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EQNR Expands Brazil Footprint With Esquina do Vento Wind Project
ZACKS· 2026-03-24 15:45
Group 1 - Equinor ASA (EQNR) has acquired the 230 MW Esquina do Vento onshore wind project in Brazil from Vestas, expanding its onshore renewable energy portfolio [1][9] - The facility consists of 51 Vestas V163 wind turbines and will be operated and maintained by Vestas under a 30-year agreement, with payments linked to power output [2] - The project is expected to generate around 1 TWh of wind power annually, supplying electricity to nearly 520,000 Brazilian households, with commercial operations targeted for 2028 [3][9] Group 2 - The acquisition aligns with growing renewable demand and enhances long-term value creation for Equinor, supporting sustained renewable growth in Brazil alongside the Serra da Babilônia project [4] - Equinor's wholly-owned energy trading house, Danske Commodities, will market the power generated by the company's onshore assets in Brazil [3] - This move reflects EQNR's shift toward integrated energy solutions, strengthening its business model for stable, long-term returns [5]
Fusion Fuel Announces New LPG Projects for Subsidiary Al Shola Gas
Globenewswire· 2025-07-25 12:00
Core Insights - Fusion Fuel Green PLC announced new projects through its subsidiary Al Shola Al Modea Gas Distribution LLC, focusing on liquefied petroleum gas (LPG) systems in Dubai, UAE [1][4] Group 1: Project Details - The largest new projects under contract are valued at over AED 1.9 million (approximately $517,000), including a 20-floor residential building with 722 apartments valued at AED 885,000 (approximately $241,000) and an 8-floor mixed-use development valued at AED 850,000 (approximately $232,000) [2] - Al Shola Gas confirmed several additional contracts with total estimated values of approximately AED 200,000 (approximately $54,000), contributing significantly to the project pipeline [3] Group 2: Market Demand and Company Strategy - Since the beginning of 2025, Al Shola Gas has averaged between 580 and 630 metric tons (MT) of bulk LPG and 160 to 180 MT of LPG in cylinders per month, indicating strong demand for LPG in the UAE market [4] - The CEO of Fusion Fuel highlighted that the new orders not only provide near-term revenue but also support the strategy to grow the energy services platform in the Gulf region, with the engineering team fully booked for the next 18 months [4] Group 3: Company Overview - Fusion Fuel Green PLC provides integrated energy engineering, distribution, and green hydrogen solutions, supporting decarbonization across various sectors [5]