Connection

popular articles

Shell plans massive cuts in its oil exploration division
Green hydrogen: McPhy Energy signs contract with Plansee Group in innovative project
Heat intensifies competition on Mediterranean LNG markets
China and India top the list of Russian oil importers in May
Denmark invests 13 billion euros to boost offshore wind power

United States: BluEarth acquires 1 GW of renewable energy projects

BluEarth Renewables has announced the acquisition of seven wind and solar development projects totaling approximately 1 GW in the United States.

Please share:

BluEarth turns to renewable energy in the United States. The company announces the acquisition of seven wind and solar development projects in the United States, totaling approximately 1 GW, from Ozone Renewables, LLC (“Ozone”). This transaction includes projects in Washington, Oregon, Ohio and Oklahoma.

A growing renewable energy development portfolio of over 7 GW for BluEarth

BluEarth, which already has more than 7 GW of renewable energy development wind, solar and high quality storage, will develop these projects in the United StatesBluEarth Renewable Energy United States in partnership with Pivot Power Management (“Pivot”). In addition, the expertise of Pivot’s team in developing these markets will complement BluEarth’s development team. This is BluEarth’s second acquisition from Ozone.

A lasting partnership to carry out BluEarth’s projects in the United States

Grant Arnold is President and CEO of BluEarth. He says he is pleased to expand the renewable energy portfolio by adding these projects that are well positioned in key markets in four U.S. states. He says this combination of projects fits perfectly with BluEarth’s strategic growth plans. Finally, he says he looks forward to working with Pivot’s experienced team to move development forward.

Nick Henriksen is the vice president of Greenfield development for Pivot. He said he is excited to expand their partnership with BluEarth through this acquisition. He is also confident that they will continue to work together to complete the projects.

Larry Seiler is development manager for Ozone’s renewable energy in Connecticut. He says Ozone is proud to provide a development portfolio to BluEarth. The latter is aligned with BluEarth’s mission for renewable energy in North America and its role is appreciated.

Renewable energy in development and new acquisitions in 2022 in the US for BluEarth

By 2022, BluEarth had already acquired 2 GW of development projects. These were located in Pennsylvania, Missouri and Ohio. There are also some in Colorado and Nevada in addition to various entirely new projects. Construction is also underway on nearly 200 MW of new projects in Alberta and the 280 MW Two Rivers Wind Project in Wyoming is expected to begin construction in 2023.

Register free of charge for uninterrupted access.

Publicite

Latest news

Major companies pledge to triple global nuclear capacity by 2050
ExxonMobil and ARC Resources sign 20-year LNG contract linked to JKM
Enel doubles its net profit to €7 billion in 2024 despite falling energy prices
India Proposes the Creation of a Coal Exchange for the Domestic Market
Egypt plans to lease natural gas liquefaction facilities in Germany

Recently published in

Enel doubles its net profit to €7 billion in 2024 despite falling energy prices

Enel doubled its net profit to €7 billion in 2024, despite the decline in electricity and gas prices. The company also reduced its net debt through asset disposals and implemented a strategy focused on profitability.
US data centre capacity exceeds 92 GW by the end of 2024, according to Wood Mackenzie
US data centre capacity surpassed 92 GW by the end of 2024, with a significant rise in investments and larger projects, driven by the increasing demand for artificial intelligence (AI).
en_1140290958540-10
US data centre capacity exceeds 92 GW by the end of 2024, according to Wood Mackenzie
US data centre capacity surpassed 92 GW by the end of 2024, with a significant rise in investments and larger projects, driven by the increasing demand for artificial intelligence (AI).
en_1140290958540-10
Viridien raises $925 million to refinance its debt
Viridien S.A. has completed a $925 million senior secured bond issuance to refinance its second-lien debt and strengthen its liquidity profile. Rating agencies have upgraded their assessments following this transaction.
en_1140290952540-9
Viridien raises $925 million to refinance its debt
Viridien S.A. has completed a $925 million senior secured bond issuance to refinance its second-lien debt and strengthen its liquidity profile. Rating agencies have upgraded their assessments following this transaction.
en_1140290952540-9
JSW Energy acquires KSK Mahanadi Power for $1.93 billion
JSW Energy has completed the acquisition of KSK Mahanadi Power Company Limited for $1.93 billion, adding 1,800 MW to its operational capacity and bringing its total capacity beyond 10 GW.
en_1140290959540-7
JSW Energy acquires KSK Mahanadi Power for $1.93 billion
JSW Energy has completed the acquisition of KSK Mahanadi Power Company Limited for $1.93 billion, adding 1,800 MW to its operational capacity and bringing its total capacity beyond 10 GW.
en_1140290959540-7

Velto Renewables and Q ENERGY join forces to acquire 530 MW in Europe

Velto Renewables, backed by Caisse de dépôt et placement du Québec (CDPQ), and Q ENERGY have signed an agreement to acquire renewable energy projects in Europe. An initial portfolio of 130 MW has been acquired in France, with an additional 400 MW planned in Spain and Portugal.
Getlink’s net profit drops by 5% in 2024, impacted by competition and ElecLink suspension
In 2024, Getlink reported a 5% drop in net profit, reaching €317 million. This decline is attributed to the temporary suspension of its ElecLink cross-Channel cable and the growing competition from ferries.
en_1140290943540-6
Getlink’s net profit drops by 5% in 2024, impacted by competition and ElecLink suspension
In 2024, Getlink reported a 5% drop in net profit, reaching €317 million. This decline is attributed to the temporary suspension of its ElecLink cross-Channel cable and the growing competition from ferries.
en_1140290943540-6
Baker Hughes and Woodside Energy announce partnership to develop small-scale decarbonisation technology
Baker Hughes and Woodside Energy have signed an agreement to develop a low-carbon energy production solution using the NET Power platform, targeting the energy and industrial sectors at small scale.
en_1140290945540-5
Baker Hughes and Woodside Energy announce partnership to develop small-scale decarbonisation technology
Baker Hughes and Woodside Energy have signed an agreement to develop a low-carbon energy production solution using the NET Power platform, targeting the energy and industrial sectors at small scale.
en_1140290945540-5
Vaalco Energy secures $300 million revolving credit facility
Vaalco Energy, Inc. has announced the signing of a new $300 million revolving credit facility with The Standard Bank of South Africa Limited, aimed at supporting its growth projects and investments across its African assets.
en_1140290950540-4
Vaalco Energy secures $300 million revolving credit facility
Vaalco Energy, Inc. has announced the signing of a new $300 million revolving credit facility with The Standard Bank of South Africa Limited, aimed at supporting its growth projects and investments across its African assets.
en_1140290950540-4

Public companies emit more CO2 than private firms, according to a study

State-owned companies, such as Saudi Aramco, are responsible for more CO2 emissions than private firms like Shell or ExxonMobil, according to a study by the British think tank InfluenceMap.
Con Edison launches public offering of 6.3 million common shares
Consolidated Edison announces the sale of 6.3 million common shares via Barclays, with proceeds intended to support its capital needs and other business purposes.
en_1140290955540-4
Con Edison launches public offering of 6.3 million common shares
Consolidated Edison announces the sale of 6.3 million common shares via Barclays, with proceeds intended to support its capital needs and other business purposes.
en_1140290955540-4
Eco Wave Power Reports Improved Financial Performance and Significant Progress in Global Projects
Eco Wave Power shows notable financial progress for 2024, with reduced operating expenses and a strengthened cash position. The company continues its international expansion with key projects in Israel, the United States, Portugal, and Asia.
en_1140290957540-3
Eco Wave Power Reports Improved Financial Performance and Significant Progress in Global Projects
Eco Wave Power shows notable financial progress for 2024, with reduced operating expenses and a strengthened cash position. The company continues its international expansion with key projects in Israel, the United States, Portugal, and Asia.
en_1140290957540-3
ABB invests $120 million in two US factories to meet data centre demand
Industrial group ABB announces a $120 million investment in two new US factories aimed at boosting production capacity to meet the strong demand from data centres.
en_1140290954540-3
ABB invests $120 million in two US factories to meet data centre demand
Industrial group ABB announces a $120 million investment in two new US factories aimed at boosting production capacity to meet the strong demand from data centres.
en_1140290954540-3

La Caixa acquires 5% stake in Veolia, becoming strategic investor

Spanish banking group La Caixa takes a 5% stake in Veolia, becoming a strategic investor in the French environmental services giant. The collaboration aims to support Veolia's development plan.
Eni and PETRONAS announce joint venture project to create a major player in Southeast Asia
Eni and PETRONAS partner to create a joint venture in the energy sector, combining their assets in Indonesia and Malaysia to form a strategic player with reserves estimated at 3 billion barrels of oil equivalent.
en_1140290945540-2
Eni and PETRONAS announce joint venture project to create a major player in Southeast Asia
Eni and PETRONAS partner to create a joint venture in the energy sector, combining their assets in Indonesia and Malaysia to form a strategic player with reserves estimated at 3 billion barrels of oil equivalent.
en_1140290945540-2
Boralex reports net earnings of $74 million for fiscal 2024 and continues construction of its large-scale projects
Boralex reported financial results for 2024 marked by lower production due to adverse weather conditions but maintains a strong financial position thanks to record financing and the progression of its renewable energy projects.
en_1140290959540
Boralex reports net earnings of $74 million for fiscal 2024 and continues construction of its large-scale projects
Boralex reported financial results for 2024 marked by lower production due to adverse weather conditions but maintains a strong financial position thanks to record financing and the progression of its renewable energy projects.
en_1140290959540
Canada: Kineticor and Pembina launch joint project for an energy and data centre complex
Kineticor Asset Management and Pembina Pipeline Corporation announce a partnership to develop a major project in Alberta, combining an electricity generation plant and a data centre complex. The project aims to meet the growing demand of the local data centre industry.
en_1140290955540
Canada: Kineticor and Pembina launch joint project for an energy and data centre complex
Kineticor Asset Management and Pembina Pipeline Corporation announce a partnership to develop a major project in Alberta, combining an electricity generation plant and a data centre complex. The project aims to meet the growing demand of the local data centre industry.
en_1140290955540

EDP reports a 16% drop in annual profit, impacted by renewables

Portuguese group Energias de Portugal (EDP) announces a 16% decrease in its 2024 annual profit, affected by disappointing performance in its renewable energy subsidiary, particularly due to the abandonment of wind projects.
Eni supports its shareholders while continuing its energy transition
Despite a drop in its profits in 2024, Eni confirms its strategy of energy transition and shareholder remuneration. The company plans significant investments in renewable energy and biofuel production.
en_1140290954540
Eni supports its shareholders while continuing its energy transition
Despite a drop in its profits in 2024, Eni confirms its strategy of energy transition and shareholder remuneration. The company plans significant investments in renewable energy and biofuel production.
en_1140290954540
Mainstream Renewable Power appoints Morten Henriksen as CEO
Mainstream Renewable Power has announced the appointment of Morten Henriksen as CEO, effective from April 1, 2025, as part of its strategy to focus on cost reduction and expansion into three key markets.
en_1140290958540
Mainstream Renewable Power appoints Morten Henriksen as CEO
Mainstream Renewable Power has announced the appointment of Morten Henriksen as CEO, effective from April 1, 2025, as part of its strategy to focus on cost reduction and expansion into three key markets.
en_1140290958540
Engie plans to strengthen its renewable capacity with an investment of €24bn by 2027
Engie aims to accelerate its growth through 2030 by investing in renewable energy, batteries, and electrical grids, with a target of 95 GW of installed capacity by 2030.
en_1140290947540
Engie plans to strengthen its renewable capacity with an investment of €24bn by 2027
Engie aims to accelerate its growth through 2030 by investing in renewable energy, batteries, and electrical grids, with a target of 95 GW of installed capacity by 2030.
en_1140290947540

Technip Energies reports a 31% rise in net profit driven by LNG and decarbonised electricity

In 2024, Technip Energies posted a significant increase in net profit, supported by liquefied natural gas (LNG) markets and decarbonised electricity production. The French group anticipates strong prospects for 2025.
Vallourec sees 2024 profit decline but announces first dividend in ten years
French pipe manufacturer Vallourec reported a 9% decline in net profit for 2024 but plans to pay a dividend of €1.50 per share, its first in ten years.
en_1140290944540-18
Vallourec sees 2024 profit decline but announces first dividend in ten years
French pipe manufacturer Vallourec reported a 9% decline in net profit for 2024 but plans to pay a dividend of €1.50 per share, its first in ten years.
en_1140290944540-18
Iberdrola posts record profit of €5.61 billion in 2024
Iberdrola achieved a record net profit of €5.61 billion in 2024, a 17% increase over 2022, driven by asset sales and increased investment in renewable energy.
en_1140290946540-18
Iberdrola posts record profit of €5.61 billion in 2024
Iberdrola achieved a record net profit of €5.61 billion in 2024, a 17% increase over 2022, driven by asset sales and increased investment in renewable energy.
en_1140290946540-18
Eni: sharp drop in profit in 2024 due to falling prices
Italian energy group Eni reports a 45% drop in net profit in 2024, reaching €2.46 billion, impacted by lower gas and oil prices. Its shares fell on the stock market after results fell short of expectations.
en_1140290955540-18
Eni: sharp drop in profit in 2024 due to falling prices
Italian energy group Eni reports a 45% drop in net profit in 2024, reaching €2.46 billion, impacted by lower gas and oil prices. Its shares fell on the stock market after results fell short of expectations.
en_1140290955540-18

Advertising

LEGAL

FOSSILS

POLICY

RENEWABLE

PLUS

VERVANT

Welcome

Your subscription

Included in this subscription:

COMMUNICATE ON ENERGYNEWS