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OX2 to manage Piiparinmaki wind farm, Finland, for Nuveen

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Renewable energy solutions provider OX2 has entered into an asset management agreement with Nuveen Infrastructure to manage the Piiparinmaki wind farm in Finland. OX2 will oversee the facility’s technical, commercial, and financial management, which began commercial production in the summer of 2022, to maximize its performance. Nuveen Infrastructure, the private infrastructure investment arm of global asset manager Nuveen, manages $1.2 trillion in assets. Jordi Francesch, managing director of Nuveen Infrastructure Asset Management, expressed enthusiasm for…

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Avangrid sells Kitty Hawk North offshore wind lease area to Dominion

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Avangrid has completed the sale of its 40,000-acre Kitty Hawk North offshore wind lease area to Dominion Energy for $160 million. The transaction includes a $117 million lease acquisition payment and reimbursement for associated development costs. The sale agreement was initially signed in July 2024. Avangrid, part of the Iberdrola Group, retains the rights to Kitty Hawk South, where it plans to develop up to 2.4 GW of offshore wind capacity, supplying power to Virginia,…

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BP completes acquisition of full stake in Lightsource bp, expanding renewable energy capabilities

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BP has finalized its acquisition of the remaining 50.03% interest in Lightsource bp, fully integrating its 62 GW renewable energy pipeline across 19 markets worldwide into BP’s portfolio. Although BP now has full ownership, Lightsource bp will retain its brand and operate independently. This acquisition enhances BP’s renewable energy reach, supporting its broader low-carbon initiatives, including power trading, EV charging, biofuels, and green hydrogen production. BP’s executive vice president for gas and low carbon energy,…

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Engie signs 90 MW PPA with Google for Chillingham solar project in Texas

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Engie North America has entered into a power purchase agreement (PPA) with Google to supply renewable energy from its 200 MW Chillingham solar project in Bell County, Texas. This 90 MW PPA will support Google’s 24/7 carbon-free energy goal by powering its Texas operations with clean energy. The agreement, facilitated by LevelTen Energy’s LEAP program, aims to streamline clean energy PPA sourcing for corporate buyers like Google. Expected to come online in late 2024, the…

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DEME wins contract for cable installation at OranjeWind offshore wind farm in the Netherlands

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Offshore contractor DEME has secured a contract to transport and install inter-array cables and secondary steel components for the 800 MW OranjeWind offshore wind farm in the Dutch North Sea. The wind farm, located 53 km from the Dutch coast, is a joint venture between RWE and TotalEnergies. DEME’s scope includes the installation of 114 km of inter-array cables connecting 53 foundations to the offshore substation. Scheduled to start in the second half of 2026,…

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UK and Australia to launch Climate and Energy Partnership for clean energy transition

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The UK and Australia have announced a partnership to pursue their energy transition goals through the Australia-UK Climate and Energy Partnership. The partnership will focus on the development and deployment of renewable technologies such as green hydrogen and offshore wind.  UK Prime Minister Keir Starmer and Australian Prime Minister Anthony Albanese met on the sidelines of the Commonwealth Heads of Government Meeting in Apia, Samoa, where they underscored the role of private capital and government…

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India’s power sector warned of potential overinvestment risks amidst capacity expansion plans

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As India aims to double its power capacity to 900 GW by 2030, a report by Aequitas Investments highlights concerns about potential overinvestment, cautioning against repeating past industry missteps. The report points to aggressive bidding without firm power purchase agreements (PPAs) and a reliance on costly imported coal, warning that these practices could lead to financial instability reminiscent of the 2008 sector downturn. The analysis reveals that private sector expansions since FY 2010 have faced…

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L&T wins order from ITER for advanced nuclear fusion project in France

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Larsen & Toubro (L&T) has secured a ‘significant’ contract, estimated between Rs 10 billion and Rs 25 billion, to implement advanced welding technologies for the ITER Organisation’s nuclear fusion project, the world’s largest, located in Cadarache, Southern France. L&T will focus on critical technologies for assembling ports and complex components within the ITER Tokamak’s vacuum vessel. ITER, the International Thermonuclear Experimental Reactor, is a large-scale scientific collaboration aiming to make nuclear fusion a viable energy…

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CM solar self-employment scheme takes off in Uttarakhand

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The Chief Minister Solar Self-Employment Scheme in Uttarakhand has enabled hundreds of locals to set up small solar plants, generating self-employment while bolstering the rural economy. Chief Minister Pushkar Singh Dhami highlighted Uttarakhand’s favourable solar conditions, with ample sunshine even during winter, making it ideal for solar power generation. Eligible residents can install solar plants ranging from 20 to 200 kW capacity, with the Uttarakhand Power Corporation Limited (UPCL) purchasing all generated electricity. Loans are…

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Kenya suspends deal between KETRACO and Adani Group

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Kenya’s high court has suspended a $736 million agreement between state-owned Kenya Electrical Transmission Company (KETRACO) and Adani Group’s Adani Energy Solutions to develop and operate power infrastructure, including transmission lines.  The suspension follows a legal challenge by the Law Society of Kenya, which has criticized the agreement as “a constitutional sham” and “shrouded in secrecy.” The Law Society claims that KETRACO and Adani Energy Solutions did not fulfill public participation requirements, a mandate under…