Two leading renewable energy players partner on operational U.K. offshore wind farms. Brookfield to acquire a 12.45% stake in 3.5 GW offshore wind portfolio under long-term contracts LONDON, Oct. 30, 2024 (GLOBE NEWSWIRE) -- Ørsted (CPH: ORSTED) has signed a partnership agreement with Brookfield (NYSE: BAM, TSX: BAM), its institutional partners and its listed affiliate Brookfield Renewable (NYSE: BEP, BEPC;... Read more
Signed agreement with Clearway Group to commit to invest in a 500 MW solar plus storage project Received offer from Clearway Group to invest in a 320 MW storage hybridization project Reaffirming 2024 financial guidance and initiating 2025 financial guidance Increasing the quarterly dividend by 1.7% to $0.4240 per share in the fourth quarter of 2024, or $1.6960 per share annualized PRINCETON, N.J., Oct. 30,... Read more
VANCOUVER, BC / ACCESSWIRE / October 29, 2024 / Revolve Renewable Power Corp. (TSXV:REVV) (OTCQB:REVVF) ("Revolve" or the "Company"), a North American owner, operator and developer of renewable energy projects, reported its financial results for the year ended June 30, 2024 ("FY2024"). This earnings release should be read in conjunction with the Company's consolidated financial statements and management's... Read more
One of the largest corporate renewable energy agreements in India As part of the agreement, a community fund will be established to support initiatives such as rural electrification and women’s livelihoods NEW DELHI / Aug 27, 2024 / Business Wire / ReNew, India’s leading renewable energy company (NASDAQ: RNW), has today announced the signing of a green attribute sale contract of 437.6 MW with Microsoft. This... Read more
GURUGRAM, India / Aug 15, 2024 / Business Wire / ReNew Energy Global Plc (“ReNew” or “the Company”) (Nasdaq: RNW, RNWWW), a leading decarbonization solutions company, today announced its unaudited consolidated IFRS results for the three-month period ended June 30, 2024. Operating Highlights: As of June 30, 2024, the Company’s portfolio consisted of ~15.6 GWs, of which ~9.6 GWs are commissioned and ~6.0 GWs are... Read more
SCOTTSDALE, Ariz., Aug. 08, 2024 (GLOBE NEWSWIRE) -- TPI Composites, Inc. (Nasdaq: TPIC), today reported financial results for the second quarter ended June 30, 2024. “In the second quarter we were able to complete the divestiture of our Automotive business and we closed the Nordex Matamoros plant for Nordex, two loss making businesses that have negatively impacted TPI’s performance. We also continued the ramp of... Read more
Signed agreement with Clearway Group to commit to invest in 314 MW of solar plus storage projects Received offer from Clearway Group to invest in a 500 MW solar plus storage project Entered into new Resource Adequacy contract for Marsh Landing Reaffirming 2024 financial guidance Increasing the quarterly dividend by 1.7% to $0.4171 per share in the third quarter of 2024, or $1.6684 per share... Read more
CALGARY, Alberta, Aug. 01, 2024 (GLOBE NEWSWIRE) -- TransAlta Corporation (“TransAlta” or the “Company”) (TSX: TA) (NYSE: TAC) today reported its financial results for the three and six months ended June 30, 2024, demonstrating strong financial performance and reaffirming its 2024 outlook. Second Quarter 2024 Financial Highlights TransAlta’s second quarter results exceeded expectations and delivered strong free... Read more
Federal facilities in Illinois to be powered by nearly 80% wind energy CHICAGO, July 30, 2024 /PRNewswire/ -- Homefield Energy, a subsidiary of leading integrated power company Vistra, announces a multi-year contract with the U.S. General Services Administration (GSA) to provide carbon pollution-free electricity to federal facilities in Illinois. The contract with Homefield ensures that various federal... Read more
AYER, Mass., July 24, 2024 (GLOBE NEWSWIRE) -- AMSC (NASDAQ: AMSC), a leading system provider of megawatt-scale power resiliency solutions that orchestrate the rhythm and harmony of power on the grid™, and protect and expand the capability of our Navy’s fleet, today announced it has received an order worth over $12 million for its 3 megawatt (MW) class wind turbine electrical control systems (ECS)... Read more
GURUGRAM, India / Jun 05, 2024 / Business Wire / ReNew Energy Global Plc (“ReNew” or “the Company”) (Nasdaq: RNW, RNWWW), a leading decarbonization solutions company, today announced its unaudited consolidated IFRS results for Q4 FY24 and year ended March 31, 2024. Operating Highlights: As of March 31, 2024, the Company’s portfolio consisted of ~13.5 GWs, of which ~9.5 GWs are generating revenue and ~4 GWs are... Read more
CALGARY, Alberta, May 21, 2024 (GLOBE NEWSWIRE) -- TransAlta Corporation (“TransAlta” or the “Company”) (TSX: TA) (NYSE: TAC) announced today that the 200 MW Horizon Hill Wind Project ("Horizon Hill"), located in Logan County, Oklahoma, has achieved commercial operation. The facility is fully contracted to Meta Platforms Inc. ("Meta"), which is receiving both clean electricity and environmental attributes from the... Read more
MoU will support the financing and development of large-scale energy transition projects in India and globally NEW DELHI / May 15, 2024 / Business Wire / ReNew, India’s leading renewable energy company (NASDAQ: RNW), today announced that it has signed a Memorandum of Understanding (MoU) with Societe Generale, to support the financing and development of the Company’s various strategic energy transition projects... Read more
Signed agreements with Clearway Group to commit to invest in 55 MW of wind and 257 MW of solar plus storage projects Entered into new Resource Adequacy Contracts for Marsh Landing and Walnut Creek Reaffirming 2024 financial guidance Increasing the quarterly dividend by 1.7% to $0.4102 per share in the second quarter of 2024, or $1.64 per share annualized Continue to target annual dividend per share growth in... Read more
SCOTTSDALE, Ariz., May 07, 2024 (GLOBE NEWSWIRE) -- TPI Composites, Inc., (TPI) (Nasdaq: TPIC) today announced a groundbreaking initiative in partnership with the University of Maine Advanced Structures and Composites Center (ASCC) and Oak Ridge National Laboratory to utilize one of the world's largest 3D printers for the production of wind turbine tooling. The goal of this project is to understand how new... Read more
CALGARY, Alberta, May 03, 2024 (GLOBE NEWSWIRE) -- TransAlta Corporation (“TransAlta” or the “Company”) (TSX: TA) (NYSE: TAC) today reported its financial results for the first quarter ended March 31, 2024, demonstrating strong operational and financial performance and reaffirming its 2024 outlook. First Quarter 2024 Financial Highlights TransAlta’s first quarter results exceeded our expectations given the... Read more
SCOTTSDALE, Ariz., May 02, 2024 (GLOBE NEWSWIRE) -- TPI Composites, Inc. (Nasdaq: TPIC), today reported financial results for the first quarter ended March 31, 2024. “As expected, sales and adjusted EBITDA for the first quarter of 2024 were impacted by the timing of production line startups and transitions. As our customers prepare for an expected multi-year global wind market growth environment, we are excited to... Read more
First of its kind global framework agreement will accelerate the expansion of renewable energy capacity to contribute to Microsoft’s sustainability goals The five-year agreement outlines plans for the development of over 10.5 gigawatts of new renewable energy capacity, almost eight times larger than the largest single corporate PPA ever signedi Potential... Read more
CALGARY, Alberta, April 24, 2024 (GLOBE NEWSWIRE) -- TransAlta Corporation (“TransAlta” or the “Company”) (TSX: TA) (NYSE: TAC) announced today that the combined 300 MW White Rock East and White Rock West wind facilities (“White Rock”), located in Caddo County, Oklahoma, have achieved commercial operation. The White Rock wind facilities are fully contracted to Amazon Energy LLC (“Amazon”) and are currently... Read more
CALGARY, Alberta, April 19, 2024 (GLOBE NEWSWIRE) -- TransAlta Corporation (“TransAlta” or the “Company”) (TSX: TA) (NYSE: TAC) announced today that it has signed onto a voluntary water-sharing memorandum of understanding (“MOU”) with over thirty other water licence holders in the Bow River Basin. Water-sharing MOUs have been initiated by the Government of Alberta, across Southern Alberta, to coordinate water... Read more
ReNew is among the fastest clean energy companies to achieve the 10 GW milestone. The Company is one of the leading solar and wind energy producers in India, contributing approximately 10 percent of India’s overall RE generation. NEW DELHI / Apr 10, 2024 / Business Wire / ReNew (the “Company”), among the largest clean energy companies globally, announced on Wednesday that it has completed construction of 1.94... Read more
CALGARY, AB, Feb. 23, 2024 /CNW/ - TransAlta Corporation ("TransAlta" or the "Company") (TSX: TA) (NYSE: TAC) today reported its financial results for the fourth quarter and year ended Dec. 31, 2023, which highlight another year of exceptional performance led by strong financial, operational and safety results. Full Year 2023 Financial Highlights Key financial guidance and targets increased twice during... Read more
Committed to approximately $215 million of new long-term corporate capital investments in 2023 Signed contracts in last twelve months ensuring that 42% of the Resource Adequacy for Marsh Landing, Walnut Creek and El Segundo is contracted in 2027, with nearly 100% contracted through 2026 Reaffirming 2024 financial guidance Increased the quarterly dividend by 1.7% to $0.4033 per share in the first quarter of... Read more
SCOTTSDALE, Ariz., Feb. 22, 2024 (GLOBE NEWSWIRE) -- TPI Composites, Inc. (Nasdaq: TPIC), today reported financial results for the fourth quarter and full year ended December 31, 2023. “Once again, we demonstrated our ability to navigate a challenging macro environment and finished 2023 with $161 million of unrestricted cash, resulting from a significant improvement in working capital. Throughout the year, we took... Read more
GURUGRAM, India / Feb 20, 2024 / Business Wire / ReNew Energy Global Plc (“ReNew” or “the Company”) (Nasdaq: RNW, RNWWW), a leading decarbonization solutions company, today announced its unaudited consolidated IFRS results for Q3 FY24 and nine months ended December 31, 2023. Operating Highlights: As of December 31, 2023, the Company’s portfolio consisted of 13.8 GWs, of which ~8.5 GWs are commissioned and 5.3 GWs... Read more
Agreement expected to support 40 percent of AdventHealth's electricity needs BOULDER, Colo., Feb. 1, 2024 /PRNewswire/ -- Scout Clean Energy (Scout), a Colorado based renewable energy developer-owner-operator is pleased to announce they have signed a Virtual Power Purchase Agreement (VPPA) with AdventHealth for a 90-megawatt (MW) portion of Scout's Heart of Texas Wind Farm. This portion of the project is... Read more
Construction Milestone Marks the Largest Renewables Capacity Addition by AES in a Single Year ARLINGTON, Va., Jan. 18, 2024 /PRNewswire/ -- The AES Corporation (NYSE: AES) announced the completion of 3.5 GW of renewables projects in 2023, nearly doubling the capacity constructed compared to 2022. "In 2023, AES completed the construction of 3.5 GW of new renewables. This construction milestone represents a new... Read more
AYER, Mass., Jan. 16, 2024 (GLOBE NEWSWIRE) -- AMSC (NASDAQ: AMSC), a leading system provider of megawatt-scale power resiliency solutions that orchestrate the rhythm and harmony of power on the grid™, and protect and expand the capability of our Navy’s fleet, today announced it has received an $8 million order for its 3 megawatt (MW) class wind turbine electrical control systems (ECS) from Inox Wind... Read more
SCOTTSDALE, Ariz., Jan. 11, 2024 (GLOBE NEWSWIRE) -- TPI Composites, Inc., (TPI) (Nasdaq: TPIC), a global company focused on innovative and sustainable solutions to decarbonize and electrify the world, announced today the signing of its expanded supply agreements with GE Vernova in Mexico with additional production lines in a third facility within TPI’s Juarez campus to manufacture GE Vernova’s “workhorse” wind... Read more
DALLAS, Dec. 19, 2023 (GLOBE NEWSWIRE) -- Applied Digital Corporation (Nasdaq: APLD) ("Applied Digital " or the "Company"), a designer, builder, and operator of next-generation digital infrastructure designed for High-Performance Computing (“HPC”) applications, today announced TerraForm Power, owned by Brookfield, has entered into a long term Retail Electric Service Agreement with the Company for its 200-megawatt... Read more
SCOTTSDALE, Ariz., Dec. 19, 2023 (GLOBE NEWSWIRE) -- TPI Composites, Inc., (TPI) (Nasdaq: TPIC), a global company focused on innovative and sustainable solutions to decarbonize and electrify the world, announced today that it has extended and expanded its supply agreements with Nordex in Türkiye. Under the terms of the amended agreements, TPI will add two lines of manufacturing capacity bringing the total capacity... Read more
New Partnership Between Wallbox & WeaveGrid Unlocks EV Driver Benefits and Grid Flexibility SAN FRANCISCO & MOUNTAIN VIEW, Calif. / Dec 18, 2023 / Business Wire / WeaveGrid, a software company that enables rapid electric vehicle (EV) adoption on the electric grid, and Wallbox (NYSE: WBX), a leading provider of electric vehicle charging solutions, today announced a partnership that will expand access to... Read more
Highlights Expanded growth targets to deliver up to 1.75 GW with a target investment of $3.5 billion by 2028 which will deliver annual EBITDA of $350 million Growth will focus on customer-centred renewables and storage through the execution of its current 4.8 GW development pipeline Expand development pipeline to reach 10 GW by 2028 to enable additional growth potential TransAlta's Board of Directors has... Read more
GURUGRAM, India / Nov 20, 2023 / Business Wire / ReNew Energy Global Plc (“ReNew” or “the Company”) (Nasdaq: RNW, RNWWW), a leading decarbonization solutions company, today announced its consolidated unaudited IFRS results for the three-month period ended September 30, 2023. Operating Highlights: As of September 30, 2023, the Company’s portfolio consisted of 13.8 GWs, compared to 13.4 GWs as of September 30,... Read more
The Norwegian Climate Investment Fund, managed by Norfund, and KLP, Norway’s largest pension company, sign agreement to invest approx. $9m (INR 730m) for 49% stake in the second project in Gadag district in Karnataka, India ReNew commissions its first Interstate Transmission Project, the “Koppal Transmission Scheme” to help in transmission of 1.5GW of renewable energy in the Koppal Area of Karnataka ReNew has won... Read more
ReNew’s net-zero targets by 2040 validated by SBTi ~14.1 million tons of carbon emissions avoided during FY 2022–23, ~400 times its Scope 1 and 2 emissions 318,708 kiloliters of water saved during FY23, a 48% year-on-year increase 17,385 GWh of clean energy produced during FY23, enough to power 5 million Indian households annually 40% gender diversity of Board members 1mn+ lives benefited through CSR... Read more
CALGARY, AB, Nov. 7, 2023 /CNW/ - Third Quarter 2023 Financial Highlights Earnings before income taxes of $453 million, an improvement of $327 million from the same period in 2022 Net earnings attributable to common shareholders of $372 million, an increase of $311 million from the same period in 2022 Cash flow from operating activities of $681 million, an increase of $477 million from the same period in... Read more
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