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GE Vernova secures contract for Queensland’s renewable energy grid upgrade

GE Vernova has won a contract from Powerlink, Queensland’s state-owned transmission utility, to supply equipment for its Capital Work program. The agreement includes the delivery of 69 Dead Tank Circuit Breakers (DTCBs), rated 245kV and above...

BEP secures green lane status for offshore wind projects in Philippines

Buhawind Energy Philippines (BEP) has obtained green lane certification from the Board of Investments (BOI) for its three offshore wind power projects, collectively valued at PHP 694 billion.  These projects, with a total installed capacity of 4,000...

National Grid Renewables secures PPA for 150 MW Bee Hollow solar project

National Grid Renewables has signed a power purchase agreement (PPA) with the Illinois Municipal Electric Agency (IMEA) for the 150 MW Bee Hollow solar project in St. Clair County, Illinois.  Construction is slated to start in 2025, expanding the...

Indonesia to retire coal-fired power plants by 2040

Indonesia’s President Prabowo Subianto has announced plans to retire all coal-fired power plants by 2040, advancing the previous target of 2056.  At the G20 Summit in Rio de Janeiro on 19 November 2024, Subianto emphasized the need for global...

Arab Group opposes fossil fuel phase-out at COP29 climate summit

The 22-nation Arab Group, led by Saudi Arabia, has opposed any United Nations Climate Change Conference (COP29) agreement that targets fossil fuels, according to The New Arab.  Saudi representative Albara Tawfiq stated that the bloc would reject any...

Azerbaijan awards first 100 MW solar project to Universal International

Azerbaijan has concluded its first renewable energy auction, awarding a 100 MW solar project in the Garadagh region to Chinese company Universal International Holdings.  The company secured the contract with a winning bid of $0.0354 per kilowatt hour...

Equinor cuts 20% of renewables workforce amid offshore wind challenges

According to a report by Reuters, Norway’s Equinor is reducing its renewables workforce by 20%, approximately 250 full-time roles, due to challenges in the offshore wind sector.  These challenges include cost inflation, high interest rates, and...

RWE acquires majority stake in R3 Renewables

German energy group RWE has acquired a majority stake in R3 Renewables, a joint venture (JV) formed by US coal miner Peabody Energy, Summit Partners Credit Advisors (SPCA), and Riverstone Credit Partners.  The deal, for an undisclosed sum, involves...

BayWa r.e. sells 517 MW US solar portfolio in largest transaction to date

BayWa r.e. has sold three solar projects in the United States, totalling 517 MWDC, to an undisclosed renewable independent power producer (IPP). The deal, finalized in October 2024, represents the largest portfolio sale in BayWa r.e.’s history. The...

Masdar and Silk Road Fund to co-invest $2.8bn in renewable energy projects

Masdar, the Abu Dhabi Future Energy Company, and China’s Silk Road Fund have signed a memorandum of understanding (MoU) to co-invest up to 20 billion yuan ($2.8 billion) in renewable energy projects.  The agreement, signed at the COP29 climate...

Iberdrola invests in RTS for insulation innovation, advances UK subsea cable project

Iberdrola, through its Perseo start-up programme, has invested in Revestimientos Técnicos Sostenibles (RTS), an Andalusian company specializing in thermal insulation and anti-corrosion coatings.  The collaboration focuses on advanced materials such...

SRE Group and MWE form JV for offshore wind project in South Korea

Taiwan’s Synera Renewable Energy Group (SRE Group) and South Korea’s Moondo Wind Energy (MWE) have launched a joint venture, Moondo Offshore Wind Energy, to develop an 840 MW offshore wind farm near Geomundo Island in Yeosu City...

Construction begins on ACT’s 250 MW Williamsdale BESS

The Australian Capital Territory (ACT) government and Eku Energy have commenced construction of the Williamsdale Battery Energy Storage System (BESS), a 250 MW/500 MWh project under the ACT Government’s Big Canberra Battery initiative.  Scheduled to...

Axpo secures 163 MW capacity in French renewable energy tenders

Axpo has been awarded a combined capacity of 163 MW in public tenders for solar and wind energy organized by the French Energy Regulatory Commission (CRE), as announced in November 2024.  Axpo’s solar division, through its subsidiary Urbasolar...

Planning application submitted for 2GW Caledonia offshore wind farm in Scotland

Ocean Winds has submitted a planning application to the Scottish government’s Marine Directorate for the 2GW Caledonia offshore wind farm in the outer Moray Firth.  This milestone follows three years of extensive development work since the site was...

Hungary proposes amendments to Paks nuclear plant contract with Rosatom

On November 19, 2024, the Hungarian government introduced a bill to its parliament seeking to amend the existing contract with Russia’s Rosatom for the expansion of the Paks nuclear power plant.  The Paks expansion, valued at €12.5 billion ($13.2...

RIC Energy and Rosemawr partner to deploy 450 MW solar and storage in New York

RIC Development, LLC (“RIC Energy”) has partnered with Rosemawr Management to finance interconnection deposits for up to 450 MW of solar and energy storage projects in New York over the next three years.  This partnership will help advance projects...

Aboitiz Power to develop Philippines’ first hybrid BESS and geothermal system

AP Renewables Inc. (APRI) and Aboitiz Renewables Inc. (ARI), subsidiaries of Aboitiz Power Corporation, have partnered with Shandong Electric Power Engineering Consulting Institute Co. Ltd. (SDEPCI) for the Bay Battery Energy Storage System (BESS)...

National Grid Renewables begins construction of 100MW Apple River Solar project

National Grid Renewables has started construction on the 100MW Apple River Solar project in Polk County, Wisconsin.  Scheduled to commence operations in late 2025, the project will generate clean energy sufficient to power approximately 26,000 homes...

Laurentis Energy Partners collaborates on SMR development in Poland

Laurentis Energy Partners has partnered with ORLEN Synthos Green Energy (OSGE) to advance small modular reactor (SMR) development in Poland.  The collaboration focuses on preparing the Preliminary Safety Analysis Report (PSAR), a critical document...

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Power Sector News Roundup for June 16, 2026

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