US-based GE Vernova’s Financial Services business and Italy’s Lizard Renewables S.p.A. have launched Alva Power, a 50-50 joint venture aimed at advancing Italy’s electrification and decarbonization goals. The venture plans to develop over 1 GW of renewable energy projects, including wind, solar PV, and battery energy storage systems (BESS). According to Lizard, the projects are pre-selected and ready for execution. Initially, Alva Power will focus on onshore wind in Italy, with GE Vernova prioritizing equipment and service supply. The partnership also aims to explore opportunities beyond Italy in the future.
The 312 MW solar projects span multiple Japanese regions and boost Nozomi Energy’s portfolio to 750 MW. (Image Source: Actis)
Emeren sold its 2.8 MW solar project in Maine to Altus Power, completing the transfer through sale and operation handover. (Image credit/Source: KindelMedia/Pexels)
A 1.14 MW solar farm in Novo Selo, North Macedonia, featuring Huawei inverters with over 90% efficiency. (Image Credit/Source:SolarEnergy/Pixabay)
Grenergy sold 23% of Oasis de Atacama, including 451 MW solar and 2.5 GWh storage, generating 1.3 TWh annually. (Image Credit/Source: SolarPanal355/Pixabay)