German energy company RWE has agreed to sell a 51% stake in four of its onshore wind farms in Texas with a combined capacity of 861MW to a subsidiary of Canadian electric utility Algonquin Power & Utilities for nearly $600 million. The wind farms involved in the deal are the operating 201MW Stella Wind Farm […]
RWE, a leading German multinational energy company, has awarded Van Oord, a prominent Dutch maritime contracting company, the engineering, procurement, construction, and installation (EPCI) contract for the monopile foundations and array cables of the 1.4 GW Sofia Offshore Wind Farm. Located in the UK waters of the North Sea, the Sofia wind farm, formerly known […]
Atlantic Shores Offshore Wind, a 50-50 partnership between EDF Renewables North America and Shell New Energies US, has submitted a proposal to the New Jersey Board of Public Utilities. The proposal is part of the state’s second solicitation, which seeks to award between 1,200 MW and 2,400 MW of offshore wind energy projects. Atlantic Shores […]
The Nysäter wind project, located in Sundsvall, Västernorrland County, Sweden, has achieved a major milestone. The first of its 21 turbines, recently installed, has been successfully connected to the power grid and has commenced electricity production. This marks an important step towards the completion of one of the largest onshore wind farms in Sweden and […]
Southern Company’s Alabama Power has chosen a Mitsubishi Power JAC power island for a new 720MW combined cycle unit at its James M. Barry Electric Generating Plant (Plant Barry) in Alabama. Plant Barry, which is located in Mobile County, is a coal- and natural gas-fired electrical generation facility that has been operating since 1954. The […]
Britishvolt, an electric vehicle battery startup, has finalized a site in Blyth, Northumberland in the North East of England to build a battery gigafactory with an investment of £2.6 billion ($3.5 billion). The company said that it has secured exclusive rights to the site and plans to start construction in Summer 2021. The battery gigafactory […]
Russian oil company Gazprom Neft and Royal Dutch Shell have completed a deal to set up a joint venture (JV) for studying and developing the onshore Leskinsky and Pukhutsyayakhsky blocks on the Gydan Peninsula in Siberia, Russia. As per the terms of the transaction, both the companies will hold a 50% interest in the charter capital […]
Cenovus Energy has completed the previously announced CAD100 million ($78.2 million) sale of its Marten Hills oil assets in Alberta, Canada to rival Canadian oil and gas company Headwater Exploration. As per the deal announced last month, Headwater Exploration paid Cenovus Energy CAD35 million in cash, while issuing 50 million of its common shares plus […]
Pacific Gas and Electric Company (PG&E), a California-based gas and electric utility, has put up its Pleasant Creek natural gas storage field in Yolo County, California, for sale. The Pleasant Creek storage field is partly located in the city of Winters and also in Yolo County. It was discovered by a previous owner and was […]
Togetherall, an online mental health platform, has bagged a $10 million investment from FPE Capital, a specialist growth private equity investor. Launched in 2007 as Big White Wall, Togetherall is a free online peer-to-peer support service that offers a population based, clinically managed online community to support people having mild to moderate anxiety and depression. These people […]