Author: Anela Dokso

ORIX Corporation has signed a framework agreement for the partial acquisition of shares in Greenko Energy, a company undertaking renewable energy business in India. Going forward, ORIX aims to execute definitive agreements and completion of the transaction by the end of the year subject to investment committee approval after completing due diligence and other legal procedures required. In addition to acquiring Greenko’s issued shares from the founders’ group, ORIX will integrate its entire wind power generation business in India into Greenko in exchange for Greenko’s new shares. Through this plan, ORIX will acquire more than 20 percent of Greenko’s issued…

Australia and Germany have signed an agreement for a joint feasibility study to investigate the supply chain between the two countries on hydrogen produced from renewable energy. The joint feasability study will span production, storage, transport and use of renewable hydrogen. It will also assess current technology and research, and identify barriers for the development of a hydrogen industry. Minister for Resources, Water and Northern Australia Keith Pitt and Minister for Trade, Tourism and Investment Simon Birmingham have signed a joint declaration of intent with Germany’s Minister for Education and Research Anja Karliczek to carry out the study. The Australian…

Snam and Saipem have signed a Memorandum of Understanding (MoU) to start working together on new energy transition technologies, from green hydrogen to capturing and reusing CO2, with the aim of fighting climate change and contributing to the launch of the hydrogen market, supporting the European Commission’s Hydrogen Strategy. The aim of this agreement is to jointly define and develop initiatives for green hydrogen production and transport, and for carbon dioxide capture, transport and reuse or storage (CCS and CCU). Snam and Saipem have already started working together, focusing in particular on developing the technology of water electrolysis, a process…

Loop Industries and SUEZ plan to build the first Infinite Loop recycling facility in Europe. Based on enhanced recycling, the partnership will combine the resource management expertise of SUEZ and Loop’s unique breakthrough technology for the production of virgin quality, food grade, 100% recycled and infinitely recyclable plastic. Located in Europe, the new facility will offer a sustainable and truly needed solution to global consumer goods companies. Loop’s patented and proprietary low-energy technology enables waste plastic to be recycled an infinite number of times, with no degradation in quality. Combined with the expertise of SUEZ, the Infinite Loop facility will…

Wind turbines construction is moving forward at Enel Russia’s Azov wind farm, which is located in the country’s Rostov region. This follows the installation of the foundations at the wind farm. The wind farm consists of 26 turbines (covering a total area of 133 hectares) with a capacity of approximately 3.5 MW each. The wind turbines are the final stage in the construction of a wind farm. Next comes commissioning and the subsequent supply of electricity to the grid. The construction of wind turbines is being carried out by Russian and international specialists from Enel Green Power, the Enel global…

ACF Renewable Energy, a subsidiary of ACWA Power has completed a sale of its 100% stake in ACWA Power Karad, owner of the 60.4 MWp Karadzhalovo photovoltaic (PV) power plant in Bulgaria to Enery Development, an Austrian investor and project developer in the renewable energy sector. Furthermore, ACWA Power’s subsidiary NOMAC, has also completed the sale of its 100% stake in NOMAC Bulgaria, a company providing Operations & Maintenance (O&M) services to the ACWA Power Karad plant, to Enery Development for an undisclosed consideration. Both transactions follow the signing of a binding agreement back in December 2019 and constitute the…

ENGIE and ArianeGroup have signed a cooperation agreement in the field of renewable liquid hydrogen to speed up the decarbonization of heavy-duty and long-distance transportation. Renewable liquid hydrogen is a zero-emissions alternative to fossil fuels and an answer to the specific storage and endurance requirements of sectors such as maritime and rail transport and aviation. ENGIE and ArianeGroup will develop and test optimized liquefaction technology with the development of a hydrogen liquefier at ArianeGroup’s industrial facility in Vernon (France) and then develop a range of products and services on the liquid hydrogen line, primarily for maritime and inland waterway applications.…

8minute Solar Energy (8minute) has executed a 15-year power purchase agreement (PPA) with Clean Power Alliance (CPA). The 400-megawatt (300 MWac) Rexford 1 Solar & Storage Center in Tulare County includes 180 MW/540 megawatt-hours (MWh) of energy storage, which means it will reliably deliver renewable energy to the grid day or night or on cloudy days. When it becomes operational in 2023, Rexford will provide enough energy for over 370,000 Californians, making it not only the largest solar-plus-storage project for CPA, but also the largest for any community choice aggregator (CCA) to date. The plant will offset about 600,000 tonnes…

D. E. Shaw Renewable Investments (DESRI) has signed power purchase agreements (PPAs) for the Rocket and Horseshoe Solar projects in Utah. The projects, expected to total 155 MWac, will support Facebook’s Eagle Mountain Data Center, through PPAs with Rocky Mountain Power. Both projects are owned and being developed by DESRI. Rocket Solar is an 80 MWac solar facility to be built outside of Corinne in Box Elder County, Utah. Horseshoe Solar is a 75 MWac solar facility to be built outside of Grantsville in Tooele County, Utah. Both projects are scheduled to begin operations in 2022 to supply clean solar…

Ørsted has appointed Mads Nipper as CEO and group president as of 1 January 2021. Mads Nipper is currently CEO and group president at Grundfos. The appointment follows the decision by Henrik Poulsen to resign from his position and step down as CEO of Ørsted no later than 31 January 2021. “On behalf of the board, I’m very pleased to announce Mads Nipper as Ørsted’s next CEO. Anchored in a clear sustainability vision, Mads has led a highly successful transformation of Grundfos over the past six years that has reinforced the company’s position in an increasingly competitive market, while also…