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BP to Fully Acquire Lightsource BP: Solar Scaling Ahead
is expected to close in mid-2024 and will help BP to meet its own demand for Low Carbon power, while also underpinning and de-risking delivery of its targets for its
Nov 30, 2023 // Markets & Finance News, UK, Lightsource BP, Europe
UK, US Firms Launch JV Targetting 20 GW RE Capacity by 2030
Low Carbon Limited, based in the UK, and the Massachusetts Mutual Life Insurance Company (MassMutual), based in the US, have actually signed up with forces to develop a leading global renewable energy Independent Power Producer (IPP).
The collaboration with MassMutual additionally focuses on sustaining Low Carbon's ambition to elevate third-party investment funds with the objective of directing funding right into large-scale renewable energy framework projects in the UK, Europe and chosen global markets.
The brand-new partnership, which will target 20GW of renewable resource capacity by 2030, intends to leverage each organization's one-of-a-kind placement out there and domain knowledge to drive the change toward renewable resource. The critical collaboration will certainly focus on global projects leveraging proven modern technologies including solar, storage space, onshore and overseas wind, and waste to energy.
The cooperation intends to increase the development and procedure of large-scale renewable energy projects with a focus on several Organisation for Economic Co-operation and Development (OECD) markets.
"With MassMutual's focus on supplying lasting value and its objective helpful individuals secure their future and safeguard the ones they enjoy, our collaboration sets us securely on a trajectory to supply a net zero economy. I expect collaborating to make a purposeful international influence on large-scale renewable resource stipulation as a different to fossil fuels," stated Low Carbon Chief Executive and Founder Roy Bedlow.
The offer notes MassMutual's first European renewable resource partnership as it seeks to shift its $222BN AUM investment portfolio to net zero by 2050.
"MassMutual is deeply dedicated to minimising our ecological influence and constructing an extra lasting globe for our policyowners, consumers, workers and neighborhoods. Our collaboration with Low Carbon will certainly increase our initiatives in this area, as we share a common belief that by buying big range renewable energy projects, we can play a fundamental part in achieving an international net zero economic climate," commented MassMutual Chairman, President and Chief Executive Officer Roger Crandall.
Nov 16, 2021 // Markets & Finance News, USA, UK, IPP, Europe, North America, Roy Bedlow, global renewable energy Independent Power Producer, Low Carbon Limited, Massachusetts Mutual Life Insurance Company, MassMutual, Roger Crandall
UK green hydrogen developer discloses 3rd site
Carlton Power plans to develop a 10MW facility in the south west of England
Sep 1, 2022 // Solar to Fuel, UK, Europe, green hydrogen
Green hydrogen sector set to gain from upcoming electrolyser production ramp-up
Regardless of an existing lack of electrolyser manufacturing capacity, the global green hydrogen sector is poised to gain from a rapid ramp-up in electrolyser outcome over the coming years, according to Fitch Solutions.
Jan 13, 2022 // Markets & Finance News, hydrogen, fitch solutions, green hydrogen, Thyssenkrupp, ITM Power
Lightsource Teams Up with Xcel and McCarthy to Put New Solar Project in Colorado Online
U.S. jobs across the supply chain, while supporting domestic manufacturers and Low Carbon products. The project is also conserving over 3,000 acres of shortgrass
Feb 10, 2023 // Plants, USA, Lightsource BP, North America, PV Power Plant
Low-cost straight solar-to-hydrogen passions see the light
The road to low-cost hydrogen production is riddled with gaps and power losses. Scientists in Australia have demonstrated reconsidering solar innovation as well as missing electrolysers could hold great pledge for reaching the hydrogen holy grail.
Jun 22, 2020 // Technology, Solar to Fuel, Australia, Oceania, efficiency, Kobad Bhavnagri, solar-to-hydrogen, Siva Krishna Karuturi
The zero-carbon neighbourhood that will power itself entirely by solar: Developers create ultimate eco-houses in Oxfordshire (but they start at £1million each)
Developer Ssassy Property is constructing 25 homes in the village of Southmoor
Oct 21, 2019 // Solar, Oxfordshire, zero-carbon neighbourhood, Ian Pritchett
Clean hydrogen production expected to cheapen by 60 percent in a decade
production are coming closer. Since the existing techs are scaling up, Low Carbon solutions are predicted to enter many applications in ten years. However, for
Jan 29, 2020 // Solar to Fuel, Australia, hydrogen, Oceania
What is Low voltage cutoff (LVC)?
Voltage level, at which a charge controlling device disconnects electrical load from a battery to avoid over-discharging.
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Sep 12, 2023
OMV Petrom Expands Solar Portfolio with 130 MW Projects
OMV Petrom expands solar portfolio in Romania, acquiring 50% stake in 130 MW projects with Renovatio. Commitment to reducing carbon footprint and investing in low carbon projects.
Jun 10, 2024 // Plants, Large-Scale, Commercial, Europe, Romania, PV Power Plant, OMV Petrom
BP to acquire 9GW US solar pipeline
acquisition to finish in thirty days.
The projects are expected to meet BP's Low Carbon financial investment requirements, creating returns of at the very least
Jun 1, 2021 // Plants, Large-Scale, Commercial, USA, Lightsource BP, North America, 7x energy, Dev Sanyal
Astronergy to Ship 454 MW TOPCon PV Modules for Brazil Solar Project
performed by Underwriter Laboratories Inc. (UL) cleared up the business's Low Carbon as well as intelligent performances in basic materials as well as web links of
Mar 23, 2023 // Plants, Markets & Finance News, Solar Energy, Solar Power, Astronergy, solar projects, ASTRO N n-type TOPCon PV modules, Chinese solar manufacturer, solar modules supply agreement, Vista Alegre solar power project
Trina Solar Supplies 800 MW to 2 GW Al Dhafra PV Plant
This article looks at a firm's growth in solar energy production capacity, plus the successful delivery of 800 MW of 210mm Vertex modules to the 2 GW Al Dhafra PV Power Plant project in Abu Dhabi. Learn about the four key features that unlock a low Levelized Cost of Energy (LCOE).
Jul 5, 2023 // Manufacturing News, Plants, Markets & Finance News, Trina Solar, solar module, Al Dhafra PV Plant
Trina Storage Secures Deal for 190MWh Storage at UK Solar Sites
storage systems (BESS) for four UK solar power project sites operated by Low Carbon. The systems will have a total storage capacity of approximately 190 MWh and
Feb 8, 2024 // Storage, UK, Europe, Trina storage
China Climate Agent Advises Created States to Back Various Other Countries
Created world must accept 'historical duties: Xie
China's top climates agent addresses Bund Summit in Shanghai
Oct 25, 2021 // Markets & Finance News, China, Asia, xi jinping, Xie Zhenhua