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Amazon and Iberdrola expand renewable energy partnership

  Amazon and Iberdrola have added 476 MW to their global renewable energy partnership, expanding into five countries. The new agreements include Amazon’s first PPA in Portugal for 219 MW from the Tâmega Wind Complex, the largest wind farm in...

Desert Quartzite solar+storage project achieves operational status

EDF Renewables North America (EDFR) and Power Sustainable Energy Infrastructure (PSEI) have announced the operational status of their Desert Quartzite solar+storage project in Riverside County, California.  The project has a solar capacity of 375...

Fidra Energy receives approval for 1.4GW battery storage project in UK

Fidra Energy, a European battery energy storage system (BESS) platform owned by EIG, has received planning consent to develop a 1.4GW battery storage project at Thorpe Marsh, Yorkshire. This will become the UK’s largest battery storage facility...

Georgia Power submits 2025 integrated resource plan

Georgia Power has submitted its 2025 Integrated Resource Plan (IRP) to the Georgia Public Service Commission (PSC), outlining strategies to meet the state’s energy needs with a focus on reliability and economic efficiency. The plan builds on...

Global energy transition investment grows 11% to $2.1tn in 2024

Investment in the global low-carbon energy transition rose 11% in 2024, reaching $2.1 trillion, as reported by BloombergNEF’s Energy Transition Investment Trends 2025. Key drivers of this growth were electrified transport, renewable energy, and power...

Yunlin offshore wind farm begins operations, adds 640MW to Taiwan’s grid

The Yunlin offshore wind farm, managed by Yunneng Wind Power, has begun commercial operations after installing all 80 wind turbine generators. The 640MW project, located in the Taiwan Strait between 8km and 17km offshore Yunlin County, is now...

Indonesia plans 4.3GW nuclear power capacity

Indonesia is planning to build nuclear power plants with a total capacity of 4.3 GW as part of its cleaner energy strategy and to reduce fossil fuel dependency. The country’s current installed power capacity exceeds 90GW, with more than half sourced...

GE Vernova plans $600 million investment in US factories

GE Vernova, an American energy manufacturer, plans to invest nearly $600 million in its US facilities by 2027 to address growing global electricity demands. The investment is for improving energy affordability, national security, and global...

Enfinity Global expands Texas battery storage with 425 MW projects

  Enfinity Global Inc. has announced the expansion of its battery energy storage systems (BESS) portfolio with two new projects in Texas, totalling 425 MW of power capacity and 850 MWh of storage.  Construction is set to begin in the second and...

On.Energy secures funding for 160 MWh battery storage in Texas

  On.Energy has closed construction credit facilities with Pathward and BridgePeak Energy Capital to develop its 160 MWh Palo de Agua battery storage portfolio in Texas.  The financing supports On.Energy’s expansion in the United States, adding to...

Germany’s wind power shortfall drives up Europe’s energy prices

  Germany, Europe’s largest wind power producer, is experiencing its most prolonged period of below-average wind power generation since early 2021, as reported by Reuters.  This shortfall is attributed to low wind speeds since October 2024...

MSIG Asia and The RiskPoint Group partner to enhance APAC RE insurance

MSIG Asia and The RiskPoint Group have teamed up to strengthen renewable energy (RE) insurance in the Asia Pacific region.  With approval from the Monetary Authority of Singapore, RiskPoint will serve as MSIG Singapore’s Managing General Agent.  This...

Ørsted and PGE reach FID for Baltica 2 offshore wind farm in Poland

Ørsted and Polska Grupa Energetyczna (PGE) have made the final investment decision (FID) for the 1.5GW Baltica 2 offshore wind farm off the Polish coast.  The wind farm is expected to be fully commissioned by the end of 2027. Developed in a 50/50...

Mission 300 Initiative secures over $8bn in funding

The Mission 300 initiative, aimed at providing electricity to 300 million Africans by 2030, has raised more than $8bn in funding commitments during the Mission 300 Africa Energy Summit in Dar es Salaam, Tanzania, held from 27 January to 28 January...

Sri Lanka to renegotiate wind PPA with Adani Green Energy

The government of Sri Lanka plans to renegotiate the power purchase agreement (PPA) with India’s Adani Green Energy for a 484MW wind power project, to reduce the cost to below $0.06 per unit, according to the Press Trust of India (PTI).  The previous...

JUWI Renewable to begin construction on solar projects in South Africa

JUWI Renewable Energies will commence construction on three major private solar projects in South Africa, with a combined capacity of 340 MW and investments exceeding $320 million.  The projects will serve key players in the mining, data centre, and...

EU to provide €30m aid to Moldova for energy crisis relief

The EU will offer €30m ($31.4m) in emergency assistance to Moldova, including the separatist Transnistrian region, until 10 February 2025.  The aid follows Russian gas supplier Gazprom’s failure to deliver natural gas, leaving over 350,000...

Chevron, Engine No.1, GE Vernova to build first U.S. multi-GW power plant, data center

Chevron USA and Engine No.1 have joined forces to create a new company for developing natural gas-fired power plants to support US-based AI data centres, in collaboration with GE Vernova.  This initiative addresses the increasing demand for...

Vena Energy and CIP awarded offtake contract for Taean Wind Project in South Korea

Vena Energy and Copenhagen Infrastructure Partners (CIP) have secured an offtake contract for their joint 500 MW Taean Wind Project in South Korea, awarded in the Wind Power Fixed-Price Contract Auction by the Korea Energy Agency (KEA). The...

Global Contract and Deal Updates – January 28, 2025

Meridiam partners with HAU and EBRD to develop renewable energy in Egypt Meridiam has entered into a long-term strategic partnership with Hassan Allam Utilities (HAU) and the European Bank for Reconstruction and Development (EBRD) to develop and...

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CERC clears over 13,000 MW in March adoption orders

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