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  • BP blasts back into solar with $200m Lightsource stake

    Oil major BP will return to the solar sector after six years by spending $200m for a 43% stake in PV developer Lightsource. The UK-based developer – which will become BP Lightsource – will leverage BP’s global heft to “focus on grid-connected plants and corporate power purchase agreements (PPAs) signed with private companies”, said a statement. Lightsource has successfully developed 1.3GW of sol

    Transition  rechargenews.com 15 Dec 08:39 GMT Andrew Lee in London

    Invenergy seals Illinois wind project construction financing

    Chicago-based Invenergy has completed construction financing for its 132MW Bishop Hill wind project in northwestern Illinois scheduled to enter commercial operation by mid-2018. Rabobank and NORD/LB acted as joint lead arrangers for the construction loan. Rabobank also acted as administrative agent and provided a letter of credit facility in support of the project. In August, the company anno

    Wind  rechargenews.com 14 Dec 21:07 GMT Richard A. Kessler in Fort Worth

    Solar developers face tight module market in 2018: IHS

    Despite significant policy uncertainty in the key US and Indian markets, global solar installations are expected to surge to a record 108GW in 2018, according to IHS Markit – in what would be the first time any renewable technology has cracked 100GW in a given year. That’s up from a projected 93GW of new solar installations in 2017, itself a new record, the market researcher tells Recharge. In a

    Solar  rechargenews.com 14 Dec 16:58 GMT Karl-Erik Stromsta in New York

    Simec Energy and Atlantis to form global renewables combine

    International energy services outfit Simec Energy has inked a ‘reverse takeover’ deal with tidal power pioneer Atlantis Resources to create a new global renewables player, Simec Atlantis Energy. Through the agreement, Simec, part of the GFG Alliance, will transfer ownership of its 363MW Uskmouth power station in South Wales — being converted into an end-of-waste biomass plant — in exchange for a

    Transition  rechargenews.com 14 Dec 15:42 GMT Darius Snieckus in London

    Vestas to merge Central and Northern Europe sales units

    Vestas on 1 January will merge its sales business units (SBU) for Northern Europe and Central Europe, as part of what the Danish wind turbine manufacturer says is its ambition to grow faster than an increasingly competitive market The newly-merged SBU will be headquartered in Hamburg – already the base of the Central Europe unit – and be headed by Nils de Baar, who has been leading the SBU Centra

    Wind  rechargenews.com 14 Dec 14:16 GMT Bernd Radowitz in Berlin

    The riddle of storage and the 1,000-piece energy puzzle

    DISPATCHES | Storage will be at the heart of utilities' strategies for the energy transition, but a conference in Brussels laid bare the scale of the challenges, writes Darius Snieckus

    Transition  rechargenews.com 14 Dec 12:27 GMT Darius Snieckus in Brussels

    India plans 5GW offshore wind auctions in 2018: minister

    India plans to hold auctions for 5GW of offshore wind power next year, the country’s power minister RK Singh said. No further details have been released about the auction plans, which would be the first offshore tenders in an Indian renewables sector so far dominated by onshore wind and PV. Speaking at an event, Singh is reported by Indian news agency PTI to have said: "Our target is that we wou

    Wind  rechargenews.com 14 Dec 11:19 GMT Andrew Lee

    Norway to open up sites for floating offshore wind

    Norway plans to open one or two sites to host floating offshore wind demonstration projects “as soon as possible”, said the country’s energy minister Terje Søviknes. The Norwegian Water Resources and Energy Directorate (NVE) will assess five potential areas for floating offshore development, said Søviknes. As part of a wider wind strategy launched by Norway, the floating developments are “not pr

    Wind  rechargenews.com 14 Dec 08:08 GMT Andrew Lee

    Wind smashes records in Alberta's first renewables tender

    Alberta announced the winners of its first renewables tender Wednesday, and the results blew away everyone’s expectations – with prices among the lowest seen for onshore wind anywhere in the world. The western Canadian province had been expected to award up to 400MW of new capacity in the first round of its Renewable Electricity Program (REP), but ended up awarding nearly 600MW at a weighted-aver

    Wind  rechargenews.com 13 Dec 23:30 GMT Karl-Erik Stromsta in New York

    PTC threat looms over PacifiCorp's huge wind expansion plans

    Warren Buffett’s PacifiCorp won a qualified victory with state regulators in Oregon, convincing them of the merits of proceeding swiftly with its massive $3.5bn wind and transmission expansion plan in the western US in order to capture benefits from the fading production tax credit (PTC). But PacifiCorp, comprising the rate-regulated utilities Rocky Mountain Power and Pacific Power, still faces h

    Wind  rechargenews.com 13 Dec 16:56 GMT Karl-Erik Stromsta in New York