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 ​
Permex Petroleum raises US$2mn through convertible debentures to support operations
Canada allocates $16mn to modernise grids and drive energy innovation in the Maritimes
MN8 Energy raises $575mn with Natixis CIB to strengthen its US solar debt
Saudi Aramco Sharply Raises Crude Prices for Asia in August
Global PV inverter shipments reach 589 GWac as Asia-Pacific dominates in 2024
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.
CNOOC appoints Zhang Chuanjiang as new chairman to lead global strategy
Chinese oil giant CNOOC Limited appoints Zhang Chuanjiang as chairman, entrusting this experienced engineer to head the group's board of directors, strategic committee, and sustainability committee from July 8.
PTT Oil posts record profit and accelerates expansion in Asia
PTT Oil and Retail Business announces a 46% increase in net profit for the first quarter of 2025, driven by regional expansion in its energy and non-energy activities, alongside an integrated ESG strategy.
Shell forecasts decline in key business activities in second quarter
Shell revises downward its forecasts for the second quarter of 2025, anticipating notably a decline in Integrated Gas and Upstream segments, impacted by reduced volumes and lower profitability in several major activities.
Subsea 7 secures sizeable subsea contract for Egyptian tie-back
The Luxembourg-based group will handle engineering, procurement, commissioning and installation of flexible pipelines and umbilicals to link a new field to Egypt’s existing offshore infrastructure, with offshore work scheduled for 2026.
Octopus Energy prepares $14 billion spin-off of Kraken
British firm Octopus Energy is considering a £10 billion spin-off of Kraken Technologies, involving an upcoming minority stake sale, and has initiated preliminary discussions with banks to oversee the strategic operation within the next year.
Ardian completes Akuo takeover and installs Bruno Bensasson at the helm
Investment fund Ardian finalises its takeover of Akuo and appoints former Électricité de France executive Bruno Bensasson to steer the renewable-energy developer’s growth towards five gigawatts of installed capacity by 2030.
TotalEnergies acquires 1.5 GW of AES renewable assets in the Caribbean
TotalEnergies acquires 50% of AES' renewable portfolio in the Dominican Republic following a previous purchase of 30% of similar assets in Puerto Rico, consolidating 1.5 GW of solar, wind, and battery storage capacities in the Caribbean.
TotalEnergies sells 50% of its renewable assets in Portugal for €178.5mn
TotalEnergies is selling half of a 604 MW Portuguese energy portfolio to the Japanese consortium MM Capital, Daiwa Energy and Mizuho Leasing for €178.5mn, retaining operation and future commercialisation of the assets concerned.
Q ENERGY raises €109 million from BPCE Energeco for renewable projects
Q ENERGY France secures a bank financing of €109 million arranged by BPCE Energeco to build four new energy production facilities, totalling 55 MW of wind and solar capacity by the end of 2024.
Shell forced to amend two annual reports following EY’s compliance breach
Shell announces amendment of two annual reports after notification by Ernst & Young of non-compliance with SEC auditor partner rotation rules; however, financial statements remain unchanged.
Ecopetrol obtains authorization to expand its sustainable bond issuance program
The Financial Superintendency of Colombia approves an amendment to Ecopetrol’s local bonds and commercial paper program, enabling issuance of sustainable, indexed, or in-kind repayable instruments.
ABO Energy sells its Greek subsidiary to HELLENiQ ENERGY Holdings
ABO Energy is selling its subsidiary ABO Energy Hellas and an energy project portfolio of approximately 1.5 gigawatts to HELLENiQ ENERGY Holdings, thus refocusing its strategic resources towards other markets, notably Germany, without major financial impact anticipated for 2025.
Iberdrola increases supplementary dividend by 16.5% to €0.409 per share
Iberdrola announces a supplementary dividend of €0.409 per share for 2024 under the "Iberdrola Retribución Flexible" programme, bringing the total annual remuneration to €0.645 per share, representing a year-on-year increase of 15.6%.
BHP signs with COSCO to charter two ammonia-powered bulk carriers
BHP has signed contracts with COSCO Shipping to charter two ammonia-powered Newcastlemax bulk carriers, primarily for transporting iron ore between Western Australia and Northeast Asia starting from 2028.

LEGAL

FOSSILS

POLICY

RENEWABLE

PLUS

© XMARKET PUBLISHING