Canadian Hydro ends offshore prospect agreement
CALGARY, ALBERTA - Canadian Hydro Developers, Inc. has terminated its previously announced definitive agreement with Wasatch Wind, Inc. to acquire a subsidiary of Wasatch that is developing a 4,400 MW offshore wind prospect located in Lake Erie.
Wasatch is a private U.S.-based renewable energy company. Terms of the Agreement remain confidential.
On October 23, TransAlta Corporation's acquired approximately 87 per cent of the outstanding common shares of Canadian Hydro. Canadian Hydro now believes that based on the growth opportunities available, off shore wind is not a priority at this time.
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Duke Energy Florida to build its largest battery storage projects yet
ST. PETERSBURG - Duke Energy Florida (DEF) has announced three battery storage projects, totaling 22 megawatts, that will improve overall reliability and support critical services during power outages.
Duke Energy, the nation's largest electric utility, unveils its new logo. (PRNewsFoto/Duke Energy) (PRNewsfoto/Duke Energy)
Collectively, the storage facilities will enhance grid operations, increase efficiencies and improve overall reliability for surrounding communities.
They will also provide important backup generation during power outages, a service that is becoming increasingly important with the number and intensity of storms that have recently impacted the state.
As the grid manager and operator, DEF can maximize the versatility of battery technology…
