TotalEnergies acquires Quadra Energy
TotalEnergies has signed deals to acquire Quadra Energy, a German company that specialises in renewable electricity aggregation. Quadra Energy is one of Germany’s top three renewable energy aggregators, with a 9 GW virtual power plant. The acquisition, which is subject to regulatory approval, will strengthen TotalEnergies’ integrated power business in Germany.
It will enable TotalEnergies to offer competitive corporate power purchase agreements (PPAs) and clean firm power to German customers by leveraging Quadra Energy’s expertise, weather-forecasting platform, and trading capacity. In addition, Quadra Energy’s knowledge of local renewable developers will help TotalEnergies expand its own renewable production capacity in the country.
Source: TotalEnergies
Aspen Power Completes 14 New Solar Projects in Georgia
Aspen Power has completed the construction of 14 solar projects acquired from Inman Solar in Georgia. Aspen Power will own and operate these projects, which total 49.4 MW of generation capacity. To maximise energy production, the solar panels are fitted with single-axis trackers. Through long-term power purchase agreements, the projects will supply energy directly to Georgia Power.
This acquisition expands Aspen Power’s presence in Georgia, bringing the company’s total number of solar projects to 43, with a combined generating capacity of more than 140 MW. It demonstrates Aspen Power’s dedication to advancing clean energy goals and democratising decarbonization.
Source: Aspen Power
Govt injects $69m into Central Queensland Hydrogen Hub
The federal government of Australia will invest $69.2 million in Gladstone’s Central Queensland Hydrogen Hub (CQ-H2). CQ-H2 intends to produce 292,000 tonnes of hydrogen per year by 2031 in order to support Australia’s heavy vehicle fleet. A hydrogen electrolyzer, pipeline, and underground storage are all part of the project.
The consortium will be led by the Stanwell Corporation, which will invest at least $138 million. The hub will be operational by mid-2027, with construction beginning next year. As the country transitions to renewable energy, the hydrogen industry is expected to generate $50 billion in additional GDP by 2050, creating jobs in regional Australia.
Source: Stanwell Corporation
Australian solar glass firm inks first commercial deal in US
ClearVue Technologies, an Australian manufacturer of solar glass, has received its first commercial order in the United States. Greenhouse System USA has placed an order for ClearVue’s clear solar glass solutions worth AUD$252,000 to be integrated into its existing greenhouse structure. This integration will produce approximately 82kW of solar power while lowering the facility’s carbon footprint.
This order validates ClearVue’s strategy for targeting the US protected cropping agriculture market, presenting a significant opportunity in the global solar greenhouse glass industry. ClearVue is excited about the partnership with System the United States of America and hopes to maintain the relationship as their US-based distributor.
Source: ClearVue Technologies
CEFC investments reach $1.9B in 22-23
The CEFC’s annual report for 2022-23 shows $1.9 billion in investments in renewable energy, energy efficiency, and low-emission technologies through 30 new and 20 follow-on transactions. With over $30 billion in funding, the CEFC is an important partner in Australia’s efforts to achieve net zero emissions by 2050.
The report emphasises the role of CEFC investments in accelerating the clean energy transition and contributing to Australia’s decarbonization targets. The Rewiring the Nation Fund ($19 billion), Household Energy Upgrades Fund ($1 billion), and Powering Australia Technology Fund ($500 million) are notable investments.
Source: CEFC
Fed Gov to invest additional $2B in critical minerals
The Australian Federal Government announced a $2 billion investment in the critical minerals industry to help the economy, create jobs, and accelerate the transition to net zero energy. The Critical Minerals Facility’s expansion will more than double its capacity to finance mining and processing projects, bringing the government’s value-added investments in Australian resources to $6 billion.
Cooperation with the United States on critical minerals is critical for meeting emissions targets, decarbonizing the economy, and developing clean energy industries. The investment will help to build long-term and secure critical mineral supply chains with the US, promoting a clean energy future and economic growth.
Source: Australian Federal Government
Masdar signs 1 GW clean energy agreement in Azerbaijan
Masdar has signed agreements for solar and onshore wind projects totaling 1 GW in Azerbaijan. This comes on the heels of the inauguration of the 230 MW Garadagh Solar Park, the region’s largest operational solar plant.
The agreements are part of Azerbaijan’s 10-GW pipeline of renewable energy projects. Azerbaijan’s goal is to generate more than 30% of its energy capacity from renewable sources by 2030. The Garadagh plant, which is being co-financed by several organisations, will generate half a billion KWh of electricity per year, reducing carbon emissions by over 200,000 tonnes per year.
Source: Masdar
Neoen and Alight launch the construction of 100 MWp solar farm in Sweden
The 100 MWp Hultsfred solar farm in Sweden, the largest solar project under construction in the country, has begun construction by Neoen and Alight. The Neoen and Alight solar farm will be connected to the E.ON local grid distribution system in Hultsfred, Smland, and is expected to generate sufficient electricity to power over 18,000 Swedish homes.
A long-term power purchase agreement with H&M Group supports the project, which contributes to their goal of sourcing renewable electricity by 2030. This solar farm represents an important step in Sweden’s transition to a more sustainable future.
Source: Neoen
