Power Technology

1 day ago | power-technology.com | Tiash Saha

The projects are due to commence operations in Q2 2026. Credit: Zelestra. Renewable energy company Zelestra has achieved financial close for a portfolio financing of six solar photovoltaic (PV) projects, forming the Belinchón and Brazatortas clusters in Spain. The financing includes 21 power purchase agreements (PPAs) and a senior debt package of €146.6m in green financing for the construction phase of the projects.

1 day ago | power-technology.com | Tiash Saha

With a transmission capacity of up to 1GW, the link will span roughly 300km. Credit: Brian Guest/Shutterstock. Terna, the Italian national grid operator, has signed a three-year memorandum of understanding (MOU) with IPTO, the Greek Transmission System Operator (TSO), to develop a new electrical interconnection between the two countries, known as the GRITA 2 project.

5 days ago | power-technology.com | Tiash Saha

The company’s book-to-bill ratio remained strong at 1.45, contributing to a record order backlog of €133bn. Credit: T. Schneider/Shutterstock. Siemens Energy has announced in its second quarter (Q2) earnings report that it anticipates a comparable revenue growth of 13–15% for fiscal year 2025 (FY25), citing strong order momentum. The company posted a 20.7% increase in revenue on a comparable basis to €10bn in Q2.

5 days ago | power-technology.com | Tiash Saha

The first SMR is estimated to cost C$6.1bn ($4.38bn), with additional costs of C$1.6bn for shared systems and services. Credit: JHVEPhoto/Shutterstock. The Government of Ontario has approved Ontario Power Generation’s (OPG) plan to construct the first of four small modular reactors (SMRs) at the Darlington nuclear site in Clarington, Ontario, under the C$20.9bn Darlington New Nuclear Project.

6 days ago | power-technology.com | Tiash Saha

The agreement supports Elementl Power’s ambition to bring more than 10GW of power online in the US by 2035. Credit: BobNoah/Shutterstock. US-based nuclear development company Elementl Power has formed a strategic partnership with tech giant Google to pre-position three US sites for advanced nuclear energy development. Google is committing early-stage development capital to the projects. Each will generate a minimum of 600MW of power.