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US BOEM delays Oregon offshore wind auction

The US Bureau of Ocean Energy Management (BOEM) has postponed its planned auction for offshore wind energy leases off the coast of Oregon, citing insufficient interest from bidders. Initially scheduled for 15 October 2024, only one company expressed...

TotalEnergies kick-starts its largest US utility-scale solar farms with batteries

TotalEnergies has commenced commercial operations of its Danish Fields and Cottonwood solar farms in southeast Texas. Danish Fields, the company’s largest US solar project, has a capacity of 720 MWp and features 1.4m photovoltaic panels along...

UK oil and gas companies lag in renewable energy investments, report reveals

A recent analysis by climate campaign group Uplift has found that the majority of UK North Sea oil and gas companies are failing to transition their investments to renewable energy. Out of 87 companies, only seven are projected to invest in...

OPRI secures €100m bond for 740 MW solar projects in Italy

Ortus Power Resources Italy (OPRI), a joint venture between Ortus Climate Mitigation and Omnes Capital’s Capenergie 4 fund, has secured up to €100 million in bond issuance from I Squared Credit for the construction of approximately 740 MW of...

SEG Solar breaks ground on 5GW solar industrial park in Indonesia

US-based SEG Solar has started constructing a 5GW integrated photovoltaic (PV) industrial park in Central Java, Indonesia, marking a key step in its Southeast Asia expansion. This will be the largest vertically integrated PV facility in Indonesia...

GPC and CNBM to expand renewable energy projects in Europe

GoldenPeaks Capital (GPC) and China National Building Material Group (CNBM) have announced plans to expand their renewable energy partnership, targeting 1GW of solar projects annually across Europe. This collaboration, building on a five-year...

First nuclear plant recommissioned in US history as part of $2.8bn funding

The Biden-Harris Administration, through the US Department of Energy (DOE) and Department of Agriculture (USDA), has allocated over $2.8bn to support clean energy in the Midwest. As part of this effort, the DOE has secured a loan guarantee of up to...

Newcleo secures €135m investment, plans further European expansion

Nuclear energy company Newcleo has secured €135 million in new investments, bringing its total to over €535 million. The latest funding includes contributions from Italian pension fund Inarcassa, increasing the company’s shareholders to more than...

Vale and Green Energy Park partner on green hydrogen for global steel sector

Brazilian mining giant Vale and European hydrogen company Green Energy Park (GEP) have announced a collaboration to build a green hydrogen production facility in Brazil, aiming to produce low-carbon steel. The joint venture will establish a ‘Mega...

Big Tech spurs new demand for SMRs providing nuclear power

In September 2024, Oracle announced plans to build a gigawatt-scale data centre powered by small modular reactors (SMRs). Equinix, a leading data centre operator, made a $25m pre-payment to nuclear power company Oklo for SMR power. SMRs, compact...

Iran and Tajikistan discuss strengthening energy and water

The Ministry of Energy in Iran and the Ministry of Energy and Water Resources in Tajikistan are in discussions to enhance cooperation in electricity, water, and other key sectors.  The talks, held within the framework of the joint economic committee...

Masdar expands in US with 50 per cent acquisition of Terra-Gen

Masdar has successfully acquired a 50% share in Terra-Gen Power Holdings II, LLC, a leading independent renewable energy producer in the US. The acquisition was made from Energy Capital Partners, which fully divested its stake, while Igneo...

Invenergy and Honda ink virtual power purchase agreement in Japan

Invenergy has announced a virtual power purchase agreement (VPPA) with Honda Motor Co Ltd. for the Rusutsu wind project in Japan’s Hokkaido region, providing 63 MW of renewable energy. The wind farm is expected to offset 64,000 tonnes of carbon...

Utah completes its first floating solar project

Utah has launched its first floating solar project, a 587.5 kW system installed on a holding pond at the Signal Hill facility, in collaboration with the Mountain Regional Water Special Service District. The project, supported by a $400,000 grant from...

B.Grimm, EGAT, PEA sign PPA to develop 323 MW of solar projects in Thailand

B.Grimm Power has signed 25-year power purchase agreements (PPAs) with the Electricity Generating Authority of Thailand (EGAT) and the Provincial Electricity Authority (PEA) for a total of 323.3 MW across eight solar projects in Thailand. The...

UK closes its last coal-fired power station, marking the end of a 142-year era

The UK shut down its last coal-fired power station, Ratcliffe-on-Soar in Nottinghamshire, on September 30, 2024, marking a historic shift towards renewable energy. The Uniper-owned plant, which was “desynced” from the grid system shortly...

First Solar opens $1.1bn thin-film solar manufacturing facility in Alabama

First Solar has inaugurated its $1.1 billion fully vertically integrated thin-film solar manufacturing facility in Lawrence County, Alabama. The facility adds 3.5 GW of solar manufacturing capacity to the US, contributing to First Solar’s goal...

Australia provisionally approves Spinifex offshore wind project in Victoria

Australian Minister for Climate Change and Energy, Chris Bowen, has granted provisional approval for a feasibility licence for the 1.2 GW Spinifex offshore wind project, located in the Southern Ocean near Victoria’s coast. The project, led by Alinta...

SSEN Transmission and NGET begin construction of EGL2 subsea link

SSEN Transmission and National Grid Electricity Transmission (NGET) have officially commenced construction on the Eastern Green Link 2 (EGL2), a £4.3 billion subsea high voltage direct current (HVDC) transmission project connecting Scotland and...

Laos signs concession agreement with CGN for 1,000 MW solar farm

The Laos government has signed a concession agreement with CGN Laos Taven Power Sole Company Limited, a subsidiary of China’s state-owned CGN Energy International Holdings, for the construction of Phase I of a 1,000 MW solar farm in Xay and...

Recent Posts

Power Sector News Roundup for November 21, 2024

Global: Amazon invests in Greece’s largest wind energy project with three wind farms. China tightens...

SEFE, Eletrobras, and EnerTech partner to supply green hydrogen to Germany

Securing Energy for Europe (SEFE), Eletrobras, and EnerTech have signed a Joint Study Agreement...

Voltalia and TAQA Arabia partner for Zafarana wind farm in Egypt

Voltalia and TAQA Arabia have signed a memorandum of understanding (MOU) with Egypt’s Ministry of...

Synera Renewable secures permit for Formosa 4 wind project in Taiwan

Synera Renewable Energy (SRE) has received an establishment permit from Taiwan’s Energy...

Fluor JV begins design phase for Cernavoda nuclear expansion in Romania

Fluor’s joint venture, including AtkinsRéalis, Sargent & Lundy, and Ansaldo Nucleare, has...

Trump names Chris Wright as energy secretary

President-elect Donald Trump has appointed Chris Wright, a veteran of the US energy sector and CEO...

Poseidon to deliver cable services for Greater Changhua wind farms in Taiwan

Poseidon Cables has secured a contract with NCT Offshore to provide cable pre-rigging and pull-in...

CBMM launches world’s largest niobium-based anode plant in Brazil

CBMM has inaugurated a state-of-the-art niobium-based anode production facility in Araxá, Brazil...

Masdar and SOCAR achieve financial close for 760MW solar projects in Azerbaijan

Masdar and SOCAR Green have achieved financial close for two solar projects in Azerbaijan: the 445MW...

Field Energy acquires 200MW Hartmoor battery storage project in the UK

Renewable infrastructure developer Field Energy has acquired the 200MW Hartmoor battery storage...