Ares Management (Ares) has announced the establishment of a joint venture (JV) named Tango in collaboration with Savion Equity, a subsidiary of Shell. This JV will oversee 496MW of solar projects developed by Savion across Ohio, Kentucky, Oklahoma and Indiana in the US. The formation of this partnership is part of Shell’s strategy to develop...
The big oil and gas (O&G) industry players are relatively new entrants into the renewable energy world but are making serious moves into areas such as solar. In fact, solar power systems have become an essential addition to many remote O&G operations, providing a useful clean energy source for critical infrastructure. Renewable power generation is...
Chinese Premier Li Qiang announced the construction commencement of a hydropower project in the lower reaches of the Yarlung Zangbo River. A ground-breaking ceremony was held in Nyingchi City, located in the Xizang autonomous region of southwest China, as reported by state news agency Xinhua. The project is being built with a total estimated investment of...
Google has announced the signing of a power purchase agreement (PPA) with Copenhagen Infrastructure Partners (CIP) to procure renewable energy from the upcoming Fengmiao 1 wind farm in Taiwan. The agreement marks Google’s first offshore wind PPA in Taiwan and the Asia-Pacific region. It will enable Google to secure cost-effective and carbon-free electricity to meet the...
US President Donald Trump has issued an executive order to enhance the reliability and security of the country’s electric grid amid rising electricity demand. The surge in demand is driven by rapid technological advancements, which include the expansion of AI data centers and increased domestic manufacturing. The swift advancements, combined with ongoing supply difficulties, have...
The UK government has shortlisted 27 hydrogen-powered projects in its second Hydrogen Allocation Round (HAR2). The selected projects will boost low-carbon hydrogen production within the UK. The initiative is part of the government’s Plan for Change and aims to cut carbon emissions while creating thousands of jobs. The UK’s hydrogen sector has the potential to...
The former Homer City generating station in the US state of Pennsylvania, once the state’s largest coal-burning power plant, is to be redeveloped into a 4.5GW natural gas-powered power plant named Homer City Energy Campus. Developed by Homer City Redevelopment, the project will support the rising power demand from AI and high-performance computing sectors. With...
Gilkes Energy has received Section 36 planning consent from the Scottish government’s Energy Consents Unit for its Earba storage project, a pumped storage hydro (PSH) initiative at Loch Earba. With an installed capacity of 1.8GW and a storage capacity of 40 gigawatt hours (GWh), it will become the largest PSH project in the UK, capable...
Bp is seeking to sell a 50% stake in its solar unit, Lightsource bp, to a strategic partner, aiming for cash and future investment commitments. The move is part of bp’s broader strategy to address investor concerns, reduce costs and boost returns on investments, as reported by Reuters. bp has faced pressure from investors such as...
Amazon and Google have pledged to back the objective of a three-fold minimum increase in global nuclear energy capacity by 2050. Shale company Occidental and Japanese heavy equipment manufacturer IHI have also pledged their support, as reported by Reuters. The World Nuclear Association (WNA), the organisation that facilitated the pledge, anticipates additional backing in the coming...
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