Iberdrola increased its net profit by 12% to €4.34 billion (US$4.58 billion) in 2022, driven by strong performance in Brazil and the US, offsetting the impact of the energy crisis in the EU.
Texas utility CPS Energy has reached agreements to purchase an additional 100MW of solar and 50MW of energy storage capacity for its FlexPOWER Bundle initiative.
Colorado-based electricity distributor CORE Electric Cooperative has penned a wholesale power supply agreement with power generation developer Invenergy, which will give CORE access to an additional 1.2TWh of renewable energy a year.
The North American subsidiary of utility Enel has launched a clean energy retail initiative in selected US states, beginning with Texas, to allow its commercial and industrial (C&I) customers to purchase renewable energy directly without entering into a power purchase agreement (PPA).
The Public Service Company of Oklahoma (PSO), a subsidiary of utility American Electric Power (AEP), has petitioned the state corporate commission for approval to purchase a 995.5MW solar PV and wind portfolio.
RWE will build a more diversified renewables portfolio following its acquisition of Con Edison Clean Energy Businesses, a deal the German utility said will make it the second-largest solar operator in the US.
