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With the gain of Brazilian contracts, Voltalia has surpassed 8 gigawatts of capacity under management for third parties, reaching its 2027 target two years ahead of schedule
Globenewswire· 2025-11-04 17:00
With the gain of Brazilian contracts, Voltalia has surpassed 8 gigawatts of capacity under management for third parties, reaching its 2027 target two years ahead of schedule Voltalia (Euronext Paris, ISIN code: FR0011995588), an international player in renewable energies, announces the signing of 937 megawatts of new maintenance contracts in Brazil. With these agreements, the capacity operated on behalf of third parties now reaches 8.3 gigawatts, nearly two years ahead of the target set for 2027 “I am ver ...
Apollo Funds Commit $6.5 Billion to Ørsted’s Hornsea 3 in the UK
Globenewswire· 2025-11-03 19:00
Apollo Infrastructure to Become 50-50 Joint Venture Partner in World’s Largest Offshore Wind Farm ProjectNEW YORK , Nov. 03, 2025 (GLOBE NEWSWIRE) -- Apollo (NYSE: APO) today announced that Apollo-managed funds have agreed to invest $6.5 billion in a 50% stake in Ørsted’s Hornsea 3. The $6.5 billion investment includes the acquisition price for a 50% interest in the joint venture holding Hornsea 3, the world’s largest offshore wind project, and a commitment to fund 50% of the project’s remaining constructio ...
Apollo Funds Commit $6.5 Billion to Ørsted's Hornsea 3 in the UK
Globenewswire· 2025-11-03 19:00
Core Viewpoint - Apollo has announced a $6.5 billion investment for a 50% stake in Ørsted's Hornsea 3, the world's largest offshore wind project, which will significantly contribute to renewable energy generation in the UK [1][2][3] Investment Details - The $6.5 billion investment includes both the acquisition price for the 50% interest in the joint venture and a commitment to fund 50% of the remaining construction costs [1] - Upon completion, Hornsea 3 will have a capacity of 2.9GW, enough to power over 3 million UK households [2] - The investment is expected to close before the end of 2025, with approximately $3.25 billion to be invested upon closing and the remaining amount to be funded as the project progresses [3][4] Strategic Importance - Ørsted views Apollo as a valuable partner due to its ability to provide long-term, comprehensive equity and financing solutions for large-scale infrastructure projects [4] - The partnership is expected to enhance energy security and support the UK's net zero ambitions [3] Recent Activities - This investment follows a series of large-scale capital solutions provided by Apollo for European energy infrastructure, including a €3.2 billion investment in the German energy grid and a £4.5 billion financing commitment for EDF's Hinkley Point C nuclear power plant [5]
Houston American Energy Corp. Breaks Ground on Renewable Energy Complex at Cedar Port
Globenewswire· 2025-10-29 12:30
Core Points - Houston American Energy Corp. (HUSA) has commenced construction on Phase One of its Cedar Port development plan in Baytown, Texas, which includes the Abundia Innovation Center and the R&D Facility [1][2][5] - The Abundia Innovation Center will function as a collaborative office and technology hub, while the R&D Facility will focus on advanced laboratories and pilot-scale systems for waste-to-fuels technologies [4][5] - Completion of Phase One is targeted for Q2-2026, with future phases planned to include an advanced plastics recycling facility [5] Company Overview - HUSA is an independent energy company with a diversified portfolio in both conventional and renewable sectors, having recently acquired Abundia Global Impact Group (AGIG) to enhance its capabilities in converting waste plastics into low-carbon fuels [6] - The strategic acquisition of AGIG reflects HUSA's commitment to addressing global energy demands through a mix of traditional and alternative energy solutions [6]
Westbridge Renewable Energy Expands Strategic Data Centre Portfolio with New Project in Alabama
Prnewswire· 2025-10-22 11:00
Core Insights - Westbridge Renewable Energy Corp is expanding its data centre portfolio with a new project in Alabama, aimed at diversifying its asset base and addressing the growing demand for AI-ready data centres [1][2] - The Alabama Data Centre Project is strategically located near major fibre routes and renewable energy sites, providing reliable power and low-latency connectivity [2] - The company aims to integrate renewable energy assets with data processing facilities, positioning itself at the intersection of renewable energy and artificial intelligence [3] Company Strategy - The expansion into Alabama aligns with Westbridge's long-term vision of creating a diversified platform that supports renewable energy transition and digital technologies [4] - The company is advancing a pipeline of solar, battery energy storage, and data centre projects across North America, focusing on locations with grid capacity and fibre connectivity [4] Market Position - Westbridge operates in four key jurisdictions: Canada, the U.S., the U.K., and Italy, delivering long-term returns through an international portfolio of renewable energy assets [5] - The company has a strong track record with over 40 development projects worldwide, providing investors access to early-stage greenfield solar and energy storage projects [5]
2 No-Brainer Energy Dividend Stocks to Buy With $500 Right Now
The Motley Fool· 2025-10-19 07:23
These renewable energy stocks could produce high-powered total returns in the coming years.The transition to lower-carbon energy sources, such as renewables, is inevitable. The world can't burn fossil fuels forever. They're a finite resource that do damage to the environment.Given this backdrop, investing in renewable energy stocks is a logical choice. Brookfield Renewable (BEPC -2.25%) (BEP -0.68%) and Clearway Energy (CWEN.A -1.22%) (CWEN -1.71%) are leaders in this space. They also pay attractive and gro ...
Final turbine installed at SSE’s Puglia wind farm
Energy Global· 2025-10-14 10:00
Core Insights - SSE has successfully installed the final turbine at its 17.3 MW onshore wind farm project in Puglia, Southern Italy, marking a significant milestone in its first construction project in Italy [1][4] Project Details - The turbine installation at the Castel Favorito and Masseria la Cattiva sites commenced in summer 2025 and was completed on schedule, involving five Siemens Gamesa 132-3.4 MW onshore wind turbines [2] - The project has supported around 70 construction roles at peak delivery, contributing positively to the local economy and supply chain in the Puglia region [3] Next Steps - With the final turbine installed, the next phase will involve commissioning and testing of the turbines, which is expected to continue until the site becomes fully operational, targeted for commercial operations in 2026 [3][4]
Vast Announces Successful Closing of US$3.5 Million Convertible Notes
Globenewswire· 2025-10-10 12:00
Core Insights - Vast Renewables has successfully closed a placement of US$3.5 million in convertible notes with major investors, Nabors Industries and Canberra Airport Group, indicating strong investor confidence in the company [1][3]. Funding and Project Development - The funding will support the Port Augusta Green Energy Hub, including the flagship utility-scale long duration energy storage project, Vast Solar 1 (VS1), and the development of an international project pipeline [2]. - The investment is part of a broader capital raise initiated in August, which is attracting leading institutional and strategic investors [2]. Technology and Project Details - VS1 is a 30MW concentrating solar power (CSP) plant located in Port Augusta, South Australia, utilizing Vast's modular tower CSP v3.0 technology to generate clean, low-cost, dispatchable power with 10 hours of thermal energy storage [4]. - The project has secured up to A$290 million in conditional support from the Australian Government, including a A$180 million grant from the Australian Renewable Energy Agency (ARENA) [4]. - Final Investment Decision (FID) for VS1 is expected by the end of December 2025, with financial close anticipated by the end of March 2026 [4]. Additional Projects - The Port Augusta Green Energy Hub also includes a 140MW / 2-hour lithium-ion battery project, developed in partnership with 1414 Degrees, aimed at providing critical storage and grid stability, with FID expected in 2026 [5]. Upcoming Events - Vast will hold its 2025 Annual General Meeting (AGM) on November 14, 2025, where it will update shareholders on progress and outlook for the upcoming year [6]. - The company plans to publish its Annual Financial Statements for the year ended June 30, 2025, around October 23, 2025 [6]. Company Overview - Vast Renewables is a leading Australian on-demand renewable energy and clean fuels platform, focusing on delivering 24/7 carbon-free heat and power at utility scale to decarbonize the grid and support green fuels production [7].
India Invests in More Coal-Fired Power to Support Increased Need for Electricity
Yahoo Finance· 2025-10-08 15:50
Core Insights - Regional areas in India are shifting focus from renewable energy incentives to long-term contracts for coal-fired power generation, with significant bids for coal capacity in Uttar Pradesh and Assam [1] - India Ratings & Research reported that over 17 GW of coal-fired generation capacity has been contracted in the past year, marking the highest level since the pandemic [1] - The demand for electricity in India is increasing due to economic growth, higher air conditioning needs, and greater electrification, indicating that coal will remain a key energy source [1] Coal-Fired Capacity Expansion - India plans to increase its coal power capacity by 46% from 210 GW to 307 GW by 2035, with a target of at least 80 GW of new coal-fired generation by 2032 [2] - The state of Madhya Pradesh has announced $3.7 billion in contracts for new coal-fired generation, including a 1.6-GW ultra-supercritical plant by Torrent Power and an 800-MW facility by Adani Power [2] - The Torrent project, valued at $2.5 billion, includes a 25-year power purchase agreement at a fixed rate of 5.829 rupees per kilowatt hour, with operations expected within 72 months [2] - Adani Power is also developing a 2.4-GW ultra-supercritical coal-fired power plant in Bihar, with an investment of $3 billion and the first unit expected to be operational by 2029 [2]
Doral Renewables Secures Major PPA for Texas Solar Project
Yahoo Finance· 2025-10-06 13:00
Core Insights - Doral Renewables LLC has signed a Power Purchase Agreement (PPA) for 75% of the energy output from its 430 MWac Cold Creek Solar Project, which also includes 100% of the associated Renewable Energy Credits [1][2] Company Developments - The Cold Creek Solar Project is located in Texas and is expected to generate over one million megawatt-hours (MWh) of electricity annually, increasing Doral's total contracted energy generation to over 1.6 gigawatts (GW) [2] - The project signifies a substantial expansion of Doral's contracted capacity, indicating ongoing growth in the utility-scale solar sector [2][3] Market Trends - The execution of large-scale renewable energy PPAs with corporate entities reflects a trend where companies are increasingly seeking clean energy to meet sustainability goals and manage energy costs [3] - The Cold Creek Solar Project is among the largest single solar contracts in Texas, contributing to the demand for long-term power contracts that stabilize the solar development market [3] Local Impact - The development of the Cold Creek Solar Project is expected to provide local benefits, including community initiatives, road improvements, and job creation during the construction phase [4][6] - The project is anticipated to create hundreds of jobs for local and regional residents [4] Strategic Importance - Doral Renewables views the new PPA as a significant achievement and a foundational agreement for expanding its operating portfolio across the U.S., reflecting the company's commitment to renewable energy projects [5]