Author: Anela Dokso

Enel, an energy utility company, intends to accelerate the energy transition, alongside sustainable and profitable growth to create significant value shared with all stakeholders. The group expects to mobilize investments of €190 billion in the 2021-2030 period, boosting decarbonization, electrification of consumption and platforms to create sustainable shared value for all stakeholders and profitability over the medium and long term. Enel Group implements two business models: the traditional one, called “Ownership”, where digital platforms are a business enhancer supporting investment profitability, and the “Stewardship” model, which catalyzes third-party investments in partnership with Enel or where platforms are a business generator.…

Boralex’s subsidiary, Boralex US Solar CIA, has entered into binding agreements with Centaurus Renewable Energy (CRE) and other investors to acquire their controlling interests in seven solar plants, located in the United States, for a purchase price of $216.5 million. CRE and other investors will retain certain non-controlling interests in the assets resulting in total net installed capacity to Boralex of 118 MWac. The operating solar plants totaling 209 MWac of gross installed capacity, located in the City of Five Points, the City of Huron, Kettleman City, the City of Lancaster and the City of Newman, California; Chambers County, Alabama;…

NKT has entered into a Preferred Supplier Agreement (PSA) as main contractor for delivery and installation of high-voltage DC on- and offshore export cable systems to an European offshore wind farm. The potential order for NKT will comprise the manufacture and delivery of more than 500 km total production length of 320 kV DC offshore export power cables, accessories as well as installation by the cable-laying vessel NKT Victoria. For NKT, the order is expected to have an estimated contract value of above €250 million in market prices, equivalent to approximately €200 million in standard metal prices. A firm order…

Ocean Power Technologies (OPT) has appointed Jorge Franc as regional sales representative based in Spain. Reporting to OPT vice president, global sales Jeff Wiener, Franco will concentrate on opportunities in Southern Europe. “Southern Europe offers opportunities for OPT’s offshore power and communications solutions, particularly in the oil and gas industry. Jorge has significant relationships within leading companies operating in the region, and we believe his experience will be beneficial to serving OPT’s existing and prospective customers. We are excited to have him represent our solutions.”George H. Kirby, president and CEO of OPT. Franco was most recently global account vice president…

TenneT has joined six other European transmission system operators (TSOs) in an open letter to suppliers and service providers in the energy industry calling for sustainable products and solutions in this market. The goal is to enable the purchasing departments of the TSOs to make “greener” purchases in the future. “As TSOs, we are at the centre of the energy transition by our societies and economies with the goal of creating a more sustainable and carbon-free world,” write the signers REN (Portugal), RED (Spain), Terna (Italy), national grid (Great Britain), elia group (Belgium) and Rte (France) as well as TenneT…

NoviOcean, a developer of wave power, has secured SEK 900K funding from Vinnova for the “Innovative Startups phase 2” programme. With Vinnova’s support, NoviOcean will be able to further improve the design and function of its prototype wave energy converter (WEC) unit – NO1. Furthermore, the company will also evaluate and connect with future potential suppliers as well as update its IP strategies and business plan. “Moreover, a critical aspect of our work during the “Innovative Startups phase 2” project will be to focus on deepening our understanding of the market needs and improving our cost estimates. We will also…

Capital Dynamics’s Clean Energy Infrastructure (CEI) business has completed the acquisition of three solar photovoltaic (PV) projects from LS Power. Simultaneously, CEI completed the placement of over $400 million in long-term, fixed-rate notes with top-tier institutional investors. The portfolio comprises 316 megawatts (MWdc) of operating solar resources located in California, Arizona, and Delaware. Each project utilizes commercially proven and efficient technology and is fully contracted under long-term power purchase agreements. The projects achieved commercial operations between 2011 and 2014. The portfolio includes 100% interest in Centinela Solar Energy, 252 MWdc located in Imperial County, California; 30% interest in Arlington Valley…

Fugro has completed a large site characterization field programme off the coast of Massachusetts for Mayflower Wind, a joint venture between Shell New Energies and Ocean Winds-the global offshore wind collaboration of Engie and EDP Renewables. The 6‑month programme involved comprehensive, high‑resolution Geo‑data acquisition within the project’s 520 km2 lease area and along the export cable routes. These data will support permitting, design and installation of the proposed wind farm, which could generate up to 800 MW of renewable energy for over half a million homes. Fugro’s work on the project began in April and comprised four vessels and one…

Savion has reached a definitive agreement to sell the Westmoreland solar project in Westmoreland County, Virginia. Falck Renewables North America and Eni New Energy US, through Novis Renewables Holdings (Novis), a partnership with 51% and 49% shares respectively, signed an agreement with Savion to acquire the ready-to-build 30 MWdc (20 MWac) project. The solar facility planned for Westmoreland County is one of three Virginia projects developed by Savion, resulting in 115 MW of solar power and a total investment in excess of $150 million. In February, Savion signed a 20 MWac power purchase agreement (PPA) with Dominion Energy Virginia for…

Wärtsilä has been selected to supply the engines and related emissions control after-treatment systems for two new passenger ferries being built for operation between Switzerland and France across Lake Geneva. The ferries are being built at the Shiptec yard in Switzerland for General Navigation Company (CGN), a Swiss ferry operator based in Lausanne. The high-speed Wärtsilä 14 engines chosen for this project are compliant with the stringent EU Stage V emissions standard for inland waterway vessels, which came into force in the EU earlier this year. The 60 meters long, 700 passenger capacity vessels will feature advanced hybrid energy and…