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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

Peru's Privatization Delayed While Protests Debilitate Cities

LCG, April 18, 2002-Peruvian officials planned to auction off state-owned generators on May 1 but have pushed the date back to the 15th at the request of bidding parties.

Egasa and Egesur were to be up for sale even before the May 1 date; Wednesday's postponement to May 15 was the second within a week.

Meanwhile groups in southern Peru have protested, fearing job losses and higher electricity prices. Many civic groups see nothing beneficial in yielding national assets over to foreign investors.

Yesterday protestors blocked entrance to Peru's second largest city, Arequipa, workers were on strike, buses were out of service, and stores in the center were closed. Other Peruvian cities were affected as well. Workers in southern Peru began striking the day before yesterday.

AES Corp., Duke Energy, NRG, Public Service Enterprise Group, Tractebel (Belgium), and Statkraft(Norway) have been found technically qualified to bid on Egasa and Egesur.

Peru's intentions of privatization were set back last week when an official resigned from Copri, the country's privatization commission. Executive Director Pedro Sanchez left the commission after it was decided that the commission would be combined with two other governmental bodies. Vice Financial Minister Patricia Teullet also resigned last week, a move that may have made foreign investors a little skittish.

A Congressional committee has advised that privatization wait until a technical study can be conducted, while others fear that privatization is moving too slowly and may become further hindered by municipal elections some months from now.

Peruvian officials hope to get $700 million for the sale of public energy assets.

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