Amazon and Avangrid, Inc. (NYSE: AGR), a leading sustainable energy company, have announced a new power purchase agreement (PPA) to source renewable energy from a wind farm in Gilliam County, Oregon. The project, called Amazon Wind Farm Oregon – Leaning Juniper IIA, will have a capacity of 98.4 MW and will consist of 40 turbines.…
All posts tagged Renewable energy
Ørsted announces new business plan and leadership change
LONDON: Ørsted, the world’s leading offshore wind developer, has unveiled its updated business plan following a comprehensive portfolio review. The company aims to grow its installed capacity from 12 GW to 50 GW by 2030, with a focus on offshore wind, onshore renewables, and renewable hydrogen. The company also announced that Thomas Thune Andersen, who…
TGS acquires Prediktor
OSLO, NORWAY: TGS ASA, a global provider of energy data and intelligence, has acquired Prediktor AS, a leading provider of asset management and real-time data management solutions to renewable and energy asset owners. Established in 1995, the company has carried out thousands of installations on mission-critical industrial and energy assets on all seven continents, enabling…
Innergex Renewable Energy acquires Aela Energía for $691mn
OSLO, NORWAY: Mainstream Renewable Power and Actis have sold Aela Energía to the Canadian-listed developer Innergex Renewable Energy for USD 691 million. Aela has grown to become Chile’s largest independent power producer of renewable energy, since it was established in 2013 as part of a joint venture between Actis (60 percent) and Mainstream (40 percent).…
Schroders to acquire 75% in Greencoat Capital Holdings for £358mn
LONDON, UK: Schroders plc has reached agreement to acquire a 75% shareholding in Greencoat Capital Holdings Limited for an initial consideration of £358 million. The deal includes a potential earn out, payable three years after completion, which is subject to stretch revenue targets, the continued employment of the senior management team in the Greencoat business…
How Renewable Energy Affect Global Economy
Customers and companies are looking for more cost-effective ways to ramp up renewable electricity generation from wind, solar and hydropower, deploy electric vehicles, charging stations, electrify buildings, and reduce methane from natural gas—a transformation that comes with significant benefits to global energy and the global economy. Still, with these benefits in mind Dr. Joe Nyangon, a…
TotalEnergies to power Amazon’s operations with renewables
PARIS, FRANCE: TotalEnergies has announced a strategic collaboration with Amazon through which TotalEnergies will contribute to Amazon’s commitment to power its operations with 100% renewable energy. Amazon will help TotalEnergies accelerate its digital transformation. This strategic agreement spans both the TotalEnergies and Amazon businesses: Renewable Energy: TotalEnergies and Amazon have signed power purchase agreements (PPAs)…
Kibo Energy to jointly develop 50MW waste to energy projects in South Africa
LONDON: Kibo Energy PLC (LON: KIBO) has entered into an agreement with South Africa-based Industrial Green Solutions (Pty) Ltd (IGES) to jointly develop a portfolio of waste to energy projects in South Africa with an initial target of generating more than 50 megawatts of electricity for sale to industrial users. The Agreement, which is subject…
Voltalia begins construction of a 32MW battery storage power plant in the UK
PARIS: Voltalia announced the launch of the construction of the Hallen Battery Energy Storage System (BESS), a 32-megawatt /32 megawatt-hour storage power plant located near the city of Bristol in the Avonmouth aera. Hallen BESS will contribute to the stability of the UK’s electricity grid, in a context of an increasing transition to the use…
Siemens Gamesa awards upto $120 million contract to Cadeler A/S
OSLO: Siemens Gamesa, a world leading supplier of wind power solutions, has awarded Cadeler A/S a contract of approximately $90 million, with an additional $30 million in options, to transport and install turbines of the SG 14-222 DD model. The turbines are expected to be the largest wind turbines in the world at the time…
NextEnergy Solar Fund acquires 100MWp UK Camden solar PV portfolio for £64.3 million
LONDON, UK: NextEnergy Solar Fund (NESF) announced the acquisition of the UK based Camden solar photovoltaic (PV) portfolio comprising two projects totalling 100MWp for a total consideration of c.£64.3 million. The portfolio is made up of two assets: The Grange: 50MWp on a c.214-acre site, located in Yorkshire, UK; and South Lowfield: 50MWp on a…
TRIG announces acquisition of Grönhult onshore wind farm in Sweden
LONDON: Board of The Renewables Infrastructure Group Limited (TRIG) announced the Company has acquired Grönhult, a 67.2 MW ready-to-build onshore wind farm located in the southwest of Sweden. Grönhult is being acquired from Vattenfall, the leading Swedish utility and a major developer of renewables, who will also manage the construction process. The Project will consist…