NORD/LB, Rabobank, and Siemens Bank have announced a combined €135 million ($160 million) financing package for a 199-MW portfolio of three wind and two solar farms in Aragón, Spain. The projects have been acquired by ENCAVIS, a leading pan-European independent power producer. The post Bank Consortium Closes $160M Financing for Spanish Wind, Solar Portfolio appeared first on POWER Magazine.
Nuclear Waste Disposal Group Completes DOE-Funded Research Project
Deep Isolation Nuclear, an innovator in nuclear waste disposal technology, on January 13 said the company has successfully completed its Project SAVANT (Sequential Advancement of Technology for Deep Borehole Disposal), a two-year research initiative funded by the U.S. Department of Energy Advanced Research Projects Agency–Energy (ARPA-E). The post Nuclear Waste Disposal Group Completes DOE-Funded Research Project appeared first on POWER Magazine.
Kiewit Chosen as EPC for New 1,425-MW Gas-Fired Power Plant in Georgia
A major southeastern U.S. electric cooperative said it has chosen Kiewit Corp. to serve as the lead contractor for a new natural gas-fired combined-cycle power plant it has planned in Monroe County, Georgia. The post Kiewit Chosen as EPC for New 1,425-MW Gas-Fired Power Plant in Georgia appeared first on POWER Magazine.
Why America’s Nuclear Future Depends on its Fuel Supply Chain
For much of the 20th century, the U.S. set the global standard for civilian nuclear energy. American innovation shaped reactor design, safety culture, and regulatory practice worldwide. Yet today, as nuclear power regains prominence amid concerns over climate, energy security, and industrial competitiveness, America faces a quieter but more consequential challenge: the erosion of its nuclear fuel supply chain. The post Why America’s Nuclear Future […]
Iberdrola Group Energizes Massive Transmission Line Project in Brazil
A subsidiary of Spanish energy giant Iberdrola said it has energized a major transmission line project in Brazil. Neoenergia on January 10 said the company has completed the final section of the Alto Paranaíba Project. The group said the installation is Iberdrola’s largest transmission project in Brazil, and one of that country’s biggest electricity delivery initiatives. The 1,600-kilometer (994 miles) transmission line features 3,250 towers, […]
Constellation Completes Acquisition of Calpine; Groups Have 55 GW of Generation Capacity
Major U.S. utility Constellation said it has completed its acquisition of Calpine Corp. from Energy Capital Partners (ECP), creating the nation’s largest producer of electricity. The companies on January 7 noted that the transaction, first announced as a $16.4-billion deal a year ago, unites Constellation’s nuclear power fleet with Calpine’s natural gas-fired and geothermal generation. The cash-and-stock deal, when including debt, has a total value […]
Meta Locks In Up to 6.6 GW of Nuclear Power Through Deals With Vistra, Oklo, and TerraPower
In-Depth: Meta’s suite of three landmark agreements is poised to provide the financial certainty to extend aging plants, accelerate first-of-a-kind advanced reactor deployments, and relieve PJM’s tightening capacity constraints while establishing the hyperscaler as an anchor customer for a 6.6-GW corporate-backed nuclear fleet. In a stunning move that reinforces Big Tech’s growing role in underwriting […] The post Meta Locks In Up to 6.6 GW […]
Exus Renewables North America Closes $400-Million Credit Facility for Solar, Wind, Storage Projects
Exus Renewables North America (Exus), a leading independent owner, developer and operator of utility-scale renewable energy projects, announced the closing of a $400-million senior secured corporate credit facility. The facility will fund the development and expansion of the company’s growing wind, solar and battery portfolio. The post Exus Renewables North America Closes $400-Million Credit Facility for Solar, Wind, Storage Projects appeared first on POWER Magazine.
Eavor’s First-of-Its-Kind Closed-Loop Geothermal Project Produces Grid Power in Germany
Eavor’s Geretsried project marks the first time a closed-loop geothermal system has delivered electricity to a commercial power grid, demonstrating a new pathway for advanced geothermal deployment. Calgary-based Eavor Technologies on Dec. 4, 2025, became the first company to deliver electricity to a commercial power grid at its Geretsried facility in Bavaria, Germany, using a fully […] The post Eavor’s First-of-Its-Kind Closed-Loop Geothermal Project Produces Grid […]
A Simple Way to Prevent Electricity from Becoming Less Affordable
Affordable electricity prices have become a top priority for consumers, policymakers, voters, and elected officials. Electricity prices for the residential, commercial, industrial, and transportation sectors averaged 6.7% higher in September 2025, compared to the same month one year ago. Residential prices alone increased by more than 7%, making it especially challenging for low- and middle-income […] The post A Simple Way to Prevent Electricity from […]