Author: Anela Dokso

Baker Hughes is acquiring Compact Carbon Capture (3C), a pioneering technology development company specializing in carbon capture solutions. The acquisition underpins Baker Hughes’ strategic commitment to lead in the energy transition by providing decarbonization solutions for carbon-intensive industries, including oil and gas and broader industrial operations. The advancement of carbon capture technology solutions is widely considered critical to delivering the additional CO2 emissions reduction needed to meet global 2050 climate targets. In the energy and industrial sectors, carbon capture technology is among the most viable decarbonization paths for both retrofitting existing assets as well as for greenfield projects. 3C’s technology…

NextEra Energy has entered into agreements with sell a 90% interest in a 1,000 megawatt (MW) portfolio of long-term contracted renewables assets and a 100% interest in a 100MW solar-plus-storage project for approximately $1.3 billion in total proceeds. The portfolio is being acquired by NextEra Energy Partners and a consortium of private infrastructure investors led by KKR in two separate transactions. The sale proceeds are expected to be redeployed into new wind, solar and battery storage growth opportunities, including NextEra Energy Resources’ more than 15,000-MW renewables backlog. Over the operating life of the assets, NextEra Energy Resources is expected to…

Aker Offshore Wind has been awarded a grant from Enova, Norway’s innovation fund for environmentally friendly technologies, for a pre-project that aims to reduce costs and increase maturity in technical segments of offshore floating wind. The overall objective is to better understand how technical solutions can enable use and development of a Norwegian supply chain and drive down costs over time. “Today’s solutions are mature enough to move from the pilot phase to the development of industrial-scale projects. At the same time, the market for floating offshore wind is in an early phase and we continue to innovate and explore…

Leading energy company Eni is joining Ocean Energy Europe, taking up a seat on the board of directors as a lead partner. Vincenzo Michetti, Eni’s head of Upstream R&D will represent the company on the board. With over three decades of experience at Eni, Michetti brings his expertise in international energy production to bear in the exciting new area of ocean energy. Headquartered in Italy, Eni is a global, integrated energy company working in 66 countries around the world. After a long history of activity, predominantly in the oil & gas sector, the company has, over the last six years,…

Ukrainian company WindFarm and the Сhinese company POWERCHINA have concluded a contract on joint implementation of 800MW wind power plant in Manhushskyy and Nikolskyy districts of Donetsk region. With total project value exceeding $1 billion, 800 MW wind farms has become the largest one in Ukraine. “For me, It is a great honor that both companies – WindFarm and POWERCHINA – are real members of the Ukrainian Wind Energy Association, which is an effective platform for strengthening business networks between our members. Both companies have extensive experience in implementing wind energy projects, so this project is bound to succeed. I’d…

XSD International Paper (XSD) has entered into a power purchase agreement (PPA) with NEFIN Group. The project will see NEFIN building a solar PV system that consists of approximately 21,000 solar PV panels that will collectively generate over 13.5 million kWh clean energy and off-setting approximately 9369 tons carbon emissions annually. The construction of the project is expected to be completed by Q3 of 2021. “Sustainability has been a vital focus for our business as we move towards “Green Papermaking” and the recycling economy. We have built a value chain that employs a closed-loop system, emphasizing on reuse, remanufacture, and…

The green hydrogen industry has been boosted with a new alliance between Iberdrola and Fertiberia, which seeks to turn Spain into an industrial leader of a technology that will be fundamental to delivering climate neutrality. The partnership could see the installation of 800 MW of green hydrogen production capacity, with € 1.8 billion investment over seven years. In the next year the partners will commission their first plant in Puertollano, becoming Europe’s largest green hydrogen complex for industrial use. The partnership includes plans to develop three additional projects between 2023 and 2027, in the Fertiberia plants of Puertollano (Ciudad Real)…

The floating wind turbine Nezzy², being tested jointly by the north German company aerondyn engineering and EnBW, has passed its two-month test in the Bay of Greifswald. The 18-metre-tall prototype built on a 1:10 scale consists of two wind turbines on a floating platform. In the Bay of Greifswald, 180 sensors were used in 30 different measurements to establish how Nezzy² behaves when exposed to different wind directions and speeds as well as wave heights and directions. Scaled up to the later true size of Nezzy², the wave and wind conditions were equivalent to a category four to five hurricane…

Cypress Creek Renewables has completed a tax equity buyout and refinancing of project-level debt for 92 megawatts (MW) of its solar energy portfolio across North Carolina, making Cypress Creek the sole owner of these projects. BNP Paribas acted as the primary lender and lead arranger for the transaction. In the renewable energy industry, project sponsors are typically afforded an opportunity to purchase the equity interests held by tax equity investors in projects after the first five years of operations. This is the first such tax equity buyout transaction Cypress Creek has completed to date, and the company plans to pursue…

Alliant Energy has introduced the Clean Energy Blueprint for Iowa, a path for accelerating their transition to cleaner energy for customers. The Blueprint outlines the company’s plans to increase the use of renewable resources, including solar power, add more battery storage and build out the connected energy network. The company’s new roadmap also includes plans to discontinue coal generation in Lansing by the end of 2022 while transitioning their Burlington Generating Station to natural gas in 2021. The Clean Energy Blueprint is part of the company’s Powering What’s Next plan, which is guided by the Clean Energy Vision and purpose-driven…