Companies

Eni Plenitude,has acquired an 80% stake in a portfolio of US projects, which accounts for a power generation capacity of 272MW.

A consortium of EDF Renewables and Korea Western Power Corporation (KOWEPO) has reached financial close on a 500MW solar PV plant in the Sultanate of Oman.

GCLSI has signed a module supply contract with NTPC Renewable Energy to supply the company with 1.1GW of solar modules.

Andel and Better Energy have entered a joint partnership to build a portfolio of “energy parks” with a total power capacity of 2GW.

The renewable industry is facing a perfect storm of factors leading to tighter business interruption and equipment breakdown insurance terms.

Chinese solar tracker manufacturer Arctech has expanded its business to Turkey by forming a partnership with Alpon Energy, a solar company specialised in solar trackers, as well as EPC works.

“The formation of Solar Powers Illinois stems from the passage of critical legislation: the Climate and Equitable Jobs Act and the Inflation Reduction Act.”

US climate investment firm HASI has invested an undisclosed sum into a 605MW solar and solar-plus-storage portfolio owned by US utility AES Corporation.

Avangrid has cancelled a proposed merger with US utility PNM following two years of delays in the approval process.

US utility American Electric Power (AEP) has signed an agreement to sell its 625MW of solar PV assets in the state of New Mexico to investment firm Exus Asset Holdings.