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
Highlights Highly accretive to free cash flow and cash yield upon closing with approximately 55% of revenues contracted with a weighted-average remaining life of 16 years Transaction valued at approximately $658 million, inclusive of the assumption of $268 million of low-cost debt, with an expected EBITDA multiple of approximately 5.5x Corporate pre-tax synergies expected to exceed $20 million annually Adds... Read more
Signed agreement with Clearway Group to commit to invest in the 452 MW Texas Solar Nova solar projects Received enhanced offer from Clearway Group to invest in Dan's Mountain Wind Received offer from Clearway Group to invest in 572 MW of solar plus storage projects Entered into new Resource Adequacy contracts for Marsh Landing and El Segundo Reiterating 2023 financial guidance range and initiating 2024... Read more
SCOTTSDALE, Ariz., Nov. 02, 2023 (GLOBE NEWSWIRE) -- TPI Composites, Inc. (Nasdaq: TPIC), today reported financial results for the third quarter ended September 30, 2023. "I was pleased with the results of our focus on cash flow and liquidity in the quarter as we finished with $161 million of unrestricted cash. Our team executed numerous cash flow initiatives to help us navigate a quarter that included a $22.6... Read more
MONACO, Oct. 24, 2023 (GLOBE NEWSWIRE) -- Eneti Inc. (NYSE:NETI) (the “Company”) announced today that Seajacks UK Limited, a wholly-owned subsidiary of the Company and a leading provider of installation and maintenance vessels to the offshore wind sector, has signed a contract with an undisclosed client to transport and install turbines. With mobilization commencing in the second quarter of 2027, the contract will... Read more
MONACO, Oct. 18, 2023 (GLOBE NEWSWIRE) -- Eneti Inc. (NYSE:NETI) (the “Company”) announced today that Seajacks UK Limited, a wholly-owned subsidiary of the Company and a leading provider of installation and maintenance vessels to the offshore wind sector, has signed a contract with an undisclosed client to assist with the installation of wind turbines. With mobilization commencing in 2024, the contract will be... Read more
CALGARY, AB, Oct. 5, 2023 /CNW/ - TransAlta Corporation ("TransAlta" or the "Company") (TSX: TA) (NYSE: TAC) and TransAlta Renewables Inc. ("RNW") (TSX: RNW) are pleased to announce the completion of the acquisition of RNW by TransAlta pursuant to the terms of the previously announced arrangement agreement between the parties (the "Arrangement"). Under the Arrangement, TransAlta acquired all of the outstanding... Read more
SCOTTSDALE, Ariz., Sept. 13, 2023 (GLOBE NEWSWIRE) -- TPI Composites, Inc., (TPI) (Nasdaq: TPIC) announced today that it has moved to the second phase of development with the University of Tennessee Knoxville (UT) in creation of glass fiber yarns from end-of-life wind blades. The completion of the second phase will create new opportunities for materials reclaimed from decommissioned blades. The recycled materials... Read more
Signed agreements with Clearway Group to commit to invest in a 147 MW battery energy storage system and a 160 MW wind farm Received offer from Clearway Group to invest in a 55 MW wind farm Updating 2023 financial guidance Raising Pro Forma CAFD Outlook Increasing the quarterly dividend by 2% to $0.3891 per share in the third quarter of 2023, or $1.5564 per share annualized Continue to target annual dividend... Read more
CALGARY, AB, Aug. 4, 2023 /CNW/ - Second Quarter 2023 Financial Highlights Adjusted EBITDA(1) of $387 million, an increase of 39 per cent over the same period in 2022 Free Cash Flow ("FCF")(1) of $278 million, or $1.05 per share, an increase of 94 per cent on a per-share basis from the same period in 2022 Earnings before income taxes of $79 million, an improvement of $101 million from the same period in... Read more
SCOTTSDALE, Ariz., Aug. 03, 2023 (GLOBE NEWSWIRE) -- TPI Composites, Inc. (Nasdaq: TPIC), today reported financial results for the second quarter ended June 30, 2023. “I’m pleased to report that TPI and GE have reached an agreement in principle to amend their existing supply agreement in Mexico to add four new lines of capacity to produce blades for GE’s “workhorse” turbine in Juarez, with an initial term through... Read more
GURUGRAM, India / Jul 26, 2023 / Business Wire / ReNew Energy Global Plc (“ReNew”) (Nasdaq: RNW, RNWWW), India's leading decarbonisation solutions company, through its subsidiary ReNew Power Pvt. Ltd. (ReNew) and clean energy solutions provider Gentari, through its subsidiary Gentari Renewables India Pte. Ltd., have executed key terms to collaborate on a 50:50 joint venture in clean energy solutions. The term sheet... Read more
SCOTTSDALE, Ariz., July 26, 2023 (GLOBE NEWSWIRE) -- TPI Composites, Inc. (Nasdaq: TPIC), today announced selected, preliminary estimated financial results for the second quarter ended June 30, 2023, and provided updated guidance for the year ending December 31, 2023. Additionally, the Company reaffirmed it will release second quarter 2023 earnings after the market close on Thursday, August 3, 2023, to be followed... Read more
New Board members to replace retiring Directors Will increase gender diversity of the Independent Board GURGAON, India / Jul 24, 2023 / Business Wire / ReNew Energy Global Plc (“ReNew”) (Nasdaq: RNW, RNWWW), India's leading renewable energy company and a preferred decarbonisation partner, announced on Monday that the Board of Directors has appointed Ms. Paula Gold-Williams, Ms. Nicoletta Giadrossi and Mr.... Read more
PFC, REC commit to debt funding of INR 320 bn (~US $3.9 bn) each GURUGRAM, India / Jul 21, 2023 / Business Wire / ReNew Energy Global Plc (“ReNew”) (Nasdaq: RNW, RNWWW), India's leading decarbonisation solutions company, announced on Friday that it has signed Memorandums of Understanding (MoUs) worth INR 640 billion (~US $7.8 bn) with Power Finance Corporation (PFC) and Rural Electrification Corporation (REC)... Read more
MONACO, July 17, 2023 (GLOBE NEWSWIRE) -- Eneti Inc. (NYSE:NETI) (the “Company”) announced today that Seajacks UK Limited, a wholly-owned subsidiary of the Company, has signed two new contracts in the offshore wind sector in NW Europe for between 62 and 82 days of employment for two of its NG2500X-class vessels that will generate between approximately $5.2 million and $6.7 million of revenue in... Read more
PRINCETON, N.J., July 13, 2023 (GLOBE NEWSWIRE) -- Clearway Energy, Inc. (NYSE: CWEN, CWEN.A) (“Company”) today announced that wind production for its fleet in the second quarter of 2023 was approximately 25% below internal median production estimates, which was inclusive of the Alta Wind Complex’s wind production at approximately 20% below internal expectations. This deviation in the Company’s wind... Read more
Business combination creates a unified, large-scale clean electricity leader to serve customers with clean and reliable electricity Creates a single, publicly-traded entity with one strategy and a simplified governance structure that facilitates growth, and provides greater clarity around the execution of the Clean Electricity Growth Plan The combined company enhances diversification, increases public float and... Read more
MONACO, June 16, 2023 (GLOBE NEWSWIRE) -- Cadeler A/S (OSE: CADLR) (“Cadeler”) and Eneti Inc. (NYSE: NETI) (“Eneti”), two offshore wind turbine and foundation installation companies, announce today that they have entered into a business combination agreement to combine (the "Combination") through a stock-for-stock exchange offer to be made to all stockholders of Eneti based on an exchange ratio of 3.409 Cadeler... Read more
TEL AVIV, Israel, June 12, 2023 (GLOBE NEWSWIRE) -- Enlight Renewable Energy (“Enlight”) (NASDAQ: ENLT, TASE: ENLT) a leading global renewable energy platform, is pleased to announce the successful commissioning of the first wind turbine at Genesis Wind. With a total capacity of 207 MW, Genesis Wind is set to be the largest renewable energy project in Israel, revolutionizing the renewable energy landscape across... Read more
GURUGRAM, India / Jun 06, 2023 / Business Wire / ReNew Energy Global Plc (“ReNew” or “the Company”) (Nasdaq: RNW, RNWWW), a leading decarbonization solutions company, today announced its consolidated IFRS results for Q4 FY23 and the fiscal year ended March 31, 2023. Operating Highlights: As of March 31, 2023, the Company’s portfolio consisted of 13.7 GWs, a 28.2% increase year on year, of which ~ 8.0 GWs are... Read more
Atco Mining Inc. (the “Company” or “Atco”) (CSE:ATCM) (Frankfurt:QP9) (US:ATMGF) is pleased to provide the following project and corporate update following the Company’s identification of multiple high-priority targets on its 100%-owned salt projects in the prolific St. George’s Bay Basin in southwestern Newfoundland. Project Update During the first... Read more
Largest Wind Project in Arizona to Generate 238 MW of Clean Energy in Phase One ARLINGTON, Va., June 1, 2023 /PRNewswire/ -- The AES Corporation (NYSE: AES) today announced the start of commercial operations for phase one of the Chevelon Butte wind farm. The project is located on the Chevelon Butte Ranch in Coconino and Navajo Counties, Arizona. AES' Chevelon Butte project is expected to produce a total of 454 MW... Read more
AYER, Mass., May 31, 2023 (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 agreed to deliver nearly $20 million of demand for its wind turbine electrical control systems (ECS) to Inox Wind... Read more
First Quarter 2023 Financial Highlights Adjusted EBITDA(1),(2) of $503 million, an increase of 94% over the same period in 2022 Free Cash Flow ("FCF")(1) of $263 million, or $0.98 per share, an increase of 145% on a per-share basis from the same period in 2022 Earnings before income taxes of $383 million, an improvement of $141 million from the same period in 2022 Net earnings attributable to common... Read more
Repowering Cedro Hill with PPA extension to 2045 and increasing project size to 160MW Increased size of revolving credit facility to $700 million Reaffirming 2023 financial guidance and pro forma CAFD outlook Increasing the quarterly dividend by 2% to $0.3818 per share in the second quarter of 2023, or $1.5272 per share annualized Continue to target annual dividend per share growth in the upper range of 5% to... Read more
SCOTTSDALE, Ariz., May 03, 2023 (GLOBE NEWSWIRE) -- TPI Composites, Inc. (Nasdaq: TPIC), today reported financial results for the first quarter ended March 31, 2023. “Despite a challenging global wind market and economic climate, we delivered solid sales and earnings performance, which were in line with our internal plans,” said Bill Siwek, President and CEO of TPI Composites. “To further bolster our balance... Read more
Order book oversubscribed about 4 times resulting in 35bps tightening of pricing and marking the end of a year-long hiatus for India high-yield new issuances GURUGRAM, India / Apr 20, 2023 / Business Wire / ReNew Energy Global Plc (“ReNew” or “the Company”) (Nasdaq: RNW, RNWWW), India’s leading clean energy company (in terms of total commissioned capacity), said on Thursday that its wholly-owned subsidiary, Diamond... Read more
Enrollment advances company's goal to achieve carbon neutrality at all North America facilities by 2035 PLANO, Texas, April 12, 2023 /PRNewswire/ -- Toyota Motor North America (TMNA) and DTE Energy (DTE) today announced Toyota's enrollment in MIGreenPower, DTE's voluntary renewable energy program. Toyota's participation puts all of TMNA's Research and Development operations in Michigan on a path to attribute 100%... Read more
CALGARY, AB, March 27, 2023 /CNW/ - TransAlta Corporation. ("TransAlta" or the "Company") (TSX: TA) (NYSE: TAC) announced today that it has entered into an automatic share purchase plan ("ASPP") with a broker in order to facilitate repurchases of TransAlta's common shares (the "Common Shares") under its previously announced normal course issuer bid ("NCIB"). The Company previously announced that... Read more
SCOTTSDALE, Ariz., March 08, 2023 (GLOBE NEWSWIRE) -- TPI Composites, Inc., (TPI) (Nasdaq: TPIC) has partnered with Tex-Tech (Kernersville, NC) and Carbon Rivers (Knoxville, TN) in a pilot program to process end-of-life wind blades, pyrolyze the material and process the recovered glass fiber into liners for cured in place pipe (CIPP). CIPP gives new life to damaged pipelines without the excavation of streets... Read more
Fourth Quarter 2022 Financial Highlights Adjusted EBITDA(1),(2) of $541 million, an increase of 123% over the same period in 2021 Free Cash Flow ("FCF")(1) of $315 million, or $1.17 per share, an increase of 303% on a per-share basis from the same period in 2021 Earnings before income taxes of $7 million, an improvement of $39 million from the same period in 2021 Cash flow from operating activities of $351... Read more
Committed to approximately $348 million of new long-term corporate capital investments in 2022 Raised over $1.3 billion of corporate level capital in 2022 from the sale of Clearway's Thermal Business Signed contract for El Segundo in 2022 ensuring that 100% of the Resource Adequacy for Marsh Landing, Walnut Creek, and El Segundo is contracted through approximately 2026 Signed agreement with Clearway Group in... Read more
SCOTTSDALE, Ariz., Feb. 22, 2023 (GLOBE NEWSWIRE) -- TPI Composites, Inc. (Nasdaq: TPIC), today reported financial results for the fourth quarter and full year ended December 31, 2022. “We finished 2022 strong and I am proud of our team for the results TPI delivered in a very challenging operating environment,” said Bill Siwek, President and CEO of TPI Composites. “Recently announced partnerships and long-term... Read more
Improving operating performance drives revenue growth and gross profit WESTMINSTER, MA / ACCESSWIRE / February 14, 2023 / TechPrecision Corporation (OTCQB:TPCS) ("TechPrecision" or "the Company"), an industry-leading manufacturer of precision, large-scale fabricated and machined metal components and tested systems with customers in the defense and precision industrial sectors, today reported financial results for... Read more
SCOTTSDALE, Ariz., Jan. 18, 2023 (GLOBE NEWSWIRE) -- TPI Composites, Inc., (TPI) (Nasdaq: TPIC), announced today that it has collaborated with WindSTAR, a National Science Foundation (NSF) funded Industry-University Cooperative Research Center, to design a composite manufacturing process based on a digital twin approach as released today in the 2022 WindSTAR Annual Report. The project leveraged machine learning... Read more
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