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Invenergy Announces New Agreements with Meta for Renewable Energy to Support Data Center Operations

LCG, June 26, 2025--Invenergy today announced that they and Meta Platforms, Inc. have signed four new clean energy agreements that total an additional 791 MW of procured solar and wind capacity to support Meta's near-term operations, data center growth, and clean energy goals.

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New York Power Authority to Develop New Nuclear Facility in Upstate New York

LCG, June 23, 2025--The Governor of New York today directed the New York Power Authority (NYPA) to develop and construct an advanced nuclear power plant in upstate New York to deliver zero-emission power that supports a reliable and affordable electric grid. NYPA will lead the effort to develop at least one new nuclear energy facility with a combined capacity of at least one gigawatt (GW) of electricity, either alone or in partnership with private entities. The directive builds on the Governor’s 2025 State of the State to develop nuclear energy plans in New York.

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Industry News

Spanish Endesa to Sell Power Unit to Italy's Enel

LCG, Sept. 13, 2001--Spanish electric utility Endesa said yesterday it would sell its New Viesgo electric generation and distribution business to Enel of Italy for 2.147 billion euros ($2.39 billion U.S.).

New Viesgo will give Enel a foothold in Spain with a retail customer roster of more than a half-million representing about 3 percent of the Spanish distribution market. Its 2,365 megawatts of installed generating capacity is almost 5 percent of the Spanish total.

The financial channel between Endesa and Enel is a two-way street. In July, Endesa agreed to buy Enel's Elettrogen for 2.63 billion euros ($2.93 billion). Endesa has said it will place other assets on the market as part of a program to raise 20.5 billion euros ($22.8 billion).

Enel beat out rival bids from Spain's Hidroelectrica del Cantabrico, Belgium's Electrabel and a unit of France's Suez.

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