PARIS--(BUSINESS WIRE)--The consortium formed by TotalEnergies (Paris:TTE) (LSE:TTE) (NYSE:TTE) and RWE has been selected by the Ministry in charge of Industry and Energy as the winner of the Centre Manche 2 (AO8) offshore wind tender. The consortium will be responsible for designing, developing, building, and operating a 1.5 gigawatt (GW) offshore wind farm off the coast of Normandy. The Largest Renewable Project Ever Developed in France Located more than 40 km off the coast of Normandy, this. ...

Core Viewpoint - Westbridge Renewable Energy Corp. is consolidating its common shares on a 1-for-4 basis to enhance institutional investor participation and improve trading liquidity, effective August 22, 2025 [1][5]. Share Consolidation Details - The consolidation will reduce the number of outstanding shares from approximately 101,149,851 to about 25,287,462 [2]. - No fractional shares will be issued; any fractional interests will be rounded down to the nearest whole number [4]. Shareholder Instructions - Registered shareholders will receive letters of transmittal and must send their pre-consolidation share certificates to Computershare Trust Company of Canada to receive post-consolidation shares [3]. Strategic Rationale - The consolidation is aimed at positioning the company for broader institutional investor participation and supporting its long-term capital markets strategy [5]. Company Overview - Westbridge Renewable Energy focuses on developing utility-scale solar PV projects and battery energy storage systems, with a portfolio in Canada, the U.S., the U.K., and Italy [6]. - The company aims to deliver sustainable electricity and energy storage solutions to meet increasing energy demand and enhance grid reliability [6].

Financial Performance - Adjusted EBITDA for the first six months of 2025 was EUR 300.8 million, reflecting a 3.8% year-over-year increase, primarily driven by the Green Capacities and Networks segments [2][13] - Total investments decreased to EUR 343.2 million, down 18.7% year-over-year, with 48.1% allocated to Networks and 45.6% to Green Capacities [3][13] - The FFO LTM/Net Debt ratio improved slightly to 29.8% from 29.7% as of December 31, 2024, indicating strong leverage metrics [4] Business Development - Green Capacities segment saw an increase in Secured Capacity to 3.4 GW and Installed Capacity to 1.8 GW, with key projects reaching COD [5] - Networks segment investments increased by 40% as part of a 10-year investment plan, with 1.18 million smart meters installed [6] - A 7-year PPA was signed with Lithuanian TSO at a fixed price of EUR 74.5/MWh for up to 160 GWh/year, effective January 2026 [7] Sustainability - The Green Share of Generation decreased to 63.8%, down 21.0 percentage points year-over-year, due to higher generation at Elektrėnai Complex [8] - Total GHG emissions rose to 2.61 million t CO2-eq, a 26.0% increase year-over-year, with significant increases in Scope 1, Scope 2, and Scope 3 emissions [9] - Carbon intensity increased to 236 g CO2-eq/kWh, up 16.6% year-over-year, driven by higher natural gas generation [10] Shareholder Returns and 2025 Outlook - The company plans to distribute a dividend of EUR 0.683 per share, totaling EUR 49.4 million, pending shareholder approval [12] - Full-year 2025 Adjusted EBITDA guidance remains at EUR 500–540 million, with investment guidance of EUR 700–900 million [12]

Core Insights - Enlight Renewable Energy reported strong financial results for Q2 2025, with significant year-over-year growth in revenues and adjusted EBITDA, although net income saw a decline due to foreign exchange impacts and increased expenses [3][6][25]. Financial Performance - For Q2 2025, total revenues and income reached $135 million, a 53% increase from $88 million in Q2 2024 [23]. - For the first half of 2025, total revenues and income were $265 million, up 46% from $182 million in the same period last year [6][23]. - Net income for Q2 2025 was $6 million, down 41% from $9 million in Q2 2024, primarily due to foreign exchange losses and increased financial expenses [25]. - Adjusted EBITDA for Q2 2025 was $96 million, a 57% increase from $61 million in Q2 2024 [26]. Guidance and Future Outlook - The company raised its full-year 2025 revenue guidance to a range of $520-535 million, up from the previous range of $490-510 million, reflecting a 5.5% increase at the midpoint [7][21]. - Adjusted EBITDA guidance for 2025 was also increased to $385-400 million, up 6% at the midpoint from the previous range of $360-380 million [7][21]. Portfolio and Project Development - Enlight's total portfolio now includes 20.0 GW of generation capacity and 53.4 GWh of energy storage, a 17% increase from the end of 2024 [10]. - The company is advancing towards the construction of additional projects, with expectations of reaching an annual revenue run rate of $1.9-2.2 billion by 2028 [8][15]. - New operational projects contributed significantly to revenue growth, with 525 MW and 1,604 MWh of new projects connected to the grid [24]. Market Environment - The recent reconciliation bill is seen as favorable for utility-scale solar and storage segments, providing growth opportunities for companies like Enlight [5]. - The demand for renewable energy generation and energy storage continues to grow in Europe and MENA markets [5].

Core Insights - Statkraft has signed an agreement to sell its Canadian renewables portfolio, Enerfín Canada, to Atlantica Sustainable Infrastructure Ltd, which includes a skilled team, operating wind farms, and a development portfolio [1][2] - The transaction encompasses two operating wind farms with a total installed capacity of 236 MW and a development portfolio of six wind and solar projects totaling 0.8 GW [2] - The sale marks the completion of Statkraft's planned divestments of its Enerfín portfolio outside its core markets, which has been delayed due to global uncertainties [4] Company Overview - Statkraft is a leading international hydropower company and Europe's largest generator of renewable energy, with operations in hydropower, wind power, solar power, gas-fired power, and district heating [5] - The company has approximately 7,000 employees across more than 20 countries [5] Transaction Details - The closing of the transaction is expected before the end of 2025, with no further details disclosed about the transaction [2] - Statkraft's acquisition of the Canadian renewables portfolio was part of a larger Enerfín transaction completed in May 2024, which significantly strengthened its position in Spain and Brazil [3]

The Abu Dhabi Investment Authority and Ontario Teachers’ Pension Plan Board are considering a sale of Asia-Pacific renewable energy developer Equis Development, according to people familiar with the matter https://t.co/Sajf5ptZY3 ...

Group 1: Tesla's Stock Performance and Market Expectations - Tesla shares have decreased by 7% from $323.63 to $300.71 ahead of the second-quarter deliveries report [1] - Analysts expect Tesla to report deliveries of approximately 387,000, reflecting a 13% decline from nearly 444,000 a year ago [2] - Prediction market Kalshi forecasts deliveries around 364,000, indicating lower expectations from traders [2] Group 2: Legislative Impact on Tesla - The One Big Beautiful Bill Act, which President Trump supports, is expected to negatively impact Tesla by cutting support for renewable energy and phasing out EV tax credits [4][5] - These legislative changes could reduce EV sales by about 100,000 vehicles annually by 2035, according to Energy Innovation [5] - The bill is projected to decrease renewable energy development by over 350 cumulative gigawatts, potentially affecting Tesla's Energy division [6] Group 3: Financial Implications and Regulatory Credits - Tesla has generated $11.8 billion in sales from automotive regulatory credits since 2015, which significantly contribute to its net income [8][9] - Regulatory credit sales accounted for approximately 60% of Tesla's net income in the second quarter of 2024, highlighting the importance of these incentives [9] - The company relies on federal and state regulations that mandate automakers to sell low-emission vehicles or purchase credits from Tesla [9]

Company Overview - Suvic Oy has appointed Markku Taskinen as the new CEO, effective by September 22, 2025, succeeding Ville Vesanen [1] - Suvic specializes in renewable energy construction, with ongoing projects including wind farms, solar parks, and battery storage facilities [5] Management Changes - The planning for the future management team structure will commence immediately, with announcements expected by autumn [1] - The outgoing CEO, Ville Vesanen, will continue to contribute to the company's growth as a key member of the new management team [3] Industry Context - The renewable energy sector, particularly in Finland and the Nordic countries, is experiencing significant growth, necessitating enhanced management practices to handle large-scale projects [2] - Suvic's current projects include the 54-turbine Rajamäenkylä wind farm and a 100 MWp solar park in Eurajoki, among others [5] Leadership Insights - Markku Taskinen brings 15 years of experience in the construction project business and a Master of Science in Civil Engineering, which will support Suvic's strategic goals [1][4] - The new CEO expresses enthusiasm for contributing to the renewable energy sector and leveraging his expertise for the company's long-term success [4]

Core Insights - Gevo, Inc. reported a quarterly revenue increase of approximately $25 million for Q1 2025 compared to Q1 2024, driven by strategic growth initiatives and the acquisition of Gevo North Dakota [4][8][9] - The company anticipates further revenue and adjusted EBITDA growth in 2025, supported by the monetization of tax credits and new offtake agreements [1][4][7] Financial Performance - Total operating revenue for Q1 2025 was $29.1 million, a significant increase from $3.99 million in Q1 2024, primarily due to $22.8 million from Gevo North Dakota and $1.7 million from the RNG project [4][29] - The adjusted EBITDA loss for Q1 2025 was $15.4 million, an improvement from a loss of $14.5 million in Q1 2024 [8][34] - The company ended Q1 2025 with cash, cash equivalents, and restricted cash totaling $134.9 million [8] Strategic Developments - Gevo signed a pioneering offtake agreement with Future Energy Global for emissions credits from 10 million gallons of fuel per year, alongside another agreement for an additional 5 million gallons of SAF [3][4] - The company is actively developing markets for voluntary carbon abatement, achieving over 100,000 metric tons of CO2 abatement in Q1 2025 [4][5] Operational Highlights - Gevo North Dakota produced approximately 11.1 million gallons of low-carbon ethanol in Q1 2025, contributing to significant carbon abatement [4][9] - The company is focused on advancing its alcohol-to-jet (ATJ) projects, with plans for an ATJ-30 plant capable of producing 30 million gallons of jet fuel per year [7][9] Cost and Expense Management - Cost of production increased by $18.9 million in Q1 2025, primarily due to the acquisition of Gevo North Dakota [10] - General and administrative expenses decreased by $1.1 million, attributed to a reduction in stock-based compensation [13] Market Position and Future Outlook - The CEO expressed confidence in achieving positive adjusted EBITDA in 2025, citing the operational assets and market opportunities available [7][9] - Gevo's innovative technology and strategic partnerships position the company favorably within the renewable fuels market, particularly in the SAF segment [7][22]

Financial Performance - The company reported total revenues and income of $130 million for Q1 2025, a 39% increase from $94 million in Q1 2024 [5][27] - Net income surged to $102 million, reflecting a 316% increase compared to $24 million in the same period last year [5][33] - Adjusted EBITDA rose by 84% to $132 million, up from $72 million in Q1 2024 [5][34] - Cash flow from operating activities increased by 24% to $44 million, compared to $35 million in Q1 2024 [5] Revenue Breakdown - Revenues from electricity sales increased by 21% to $110 million, up from $90 million in Q1 2024 [27][30] - The company recognized $20 million in income from tax benefits, a 516% increase from $3 million in Q1 2024 [27] - Revenue contributions from new projects connected to the grid included $30 million from various projects, with significant contributions from Atrisco, Israel Solar and Storage Cluster, and others [28][30] Project Developments - The company sold 44% of the Sunlight cluster for $52 million, generating an additional $42 million in Adjusted EBITDA and $80 million in net profit for Q1 2025 [6][29] - The total portfolio consists of 33.4 FGW, with 8.6 FGW in the mature portfolio expected to generate annualized revenues of approximately $1.4 billion by 2027 [11][19] - The company has secured $1.8 billion in financing to support the construction of 4.7 FGW of capacity in 2025 [9] Geographic Revenue Distribution - Revenue distribution for Q1 2025 included $42.9 million from MENA, $51.4 million from Europe, and $34.8 million from the U.S., with the U.S. segment showing a 674% increase year-over-year [25][32] - Approximately 81% of operational capacity sells electricity under Power Purchase Agreements (PPAs), with 29% of power sold under inflation-linked PPAs [16] Operational Strategy - The company has effectively mitigated exposure to U.S. import tariffs through diversified procurement strategies, ensuring that projects under construction have no solar panel exposure under current tariff policies [3][8] - The operational portfolio is geographically diversified, with 44% of capacity in Europe, 29% in Israel, and 27% in the U.S. [16] Future Guidance - Total revenues and income for 2025 are projected to range between $490 million and $510 million, with Adjusted EBITDA expected between $360 million and $380 million [29][30] - Approximately 90% of electricity volumes expected to be generated in 2025 will be sold at fixed prices through PPAs or hedges [30]