Consolidated Edison, Inc. (more commonly known as Con Edison) has announced that one of its subsidiaries has agreed to acquire 981 MW AC of operating renewable energy generation projects from a subsidiary of Sempra Energy. The purchase price is US$1.54 billion (subject to closing adjustments, including working capital).
Energy Storage News
SIMEC ZEN Energy, a subsidiary of British conglomerate GFG Alliance, has launched a US$1 billion investment plan to install 1 GW dispatchable renewable energy in South Australia.
The SUSI Energy Storage Fund (SESF) has reached the final closure having received capital commitments of €252 million (US$292,62 million) from institutional investors in Germany, the Netherlands, Austria, Sweden and Switzerland.
The Puerto Rico Public-Private Partnerships Authority in collaboration with the Puerto Rico Electric Power Authority (PREPA), will begin the selection process for a public-private partnership with a private company.
KGAL has announced the second closing of its Enhanced Sustainable Power Fund (ESPF) 4. Five European investors have committed EUR127 million (US$154.01 million) to the renewable energy fund, bringing the total equity raised to EUR382 million (US$463.24 million).
Lebanon’s Center for Energy Conservation (LCEC) has issued a Request for Expresions of Interest (RFEOI) for the design, development, financing, construction and operation of photovoltaic parks with between 210 MWp and 300 MWp capacity and battery storage, at various locations throughout Lebanon as selected by the developers.
The Public Investment Fund of Saudi Arabia (PIF) has signed a non-binding Memorandum of Understanding (MoU) with SoftBank's Vision Fund LP (SBVF) to create the New Solar Energy Plan 2030, which envisions the development of between 150 GW and 200 GW solar power generation capacity in Saudi Arabia by 2030.
Neoen has secured project financing for the Bulgana Green Power Hub project, a 194MW wind farm and 20 MW battery storage facility to be constructed near Stawell in Victoria, Australia. The total investment of the project is AUD350 million (US$269.91 million).
The Asian Development Bank (ADB) has signed a loan equivalent of up with US$235 million to B.Grimm Power Public Company Limited, one of the largest power producers in Thailand, to develop and enhance renewable energy capacity in member countries of the Association of Southeast Asian Nations (ASEAN).
Indonesia’s state-owned diversified energy company PT Pertamina and Bangladesh Power Development Board (BPDB) have signed a memorandum of understanding (MoU) to develop an integrated gas project, comprising of a combined cycle gas turbine (CCGT) power plant with installed capacity of 1400 MW and a floating, storage and regasification unit (FSRU). The estimated total investment is US$2 billion.
Cory Riverside Energy has revealed ambitious plans to build an integrated, low-carbon energy park at its site in Belvedere, south-east London.
Saudi Arabia’s Public Investment Fund (PIF), has signed a Memorandum of Understanding (MoU) with SoftBank Vision Fund (SBVF) to jointly fund the development of 3 GW of solar photovoltaic and storage capacity in Saudi Arabia.
Powin Energy Closes Project Financing from Brookfield Renewable for its Stratford Energy Storage System
Powin Energy Corporation has secured construction to term project financing from renewable power company Brookfield Renewable Partners for its 8.8 MW/40.8 MWh Stratford Energy Storage Project in Stratford, Ontario, Canada
SUSI Energy Efficiency Fund has closed its second transaction in the Spanish market financing a public energy efficient lighting agreement signed between the Spanish energy service company Rubatec and the municipality of Calafell, near Barcelona (Spain).
A new large-scale battery, will be built in South Australia with support from the Australian Renewable Energy Agency (ARENA).
The State Government of South Australia is calling for expressions of interest (EOI) from businesses interested in accessing a share of a AUD150 million (US$119 million) Renewable Technology Fund (RTF).
The Queensland Government’s auction for 400MW of large-scale renewable energy generation and storage has attracted interest from more than 200 business, including project developers, investors and local small businesses.
RES (Renewable Energy Systems) has announced the acquisition of its 20MW energy storage project in Broxburn, West Lothian, by The Renewables Infrastructure Group (TRIG), a London-listed investment company advised by InfraRed Capital Partners.
Cypress Creek Renewables has announced its collaboration with United Renewable Energy to co-develop a series of 12 solar-plus-storage projects with Brunswick Electric Membership Corporation (EMC) in North Carolina.
The European Investment Bank (EIB) may provide finance to Gambia’s National Water and Electricity Company for a solar power-plus-storage and grid upgrade project in the country.