Spirit Energy, a prominent European exploration and production (E&P) company, has announced a significant extension to the operational life of its wholly owned York gas field, located in the Southern North Sea, approximately 34 kilometers off the North East Yorkshire coast. With an additional investment of £13 million, the York field’s lifespan has been extended […]
In a landmark move for renewable energy, German chemical giant BASF and Danish energy powerhouse Ørsted have inked a 25-year corporate power purchase agreement (CPPA) centered on the Borkum Riffgrund 3 Offshore Wind Farm located in the German North Sea. This significant agreement positions BASF to offtake 186 megawatts from the 900 MW wind farm, […]
Sembcorp Energy (Shanghai) Holding, a subsidiary of Singapore-based Sembcorp Industries, has announced its agreement to purchase a 98% stake in a portfolio of operational wind and solar photovoltaic (PV) assets in China for approximately $520 million (around RMB 3.3 billion). This strategic acquisition from CGN Capital Partners Infrastructure Fund III and its affiliates marks a […]
MPC Energy Solutions (MPCES), a Dutch renewable energy firm, has agreed to acquire the 15.8MW Los Santos Solar I project in Mexico for an undisclosed price. The acquisition marks the foray of MPC Energy Solutions into the Mexican renewable energies market. The company’s footprint is spread over six countries across Latin America and the Caribbean […]
Nordex Group has secured an order to supply 22 wind turbines of the Delta4000 series for the 101MW Ardderroo wind farm in Ireland. The name of the customer, as well as the financial terms of the contract, were not revealed by the German wind turbine manufacturer. Nordex Group will supply and install 15 N149/4.X wind […]
FTC Solar, a US-based utility-scale solar tracking technology provider, has secured a contract to provide solar trackers to a 504MW DC solar and energy storage project located in Maricopa County, Arizona. Under the terms of the contract, FTC Solar will be supplying its Voyager tracker to Moss Solar, which is an engineering, procurement, and construction […]
Wärtsilä has secured two contracts with a combined worth of around €480 million for supplying 22 of its 34DF multi-fuel engines and 24 50DF multi-fuel engines to power plant projects in Latin America. The contracts are part of its Q4/2021 order intake, said the Finnish technology company. According to Wärtsilä, the Latin American power projects […]
360Learning has secured $200 million for its collaborative learning platform from a funding round led by Sumeru Equity Partners, Silver Lake Waterman, and SoftBank Vision Fund 2. Existing investors of the collaborative learning SaaS company, which include Bpifrance Large Venture, Educapital, and XAnge also participated in the financing round, as per an announcement made in […]
ExxonMobil said that it will expand carbon capture and storage (CCS) at its LaBarge facility in Wyoming with an investment of $400 million and in this connection, has begun the process for engineering, procurement, and construction (EPC) contracts, as per an announcement made in late October. According to the US energy giant, the expansion project […]
Voith Group is set to take full ownership of Voith Hydro, after signing a deal to acquire the remaining 35% stake from its joint venture (JV) partner Siemens Energy for an undisclosed price, as per an announcement made in late October. Formerly called Voith Siemens Hydro Power Generation, the joint venture was established in 2000 […]