RENEWABLE POWER Direct

Dominion Energy has sold a 50% noncontrolling interest in its 2.6-GW Coastal Coastal Virginia Offshore Wind (CVOW) commercial project to infrastructure investment group Stonepeak. The Richmond, Virginia–headquartered utility in an Oct. 25 financial filing said it received proceeds of $2.6 billion for the sale. The amount represents “reimbursement of approximately 50% of project-to-date capital investment.” […]

A California-based technology group has joined a global independent investment firm in an equity partnership that supports lease and power purchase agreements in the residential renewable energy sector. GoodLeap, headquartered in Roseville, California, and New York-based Tactical Infrastructure Partners (TIP) on Oct. 24 said they are acquiring more than $1.5 billion of residential solar and […]

A company backed by Japan’s SoftBank Group and Ares Climate Infrastructure said three solar power of its projects are now online in Texas. SB Energy, a renewable energy group focused on utility-scale installations, said the solar farms—with about 900 MW of combined generation capacity—will support the state’s power grid and provide electricity for Google’s data […]

The Bureau of Land Management (BLM) has given the go-ahead for a major geothermal energy project in Utah. The agency announced final approval for Fervo Energy’s Cape Geothermal Power Project in Beaver County, which the BLM said would use advanced geothermal technology to produce up to 2 GW of electricity. The BLM, part of the […]

The European Commission, the executive arm of the European Union (EU), has said countries across the continent should be encouraged to deploy energy storage. The group has said storage will support the integration of renewable energy resources to the grid, and increase power system flexibility. The use of energy storage also is key to Europe’s […]

Japan’s Sumitomo Corp and Perennial Power Holdings Inc., a subsidiary of Sumitomo Corp. of Americas, have set up a joint venture with Virginia-based CEP Solar LLC to deliver renewable energy projects across Virginia. The companies said the JV will provide support for the state’s energy supply, in part to help with power demand from Virginia’s […]

Chinese state-owned manufacturer Dongfang Electric announced the company has completed production of a 26-MW offshore wind turbine, continuing a trend of ever-more-powerful turbines from that country. The turbine’s nacelle, shown dwarfing company workers in a photo posted to social media on October 12, now ranks as the world’s largest. Dongfang said it has been designed […]

President Biden signed the Inflation Reduction Act (IRA) into law in 2022. The IRA is the largest public investments in renewable energy in American history and created more than 20 different tax incentives for renewable energy and related manufacturing. Certain Republic politicians have directed vitriol at the IRA. However, even if Republicans win the White […]

A startup company whose investors include Breakthrough Energy Ventures, the group led by Microsoft founder Bill Gates, said it has received about $14 million in new funding in support of a pilot project in Wyoming. Airloom Energy has said its technology is prepared to “revolutionize” wind power through the company’s new design for wind turbines, […]

A Chinese company has installed what it calls the world’s largest onshore wind turbine. Sany Group, a multinational firm known for its manufacturing of heavy equipment, on October 9 announced a 15-MW wind turbine has been placed in service at a site in Tongyu, Jilin Province, in China. Sany said the machine is a prototype […]