Iberdrola to buy rest of US power firm Avangrid in $2.6 billion deal
Iberdrola has agreed to buy the remaining 18.4% interest in Avangrid that it does not already hold, the U.S. subsidiary said on Friday, in an all-cash transaction worth around $2.6 billion.
The arrangement comes after Avangrid abandoned…
Vestas in line to supply 1GW-plus offshore wind farm in northern Europe
Vestas, the Danish wind turbine manufacturer, has secured a conditional agreement to supply turbines for an unspecified large-scale offshore wind project in Europe. The project's total capacity exceeds 1GW, surpassing Vestas' typical…
ACCIONA-led consortium to operate three desalination plants in Ibiza.
A consortium comprising ACCIONA and Aqualia has been awarded a contract by the Balearic Water and Environmental Quality Agency (Abaqua) to operate, maintain, and conserve the three desalination plants in Ibiza for the next four years.…
NIB and Stockholm Partner to Construct world’s largest underground wastewater facility.
NIB has signed a 10-year loan agreement with the City of Stockholm to build the world's largest underground wastewater treatment facility at Henriksdal.
The aim is to accommodate a growing population, reduce overflow into Lake Mälaren,…
Neom Scraps $1.5bn desalination plant project.
The joint development agreement (JDA) for a zero liquid discharge plant project in Saudi Arabia's Neom has expired and will not be renewed, resulting in the project's termination.
In December 2022, a consortium comprising Neom subsidiary…
EPA reports $630B needed for U.S. wastewater infrastructure over next two decades
The U.S. Environmental Protection Agency (EPA) has estimated that an investment of $630 billion will be needed to modernize and maintain the country's wastewater, stormwater, and other clean water infrastructure from 2022 to 2041.
This…
Thames Water wins share of £40 million in Ofwat’s latest Water Breakthrough Challenge
Thames Water has been awarded funding from Ofwat, the economic water regulator, as one of the winners of a £40 million competition.
The funding will support the ‘No Dig Leak Repair’ project, which aims to use innovative technologies such…
Veolia launches China’s first regeneration plant for enhanced industrial water purification
Veolia Water Technologies, a subsidiary of Veolia and a leading expert in water treatment technologies and services, has announced the opening of its first ion exchange regeneration facility in China.
The facility is equipped with…
Origin Energy unveils plans for 2 GWh battery in Australia
Origin Energy, an energy company based in Australia, has announced intentions to construct a potentially large battery energy storage system (BESS) in Queensland.
This is part of the company's ongoing efforts to expand its renewable…
World’s largest compressed air energy storage project comes online in China
ZCGN, a technology company in China, has activated the largest compressed air energy storage project globally.
This $207.8 million power station has a capacity of 300 MW/1,800 MWh and utilizes an underground salt cave for energy storage.…