Atlantica Sustainable Infrastructure has signed an agreement to acquire Coso Geothermal Power Holdings, the owner of 135MW geothermal power plants in California, for about $170 million. The seller of the geothermal power plants is a consortium of investors comprising Bardin Hill Investment Partners, Avenue Capital, Corre Partners Management, and Voya Financial. Geothermal Power Holdings owns […]
Fortum is partnering with the Russian Direct Investment Fund (RDIF) to construct a 116MW solar power plant project in Kalmykia in Southern Russia. According to the Finnish energy company, the Russian solar power plant will be installed in two phases. The first phase with a capacity of 78MW is scheduled to be commissioned in Q4 […]
Capital Dynamics, a Swiss private asset management firm, has acquired the 50MW Longhill wind farm project in Scotland from Energiekontor, a German renewable energy developer. The financial terms of the deal were not disclosed. Located in West Lothian, the Longhill wind project will be powered by eight Siemens Gamesa wind turbines that can generate 6.25MW […]
GE Renewable Energy has signed an agreement with Luxcara, an asset management company, to deliver turbines for the latter’s 753MW Önusberget wind farm in Sweden. As per the agreement signed in February, GE Renewable Energy will supply 137 of its Cypress 5.5 MW turbines for the onshore wind farm in northern Sweden. Each turbine will […]
Ely Gold Royalties, in February, announced the acquisition of the El Campo project, a heavy rare earth deposit in in California. The Canadian royalty investment company reported the presence of total rare earth oxides (REO) at the project located in San Bernardino County after evaluating nine assayed samples. The El Campo project comprises five contiguous unpatented […]
Danish energy giant Ørsted has entered into a significant partnership with Poland’s leading energy sector company, PGE Polska Grupa Energetyczna S.A. (PGE), to co-develop, construct, and operate two substantial offshore wind projects in the Baltic Sea. The joint venture aims to harness a total potential capacity of up to 2.5 GW from these initiatives. Ørsted […]
Siemens Gamesa Renewable Energy has secured a significant contract with the CrossWind Consortium, a joint venture between Shell Netherlands and Eneco, to supply turbines for the 759 MW Hollandse Kust Noord offshore wind park. This project is poised to play a crucial role in the Netherlands’ ambitious renewable energy strategy. Under the terms of the […]
Repsol Ibereólica Renovables Chile, a joint venture equally owned by Repsol and the Ibereólica Renovables Group, has signed a pivotal 14-year power purchase agreement (PPA) for its Atacama wind farm. This agreement ensures a double-digit profitability for the renewable generation asset, indicating a strong future return on investment for the venture. Located in the municipality […]
Lightsource bp, a prominent US-based solar developer, has significantly expanded its footprint in the Spanish solar market with the acquisition of an 845 megawatt (MW) portfolio from local developer Iberia Solar. While the financial details of the transaction remain undisclosed, the strategic acquisition is part of Lightsource bp’s aggressive expansion in Spain’s renewable energy sector. […]
Italian contactor Saipem has secured a €460 million worth contract for the foundations of the 450MW Courseulles-sur-Mer Offshore Wind Farm in Normandy, France from Eoliennes Offshore du Calvados (EODC). Subject to a ‘notice to proceed, the contract is also dependent on a positive final investment decision made by EODC. Under the contract, Saipem will be […]