Republicans Introduce Bill to Eliminate Production Tax Credit

U.S. Sen. Kevin Cramer (R-ND) and John Hoeven (R-ND) have helped to introduce the PTC Elimination Act, a bill to completely phase out the federal production tax credit (PTC) for renewable energy sources like wind. The PTC Elimination Act amends … Read More

INEOS Concludes Wind Power Purchase Contract with ENGIE

INEOS, a global manufacturer of petrochemicals, specialty chemicals and oil products, has concluded the largest-ever purchase contract of wind energy for heavy industry in Belgium.  The 10-year agreement with energy producer ENGIE, for the purchase of renewable electricity, will give … Read More

Circle Power Executes Two PPAs with UPPCO

Circle Power, a Michigan-based renewable developer, has executed two power purchase agreements with Michigan’s Upper Peninsula Power Co. (UPPCO). Circle Power is backed by Amber Infrastructure and its U.S. parent Hunt Companies Inc. Eight wind turbines located in Houghton County, … Read More

RPMA Signs PPA with CIPCO

RPM Access LLC (RPMA), an independent Iowa wind developer, has signed a 20-year power purchase agreement (PPA) with Central Iowa Power Cooperative (CIPCO), a generation and transmission electric cooperative owned by member cooperatives. The power and its renewable energy credits … Read More

NJBPU, NJEDA Approve Two MOUs for Offshore Wind, Clean Energy Projects

The New Jersey Economic Development Authority (NJEDA) and the New Jersey Board of Public Utilities (NJBPU) have approved two memoranda of understanding (MOUs) that will make nearly $6 million available to support offshore wind and other clean energy projects in … Read More

Akuo-Led Consortium Completes Financing of Illinois Wind Farm

A consortium led by Akuo and composed of Harrison Street, Morgan Stanley and GE Energy Financial Services (GE EFS) say they have reached the financial close for Bennington Wind, a 93.06 MW onshore wind development project located approximately 100 miles … Read More

Korean Consortium Acquires Equity Interest in U.S. Wind Portfolio

Korea Hydro & Nuclear Power Co. Ltd., Alpha Asset Management, Sprott Korea Investment, Hana Financial Investment and Korea Investment & Securities, a consortium of Korean infrastructure investors, have signed definitive agreements to acquire a 49.9% equity interest in a portfolio … Read More

EnerVenue Launches with $12 Million in Funding

EnerVenue, a company that specializes in metal-hydrogen batteries, has launched with $12 million in seed funding.  The investment enables EnerVenue to accelerate the development of its safe, maintenance-free and cost-efficient clean energy storage solution. Based on technology proven over decades … Read More

Wind, Solar Expected to Soar Over Coal This Decade

The 2020s will be crucial for all the participants in the power industry as the transition toward renewable energy is expected to increase, while coal takes a downturn in most developed markets, according to Frost & Sullivan’s recent analysis, Growth … Read More

First State Investments Acquires Stake in Terra-Gen

First State Investments (FSI), a global investor in infrastructure, and Energy Capital Partners (ECP), a power and renewables private equity investor, say FSI is acquiring a 40% stake in Terra-Gen from ECP. The terms of the agreement were not disclosed. … Read More