S'abonner

Clearway Engages PPA with PacifiCorp

Clearway announces a new set of long-term power purchase agreements (PPAs) with PacifiCorp, a subsidiary of Berkshire Hathaway.

Share:

Clearway announces a new set of long-term power purchase agreements (PPAs) with PacifiCorp, a subsidiary of Berkshire Hathaway.

A power of 432MW

Clearway states that the APPs will directly support the construction of two wind energy projects. The first project, called Two Rivers, located in Wyoming, will have a capacity of 280MW. The second wind project, Cedar Creek, located in Idaho, will have 152MW.

The partnership between Clearway and PacifiCorp will help develop wind energy in these two central U.S. states. In addition, the company announces that the two wind projects have a PPA covering a period of 25 years. Valerie Wooley, Vice President at Clearway says:

“We are proud to partner with PacifiCorp again and help them achieve their goal of sourcing the cleanest, lowest risk, lowest cost electricity for their customers.”

Substantial investments

The Two Rivers Wind Project in Carbon and Albany counties will produce enough electricity to power 100,000 homes annually. The wind farm, initially developed by Intermountain Wind, is expected to create over 275 jobs during construction. In addition, it represents a $500 million investment in the Wyoming economy.

Clearway was acquiring the Cedar Creek wind project in 2021 from rPlus Energies. Located in Bingham County, the project will generate enough electricity to power 41,000 homes annually. Cedar Creek Wind will create more than 175 jobs during construction for a $250 million investment in Idaho’s economy.

A federal presence

Clearway seeks to develop the transition to a world powered by clean energy. The company currently operates over 8GW of renewable and conventional energy assets across the United States. The company announced that it has 5.7GW of wind, solar and energy storage assets.

The company announced that it is offsetting the equivalent of more than 10.5 million tons of carbon emissions. For its part, PacifiCorp serves two million customers in various states such asUtah, California and Oregon. Finally, the partnership between the two companies includes a solar and wind portfolio of 549MW in Utah and 141MW in Wyoming.

  • Populaires ​
Carbon2Nature and Uría Menéndez launch reforestation of 90 hectares in Salamanca
MN8 Energy raises $575mn with Natixis CIB to strengthen its US solar debt
TNB, Petronas and Terengganu Inc launch green hydrogen hub and hybrid solar in Malaysia
Occidental Petroleum reduces production in the Gulf of Mexico in the second quarter
Azule Energy announces major offshore gas discovery in the Angolan Congo Basin
Iberdrola secures €2.5bn credit line from 32 international banks
Iberdrola strengthens its financial position with a new five-year credit facility, signed with 32 banks, to support investments in power grids and renewable energy, particularly in the United States.
Kinder Morgan posts sustained growth and strengthens project portfolio to $9.3bn
Kinder Morgan, Inc. reports strong financial results for the second quarter of 2025, with net profit up 24% and a project backlog boosted by major new investments in natural gas transportation.
CenterPoint Energy strengthens its measures for Invest 93L and continues resilience actions
CenterPoint Energy remains vigilant as Invest 93L approaches, deploying emergency plans and pursuing upgrades to its electrical infrastructure across the Greater Houston area.
Georgia Power receives approval for 8,500 MW energy growth plan by 2030
The Georgia Public Service Commission approves the 2025 Integrated Resource Plan, which includes major investments in generation, storage and the grid to address the strong rise in electricity demand.
Aker ASA posts 24% share increase and accelerates real estate strategy in 2025
Norwegian industrial group Aker ASA achieved a strong surge in its share price in the first half, expanded its diversification into real estate, and executed major transactions despite global energy market volatility.
ADNOC transfers 24.9% stake in OMV to its subsidiary XRG to strengthen international strategy
ADNOC announces the transfer of 24.9% of its shares in OMV to its subsidiary XRG, continuing the streamlining of its international assets and preparing the creation of Borouge Group International.
Global business leaders gather in Beijing for inaugural SMI China forum on sustainable innovation
The SMI China Forum brings together international and Chinese leaders for dialogue on supply chains, investment and energy innovation, marking a major step in public-private sector cooperation.
BHP considers Australian “green iron” sector too costly despite China talks
Mining group BHP sees low-emission iron production in Australia as unprofitable, just as Canberra and Beijing announce closer cooperation to decarbonise the global steel industry.
Aker Carbon Capture pays $162mn in dividends after selling its main assets
Aker Carbon Capture distributed $162mn in dividends to its shareholders, a direct consequence of significant asset disposals and a substantial restructuring of its balance sheet in the second quarter of 2025.
Equinor buys 2.1 mn of its own shares for $201 mn in second 2025 phase
Equinor ASA acquired 2.1 mn of its own shares on the Oslo Stock Exchange for a total of $201 mn between July 7 and 11, continuing the second phase of its 2025 buyback programme.
Aker Horizons finalises the merger of its holding company with Aker ASA and restructures its portfolio
Norwegian group Aker Horizons transfers all its activities to a subsidiary of Aker ASA, sells major assets and prepares its new strategy after a half-year net loss of $220mn.
South Texas Electric Cooperative launches tender for 500 MW of dispatchable capacity
South Texas Electric Cooperative is seeking proposals for the acquisition or purchase of energy for 500 MW of dispatchable capacity, aiming to strengthen long-term supply security in the ERCOT region.
Canada allocates $16mn to modernise grids and drive energy innovation in the Maritimes
A federal funding package of $16mn aims to accelerate grid modernisation, renewable energy development and carbon capture in Canada’s Maritime provinces.
RTE and Nexans launch an industrial chain to recycle 600 tonnes of aluminium per year
RTE and Nexans announce the creation of a recycling chain dedicated to aluminium from electrical cables, targeting 600 tonnes annually and covering the entire industrial cycle from collection to production.
Three researchers win the 2025 Global Energy Prize for technological advances
Three scientists from China, the United States and Russia are laureates of the 2025 Global Energy Prize, honoured for their work on high-voltage power lines, fuel-cell catalysts and pulsed energy technologies.
Rio Tinto: five strategic priorities to close a 40% valuation discount
Rio Tinto’s new CEO inherits a significant stock market discount and will need to overcome major regulatory, operational, and financial hurdles to swiftly restore the company's appeal to international investors, according to a Wood Mackenzie analysis.
Westbridge launches Fontus, a strategic 380 MW data centre in Colorado
Westbridge Renewable Energy enters digital infrastructure market with Fontus, a 380 MW data centre campus in Colorado, positioned to meet strong growth in US cloud and artificial intelligence services.
Borr Drilling raises $102.5mn through issuance of 50 million ordinary shares
Offshore drilling company Borr Drilling Limited announced the completion of an initial tranche issuance of 30 million ordinary shares out of the planned 50 million, raising $61.5mn towards the total goal of $102.5mn.
EDF Restructures Governance to Accelerate Nuclear and Hydroelectric Projects
EDF announces a new internal organization with key executive appointments to enhance decision-making efficiency and expedite the revival of nuclear and hydroelectric projects central to its industrial strategy.
Rubis unveils half-year report on liquidity agreement with Exane BNP Paribas
Rubis announces half-year results of its liquidity agreement managed by Exane BNP Paribas, totalling 241,328 shares exchanged for an aggregate amount of €6.5mn in the first half of 2025.

LEGAL

FOSSILS

POLICY

RENEWABLE

PLUS

© XMARKET PUBLISHING