The latest renewable energy news includes announcements on Schroders Greencoat, Engie, Fugro, Orsted, BlueFloat Energy and CleanTech Global Renewables, among others.
Schroders Greencoat buys into 395MW US solar
Schroders Greencoat has acquired a 48 percent stake in a 395MW US solar portfolio from Engie, covering five operational projects across Texas, Arizona, and California. The assets are backed by long-term PPAs with investment-grade customers, ensuring revenue stability. This strategic investment aligns with Schroders Greencoat’s goal of expanding in the US clean energy market through contracted, low-risk infrastructure. The projects utilize proven solar PV technology and are maintained by Engie, supporting performance reliability. The investment offers sustainable returns for investors, supports decarbonization, and provides clean, affordable power to customers, reflecting a strong focus on environmental impact, technological stability, and long-term energy transition goals.
Fugro lands Taiwan offshore wind contract
Fugro has secured a contract from Orsted to provide geotechnical site investigation services for the 920MW Greater Changhua 2b and 4 offshore wind farms in Taiwan. The project involves seabed cone penetration testing and borehole drilling to support foundation design. Fugro’s advanced technology and data solutions will help optimize installation and reduce risks. This contract supports Orsted’s strategy to develop large-scale offshore wind in Asia and Taiwan’s renewable energy targets. The partnership reflects a customer-centric approach, focusing on innovation, local expertise, and sustainability. Benefits include improved project efficiency, environmental stewardship, and the advancement of Taiwan’s offshore wind infrastructure and energy independence.
Grid Connection Secured for 2-GW Floating Wind Project in the Philippines
BlueFloat Energy and CleanTech Global Renewables are developing a 2-GW floating offshore wind farm in Northern Luzon, Philippines, with grid connection terms approved by the Department of Energy. This project aligns with the country’s target of 35 percent renewable energy by 2030 and marks a significant private-sector investment in Southeast Asia’s clean energy market. Using advanced floating wind technology, it enables deep-water deployment where fixed turbines are not feasible. The strategy emphasizes energy diversification, innovation, and grid integration. The project benefits include enhanced energy security, job creation, reduced carbon emissions, and long-term clean electricity supply for residential, commercial, and industrial consumers.
GreentechLead.com News Desk