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McDermott completes pipeline installation for GWF Phase 2 Project in Australia

The work is part of a contract awarded to McDermott by Woodside Energy in January 2016 for GWF Phase 2 project, which is expected to commence production by
The post McDermott completes pipeline installation for GWF Phase 2 Project in Australia appeared first on Compelo Energy.

100-MW Tidong hydropower project in India acquired by Statkraft

Statkraft has acquired the 100-MW Tidong hydropower project under construction in India, saying this is in line with the company’s strategy to develop renewable energy generation.

Statkraft acquires 100MW Tidong hydropower project in India

Located on Tidong River, a tributary of Sutlej River, the hydropower project is approximately 60% complete. Statkraft’s executive vice president Jürgen Tzschoppe said: “We are very pleased to
The post Statkraft acquires 100MW Tidong hydropower project in India appeared first on Compelo Energy.

Transocean to acquire Ocean Rig for $2.7bn

The transaction also includes Ocean Rig’s net debt, which stood at $397m at the end of March this year. Transocean intends to fund the cash portion of the
The post Transocean to acquire Ocean Rig for $2.7bn appeared first on Compelo Energy.

GIP’s new renewable energy company Clearway Energy Group begins operations

The new company includes NRG Energy’s former renewables platform and its previously held controlling stake of 46% in NRG Yield. The assets were acquired by GIP through its

Western States Proceed with Climate Legislation Regardless of Trump’s “ACE” Rule

Spurred by President Trump’s announcement that the United States will abandon commitments President Obama made in the Paris Climate Agreement, western seaboard elected officials are highly motivated to act on climate change, notwithstanding the Trump Administration’s actions to replace the Clean Power Plan. California has a well-established and functioning “cap and trade” program that has survived judicial challenge and been extended through 2030.

China Solar Giants Shrug Off Market Fall, Chase Growth Plans

The top solar manufacturers in China are boosting production capacity, betting higher output will help them seize a bigger chunk of the global market that is set for its first-ever annual contraction.

California, Blockchain, Hydro Licenses and Data Breaches in this Week’s Energy News Wrap-Up

Our weekly energy news wrap-up is brought to you by the Clarion Energy Content Managers. Have a look to see what we view as the most important news of the week.

Renewables Take Bigger Bite as Global Energy Deals Hit All-time High

The value of global power and utility merger and acquisitions reached an all-time high of $180bn in the first half of this year – and renewables accounted for almost half of all deals done in the second quarter.

EDPR bags 429MW of new wind capacity in Brazil’s energy auction

The renewable energy developer secured 20-year power purchase agreements (PPAs) in this regard to sell power generated from two wind farms – the 176MW Jerusalem wind farm and
The post EDPR bags 429MW of new wind capacity in Brazil’s energy auction appeared first on Compelo Energy.

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