The transaction is part of its EUR3 billion asset rotation plan to 2022 The company maintains its renewable energy strategy in the Spanish market, focused on wind, hydroelectric and solar photovoltaic technologies BILBAO, 19-Oct-2018 -- /EuropaWire/ -- Iberdrola has agreed to divest ... Read the full press release -
Scottish Power has ditched fossil fuels for electricity generation and switched to 100% wind power, by selling off its last remaining gas power stations to Drax for more than PS700m.
Duke Energy DUK one of the largest US power companies supplies and delivers energy to approximately 160 7 7 million customers The company operates through its subsidiaries Duke Energy Carolinas LLC Progress Energy Inc Duke Energy Progress LLC Duke Energy Florida LLC.
Southern California Edison is asking regulators for permission to improve clean energy offerings for customers who can't install rooftop solar. The utility connects between 3,000 and 5,000 solar roofs per month, but many of its 15 million customers don't own their homes or have access to a suitable rooftop for solar generation. By the company's own admission, the existing program to serve those residents with community solar didn't work well enough. Drawing on lessons from California and elsewhere, SCE proposed a suite of clean retail offerings in late September, including 100 percent clean energy and a new community renewables option.
Orsted will acquire Deepwater Wind for $510 million, making the Danish wind power giant a leading player in the European competition to capture the fast-growing U.S. offshore wind market. Monday's deal, if approved by regulators, will create a U.S. subsidiary called Orsted North America that has a combined 8.8 gigawatts of projects in development up and down the East Coast. That's a significant share of the 10 gigawatts of offshore wind capacity being planned for the region. Deepwater Wind owns the first U.S. offshore wind farm, the 30-megawatt Block Island farm off the Rhode Island coast, which came online in 2016.
Russian-Chinese Investment Fund Backed UFC Russia Earlier in 2018, the Russian-Chinese Investment Fund invested in UFC Russia for the development of the sport in Russia and the promotion of Russian athletes abroad. BVK Awards Large Austrian Mandate to Signa Financial Bayerische Versorgungskammer (BVK) allocated up to EUR1 billion in capital toward developing a portfolio of [...]
The latest regulatory approval takes the proposed merger between Vectren and CenterPoint Energy one step closer towards its completion. According to the deal signed in April 2018, Vectren The post US FERC approves $6bn CenterPoint Energy merger with Vectren appeared first on Compelo Energy.
PJM, the country's biggest grid operator, has filed a plan for remaking its capacity markets. The plan would put state-subsidized wind, solar or nuclear power plants in a separate class from other resources to meet the terms of a controversial Federal Energy Regulatory Commission order from June. PJM's plan is drawing fire from clean energy advocates who say it will increase energy costs by billions of dollars a year in payments to uncompetitive and redundant fossil-fuel-fired power plants.
Safeguard duties, a lack of long-term buyers and inefficient cost structures are all holding back Modi's ambitious plan. : The national solar mission target looks doubtful as policy uncertainty takes its toll on investor sentiments. The reluctance of state-owned utilities to sign long-term contracts to buy costlier solar energy is not helping the matter either. India has envisaged adding 1 lakh MW (megawatt) solar power capacity by 2022. Against that, it has added a little over 23,000 MW so far. The initial pace of solar capacity addition was quicker than expected thanks to cheaper imports of equipment.
The energy regulator will allow National Grid to pass on the costs of upgrading a major North Sea gas pipeline in Yorkshire to consumers, reversing its previous stance, after it emerged the country's security could be at risk if nothing is done. Ofgem has approved National Grid's plan to spend PS111m upgrading compressors and pipelines at Easington, in the Humber Estuary, one of the country's biggest gas import terminals. The cost of the project will be recouped through a levy on household and business energy bills.