News

Tilt Renewables is poised to break Australia’s year-long wind investment drought after landing another major off take deal for one of its wind projects, and a multi-billion dollar refinancing facility from its banking syndicate.

The developer of what stands to be Australia’s biggest battery says the new breed of hybrid solar and storage projects starting to dominate the national renewables pipeline can power new and existing industrial energy needs at an “incredibly competitive” cost – and without government handouts.

IX Renewables and Asia Cement Corporation (ACC) have signed a cooperation agreement for the 180MW Rui Li 1 floating offshore wind project off the coast of Hsinchu.

Hitachi Energy acquires a minority stake in Shermco, a company recently acquired by private equity funds managed by Blackstone, strengthening capabilities to maintain the reliability and safety of North America’s power grid — In addition, Hitachi Energy is investing more than $1 billion USD in the organic expansion of its global Service business, developing new digital service solutions, like HMAX, and growing its workforce.

Iberdrola reported a 17% rise in net profit, excluding capital gains, driven by strong growth in its UK and US networks and record investment levels across key markets.

A consortium of TotalEnergies and Aljomaih Energy & Water has been awarded a contract by the Saudi Power Procurement Company to develop, build and operate a 400MW solar power plant in As Sufun, Saudi Arabia.

Nordex has raised its full-year 2025 EBITDA margin guidance following a review of preliminary third-quarter results and an updated full-year forecast according to the company

Competitive renewable technologies such as solar, wind and batteries are driving a rapid global shift away from fossil fuels, according to Statkraft’s latest Green Transition Scenarios report.

The appointed administrators aim to maintain Petrofac’s value, operational capability, and ongoing service delivery.

Taiwanese manufacturers must increase their use of renewable energy for the country to protect its position as a leading export economy, according to one of the region’s major offshore wind developers.