ENGIE

Shell sells interest in SouthCoast Wind to existing joint venture partner, Ocean Winds

Retrieved on: 
Wednesday, March 20, 2024

HOUSTON, March 20, 2024 /PRNewswire/ -- Shell New Energies US LLC (Shell), a subsidiary of Shell plc, has sold its 50% equity share in SouthCoast Wind Energy LLC (SouthCoast Wind) to joint venture partner Ocean Winds North America LLC (Ocean Winds).

Key Points: 
  • HOUSTON, March 20, 2024 /PRNewswire/ -- Shell New Energies US LLC (Shell), a subsidiary of Shell plc, has sold its 50% equity share in SouthCoast Wind Energy LLC (SouthCoast Wind) to joint venture partner Ocean Winds North America LLC (Ocean Winds).
  • SouthCoast Wind is a 50-50 joint venture between Shell and Ocean Winds, established to develop offshore wind projects off the coast of Massachusetts.
  • Ocean Winds is a 50-50 offshore wind joint venture owned by EDP Renewables and ENGIE.
  • In the U.S., Shell is a 50-50 partner in an additional offshore wind joint venture, Atlantic Shores Offshore Wind LLC (Atlantic Shores), with EDF-RE Offshore Development, LLC.

Without community support, the green energy transition will fail. Here’s how to get communities on board

Retrieved on: 
Friday, April 5, 2024

The problem is, communities are often not sold on having to host new transmission lines.

Key Points: 
  • The problem is, communities are often not sold on having to host new transmission lines.
  • In my research, I work with RE-Alliance, a community organisation working to help local communities actually benefit from the energy transition.
  • Projects are much more likely to succeed when communities feel the project is theirs or includes them.

Community pushback could scupper the green transition

  • Around 300 wind, solar and transmission projects are being delayed by local opposition, stalling A$132 billion of investments and 74,000 jobs.
  • Communities can bristle if they feel a project is imposed on them – especially if it feels like a cost without benefits.
  • Developers who engage with communities from the beginning and work to tackle concerns and issues collectively have a better chance of success.

Focus on local benefits

  • But some local residents are strongly sceptical of transmission projects, which means some renewable projects can’t proceed.
  • As the organisation’s CEO Chris Souness told me:
    Renewable energy will thrive [in this region] if developers and communities collaborate, the interests of the farming communities and rural towns are supported, and the benefits flow to communities.
  • Renewable energy will thrive [in this region] if developers and communities collaborate, the interests of the farming communities and rural towns are supported, and the benefits flow to communities.
  • Others worried wind and solar farms could damage the local environment.

How do we do better when time is so short?

  • The conundrum we face is we know we need to do better, but we have only a narrow window of time to green the grid.
  • One avenue is to focus on the long-term prosperity of these projects, both for landowners hosting them and for the broader community.
  • For farmers battling increasingly volatile growing and grazing conditions due to climate change, renewables offer new income streams.
  • The federal government must find ways of better communicating their plans at local level.
  • Explain why we need to do this, what the benefits are to communities, and why transmission is key.
  • The government could consider a CSIRO-based research centre focused on environment, technology and social outcomes in the energy transition.


Dr Simon Wright is a member of RE-Alliance, a not-for-profit renreable advocacy organisation focused on the clean energy transition in the regions.

ENGIE announces $1bn Tax Equity Financing for more than 1.3 GW of U.S. Renewables Assets

Retrieved on: 
Tuesday, February 27, 2024

HOUSTON, Feb. 27, 2024 (GLOBE NEWSWIRE) -- ENGIE North America (ENGIE) announced that it recently completed more than $1bn of Tax Equity financing, through separate agreements with three banks, J.P. Morgan, Goldman Sachs and BNP Paribas.

Key Points: 
  • HOUSTON, Feb. 27, 2024 (GLOBE NEWSWIRE) -- ENGIE North America (ENGIE) announced that it recently completed more than $1bn of Tax Equity financing, through separate agreements with three banks, J.P. Morgan, Goldman Sachs and BNP Paribas.
  • The financing pertains to a portfolio of recently commissioned renewable projects in the U.S.
  • The aggregate 1.3 GW of these renewable projects represents one of the largest Tax Equity financing arrangements for ENGIE North America so far.
  • “This transaction reflects our proven and recognized track record in developing, building and operating renewables assets, both in North America and globally”.

Schneider Electric Announces Innovative Tax Credit Transfer Agreement with ENGIE to Accelerate Progress Toward its 100 Per Cent Renewable Energy Goal in North America

Retrieved on: 
Monday, February 26, 2024

Key Points: 
  • View the full release here: https://www.businesswire.com/news/home/20240226278249/en/
    Schneider Electric Announces Innovative Tax Credit Transfer Agreement with ENGIE to Accelerate Progress Toward its 100 per cent Renewable Energy Goal in North America (Photo: Business Wire)
    The contracted projects are expected to come online throughout 2024 and will enable Schneider Electric to get closer to its 100 per cent renewable energy goal in the U.S. and Canada.
  • This new solar-plus-storage agreement for the U.S. and Canada with ENGIE, a leading developer of renewables, will help us reach that goal,” said Aamir Paul, President, North America Operations.
  • Schneider Electric was advised on the deal by consultants from its Sustainability Business , the world’s largest advisor on corporate renewable energy procurement .
  • With its 20+ years of renewable energy advisory experience, Schneider Electric is uniquely equipped to guide enterprises through the complexities of the new tax credit investment landscape.

Schneider Electric Announces Innovative Tax Credit Transfer Agreement with ENGIE to Accelerate Progress Toward its 100% Renewable Energy Goal in North America

Retrieved on: 
Tuesday, February 20, 2024

Tax credit transfer opportunity brings company closer to meeting its renewable electricity target in the U.S. and Canada.

Key Points: 
  • Tax credit transfer opportunity brings company closer to meeting its renewable electricity target in the U.S. and Canada.
  • Schneider Electric is a leader in sustainability, efficiency, and the energy transition, and we are proud to 'model the way' with this tax credit transfer."
  • The IRA's transferability clause enables the transfer of eligible federal tax credits from renewable energy, clean energy manufacturing, and battery storage projects, among other clean energy projects.
  • According to Bloomberg (BNEF), the IRA's tax credit transfer rules create a new set of possibilities for funding America's energy transition.

Cupertino Union School District Announces Solar and EV Charging Stations Districtwide in Collaboration with ENGIE

Retrieved on: 
Wednesday, February 7, 2024

Cupertino, Calif. and HOUSTON, Feb. 07, 2024 (GLOBE NEWSWIRE) -- The Cupertino Union School District (CUSD), in collaboration with ENGIE North America (ENGIE), today announced a sustainability infrastructure project aimed at reducing the CUSD’s carbon footprint while enhancing educational opportunities for students.

Key Points: 
  • Cupertino, Calif. and HOUSTON, Feb. 07, 2024 (GLOBE NEWSWIRE) -- The Cupertino Union School District (CUSD), in collaboration with ENGIE North America (ENGIE), today announced a sustainability infrastructure project aimed at reducing the CUSD’s carbon footprint while enhancing educational opportunities for students.
  • The project includes the installation of 5.1 megawatts of solar photovoltaic, 72 level two electric vehicle charging stations, and the implementation of two emergency generators for backup at the District Office and maintenance yard.
  • The anticipated net lifetime savings from the solar and EV charging infrastructure is more than $36 million dollars.
  • ENGIE is proud to collaborate with Cupertino on this transformative journey.”

25.75% CAGR Growth in the Virtual Power Plant Market from 2023 to 2028 due to the increase in the integration of renewable energy sources - Technavio

Retrieved on: 
Tuesday, January 30, 2024

An increase in the integration of renewable energy sources is the key factor driving growth.

Key Points: 
  • An increase in the integration of renewable energy sources is the key factor driving growth.
  • Virtual power plants (VPPs) play a crucial role in addressing the intermittent nature of renewable energy sources like solar and wind power.
  • The global market is expected to grow rapidly during the forecast period due to the increase in the integration of renewable energy sources.
  • The turbine oil market size is forecast to increase by USD 630.89 million, at a CAGR of 8% between 2023 and 2028.

Alternative Fuels Market to Record a Growth of USD 78.41 billion between 2022 and 2027, Discover Latest Trends, Market Share, and Evolving Opportunities - Technavio

Retrieved on: 
Monday, January 22, 2024

NEW YORK, Jan. 22, 2024 /PRNewswire/ -- The alternative fuels market size is expected to grow by USD 78.41 billion from 2022 to 2027, according to Technavio.

Key Points: 
  • NEW YORK, Jan. 22, 2024 /PRNewswire/ -- The alternative fuels market size is expected to grow by USD 78.41 billion from 2022 to 2027, according to Technavio.
  • The Alternative Fuels Market is witnessing a significant uptrend driven by the escalating adoption of eco-friendly fuel sources in the transportation sector.
  • The global off-grid alternative fuels market is expected to grow rapidly during the forecast period due to the Increasing emissions of GHGs.
  • These strategic investments are poised to propel the growth of the alternative fuels market in the APAC region throughout the forecast period.

Google to Invest $1 Billion in United Kingdom Data Centre

Retrieved on: 
Thursday, January 18, 2024

The data centre will be located on a 33-acre site that Google purchased in October 2020 and, once complete, will help ensure reliable digital services to Google Cloud customers and Google users in the UK.

Key Points: 
  • The data centre will be located on a 33-acre site that Google purchased in October 2020 and, once complete, will help ensure reliable digital services to Google Cloud customers and Google users in the UK.
  • The new data centre represents an investment of $1 billion dollars in the country.
  • "The Waltham Cross data centre represents our latest investment in the UK and the wider digital economy at large.
  • Councillor Lewis Cocking, Leader of Broxbourne Council said: "I am delighted that Google has chosen Broxbourne for its new data centre.

Off-grid solar power systems market to grow by USD 3.27 billion from 2022 to 2027, APAC will account for 48% of the market growth- Technavio

Retrieved on: 
Thursday, January 18, 2024

NEW YORK, Jan. 17, 2024 /PRNewswire/ -- The off-grid solar power systems market size is expected to grow by USD 3.27 billion from 2022 to 2027, according to Technavio.

Key Points: 
  • NEW YORK, Jan. 17, 2024 /PRNewswire/ -- The off-grid solar power systems market size is expected to grow by USD 3.27 billion from 2022 to 2027, according to Technavio.
  • The global off-grid off-grid solar power systems market is expected to grow rapidly during the forecast period due to the High cost of grid expansion.
  • Canadian Solar Inc. - The company offers off-grid solar power systems such as distributed solar power systems and energy storage systems.
  • Off-grid Solar Power Systems Market 2023-2027: Segmentation Analysis
    Based on type, the market has been segmented into AC and DC.