Coire Glas pumped storage project in the Scottish Highlands, completing a 1.2km exploratory tunnel. This marks a major step forward in the UK’s first significant pumped storage scheme since 1984, located at Loch Lochy, designed to provide 30 GWh of electricity storage—enough to power three million homes for 24 hours. The tunnel, built by STRABAG UK, will provide essential geological data for the project’s final design….

Cero Generation has secured financing for a 244.7 MW solar project portfolio in Spain’s Palencia region. The projects will begin construction soon, supported by a consortium of lenders including Banco Sabadell, Rabobank, and ING. A ten-year power purchase agreement (PPA) with an undisclosed international tech company underpins the project. Engineering and construction will be handled by Elmya and Metlen, with LONGi supplying the solar modules. The projects will generate 480 GWh annually, powering 150,000 homes…

EmberClear Management has submitted loan applications to the Texas Energy Fund for two major power projects, each with a capacity of 900 MW. The EmberYork Energy Center in Austin County and the EmberGreen Energy Center in Wharton County will collectively deliver 1.8 GW of natural gas-fired electricity to the Houston area. These plants are strategically located near large interstate natural gas pipelines and significant storage facilities, ensuring a reliable gas supply. Both facilities are connected…

Amazon has powered its operations, including data centres, with 100% renewable energy, reaching this milestone seven years ahead of its original 2030 target. The company invested billions of dollars in over 500 solar and wind projects, generating enough energy to power approximately 7.6 million US homes. This achievement is part of Amazon’s commitment to net-zero carbon by 2040. However, the company acknowledges that the rising energy demands from generative AI will require adapting its energy…

A team of scientists at Oxford University has made a significant breakthrough in solar technology with the development of an ultra-thin, light-absorbing material made from perovskite. This new technology could transform everyday objects into power-generating surfaces, offering a sustainable solution to the growing demand for renewable energy. Perovskite coatings are far more efficient at absorbing solar energy compared to traditional silicon-based panels. These coatings are over a micron thick, making them 150 times thinner than…

Fluence Energy announced its Q3 FY2024 results, showcasing a record quarterly order intake of $1.3 billion and a record backlog of $4.5 billion. Although revenue decreased by 10% year-over-year to $483.3 million, the company demonstrated strong improvements in profitability. The GAAP gross profit margin increased significantly to 17.2% from 4.1% the previous year, and net income reached $1.1 million, a substantial turnaround from a $35 million loss. Adjusted EBITDA also improved, rising to $15.6 million…

Array Technologies, a utility-scale solar tracking solution provider, has introduced SkyLink, a PV-powered wireless tracker system. Building on the strengths of its DuraTrack® and OmniTrack™ offerings, SkyLink adds flexibility and optimization to Array’s solar trackers. SkyLink features an eight linked-row architecture, passive wind mitigation, PV string-powered brushless DC motors, and Zigbee wireless communication. The system is designed to handle extreme weather, with automated responses to snow and hail accumulation, ensuring continuous solar production even during…

BlueFloat Energy has announced the location for its 180 MW Winds of September Phase 1 offshore wind project, which will participate in Taiwan’s floating Demonstration Program launching in 2024. Situated 23km off the coast of Hsinchu City, the project will feature 12 floating platforms and has been in development since 2021. The site was selected based on an energy yield assessment, environmental and social impact assessments (ESIA), and geophysical surveys. These studies were informed by…

Greencoat Renewables has acquired a 50% stake in the 80.5 MW South Meath solar farm in Ireland, partnering with Schroders Greencoat, which holds the remaining stake. An unnamed technology company has secured a long-term power purchase agreement (PPA) for the farm’s entire output. This acquisition, a key investment in Ireland’s renewable energy infrastructure, follows Greencoat’s recent purchase of a 22.5% share in Germany’s Butendiek offshore wind farm.