Naturgy to inject renewable gas into its distribution network with investment in a Biomethane plant
Key Insights and Signals in Energy & Utilities
Centre Setup and Expansion Iberdrola inaugurates 40 GWh Tamega pumped hydro plant in Portugal Spanish utility Iberdrola has inaugurated its Tmega Gigabattery in northern Portugal, a renewable energy complex including pumped hydro with an energy storage capacity of 40GWh. The company has invested USD 1.5 Bn in the facility, which combines two run-of-river hydroelectric plants and an 880 MW PHES unit, with a total combined hydroelectric power of 1,158 MW. Read More>> Naturgy to invest EUR 1.5 Mn (USD 1.53 Mn) in a Biomethane plant in Spain The company will invest in a biomethane plant in Spain that will contribute renewable gas to the distribution network in 2023 in the province of Lleida. It will inject 11.8 GW hours a year of Biomethane into the network, equivalent to the annual consumption of 3,150 households. Read More>>Deals First Solar signs global supply agreement with Akuo Energy for 500 MW According to this contract, First Solar will provide 200 MW for a utility-scale project in the United States designed by Akuo. The remaining modules should arrive in 2025 and 2026, with the possibility of power projects in Europe or other places where Akuo operates. First Solar will provide 200 MW for a utility-scale project in the US designed by Akuo. Read More>> Cheniere announces long-term LNG deal with PetroChina The company recently declared that it had signed a long-term LNG sale and purchase agreement with PetroChina Company Limited PTR. As per the deal, which runs until 2050, Cheniere’s wholly owned subsidiary, Cheniere Marketing, will sell roughly 1.8 million tons per annum of LNG on a free-on-board basis to PetroChina’s subsidiary. Read More>> EIB and Iberdrola sign a new agreement to accelerate Spain’s energy transition The two companies have signed a new deal to accelerate Spain’s energy transition by developing new renewable energy capacity. The new projects will significantly contribute to the sustainable recovery of the economy and job creation. Read More>>Merger and Acquisition SDCL acquires United Utilities Renewable Energy Limited SDCL acquired the entire issued share capital of United Utilities Renewable Energy Limited from United Utilities Group for approximately USD 100 Mn. UURE owns a portfolio of 70 operational renewable energy assets. Read More>> Recycling and waste management firm complete acquisition of recycler The company acquired a Glasgow-based recycler for an undisclosed sum. Recycling Lives, which operates in 23 locations across the UK, has snapped up John R. Adams and Sons. Three Hills Capital Partners, as a shareholder in Recycling Lives, provided additional support throughout the acquisition process. Read More>>Partnership Iberdrola and Macro work together to promote sustainable mobility The two companies have collaborated to promote electric mobility in Spain and drive the transition towards more sustainable transport. There are plans to set up over 280 charging points in 37 macro locations. Read More>> A2A and BTS Biogas partner up for new plant development The two companies working towards progressing the construction of biogas and biomethane plants have signed a letter of intent to define a joint venture. The agreement provides for equal participation of A2A and BTS Biogas in investment and management. Read More>>Executive Movement Jaikumar Srinivasan onboards into NTPC as Director Shri Jaikumar Srinivasan joins India’s largest energy conglomerate, NTPC, as Director. The Appointments Committee of the Cabinet has approved his appointment for the respective post. Before this, he was serving in NLC India Limited as Director. Shri Jaikumar Srinivasan is a B.Com. graduate from the University of Nagpur and Associate Member of Cost & Management Accountants of India. Read More>> Vistra appoints Kris Moldovan as Chief Financial Officer The company announced that its board of directors had appointed company veteran Kris Moldovan as its next chief financial officer, effective Aug. 1. Moldovan assumes the CFO role from Jim Burke, who, as previously announced, will transition to the chief executive officer on Aug. 1. Read More>>
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Latest Industry Insights from Draup Braindesk
Funding Alert
Chevron and Google invest USD 250 Mn in TAE Technologies
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E.ON SE Account Intelligence Report
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