Author: Anela Dokso

Canadian Solar has agreed to a RMB 1.78 billion (approximately $260 million) capital raising for its Module and System Solutions (MSS) subsidiary, CSI Solar. This capital raising is an important step for CSI Solar to qualify for the planned carve-out IPO in China, and brings in leading institutional investors and strategic partners, including CDH Investment Management Company and SIP Oriza PE Fund Management, among others. The Third-Party Investors have agreed to purchase existing CSI Solar shares from the company for an aggregate of RMB 1.50 billion ($219 million) at an equity valuation of RMB 7.50 billion ($1.1 billion). At the…

Vestas has received a 40 MW order from Eurowind Energy, a developer and operator of sustainable energy projects for three wind parks in Poland. The three projects are developed through Eurowind Energy’s joint venture in Poland E&W project. Located in the Wagrowiec, Oborniki and Wyrzysk provinces in the north-western part of the country, the projects will consist of V100-2.0 MW wind turbines combined with 120m towers and long-term service contracts, maximizing power production while at the same time offering competitive levelized cost of energy. Earlier this quarter, Vestas secured more than 1.5 GW of wind projects in Poland since the…

Vestas, energy industry’s global partner on sustainable energy solutions, has received new turbine orders in the USA. The first is a 184 MW order of V120-2.2 MW and V110-2.2 MW wind turbines in the USA. The order includes supply and commissioning of the turbines as well as a multi-year service agreement. The second order is a 185 MW order of V150-4.2 MW turbines in 4.3 MW Power Optimized Mode. The order includes supply and commissioning of the turbines as well as a 20-year service agreement, designed to ensure optimized performance for the lifetime of the project. Turbine delivery for both…

Hybrid systems of floating solar panels and hydropower plants may hold the technical potential to produce a significant portion of the electricity generated annually across the globe, according to an analysis by researchers at the U.S. Department of Energy’s National Renewable Energy Laboratory (NREL). The researchers estimate that adding floating solar panels to bodies of water that are already home to hydropower stations could produce as much as 7.6 terawatts of potential power a year from the solar PV systems alone, or about 10,600 terawatt-hours of potential annual generation. Those figures do not include the amount generated from hydropower. For comparison,…

Vestas has secured a 28 MW order from the AM Energie Rinnovabili for the Serra del Vento project, located in the Palermo province, Italy. The order includes the supply and installation of eight V136-3.45 MW wind turbines as well as a 20-year Active Output Management 5000 (AOM 5000) service agreement. This order adds to the more than 1.1 GW of contracts signed by Vestas in Italy’s auction system. The order also reinforces Vestas’ leadership in the country’s wind energy sector, where it has installed more than 4.3 GW since 1991, accounting for a 40 percent market share. “I would like…

Helios Infrastructure (Helios), a joint venture between Nationwide and Sol Systems, has acquired the largest solar power project in Louisiana. The 50-megawatt (MW) system is located in West Baton Rouge Parish, and it is now owned and operated by Helios. This acquisition marks the largest single project investment for Helios to date. Entergy Louisiana is purchasing the energy produced by the project through a 20-year power purchase agreement. “This is an important day for Nationwide as this project is a continuation of our broader effort, focused on ESG-related investments. Sourcing projects that focus on clean energy and a sustainable future…

Walmart Canada is extending its reservations of 18-wheeler Tesla Semi trucks as it drives towards its commitment to alternative power. Walmart Canada is now reserving a total of 130 Tesla Semi trucks, making it one of the largest reservations of electrified trucks in the country. The move comes on the heels of Walmart Canada announcing a major $3.5 billion investment over the next five years aimed to generate significant growth in the business and is aligned with Walmarts global goal to target zero emissions by 2040. Walmart Canada is committed to converting 20 per cent of Walmart’s fleet to electric…

Teesside-based Laytrix has received a funding award for a Front End Engineering Design (FEED) study to investigate the feasibility of using its pipelay concept for carbon capture and storage (CCS) projects. The adaptable and modular system is focused on the use of cost-effective vessels of opportunity resulting in significant savings for the end client. The award, made by the Tees Valley Mayor and Combined Authority under their Collaborative Networks Fund will see Laytrix partner with Darlington based design house Ardmore Craig and an international partner alongside the wider Teesside supply chain to adapt its existing design for CCS projects such…

Swancor Renewable Energy, backed by affiliates of U.S. based Stonepeak Infrastructure Partners, is progressing the development of a 4.4GW portfolio of offshore wind projects in the northwestern territorial waters of Miaoli County. The portfolio would consist of 3 sites: Formosa 4-1, Formosa 4-2 and Formosa 4-3. The sites would cover a large maritime area located 18 to 20 kilometers off the coast of Miaoli County, Taiwan. The three wind farms combined have a total potential capacity of up to 4.4 GW and would generate enough electricity to power over 4.5 million homes. Currently, both bottom-fixed and floating foundations are under…

Alpha has opened a new training centre in Houston after achieving accreditation from the Global Wind Organisation (GWO) to deliver its Basic Safety Training (BST). The base makes the company one of only seven providers accredited to supply the globally recognized GWO training courses in the United States. The approved status will see Alpha, which was acquired by Sparrows Group in 2017, provide training to both individuals and businesses working in the rapidly growing wind energy market in the region. GWO is a non-profit body founded by wind turbine manufacturers and owners. The member-organization sets out common, international standards for…