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

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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 partnership, Ørsted and PGE will be responsible for the entire project, including offshore transmission and substations. The project will feature 107 Siemens Gamesa 14 MW-222 turbines, with installation services from Cadeler and…

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PG&E secures $15bn loan guarantee for Project Polaris

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Pacific Gas & Electric (PG&E) has secured a record $15 billion loan guarantee from the US Department of Energy (DOE).  The loan guarantee, the largest in the history of the DOE’s Loan Programs Office, will enable PG&E to expand hydropower generation, battery storage, upgrade transmission capacity with reconductoring and grid-enhancing technologies, and establish virtual power plants across Northern and Central California. These investments aim to meet growing power demand, increase electric reliability, and reduce costs…

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US DoE offers $15 billion loan commitment to PG&E

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The US Department of Energy (DoE) has provided a conditional commitment for a $15 billion loan to California-based electric utility PG&E.  If finalized by the DoE’s Loan Programs Office (LPO), the loan will support multiple energy projects in California and strengthen the state’s energy infrastructure, helping achieve both federal and state climate goals. The upgrades will include advanced sensors, telemetry, and controls to support two-way power flow, enhancing grid resilience during extreme weather events like…