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Ukrnafta launches tender for 76.4 MW gas generator sets, valued at $38.3 million

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Ukrnafta, Ukraine’s largest oil producer, has announced 16 tenders to purchase gas generator sets totaling 76.4 MW in capacity, with an expected acquisition cost of UAH 1.576 billion (approximately $38.3 million) before VAT. The tenders, scheduled for August 26-27, aim to secure generators with capacities ranging from 1 MW to 14 MW, to be delivered by December 31, 2025. The company plans to acquire various generator capacities, including two sets of 1-1.3 MW, one set…

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Brazil shuts down major hydroelectric plants due to severe drought, shifts focus to thermal, imported power

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Brazil has temporarily shut down two of its largest hydroelectric power plants due to a severe drought, as water levels in the River Madeira reach critically low levels. On August 7, the Electric Sector Monitoring Committee (CMSE) advised the government to minimize hydropower usage and instead focus on thermal power sources and electricity imports from Argentina and Uruguay. The current drought conditions are expected to persist until November 30, according to Brazil’s National Water Agency….

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NextEnergy acquires 248 MW solar portfolio in Spain  

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NextEnergy Capital’s (NEC) international fund, NextPower V ESG, has secured a binding agreement to acquire a 248 MW solar PV portfolio in northeastern Spain. The portfolio comprises 12 solar PV projects and marks a significant addition to NEC’s rapidly growing renewable energy assets. This acquisition follows the recent long-term debt financing closure for an operational portfolio managed by NextPower V ESG’s predecessor, NextPower III ESG, in the same region. The latest investment highlights NEC’s strong…

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RWE secures 4 GW offshore wind sites in North Sea for €250 million

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RWE has secured two offshore wind sites in the North Sea, with a combined capacity of 4 GW, in the latest auction held by the German Federal Network Agency. The sites, N-9.1 and N-9.2, are located between 110 km and 115 km northwest of Borkum island, near the Dutch Exclusive Economic Zone. RWE’s winning bid for these sites amounted to €250 million. Each site is capable of supporting offshore wind farms with a capacity of…

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US more than doubles tariff-free solar cell imports to boost solar panel production

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U.S. President Joe Biden has increased the tariff-free import quota for solar cells to 12.5 gigawatts (GW) from the previous 5 GW, more than doubling the allowable volume to support domestic solar panel manufacturers that rely on overseas components. The tariff on these imports remains at 14.25%. This change, announced in a White House proclamation, is intended to aid the U.S. solar manufacturing sector, which has faced challenges from low-priced imports primarily from Asia. The…

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Delton Cables secures Rs 1.77 billion in orders for power cables in Q1 FY25

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Delton Cables Ltd announced that it secured orders worth Rs 1.77 billion for power cables during the first quarter (April to June) of FY25. These orders are to be fulfilled over the next two years, with the company’s outstanding order book standing at Rs 2.94 billion as of June 30, 2024. In an investor presentation discussing its Q1 FY25 performance, Delton Cables highlighted its strategy to develop a pan-India presence and expand into new sectors,…

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Gensol-Matrix win Rs 4.5 billion PLI award for 237 MW hydrogen electrolyser project

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Gensol Engineering Ltd and Matrix Gas & Renewables Ltd have secured a Rs 4.5 billion production-linked incentive (PLI) award to manufacture a 237 MW hydrogen electrolyser. The award is part of a competitive tender issued by the Solar Energy Corporation of India (SECI), with the consortium’s total secured capacity reaching 300 MW, including a previous 63 MW award under the first tranche.

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Fresh Bus raises Rs 875 million in Series A funding

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Electric intercity bus startup Fresh Bus has secured Rs 875 million in its Series A funding round, led by Maniv, with participation from Shell Ventures, Alteria Capital, and Riverwalk Holdings. Founded last year, Fresh Bus has quickly become a leader in electric bus mobility, currently operating 20 buses on routes like Bengaluru-Tirupati and Hyderabad-Vijayawada. The new funds will enable Fresh Bus to expand its operations by adding 15 new routes and deploying 150 additional electric…

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India amends cross-border electricity trade guidelines, allowing select grid connections

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The Central Electricity Authority (CEA) has announced amendments to its procedures for cross-border electricity import and export, offering new flexibility for power generators. The key change, detailed in a notification issued on 12 August 2024, modifies Clause 7.3.3 of the 2018 guidelines for cross-border electricity trade. Previously, the guidelines prohibited any electrical connection between the applicant’s electricity system and India’s inter-state or intra-state grids. The recent amendment now permits such connections, provided they receive approval…

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GE Power India secures Rs 472.7 million order from Steag Energy Services

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GE Power India Ltd has secured a Rs 472.7 million order from Steag Energy Services (India) Private Ltd for renovation and maintenance (R&M) work on a 600 MW boiler.  The order value excludes an 18% GST, according to the company’s exchange filing. The project is expected to be completed within 6.5 months.