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Global Electrification Goals Are Driving Microgrid Market

According to the Microgrid Market Growth Potential - Industry Size Outlook Report 2024, the microgrid market is expected to reach $19 billion by 2024, nearly five times the original valuation of this business space in 2016.

Iberdrola to sell UK traditional power generation assets for $925m

The divestment will enable Iberdrola to become a 100% renewable integrated energy business in the UK. The transaction includes the sale of 2,554MW of traditional generation power, which primarily consists
The post Iberdrola to sell UK traditional power generation assets for $925m appeared first on Compelo Energy.

M2 Cobalt to acquire four exploration licenses in Uganda

Spanning nearly 850km2, the ELs acquired are contiguous with, or located in close proximity to, the Company’s existing Kilembe-area and Bujagali exploration licenses which, at present, consist of
The post M2 Cobalt to acquire four exploration licenses in Uganda appeared first on Compelo Energy.

MHI Vestas chosen as preferred supplier for 25MW US offshore wind project

EDF Renewables North America stated that this is the first offshore project in New Jersey and it will include three of V164-8.3 MW turbines from MHI Vestas. The
The post MHI Vestas chosen as preferred supplier for 25MW US offshore wind project appeared first on Compelo Energy.

MGX Minerals plans expanded drill program for Kibby Basin lithium project

Additionally, Belmont has also reported plans to conduct downhole geophysical surveys to test specific prospective layers for potential aquifers. Drilling is expected to commence shortly. As previously reported,

Alio Gold to sell non-core assets to Coeur Rochester

The assets include those comprising the Lincoln Hill Project, Wilco Project, Gold Ridge Property and other nearby claims. Under the terms of the definitive agreement, the Company will
The post Alio Gold to sell non-core assets to Coeur Rochester appeared first on Compelo Energy.

Lithium Werks to build €1.6bn battery factory in China

For the construction of the facility, Lithium Werks has signed a framework agreement with Chinese Zhejiang Jiashan Economic and Technological Development Zone Industry Corporation. To be built on
The post Lithium Werks to build €1.6bn battery factory in China appeared first on Compelo Energy.

McDermott commences fabrication work for $3.3bn Tyra Redevelopment project

The Tyra Redevelopment project is aimed at enabling continued production from the Tyra field. After completion of the project, the offshore Danish field is anticipated to have a
The post McDermott commences fabrication work for $3.3bn Tyra Redevelopment project appeared first on Compelo Energy.

EDPR signs PPAs with Walmart to supply 233MW wind power

The wind farms will be developed, owned, and operated by EDPR. These three wind farms will be located in the states of Illinois and Indiana. Under one of
The post EDPR signs PPAs with Walmart to supply 233MW wind power appeared first on Compelo Energy.

Lukoil begins construction on infrastructure facilities at Rakushechnoye field

Located 160km from the Astrakhan port in Russia, the Rakushechnoye field is expected to be brought into commercial oil production in 2023. The anticipated oil production plateau from
The post Lukoil begins construction on infrastructure facilities at Rakushechnoye field appeared first on Compelo Energy.

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