Latest renewable energy news includes announcements from Duke Energy Florida, Kanadevia, Argo Infrastructure, and others.
Duke Energy Florida Delivers $50 Million Customer Savings, Avoids 2027 Rate Increase
Duke Energy Florida announced an innovative tax strategy that will deliver $50 million in customer savings in 2027 while avoiding a planned 2 percent base rate increase. The company will accelerate the return of tax credits from its Powerline Battery Energy Storage System over one year instead of the standard 15-year period. Over the next 10 years, Duke Energy Florida plans to deploy 1.4 GW of battery storage, generating more than $500 million in investment tax credits for customers. The utility is also developing 12 new solar sites by 2028, expected to save customers about $3 billion in fuel costs. In 2025, it returned around $65 million in solar tax credits, reducing residential rates by at least $2.50 per 1,000 kWh.
Kanadevia Expands Green Hydrogen Business Through Oman Partnership
Kanadevia Corporation has signed a partnership agreement with Bahwan Engineering Company (BEC) to accelerate the development of green hydrogen projects in Oman as part of its global expansion strategy. The agreement establishes a framework for identifying, developing, and executing hydrogen-related opportunities by combining Kanadevia’s clean energy technologies with BEC’s engineering expertise and regional presence. The collaboration supports Oman’s ambition to become a major global producer and exporter of green hydrogen while strengthening Kanadevia’s position in the fast-growing hydrogen economy. The partnership is expected to drive new project opportunities across the Middle East and reinforce both companies’ commitment to advancing decarbonization through large-scale renewable hydrogen infrastructure.
Argo Infrastructure Partners Acquires Solar Portfolio from NuGen
Argo Infrastructure Partners has acquired a commercial and industrial solar portfolio from NuGen Capital Management while establishing a long-term strategic partnership with the developer. The transaction expands Argo’s distributed solar portfolio to approximately 270 MW, strengthening its investment in energy transition infrastructure. Under the new partnership, Argo and NuGen will collaborate on the development, financing, construction, and operation of future commercial and industrial solar projects. The acquisition enhances Argo’s presence in the distributed generation market and provides a platform for continued renewable energy growth, while enabling NuGen to accelerate the expansion of its solar development pipeline through access to long-term infrastructure capital and operational expertise.
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