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GE Vernova secures five onshore wind deals in Spain

GE Vernova has signed five agreements to supply its 6.1 MW turbines with 158-meter rotors for onshore wind projects across Spain. The company will supply and commission 16 turbines to two wind farms in Castilla León—eight for Casa Vieja and eight for...

PLN outlines strategy for energy transition, targets net zero by 2060

PT Perusahaan Listrik Negara (PLN) has detailed its energy transition strategy at the Indonesia International Sustainability Forum 2024, focusing on achieving net zero emissions by 2060. PLN emphasized its commitment to the energy...

Encavis and Innovar Solar partner to develop 500 MW of solar capacity in Germany

Encavis AG and Innovar Solar GmbH have entered into an agreement to jointly develop 500 MW of solar projects in Germany. The agreement follows a continuous development model, ensuring that new projects are initiated as existing ones advance. If any...

Grenergy to acquire 1GW solar portfolio in Chile for $128m

Spain-based Grenergy Renovables plans to acquire a 1GW solar portfolio in Chile for $128 million from Repsol and Grupo Ibereolica Renovables. The deal includes a 77MW photovoltaic (PV) plant, 923MW of projects under development, and a 1GW operational...

EDF Renewables signs PPA with OPPD for 300 MW Milligan 1 Wind project

EDF Renewables North America has entered a 20-year power purchase agreement (PPA) with Omaha Public Power District (OPPD) to supply clean energy from its 300MW Milligan 1 Wind project in Nebraska. Operational since 2021, Milligan 1 is owned and...

US DOE allocates over $3 billion for battery manufacturing projects across 14 states

The US Department of Energy (DOE) has allocated more than $3 billion to fund 25 projects aimed at enhancing battery manufacturing capabilities across 14 states. These projects are part of the Biden-Harris Administration’s Investing in America...

Alight secures €110m financing for 220 MW solar parks in Sweden

Swedish solar independent power producer Alight has secured €110 million in senior debt financing from Dutch bank Rabobank to develop, own, and operate 220 MW of small to medium-sized solar parks across Sweden. This portfolio financing, a...

rPlus Energies begins construction on $1 billion Green River solar and storage project in Utah

rPlus Energies has started construction on the Green River Energy Center, a major solar photovoltaic (PV) and battery storage project in eastern Utah. The project includes a 400MW solar PV facility paired with a 400MW/1,600MWh battery storage system...

Fossil fuels to supply 40-60% of energy by 2050 despite clean energy push: McKinsey

A McKinsey report reveals that fossil fuels will continue to provide 40-60% of global energy by 2050, due to slower adoption of electric vehicles (EVs) and challenges in scaling clean energy technologies. Gas will remain a key energy source...

NEA to publish cost study of Sweden’s energy and electricity system

The Nuclear Energy Agency (NEA) and the Swedish Government have announced a collaboration on a cost study of Sweden’s electricity and energy system. The study aims to explore the cost implications of various policy decisions and energy...

ADB approves $500 million loan to accelerate Indonesia’s energy transition

The Asian Development Bank (ADB) has approved a $500 million policy-based loan to support Indonesia’s shift towards sustainable energy. This loan, part of the Affordable and Sustainable Energy Transition Program, aligns with Indonesia’s goal to meet...

SLB expands partnership with NVIDIA to develop generative AI solutions for energy sector

Energy technology company SLB has deepened its partnership with NVIDIA to develop generative AI solutions tailored to the energy industry. The collaboration will integrate industry-specific generative AI models into SLB’s platforms, such as the Delfi...

Czech nuclear deal will go ahead despite controversy, South Korean President says

South Korean President Yoon Suk Yeol has expressed confidence in moving forward with a multibillion-dollar project to build a nuclear plant in the Czech Republic, despite legal challenges from EDF and Westinghouse. In an interview with Reuters...

Iberdrola inaugurates Saint-Brieuc offshore wind farm in France

Spanish utility Iberdrola has officially inaugurated the 496 MW Saint-Brieuc offshore wind farm, located 16km off the coast of Brittany, France. Built with a €2.4 billion ($2.6 billion) investment, the project is fully operational and can generate...

BlueFloat partners with China’s Dajin for floating wind supply chain

BlueFloat Energy has signed a memorandum of understanding (MoU) with China’s Dajin Heavy Industry to foster innovation and sustainability within the floating wind supply chain. The partnership aims to enhance technical innovation, boost supply chain...

AMG Critical opens Europe’s first lithium hydroxide refinery in Germany

AMG Critical Materials has inaugurated Europe’s first lithium hydroxide refinery in Bitterfeld-Wolfen, Germany, through its subsidiary AMG Lithium BV. The facility began producing battery-grade lithium hydroxide on 18 September 2024. The first of...

Ukraine’s energy system braces for severe winter amid increased Russian attacks, IEA warns

Ukraine’s energy infrastructure faces its toughest challenge yet as winter approaches, according to a new report by the International Energy Agency (IEA). Russian missile and drone attacks have increasingly targeted Ukraine’s generation...

Vistra to acquire remaining 15% stake in Vistra Vision for $3.25 billion

Vistra has signed definitive agreements to acquire the remaining 15% equity interest in its subsidiary, Vistra Vision, from affiliates of Nuveen Asset Management and Avenue Capital Management II LP. This acquisition will make Vistra the sole owner of...

NRC extends licenses for FPL’s Turkey Point nuclear plant

The US Nuclear Regulatory Commission (NRC) has extended the operating licenses for Florida Power & Light Company’s (FPL) Turkey Point nuclear power plant Units 3 and 4, allowing them to operate until 2052 and 2053, respectively. The plant...

ENEOS acquires 20% stake in Norway’s GoliatVind floating offshore wind farm

ENEOS Holdings’ renewable energy arm, Eneos Renewable Energy, has acquired a 20% interest in the GoliatVind floating offshore wind farm project in Norway. Located between the northern Norwegian Sea and the Barents Sea, the 75 MW project will feature...

Recent Posts

EGAT plans three pumped storage power plants in Thailand

The Electricity Generating Authority of Thailand (EGAT) has announced plans to develop three pumped...

ACCIONA Energía sells hydro portfolio to Endesa for €1 billion

ACCIONA Energía has signed an agreement with Endesa for the sale of 100% of Corporación Acciona...

ACWA Power signs agreement with Uzbekistan for 2 GWh battery storage projects

On November 16, 2024, ACWA Power signed a binding Implementation Agreement (IA) with Uzbekistan’s...

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...