Wind Power

Novartis announced last week that it signed five virtual power purchase agreements (VPPAs), which are expected to collectively add more than 275 megawatts of clean power to the electrical grid. This move makes Novartis the first pharmaceutical company set to achieve 100% renewable electricity in its European operations through VPPAs. “At Novartis, environmental sustainability is...
Wind Power

The Australian Renewable Energy Agency (ARENA) is supporting a project designed to ensure energy reliability for telecommunications companies. ARENA has issued $341,990 in funding to help Diffuse Energy to demonstrate the effectiveness of its micro wind turbine solution in ensuring power reliability for telcos. As part of a $922,307 project, the startup will install its...
Onshore

GE Renewable Energy announced today that it has been selected by European Energy as the supplier for three windfarms in Lithuania, located about 80 kilometers North of the capital Vilnius. The three wind farms, with a total combined capacity of 121 MW will use 22 GE Cypress onshore wind turbine units, will add 23% of wind power...
Project Development

Two years after construction kicked-off, Kangnas Wind Farm achieved commercial operations on 15 November 2020, making it the first bid window four wind farm, in the Northern Cape, to come online as part of government’s Renewable Energy Independent Power Producer Procurement Programme (REIPPPP). According to a media release, this wind farm will generate enough clean...
Wind Power

Last week, Downing LLP entered into an exclusivity agreement with Cloudberry Clean Energy AS to buy a significant majority interest in a 100-MW nearshore, shallow water wind farm to be built in Lake Vänern in southern Sweden. The transaction is expected to close in the first half of 2021. Cloudberry’s estimated value realization for the...
Wind Power

DNV GL has announced that it has supported CI III Monegros Energy Holdco in refinancing its portfolio of twelve wind farms in Spain. The wind farms have a total capacity of 487.3MW. DNV GL provided technical advisory services to a consortium of six lenders. The aim of the due diligence review provided by DNV GL...
Onshore

EDF Renewables North America and Pedernales Electric Cooperative Inc. (PEC), the largest distribution electric cooperative in the United States, announced the signing of a 15-year Power Purchase Agreement (PPA) for a 100-megawatt (MW) share of the King Creek 1 Wind Project. Located on ranch land in Throckmorton and Haskell Counties, Texas, the King Creek project expects to begin...
Project Development

Scout Clean Energy, a Colorado based renewable energy developer, owner and operator, has completed construction and closed tax equity funding for the 130-Megawatt (MW) Bitter Ridge Wind Farm located in Jay County, Indiana. Scout is a portfolio company of Quinbrook Infrastructure Partners. Scout began greenfield development of Bitter Ridge in 2016 and started construction in...