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DTE Energy Invests in 1.5 GW of Michigan-made Battery Energy Storage Systems for Eight Projects

LCG, May 28, 2026--DTE Energy yesterday announced a $1.6 billion investment to develop Michigan-made battery energy storage systems across Michigan through partnering with LG Energy Solution Vertech, the U.S. energy storage division of LG Energy Solution.

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Microsoft and Avangrid Sign PPA for Bluebird Solar Project in Washington State

LCG, May 27, 2026--Avangrid, Inc., a member of the Iberdrola Group, today announced the signing of a Power Purchase Agreement (PPA) with Microsoft for the 140 MWdc (100 MWac) Bluebird Solar project in Klickitat County, Washington. Bluebird is located near four other energy projects owned and operated by Avangrid in Klickitat County and represents another $300 million investment in the community. The Bluebird Solar project is expected to achieve commercial operation in 2028.

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Industry News

Chile says AES May Have to Buy All of Gener

LCG, Dec. 13, 2000--Chilean Securities and Insurance Superintendent Alvaro Clarke said yesterday that new legislation may require AES Corp. of the U.S. to acquire 100 percent of power producer Gener if it completes its current tender offer for 80 percent of the company.

The legislation, not yet signed by President Ricardo Lagos, requires the purchaser of two-thirds of a Chilean company to acquire the remaining equity through a tender offer. Clarke said it was very likely President Ricardo Lagos would sign the Tender Offer and Corporate Governance Bill into law before AES completes its tender offer.

"If AES Corporation takes control of two-thirds of Gener during its tender offer, and if the new law is already ratified, then it must open a new process to control 100 percent of equity at a price that is no less than the one announced," Clarke explained.

AES has said it would be willing to consider acquiring 100 percent of Gener if legislation requires the company to do so.

Gener is Chile's second-largest power producer and its largest producer of electricity from thermal power plants.

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