Wind
Dec 4, 2024
HMC Capital Invests $950 Million in Australian Renewable Energy Portfolio
HMC Capital has announced a $950 million investment to acquire Neoen’s wind, solar, and battery assets in Victoria, Australia, as part of a new fund aimed at supporting the country’s energy transition to meet federal renewable targets by 2030.
Led by Angela Karl, the fund aims to raise an initial $2 billion and has already secured 652 MW of operational assets and a pipeline exceeding 2,800 MW of projects. The acquisition includes significant assets such as Victoria’s “big battery” and the Bulgana wind farm. HMC’s energy transition fund, chaired by former Prime Minister Julia Gillard, seeks to build a 15 GW portfolio to support a greener energy future. Challenges include delays in transmission network development and the scale of construction required. HMC is also exploring long-duration battery technologies to enhance grid reliability during the shift away from fossil fuels. Read more.
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wind
Jul 19, 2025
BP Sells U.S. Onshore Wind Business, Retreating from Green Energy
BP has agreed to offload its U.S. onshore wind assets—covering 10 wind farms powering over 500,000 homes—to LS Power, as it pivots back toward oil and gas amid financial pressures and underperformance in its green-energy arm.
wind
Jul 7, 2025
Trump Issues Executive Order Ending Wind & Solar Tax Subsidies
President Trump signed an executive order mandating federal agencies to enforce the termination of wind and solar tax credits after 2026 and adjust Interior policies perceived as favoring renewables.