Sabanci Renewables deepens U.S. presence with latest acquisition of Texas solar project
Tolga Kaan Doğancıoglu, CEO of Sabanci Climate Technologies New investment shows Sabanci on track to meet 2030 goal of 3,000 MWdc renewables portfolio, signaling strong execution track record in U.S. clean energy market. McLennan County, Texas - Sabanci Renewables, the U.S.-based renewables platform of Sabanci Group, has acquired the 156 MWdc Pepper Solar Power Plant in McLennan County, Texas, from OCI Energy. The transaction marks Sabanci Renewables’ third utility-scale solar project...
Lumut Balai Unit 2 Geothermal Power Plant Fully Operational, PGE Adds 55 MW Toward 1 GW Target
Project Manager of the Lumut Balai Unit 2 Project at PGE Achmad Sri Fadli, Director of Finance of PT Pertamina Geothermal Energy Tbk Yurizki Rio, President Director of PT Pertamina Geothermal Energy Tbk Julfi Hadi, Director Operation of PT Pertamina Geothermal Energy Tbk Ahmad Yani, and VP Project Management of PT Pertamina Geothermal Energy Tbk Fandi Indra Bangsawan, conduct a ribbon-cutting ceremony to mark a major milestone achieved by PGE in the operationalization of the Lumut Balai Unit 2 G...
Philippines’ annual renewable power generation to reach 69.4TWh in 2035, forecasts GlobalData
The Department of Energy in the Philippines has established an ambitious objective of attaining 35% renewable energy generation by 2030. Furthermore, the country is on a path to install 15GW of clean energy by the same year. It has also set a target of achieving 50% renewable energy generation by 2040. Against this backdrop, annual electricity generation from renewables in the country is forecast to reach 69.4TWh in 2035, registering a compound annual growth rate (CAGR) of 13.1% during 2024-35,...
Renewables to account for over half of Brazil’s annual power generation in 2035, forecasts GlobalData
Brazil generates power from a diverse range of sources that include thermal sources (gas, oil, and coal), hydropower, nuclear, and renewable. Hydropower accounts for the majority of the country’s annual power generation. However, overdependence on hydropower has made the country vulnerable to droughts. To overcome the challenge, the country is rapidly developing its renewable power capacity. In 2024, renewable power accounted for 36.7% of the country’s annual power generation and is expected to...
From Soil to Sea: Credit Risk Dynamics in Wind Energy Projects
Note: Illustration not to scale. Source: Energy Central. Summary While onshore wind power projects are generally cheaper to build, offshore wind projects offer a criterial advantage: the ability to deploy much larger turbines at scale, generating significantly more energy. This is especially valuable for densely populated European countries with extensive coastlines, as it facilities their renewable energy transition plans. While onshore and offshore wind power projects rely on similar tec...
Egypt’s renewable power capacity to reach 31.6GW in 2035, forecasts GlobalData
Egypt is endeavoring to augment the proportion of renewable energy within its electricity mix to 42% by the year 2035. The nation is actively expanding its capacity through the implementation of large-scale solar and wind energy initiatives. Against this backdrop, renewable power capacity in the country is expected to reach 31.6GW in 2035, registering a compound annual growth rate (CAGR) of 20.4% during 2024-35, according to GlobalData, a leading data and analytics company. GlobalData’s lates...
Global renewable power installed capacity to surge to 11.2TW by 2035, forecasts GlobalData
The power sector is experiencing a notable growth in renewable energy sources, propelled by an array of factors such as technological progress, policy incentives, and a heightened awareness of the imperative for sustainable energy solutions. Consequently, renewable resources, particularly solar photovoltaic (PV) and wind energy, are gaining a larger share in the energy portfolio. Driven primarily by declining costs and strong policy support, particularly for solar PV and wind energy, the global...
Laos’ large hydropower capacity to reach 16GW in 2035, forecasts GlobalData
Laos’ Ministry of Energy and Mines (MEM) has set a goal to reach hydropower capacity of 12GW by 2025 and 20GW by 2030, with the objective of facilitating regional exports. The nation is poised to export renewable electricity to Thailand, Cambodia, and Vietnam, and to a lesser extent, to Myanmar and Malaysia. Against this backdrop, large hydropower capacity in the country is expected to reach 16GW in 2035, registering a compound annual growth rate (CAGR) of 4.8% during 2024-35, according to Globa...
Yanmar America Advances Sustainability Efforts with Solar Panel Installation
Adairsville, GA – Yanmar America has taken a major step toward its sustainability goals with the installation of 914 high-efficiency solar panels at its headquarters in Adairsville, Georgia. As of March 25, the solar array is fully operational, following successful testing by Georgia Power. This solar array will reduce the facility’s reliance on non-renewable power sources and lower the company’s carbon footprint in line with the Yanmar Green Challenge 2050 goals. “This solar investment is ou...
Credit Implications of the Bureau of Ocean Energy Management's Order to Halt Construction on Empire Wind 1
On April 16, 2025, the U.S. Bureau of Ocean Energy Management notified Empire Wind 1 (the Project; an offshore wind project expected to have 810 megawatts of capacity upon entering commercial operation) to halt construction with the objective of reviewing permits that were previously approved. Key highlights include the following: -- In the event the Project is canceled, it is likely that the implied equity commitment will pay down the debt already drawn. -- If the Project only experiences...
Stormwater Interview with Robert Page, P.E., Vice President, HNTB
Santa Barbara County North Branch Jail Expansion
February Issue 2026
