Top News
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A stalled bill to extend tax breaks for data centres in Michigan has been touted as the bellwether for a co-generation comeback.
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As the Lone Star State begins to face the climbing summer temperatures, intense weather events, specifically Winter Storm Uri, remain at the top of Texans' minds.
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Clean hydrogen projects across the US are generating enormous interest but many struggle to reach bankability as many risks, such as technology, supply chain, regulation and offtake, are halting progress.
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The US has raised tariffs on a host of imported goods from China, including solar panels, batteries and EVs.
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Brazil is already the leader in the energy transition. The country’s power matrix stands out in its composition with close to 90% coming from renewable sources including hydroelectricity. Yet, growth opportunities remain vast in the renewable sector and beyond. According to the Brazilian Association of Infrastructure and Base Industries (ABDIB), Brazil is looking to bridge a $50 billion a year gap in infrastructure investments.
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Patent infringement lawsuits are becoming commonplace in the renewable energy sector as manufacturers look to take advantage of the US’ lucrative tax credit regime.
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Renewables developers are readying themselves for more supply chain disruption as additional tariffs on China-made panels are under consideration from the US government.
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International capital is heading to US renewables at what many in the space are calling “record breaking” pace.
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Ørsted, Avangrid, and Vineyard Offshore among bidders of the 6GW to Massachusetts, Connecticut, and Rhode Island for the states' combined New England auction.
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The Department of Energy's (DOE) Loan Programs Office (LPO) has awarded energy equipment supplier Holtec $1.52 billion to restore its 800MW Palisades nuclear-generating station in Michigan.
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Already one of the cleanest energy mixes in the world, Latin American policy makers continue to push for ambitious net-zero targets. Renewables already generate 60% of the region’s electricity, twice the global average, with no shortage of sponsors looking to take advantage of some of the globe’s best renewables resources.
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Vistra Corporation has closed on the sale of the Richland and Stryker power plants to Rockland Capital, one of the final puzzle pieces in the closing of its $6.3 billion merger with Energy Harbor.
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Canadian pipeline and energy company Enbridge has closed on its acquisition of Dominion Energy’s East Ohio Gas Company (EOG) for $6.6 billion.
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The largest clean energy infrastructure project in US history was closed just before we started the new year. Pattern Energy inked $11 billion in financing for its 500+ mile transmission line connecting more than 3.5GW of stranded wind resources – SunZia.
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Germany-headquartered global asset management group IKAV and asset manager Canadian Plan Pension Investment Board (CPPIB) will each obtain at least 10% stake in California Resources Corporation from owners BlackRock and Vanguard Group.
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Electricity and power generation company Vistra has received approval from the Federal Energy Regulatory Commission (FERC) to acquire Energy Harbor. It is the final approval needed in a $6.3 billion merger that will rebrand Vistra as renewables mega firm Vistra Vision.
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California Resources Corporation will combine with Aera Energy in an all-stock transaction valuing Aera around $2.1 billion.
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Vesper Energy has closed $590 million in financing for its 600MW Hornet Solar project.
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United Power is to buy its transmission facilities, contracts, and assets, from Tri-State Generation and Transmission Association (Tri-State) for $75million in a transaction critical for the utility's split from the electric cooperative, PFR has learned.
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Updated to include:
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Large nuclear plants may overtake previously trending small modular reactors (SMRs) in the market as both private and federal funds are zeroing in on the sector to meet ever-growing grid demand.
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The renewable energy sector in Chile continued to feel market disruptions in 2023 forcing many financial reorganizations and restructurings throughout the year.
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BlackRock has agreed to acquire Global Infrastructure Partners (GIP) for about $12.5 billion in cash and stock, in a move that further consolidates the infrastructure fund market.
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Despite renewables grabbing the headlines, emergency weather situations and the increased energy demand in cities with rapidly rising populations have been catalysts for a “gas renaissance” in the M&A power space.
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PNM Resources and Avangrid have terminated their $4.3 billion merger agreement.
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Blackstone Infrastructure Partners subsidiary BIP Blue Buyer has completed its $2.16 billion acquisition of a 19.9% equity stake in NIPSCO.
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Battery energy storage systems (BESS) took another step into the renewables mainstream when Broad Reach's BESS portfolio was agreed to be sold for more than $1 billion back in August.
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The past year has brought rough seas to the offshore wind sector. While the industry has faced many challenges, from politicians to tax credit guidelines, the key economic burden on these projects is, by far, the power purchase agreement (PPA) gap.
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Although an issue facing the whole energy sector, transmission and grid connectivity for the offshore wind industry has reached a whole new level of complexity.
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German-based energy giant RWE will continue its €55 billion ($60.2 billion) Growing Green initiative – investing in renewable energy, batteries, flexible generation and hydrogen – with an estimated €20 billion ($21.9 billion) to be allocated to future US investments by 2030.
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