Brookfield to acquire Duke Energy's utility scale renewables business; Ameren Missouri adding 550 MW solar to portfolio either through self-development or via acquisition; KBR to conduct feasibility studies into a green refinery powered by solar, wind, waste heat and geothermal energy to produce 250,000 bpd capacity for Southern Rock Energy Partners; Holcim US has contracted NorthStar Clean Energy to build a 25 MW solar plant for its Michigan cement plant.
Duke Energy's deal with Brookfield: By 2023-end, US utility Duke Energy will sell its unregulated utility scale commercial renewable energy business to Brookfield Renewable for close to $2.8 billion value. The sale of more than 3.4 GW of utility scale solar, wind and battery storage assets across the US, will earn Duke Energy approximately $1.1 billion in net proceeds. "This will allow the company to focus on the growth of its regulated businesses, including investments to enhance grid reliability and help incorporate over 30 GW of regulated renewable energy into its system by 2035," stated Duke Energy.
For Brookfield, this deal expands its operational renewable capacity and trained staff to manage the facilities, and expands its renewable energy business in the US to almost 90 GW of operational and development assets.
Ameren expanding solar portfolio: US utility Ameren Missouri says it plans to acquire or build close to 550 MW of solar energy, enough to supply clean energy to more than 95,000 average sized residential homes. It says this is aligned with the company's plans to ensure reliability and resilience of power supply in the future as it targets adding 2.8 GW new renewable capacity by 2030. These facilities are expected to take 'full advantage of available incentives' to reduce overall costs for the customers. The 4 projects representing this capacity are identified as the following:
Green refinery plans: US based science, technology and engineering solutions company KBR says it will undertake a feasibility study for Southern Rock Energy Partners to develop a refinery powered by solar, wind, waste heat and geothermal energy. It will have a production capacity of 250,000 barrels per day (bpd) and consume hydrogen and oxygen as a fuel source to be able to qualify as a net zero carbon facility. KBR says the aim is to make it the first truly green refinery in the US.
Solar plant for cement plant: Building materials company Holcim US plans to install a 25 MW solar project for its Michigan located Alpena Cement Plant. The PV project will be designed to cover 75% of the electricity needs of the plant on completion IN December 2024. NorthStar Clean Energy will install the PV project, deploying high-efficiency bifacial solar panels with fixed tilt.
.png?w=50&fm=png){kind=logo}