SYDNEY, Oct. 10, 2025 (GLOBE NEWSWIRE) -- Vast Renewables (“Vast” or the “Company”) (OTC:VSTTF), a leading Australian on-demand renewable energy and clean fuels platform, today announced it has successfully closed the placement of US$3.5 million of convertible notes with two of its largest and longest-standing investors, Nabors Industries and Canberra Airport Group. The funding from the convertible notes will support the delivery of Vast’s Port Augusta Green Energy Hub, including its flagship utility-scale ...

Regional areas of India are withdrawing incentives for renewable energy projects and instead signing long-term contracts to buy more coal-fired power generation. Government officials in Uttar Pradesh, the state that is home to much of the country's population, along with authorities in Assam state have made bids to acquire as much as 7 GW of coal-fired power output that would be delivered in the coming years, according to a research group. India Ratings & Research, an agency that offers credit rating and r ...

Doral Renewables LLC, an independent power producer specializing in utility-scale solar and battery storage projects, has executed a Power Purchase Agreement (PPA) with an unnamed corporate buyer for 75 percent of the energy output from its 430-megawatt alternating current (MWac) Cold Creek Solar Project, the company announced Monday. The PPA also covers 100 percent of the associated Renewable Energy Credits. The Cold Creek Solar Project is located in Schleicher and Tom Green Counties, Texas. The facility ...

LDA Design has been appointed to lead the environmental impact assessment (EIA) and landscape services for two new wind farms on public land in Wales.The two projects are being driven by energy developer, Trydan Gwyrdd Cymru, which was launched in 2024 by the Welsh government to help realise its clean energy ambitions.The proposed onshore wind farms will contribute to Trydan’s mission to deliver 1 GW of state-owned new renewable energy by 2040. They will also provide jobs and training within the renewable i ...

Industry Overview - The global renewable energy industry is experiencing significant growth due to soaring clean electricity demand from sectors like transportation, rapid AI-driven data center growth, and declining installation costs for solar and wind technologies [2] - Clean power surpassed 40% of global electricity generation in 2024, with global stationary energy storage installations surging 40% to a record 170 GWh [3] - The energy storage market is becoming an essential component of modern energy infrastructure, driven by declining battery costs, government incentives, and an increasing volume of renewable projects [2][3] Future Projections - BNEF expects global power generation from renewables to rise 84% by 2030 and double again by 2050, with global energy storage additions projected to grow 35% this year [5] - Strong policy support, fiscal incentives, and declining installation costs are enhancing the competitiveness of clean energy firms, enabling sustainable long-term value creation [6] Company Highlights - **Sunrun**: Leading provider of home battery storage and solar systems, with a networked solar energy capacity of 7,949 MW as of June 30, 2025. Subscriber additions increased 15% year over year in Q2 2025, with a net subscriber value expansion of 182% [7][8] - **DTE Energy**: Michigan's largest producer and investor in renewable energy, completed construction of 80 MW Pine River Solar Park and 100 MW Polaris Solar Park in Q2 2025. Plans to invest $10 billion in clean energy generation over the next 10 years, targeting 900 MW of renewables added per year [10][11] - **Ameren**: Invests in cleaner energy sources, recently broke ground on a 2.5 MW solar facility in Peoria. Aims to expand its renewable portfolio by adding 3,200 MW of renewable generation by 2030 and 1,000 MW of battery storage by the end of 2030 [13][14]

Key Takeaways Petrobras, WEG and Statkraft launched a 7-MW wind turbine in Bahia, Brazil.The turbine can supply power for 15,000 households with 2,500 MWh monthly.Installed at Statkraft's Seabra Wind Farm, it boosts the Brotas de Macaubas Complex.Petrobras (PBR) , in collaboration with WEG SA and Norway’s Statkraft AS, has launched the most powerful onshore wind turbine ever installed in Brazil. Located in Bahia state, this 7-megawatt (“MW”) turbine marks a transformative moment for renewable energy in the ...

Core Insights - N2OFF, Inc. is making significant advancements in solar energy and energy storage projects across Germany, Italy, and Poland, emphasizing its commitment to the clean energy transition [1][4]. Key Solar and Energy Storage Projects - The Melz Solar PV Project in Germany has a capacity of 111 MWp and has achieved critical milestones, including municipal approval and entering the hearing process for RTB status targeted for 2026 [2][7]. - In Italy, two Battery Energy Storage Systems (BESS) projects in Sicily, each with a capacity of 98 MWp/392 MWh, are in development and expected to reach RTB status by mid-2027 [3][7]. Strategic Investments and Opportunities - N2OFF has allocated €600,000 in debt financing for the Melz BESS integration, with a 7% annual interest rate and a 25% profit-sharing agreement post-loan repayment [4]. - The joint venture with Solterra aims for a total portfolio capacity of approximately 300 MW across Europe, indicating a robust growth strategy in renewable energy [4][5].

Core Insights - Tata Power Renewable Energy Limited (TPREL) has signed a significant agreement with Suzlon Group for the supply of wind turbines totaling 838MW capacity in India, marking Suzlon's largest order for fiscal year 2026 [1][2] - The project will utilize 266 S144 wind turbines, each with a capacity of 3.15MW, and will be deployed across multiple states in India [2] - This collaboration enhances TPREL's role in India's renewable energy transition, contributing to the country's goal of achieving 500GW of renewable energy capacity by 2030 [3] Company Developments - TPREL currently manages a wind energy portfolio exceeding 3.9GW, with over 1GW already in operation, while the remaining capacity is under development in various states [3] - The agreement represents the third strategic partnership between TPREL and Suzlon, aligning with Tata Power's objective of achieving 100% clean energy by 2045 [4] - Tata Power's renewable energy portfolio now totals 15.7GW, further solidifying its position in the renewable energy sector [4] Industry Context - Suzlon Group is recognized as a global renewable energy solutions provider, with over 21GW of wind energy capacity installed across 17 countries, showcasing its extensive operational footprint [4] - The collaboration is part of broader efforts in the renewable energy sector, including a recent partnership between Tata Power Renewable Energy and Tata Motors to develop a 131MW wind-solar hybrid project [5]

Core Insights - Kuwait is facing challenges with extreme heat, aging infrastructure, and power outages, leading to significant investments in grid reliability [1][2] - The country aims to increase renewable energy's share in electricity generation from less than 1% to 15% by 2030, but projections suggest a more realistic target of 7% by 2030 and 20% by 2035 [1][3] Group 1: Current Energy Landscape - Kuwait has 21 GW of installed capacity, but only about 17 GW is reliably available during peak months due to maintenance and aging plants [2] - Peak electricity demand reached 17.7 GW in July, with unplanned outages causing shortages exceeding 1.5 GW during peak demand in May [2] Group 2: Renewable Energy Transition - Kuwait plans to invest heavily in solar PV, leveraging over 3,300 hours of sunlight annually, which supports high PV output [3] - Rystad Energy projects that renewable capacity will reach 3.3 GW by 2030, with a more realistic target of 15% renewables share by 2035 [1][3] Group 3: Role of Natural Gas - Natural gas is expected to play a crucial role in Kuwait's energy future, with gas power generation projected to increase by 17% to 77 TWh by 2030 [4] - Gas production is forecasted to rise by 38%, and overall gas demand is expected to increase by 30% in the next five years [4] Group 4: Infrastructure Development - Kuwait plans to build five large-scale gas-fired power plants, adding 18 GW of capacity and raising total gas power capacity to over 32 GW by 2035 [5] - The state-owned Kuwait Petroleum Corporation has secured a 15-year LNG supply agreement with QatarEnergy for up to 3 million tonnes per annum [5]

Industry Overview - The global use of renewable energy is increasing due to efforts to reduce greenhouse gas emissions, driven by lower production costs, supportive government policies, and rising demand in power and transportation markets [1] - Wind power is leading the transition to renewable energy, becoming one of the largest sources of electricity generation in the United States [2] Market Trends - The wind energy market is benefiting from trends such as rising electricity demand from AI-powered data centers, the adoption of electric vehicles, and rapid industrialization [3] - The U.S. Energy Information Administration (EIA) projects a 4% year-over-year increase in wind power output in 2025, with an expected addition of 7.7 GW of wind generation capacity [4] Company Insights - NextEra Energy, Inc. (NEE) is a leading global wind energy generator, expanding its capacity by 1,365 MW in 2024 and operating facilities with a total capacity of approximately 26,335 MW [9][10] - OGE Energy is the largest electric utility in Oklahoma, focusing on expanding its wind output and reducing carbon emissions significantly [12][13] - Arcosa, Inc. (ACA) manufactures infrastructure products for wind power generation, benefiting from strong demand and a $1.1 billion order backlog since the Inflation Reduction Act [15][16] - Constellation Energy Corporation (CEG) operates 27 wind projects across 10 states, producing about 1,400 MW of electricity and launching a $350 million initiative to enhance its renewable energy portfolio [17][18][19]