Statera Energy of the UK has secured up to £300 million of debt financing from Lloyd’s Bank for a 300 MW/600 MWh battery energy storage system (BESS).
A consortium led by Siemens Energy has entered an agreement with Polish power producer ZE PAK to build a CCGT in Poland.
Capital Power of Canada has announced that it is acquiring two gas-fired power plants in California and Arizona for a total of $1.1 billion.
TotalEnergies (TTE) has signed an agreement with TexGen to acquire three gas-fired plants in Texas, USA for $625 million with a total capacity of 1.5 GW.
Kenya Electricity Generating Company (KenGen), Kenya’s largest power producer, has announced a plan to generate more electricity from geothermal power plants in the face of low water inflows being experienced at the hydropower stations, the result of low rainfall in the country.
EnBW, a German regional utility, has placed awarded GE Vernova two orders for H-Class natural gas-fired combined cycle power generation equipment for EnBW’s CHP power stations in Heilbronn and Altbach/Deizisau near Stuttgart.
South Africa is intensifying efforts to address its energy deficit by accelerating plans for 3 GW of gas-fired power generation.
TransAlta has announced that it has acquired Canadian-based Heartland Generation for $658 million, which includes the assumption of $268 million of debt.
Singapore has announced its intention to start a project to utilise ammonia as a fuel source for power generation.
Research by the energy think tank Ember indicates that around half of the world’s economies have already passed their peak in power generation from fossil fuels.