O&M

The AES Corp. will significantly up its stake in a Brazilian renewable energy co-venture, the U.S. power generation company announced Wednesday. Subsidiary AES Brasil will acquire an additional 18.5 percent interest in AES Tietê. Estimated price tag of the transaction with BNDES Participações is $246 million U.S. The financing is primarily secured through Brazilian banks....
Wind Power

East Anglia has cemented its position as a major center for renewable energy with the completion of the East Anglia ONE offshore windfarm – an incredible achievement, particularly during the COVID-19 pandemic. All 102 Siemens Gamesa offshore wind turbines – situated 43km off the Suffolk coast – are now fully operational, with the capacity to...
Hydropower

BC Hydro confirms that a worker at its 1,100-MW Site C hydro project work camp in Fort St. John, British Columbia, tested positive for COVID-19. The worker arrived from Alberta on July 13, and BC Hydro says this person immediately self-isolated after receiving their test results from Alberta Health Services on July 15. Northern Health...
Wind Power

This week, Australian tech startup, Ping Services, announced it has raised a $1.3 million Seed funding round to accelerate growth and scale up manufacturing of Ping Monitor, which is says  is a world-first device that can detect wind turbine blade damage. The round, which brings Ping’s total funding to $2.25 million adds to private investor...
Storage

FirstLight Power, operator of the Northfield Mountain energy storage facility and other hydroelectric, solar and energy-storage assets in Massachusetts and Connecticut, has named Alicia Barton its new chief executive officer, effective Aug. 3. Barton previously served as President and CEO of the New York State Energy Research and Development Authority (NYSERDA) for three years as...
Solar

History should teach us not to underestimate the creativity of the US corporate office or its financial markets, nor should we underestimate the resilience of the renewable energy industry. For example, US tax equity investments in wind power projects plunged more than 80% after the 2008 recession, and the next year Google announced the country’s...
Energy Efficiency

The UK’s Chancellor of the Exchequer, Rishi Sunak, has announced a £3bn ($3.78B USD) boost to the green economy with a package that seeks to create jobs, save money and decarbonize the British housing stock. In his eagerly anticipated Summer Statement, he tied the UK’s economic recovery from the impacts of COVID-19 to ‘historic investment...
O&M

Wind farm developer Iberdrola announced yesterday that it is launching a Startup Challenge to find innovative and competitive solutions that will help improve monitoring systems on wind farms. Monitoring systems for wind turbines extend the life of the wind farms, as these systems collect data that make it possible for better operations and maintenance (O&M)...
Asset Management

As the UK’s National Grid approaches its centenary, it has just achieved its first two consecutive months without burning any coal. Indeed, the shift away from fossil fuels is revolutionizing our energy systems from top to bottom, bringing a huge requirement for innovation to the renewable energy sector. Initially, most of the interventions were piecemeal – installing...