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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...

COP29 president lays out plans for summit

Azerbaijan’s leadership unveiled its plans for the upcoming COP29 Summit, emphasizing the expansion of global energy storage capacity and reducing methane emissions, but omitting any commitment to phasing out fossil fuels. In a letter outlining the...

Westbridge secures approval for Dolcy Solar + Energy Storage project in Alberta

Westbridge Renewable Energy’s subsidiary, Dolcy Solar, has received approval from the Alberta Utilities Commission (AUC) for its 300 MWac Dolcy Solar + Energy Storage project in Canada. The project includes a solar power plant with a capacity...

EuroWind and Wind Estate form JV for 186.3 MW wind parks in Denmark

Danish energy companies EuroWind Energy and Wind Estate have established a joint venture (JV) called K/S Blue Holding, combining their wind power assets to create a total capacity of 186.3 MW. The JV equally splits ownership between the two firms...

NMMC to expand renewable energy use with $450 million solar initiative

Navoi Mining and Metallurgical Company (NMMC), Central Asia’s largest gold producer, is ramping up its renewable energy efforts as part of Uzbekistan’s push to increase renewable energy’s share to 40% by 2030. NMMC has launched a $450 million...

US to hold first offshore wind lease auction in Gulf of Maine in October

The US Department of the Interior (DOI) will hold its first offshore wind energy lease auction for the Gulf of Maine on 29 October 2024. The auction will offer leases for eight areas off the coasts of Massachusetts, New Hampshire, and Maine, with the...

WattBridge begins operations at 384 MW Remy Jade station in Texas

US-based independent power producer WattBridge Energy has commenced commercial operations at its 384 MW Remy Jade generating station in Harris County, Texas. Equipped with eight 48 MW aero-derivative gas turbine packages, the facility provides...

Masdar, EDF and KOWEPO finalise funding for 1.5 GW solar farm in UAE

EDF Renewables, Masdar, and Korea Western Power (KOWEPO) have announced the financial closure for the 1.5 GW Al Ajban solar project in Abu Dhabi, UAE. The project is backed by financing from BNP Paribas, Credit Agricole CIB, the Export-Import Bank of...

Global nuclear power on rise as IAEA outlook surges for fourth consecutive year

The International Atomic Energy Agency (IAEA) has raised its projections for the global expansion of nuclear power, marking the fourth consecutive year of capacity growth. As of the end of 2023, global nuclear capacity stood at 371.5 GW, with 413...

Progress on Eurasian electric cable link between Cyprus and Greece

Cyprus and Greece have made strides in advancing the construction of the Great Sea Interconnector (GSI), a high-speed electric cable link connecting Greece, Cyprus, and Israel via the Mediterranean seabed. The project, valued at €2.4 billion ($2.67...

Kibo Energy to acquire renewable energy assets from ESGTI

Kibo Energy has signed a binding term sheet with Swiss company ESGTI for a reverse takeover to acquire a diverse portfolio of renewable energy projects. The deal targets a generation capacity of 20 GW across Europe and Africa within six years...

BP to divest US onshore wind business to shift towards solar and oil focus

British energy giant BP has announced plans to sell its US onshore wind energy business, BP Wind Energy, citing misalignment with its strategic growth goals. The sale, which includes ten onshore wind assets across seven US states with a combined net...

OECD net electricity production rises 5.4% in June 2024

According to the latest release from the International Energy Agency (IEA), total net electricity production in the Organisation for Economic Co-operation and Development (OECD) countries reached 902.8 TWh in June 2024, reflecting a 5.4% year-on-year...

Arevon Energy secures $351 million financing for Gibson Solar Project in Indiana

Arevon Energy has secured $351 million in financing to construct the 251 MW Gibson Solar Project in Gibson County, Indiana. The project, already under construction, is expected to generate over $83 million in local government payments throughout its...

Infener, Gengenbach to develop 20 MW green hydrogen hub

Infener has joined forces with the City of Gengenbach to plan a 20 MW green hydrogen hub to produce up to 2,000 tonnes of green hydrogen annually. The facility will provide decentralised, climate-neutral, and cost-efficient energy to the Ortenau...

IPC E&C secures contract for 100 MW wind farm in Philippines

IPC E&C Philippines Corporation, a subsidiary of Vietnam’s IPC Group, has won a contract to install wind turbines for a 100 MW onshore wind farm in Laguna province, Philippines. The project, spearheaded by Laguna Wind Energy Corporation and...

South Africa partners with BRICS nations to tackle energy crisis

South Africa is addressing its energy crisis through partnerships with BRICS nations to enhance its power infrastructure. The New Development Bank (NDB) has already pledged USD 5 billion to support South Africa’s energy transition, including...

Vena Energy and Shell receive approval to export 400 MW of solar power from Indonesia to Singapore

Vena Energy and Shell Eastern Trading have received conditional approval from Singapore’s Energy Market Authority to export 400 MW of solar power from the Riau Islands, Indonesia, to Singapore.  The project will generate over 2.6 TWh of...

MoU signed to explore renewable projects in ASEAN countries

Founder Energy Sdn Bhd, a subsidiary of Reservoir Link Energy Bhd (RLEB), has signed a memorandum of understanding (MoU) with MN Power Transmission Sdn Bhd to explore renewable energy projects, including solar, biogas, and biomass, in Malaysia and...

Vanda RE to supply 300 MW of solar power to Singapore

Vanda RE Private Limited, a joint venture led by Gurīn Energy, has received a conditional license from the Energy Market Authority to supply 300 MW of solar power to Singapore. The power will be sourced from the larger Vanda Solar & Battery...

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Laurentis Energy Partners has partnered with ORLEN Synthos Green Energy (OSGE) to advance small...

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...