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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

Peruvian Privatization Woes Lead to Director's Resignation

LCG, July 22, 2002-Peru's executive director of privatization resigned as the sale of government electricity assets has been repeatedly delayed.

Ricardo Vega Llona, who resigned once before in late June, resigned for good. Alberto Pasco-Font has taken his position as executive director.

The Peruvian government postponed the sale of state-owned energy companies Egasa and Egesur several times because of public outcry and fears on the part of the purchasers. Belgian energy company Tractabel won the bidding on Egasa and Egesur, but the final sale was postponed in the midst of widespread riots in southern areas of Peru.

Peru decided to sell government assets this year in order to raise $700 million, but Vega Llona contends that the privatization will not yield the expected cash.

Now government officials say that Egasa and Egesur, along with some other assets, will not be sold until after elections in November.

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