The latest renewable energy news includes announcements from REV Renewables, OMV Petrom, Reel, Jade Meadow III solar farm in Garrett County, and others.
Maryland Approves 20-Year PPA for REV Renewables’ 300 MW Solar Project
Maryland has approved a 20-year power purchase agreement with REV Renewables for electricity from the planned 300 MW Jade Meadow III solar farm in Garrett County. The agreement covers approximately 250 GWh of renewable electricity annually. REV says Jade Meadow III represents more than $500 million of planned investment and could create over 1,200 jobs across design, management and construction at peak activity. The project is being developed on reclaimed coal-mining land near Westernport and is expected to enter commercial operation in the second half of 2028. At 300 MW, Jade Meadow III is described by REV as the largest solar project proposed in Maryland, combining clean-power development with economic reuse of former mining property.
OMV Petrom Raises Petrobrazi Green Hydrogen Capacity to 55 MW
OMV Petrom has received all seven 5 MW modules for its second 35 MW green hydrogen electrolyser at Romania’s Petrobrazi refinery, increasing total planned electrolyser capacity to 55 MW when combined with an earlier 20 MW unit. The 35 MW project has received approximately €29 million in non-repayable financing and is expected to produce around 4,700 tonnes of green hydrogen annually. Combined output from the two electrolysers is estimated at approximately 8,000 tonnes per year. Hydrogen will support refinery processes and a new 250,000-tonne-per-year SAF/HVO production unit. OMV Petrom says the resulting sustainable fuels could cut lifecycle carbon dioxide emissions by at least 65 percent compared with conventional alternatives.
Reel Signs Multi-Buyer PPA for 53.4 MW Danish Solar Project
Danish electricity supplier Reel has arranged a multi-buyer power purchase agreement covering generation from a 53.4 MW solar park being developed by Energicenter Nord in Central Jutland. The structure aggregates several electricity consumers under a single renewable-energy project, enabling companies with smaller individual power requirements to access long-term solar PPAs that traditionally favour very large industrial or technology buyers. The 53.4 MW development will provide additional renewable generation to Denmark’s electricity system while giving participating businesses improved visibility over electricity sourcing and energy costs. Multi-buyer PPAs are becoming increasingly relevant as developers seek diversified corporate offtake and mid-sized companies pursue renewable-power targets. The transaction expands the potential corporate customer base capable of directly supporting construction of utility-scale solar projects.