Australia Passes Major Tax Reform Bill to Boost Housing Affordability and Cut Taxes for Workers 
CrowdStrike Beats Q1 FY2027 Expectations, Raises Outlook Despite After-Hours Stock Decline 
Lake beds are rich environmental records — studying them reveals much about a place’s history 
UK House Prices Slip for Third Straight Month as Borrowing Costs and Iran Conflict Weigh on Demand 
BOJ June Rate Hike Likely as Inflation Risks Rise Amid Middle East Tensions 
CBS News Fires Scott Pelley Amid Major Changes at ‘60 Minutes’ in 2026 
US Stock Futures Slide as Broadcom Sparks Tech Selloff Ahead of Key Jobs Report 
Swimming in the sweet spot: how marine animals save energy on long journeys 
US Dollar Poised for Weekly Gain as Middle East Tensions and Payroll Data Boost Market Focus 
Asian Stocks Slide as Tech and Chip Shares Retreat Amid Iran Conflict Concerns 
US Dollar Hits Near Two-Month High as Strong Jobs Data and Middle East Tensions Boost Rate Hike Expectations 
Switch Eyes Multi-Billion-Dollar Funding Round at $50 Billion Valuation Ahead of Potential IPO 
Meta Challenges Australia’s Proposed Tech Tax, Citing U.S. Trade Agreement Concerns 
Asian Stocks Rally as AI Optimism and Tech Surge Lift Regional Markets in 2026 
Quantinuum Raises $1.68 Billion in Upsized Nasdaq IPO Amid Growing Quantum Computing Demand 
How is Antarctica melting, exactly? Crucial details are beginning to come into focus 
Samsung C&T Renewables has entered a groundbreaking alliance with Sunraycer Renewables, targeting a 3GW solar and energy storage system (ESS) endeavor in Texas. While exact financial terms remain private, the initiative anticipates powering approximately 600,000 US households annually.
The agreement encompasses the development and sale of a consortium of 15 projects spread across various stages of progress throughout the expansive Texan landscape. Leveraging its expertise, Samsung C&T, the renewable energy arm of Samsung C&T Corp. in the US, will facilitate assessments and acquire permits required for the solar plant construction.
Sunraycer, a prominent US-based renewable energy firm specializing in asset acquisition and joint development, embraces the opportunity to spearhead these revolutionary projects. Six of the 15 initiatives are solar-based, boasting an impressive combined capacity of approximately 1 GW. In contrast, the remaining nine projects will focus on dynamic energy storage systems (ESS), reaching a staggering capacity of around 2GW.
Spanning an impressive area of 6,100 acres or nearly 25 square kilometers, the 3GW undertaking possesses the remarkable potential to power approximately 600,000 US households annually. Samsung C&T, the construction subsidiary of the Samsung Group, pledges a range of comprehensive development-linked services, encompassing thorough evaluations and necessary licensing acquisitions.
While the exact financial terms remain undisclosed, both Samsung C&T Renewables and Sunraycer are eager to promptly commence project development with the goal of initiating commercial operations between 2025 and 2026.
This partnership fortifies Samsung C&T's position in the American renewable energy market, serving as a solid foundation for further expansion. The company's wide-ranging energy portfolio, from solar photovoltaics to ESS, stands at an impressive 16.2GW, with 14.9GW in the US and 1.3GW in Australia.
Samsung C&T plans to bolster its solar farms and ESSs in the United States and Australia to a staggering 25GW by 2025.
Photo: BoliviaInteligente/Unsplash
