National Grid sells US renewables arm in £1.4bn deal
National Grid (LON:NG) has agreed to sell its US onshore renewables business to Brookfield Asset Management in a deal valuing the division at $1.74 billion (£1.37 billion).
Americas
Simple reflector idea could revolutionise PV systems output
Decades ago, householders in temperate or cold countries were told that, by placing simple aluminium foil reflectors behind the central heating radiators in their homes, rooms would be warmer.
A Trump win puts $1 Trillion in US energy investments at risk
A victory by Republican Donald Trump in the US presidential election threatens $1 trillion in energy investments and future support for low-carbon energy sources, according to a Wood Mackenzie report.
Chevron launches $500 million fund to invest in clean tech
Chevron Corp.’s (NYSE:CVX) venture arm launched a fund — its third — with a $500 million commitment to invest in clean energy technologies.
Could space-based solar power be the world’s next energy frontier?
The concept of harvesting solar energy via orbiting power stations and beaming it back to Earth is attracting attention, but the challenges are astronomical.
Alberta’s too successful renewable model hits the rails
Statistics Canada reported recently that Alberta’s energy prices rose by 127.8% in July, compared with the same month in 2022.
First Solar discloses slavery issue at Malaysian plant
Foreign migrant workers had been “subjected to unethical recruitment including the payment of recruitment fees in their home countries, passport retention, and the unlawful retention of wages”.
BP cuts sod on US solar project
Construction work on BP’s (LON: BP) Arche utility-scale solar project is underway in Fulton County, Ohio.
GlassPoint returns with decarbonisation vision
When GlassPoint succumbed to bankruptcy in 2020 the vision of solar-powered steam production seemed to have come to a close.
Woodside and Heliogen advance novel solar projects in US and Australia
Australia’s Woodside and US-based Heliogen have signed an agreement to deploy a 5 MW electric (MWe) module of Heliogen’s AI-enabled concentrated solar energy technology in California and jointly market Heliogen’s innovative technology in Australia.
The Essential Guide to Suriname Energy Investment
The Suriname-Guyana basin continues to be a focal point for hydrocarbon exploration and development, as evidenced by CGX Energy’s recent discovery at the Corentyne block, in line with Suriname’s Block 58. Indeed as frontier E&P remains at a comparatively low ebb, this represents one of few global hotspots, with an estimated 16bn barrels of recoverable resources discovered to date.
Woodside teams up with Heliogen on ‘breakthrough’ solar tech in US
Australian liquefied natural gas (LNG) developer Woodside (ASX:WPL) is collaborating with US-based Heliogen, a provider of AI-enabled concentrated solar energy, to build a 5 MW commercial-scale demonstration facility in California.
BP buys 9GW of US solar from 7X Energy for $220m
BP reached an agreement today to purchase 9GW of solar development projects in the US from independent US solar developer 7X Energy for $220 million.
Total joint venture to develop 12 solar projects across US
A joint venture involving French oil major Total is planning to develop a dozen solar and energy storage projects in the U.S., including five in Texas.
Latin America emerges as China’s main stomping ground for M&A
In a challenging year for Chinese companies pursuing acquisitions abroad, Latin America emerged as a region where they were able to make some corporate marriages work.
SEEIT strikes £110m deal to acquire solar and storage projects in US
SDCL Energy Efficiency Income Trust (SEEIT) has agreed to acquire a series of on-site solar and energy storage projects in the US in a deal worth around £110 million.