Electricity and gas utility company National Grid Plc said on March 7 it agreed to buy U.S-based utility-scale wind and solar energy developer Geronimo Energy for at least $100 million.
National Grid said it was also progressing on an agreement to buy a 51% stake in 378 megawatts of solar and wind generation projects developed by Geronimo for $125 million.
The projects, which have long-term power purchase agreements in place, will be jointly owned by National Grid and Washington State Investment Board and operated by National Grid.
E&P Highlights: June 5, 2023
2023-06-05 - Here’s a roundup of the latest E&P headlines in the upstream oil and gas industry, including wells offshore Congo beginning production and approval for a North Sea field development.
Mexico Authorizes Exports from Altamira Fast LNG Project
2023-06-05 - Mexico’s Energy Secretariat issued an export permit to New Fortress Energy Inc. for its Altamira fast liquefaction facility slated to start LNG operations in third-quarter 2023.
Exclusive: VTX Energy Adds More Southern Delaware Acreage, CEO Says
2023-06-05 - VTX Energy Partners, backed by Swiss energy trader Vitol, is expanding its southern Delaware Basin footprint to 47,000 net acres through a bolt-on acquisition, CEO Shepherd says.
Crestwood Publishes Fifth Annual Sustainability Report
2023-06-05 - Crestwood Equity Partners’ sustainability report highlights the company’s progress in achieving its ESG and sustainability goals.
Range Declares Quarterly Dividend
2023-06-05 - Range Resources’ board of directors declared an $0.08 per share quarterly cash dividend on common stock for the second quarter.