Startup Delorean Power LLC said that Greenbacker Capital Management made a $20 million strategic equity investment into the company. Delorean is a developer and owner-operator of standalone battery energy storage projects up to 250 MW in size in the United States. In addition to the Greenbacker investment, Delorean said it is working to raise a …
Global Infrastructure Partners (GIP) and co-investors closed on a $500 million investment in independent power producer BrightNight, LLC, a Florida-based solar and energy storage developer. The investment includes preferred equity and a letter of credit facility. GIP made the investment through Global Infrastructure Partners Capital Solutions Fund II (GIP CAPS II). The preferred equity will fund BrightNight’s …
Global Infrastructure backs solar + storage developer, AES fossil fuel project Read More »
The U.S. Energy Information Administration (EIA) says nearly half of planned capacity additions in 2022 will be solar energy resources. EIA said it expects 46.1 GW of new utility-scale generating capacity to be added to the U.S. power grid this year. Around 21.5 GW (46%) of that would be from solar projects, 9.6 GW (21%) …
Solar to make up half of new generating capacity in 2022 Read More »
Hydrostor is getting a boost for its long-term energy storage projects. Goldman Sachs is investing $250 million to help the company build more than 1 GW/8.7GWh of its Advanced Compressed Air Energy Storage (A-CAES) projects in California and Australia. Some development is already underway. Hydrostor’s A-CAES process uses renewable energy or power from the grid …
Hydrostor inks $250 million investment for energy storage growth Read More »
Blackstone Infrastructure Partners said it will make a $3 billion equity investment in Invenergy Renewables Holdings, a Chicago-based renewable energy developer. Blackstone’s investment will provide capital to speed Invenergy’s renewables development activities. Caisse de dépôt et placement du Québec (CDPQ) and Invenergy management remain majority owners and Invenergy will continue as managing member. Since 2019, …
The Welsh flag Wales has always been on the forefront of British renewable developments. The Celtic nation was one of the first in Europe to take green technologies seriously with the Centre for Alternative Technology opening and spearheading research back in the early 1970s. Fast-forward a decade and the pioneering Dulas consultancy opened its doors, …
Renewables set to gain as 3 initiatives advance clean energy goals in Wales Read More »
New York Gov. Kathy Hochul announced a $500 million offshore wind investment to include manufacturing and supply chain infrastructure. The state plans to develop 4,300 MW of offshore wind energy, representing nearly half of New York’s 9,000 MW goal for 2035. Coupled with the $500 million, the state will launch its next offshore wind procurement …
New York announces $500 million offshore wind investment Read More »
China Three Gorges (CTG) said it has begun construction of the 1.7 GW Tiantai pumped storage power station in Zhajiang Province. The station, located in Tiantai County, is a major project of the Medium and Long-term Development Plan for Pumped Storage (2021-2035) included in the 14th Five-Year Plan. The powerhouse will contain four 425 MW …
China Three Gorges starts work on 1.7 GW pumped storage station Read More »
Pattern Energy completed construction of four separate wind farms collectively known as the Western Spirit Wind Project. The 1,050 MW project was built in three Central New Mexico counties and combined becomes the largest in the state. The four facilities include 377 GE wind turbines, each ranging in capacity from 2.3 to 2.8 MW. The …
Pattern Energy adds 1,050 MW of wind in New Mexico Read More »
Kansas City-based Evergy said that its Hawthorn power plant would be home to 10 MW of new solar energy capacity, pending regulatory approval. Evergy said it plans to build the solar array on 67 acres near the Hawthorn plant in northeast Kansas City, Mo. The site is expected to include more than 22,000 solar panels …
