Contracts and deals - Page 1
Stay up to date with the latest Contracts and deals updates from the global modern power systems industryLatest Contracts and deals Update
Saudi-listed ACWA Power has signed seven co-operation agreements with...
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Valmet in €175 million loan agreement with EIB
Valmet has signed a €175 million loan agreement with the European Investment Bank. The loan will support the company’s Research and Development activities, to help finance...
GE wins major GT contracts in Greater Bay area of China
GE Vernova’s Gas Power business has won orders for four GE 6F.03 gas turbines for energy plants delivering power and heat to Yangjiang City in the Guangdong-Hong Kong-Macao Greater...
AEP completes sale of unregulated renewables assets
American Electric Power has completed the sale of its 1365 MW unregulated, contracted renewables portfolio to IRG Acquisition Holdings, a partnership owned by CDPQ, Invenergy and...
Aker Horizons signs long-term PPA for Narvik green ammonia project
Aker Horizons ASA has signed a 10-year power purchase agreement with Statkraft, said to be Europe’s largest generator of renewable energy, securing a significant amount of the...
NEOM completes USD $8.4 bn financial close for world’s largest green H2 plant
Neom Green Hydrogen Company (NGHC) has announced that, following signing financial documents with 23 local, regional, and international banks and investment firms for US$ 6.7 bn, it...
Mexico’s ‘new nationalisation’ prompts sale of Iberdrola assets
Iberdrola is selling the bulk of its Mexican power-generating assets to a state-owned fund for $6 bn, using the proceeds to accelerate its investments in the US and Europe. An...
Cost of capital threatens UK renewable energy projects
The rising cost of capital faced by developers of renewable energy projects such as onshore wind and solar PV may reduce the number of new projects and cause some already...
Deal for EU offtake from India’s first green ammonia project
Uniper and Greenko ZeroC (the green molecule production arm of the Greenko Group) have signed a Memorandum of Understanding and Heads of Terms for Uniper to enter into...
Siemens and Doosan sign offshore wind agreement
Siemens Gamesa and Doosan Enerbility (formerly Doosan Heavy Industries) have signed a binding framework agreement for a strategic partnership operating in the South Korean offshore...
Amokabel acquires cable maker specialising in bushfire protection
Amokabel, the Swedish specialist cable producer, has acquired Euro-Tech Cables Pty, a Sydney manufacturer of signal and communication cables. The deal, completed in December 2022,...
ACWA Power in sustainable infrastructure financing MOU with EBRD
ACWA Power Company has signed a Memorandum of Understanding to finance sustainable infrastructure projects with the European Bank for Reconstruction and Development.
Cameco and Brookfield to acquire Westinghouse
A consortium of Cameco and Brookfield Renewable, together with its institutional partners, has signed an agreement to acquire Westinghouse Electric Company from Brookfield Business Partners.
RWE to acquire Con Edison Clean Energy
RWE has signed a purchase agreement with Con Edison Inc. to acquire all shares in Con Edison Clean Energy Businesses, Inc. Headquartered in New York, Con Edison CEB is a...
Uniper and Vesta to develop green ammonia terminal
Uniper Global Commodities and the Dutch company Vesta Terminals have signed a Memorandum of Understanding to evaluate the feasibility of refurbishing and expanding an existing...
Baker Hughes acquires Brush power generation division
Baker Hughes announced that it has agreed to acquire the Power Generation division of BRUSH Group from One Equity Partners. BRUSH specialises in electric power generation and...
Wärtsilä agreement to guarantee African gold mine operations
Wärtsilä has signed a 5-year performance-based agreement for a 20 MW power plant combined with a 40 MW plant extension installation at a gold mine in Africa. The agreement was signed...
Fugro to develop digital twin of Denmark’s transmission network
Energinet, the Danish national transmission system operator, has awarded Fugro a 5-year framework agreement to capture aerial lidar and imagery data of its 3000 km...
Vestas and EnBW sign agreement for the 900 MW He Dreiht offshore array
Vestas has secured a conditional order agreement to supply 64xV235-15.0 MW wind turbines for EnBW’s 900 MW He Dreiht offshore wind project in 2025. Vestas will also undertake to deliver...
Strabag and Exergy in geothermal alliance
Exergy International and Strabag’s plant engineering and construction division in Dresden, Germany, have agreed on a far-reaching partnership to develop and realise turnkey...