Igneo Infrastructure Partners (Igneo) and its Australian renewables business, Atmos Renewables (Atmos), have announced a significant acquisition. Atmos has acquired 100% of the Wild Cattle Hill Wind Farm (Cattle Hill) from PowerChina and Goldwind. This acquisition expands Atmos’ growing portfolio of renewable energy assets in Australia.

The Wild Cattle Hill Wind Farm, which is 93 kilometers northwest of Hobart, is around 149 MW in capacity. The 148.4 MW wind farm was created as a joint venture between PowerChina and GoldWind.

Also read: Cubico Sustainable Investments Secures Financial Close for Wambo Wind Farms

Growth of Atmos Renewables

Since the company’s establishment in 2020, it has executed several acquisitions. The current deal is the 7th follow-on acquisition for the company. Through the incorporation of this new asset, Atmos has taken its renewable energy capacity above 1.8 GW. So far, the company’s portfolio reflects 11 wind and 6 solar assets in the books.

Atmos is also aggressively developing a pipeline of over 7 GW across 18 projects, which include wind, solar, and battery storage. The company has made considerable progress on several projects, including the Parron wind farm and Merredin battery storage projects. The two projects recently received necessary development approvals.

CEO’s Statement on the Acquisition

Nigel Baker, CEO of Atmos, expressed his enthusiasm for the acquisition. He said, “This acquisition not only adds to our operating portfolio but further solidifies our commitment to diversifying our commercial exposure to the Australian electricity market.”

He added, “With a robust development pipeline and strong operational portfolio, we are poised to continue our leadership in the sector and deliver value to our stakeholders.”

Future Plans and Sustainability Goals

Atmos Renewables is committed to growing its renewable energy footprint. The Wild Cattle Hill Wind Farm acquisition is part of the long term strategy to diversify assets and expand the renewable energy capacity in the Australian market.

Atmos strongly focuses on sustainable energy and has a promising development pipeline. With these factors, Atmos is positioning itself to spearhead Australia’s transition to a low carbon economy.

Technip Energies and LanzaTech Global, Inc. announced that up to $200 million in funding by the Department of Energy (DOE) Office of Clean Energy Demonstrations (OCED) would go to the Sustainable Ethylene from CO2 Utilization with Renewable Energy Project (Project SECURE). The initiative catches CO2 from ethylene production and recycles with low-carbon hydrogen to manufacture sustainable ethanol and ethylene.

Project SECURE will be a pioneering technology for ethylene production. The goal is to recycle CO2 and low-carbon hydrogen into valuable chemicals, reducing carbon intensity in production. The technology will be first deployed in the US Gulf Coast region and integrated into an existing ethylene cracker. With over 40% of global ethylene crackers using Technip Energies’ technology, the project has strong potential for worldwide replication.

LanzaTech’s DOE-supported carbon recycling tech will turn CO2 emissions into valuable products, benefiting industries beyond just ethylene production.

OCED Funding Boosts Project Launch

The DOE’s $200 million commitment will fund the design, engineering, construction, and equipment for commercial-scale technology implementation. The approval of nearly $20 million kicks off Phase 1 of the project. Phase 1 will launch after receiving approval for nearly $20 million in funding. During Phase 1, Technip Energies and LanzaTech will conduct the Front-End Engineering Design (FEED) study, developing project plans and NEPA-required documents. The team will meet with local communities and labor groups to ensure smooth integration and long-term success.

Arnaud Pieton, CEO of Technip Energies, said. “We are pleased to receive the Phase 1 award from the OCED and begin the engineering design work to progress the development of this innovative technology. The global population is expected to continue to rise by 2050, bringing with it a greater demand for consumer goods that rely on ethylene. While addressing this growing demand, we absolutely need to decarbonize ethylene production.

He added, “We not only need to do something about carbon but very importantly with carbon. That is what our partnership with LanzaTech on this technology is all about. Leveraging our long-lasting leadership in ethylene, we are committed, together with LanzaTech, to develop this technology at scale and continue to explore ways to decarbonize ethylene production.”

Also read: Technip Energies and SBM Offshore establish Ekwil for floating offshore wind solutions 

Project Oversight and Future Phases

OCED aims to drive clean energy tech demonstrations, speeding up market adoption and ensuring a fair transition to decarbonization. The DOE will monitor progress, evaluating community benefits, environmental impacts, and implementation quality before approving funding for next phases.

OCED will assess the project’s progress in meeting clean energy goals and delivering lasting environmental and economic benefits.