Latest News In Energy Transition - Oracle Powers Up with Scout's Wind Energy Partnership

In a significant development within the energy transition landscape, Scout Clean Energy has signed a Virtual Power Purchase Agreement (VPPA) with Oracle for the Ranchero Wind Farm in Texas. This agreement represents a key component of Oracle's broader initiative to invest in more than 1.7 gigawatts of renewable energy projects in Texas. The Ranchero Wind Farm, operational since 2019, stands as Scout's largest renewable energy project, with the capacity to power approximately 177,000 homes annually. This partnership underscores a commitment to expanding carbon-free electricity and supporting the reliability and resilience of the Texas energy grid, aligning with Oracle's goal to match 100% of its AI data center energy needs with carbon-free electricity by 2035.

In other market news, Inner Mongolia MengDian HuaNeng Thermal Power (SHSE:600863) was a standout up 8.1% and closing at CN¥5.10. In the meantime, Jiangsu Leadmicro Nano-Equipment Technology (SHSE:688147) lagged, down 11.7% to end the day at CN¥89.58.

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• Vistra (NYSE:VST) settled at $166.72 up 3.9%.
• Tesla (NasdaqGS:TSLA) finished trading at $377.81 down 0.8%.
• GE Vernova (NYSE:GEV) finished trading at $997.09 down 3.1%.

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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.

Sources:

• Simply Wall St
• "Scout Clean Energy Announces PPA with Oracle for Texas Wind Energy Farm" from Scout Clean Energy on GlobeNewswire (published 07 October 2026)

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