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SSE Thermal, EET Hydrogen to develop green hydrogen facility in North West England

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SSE Thermal and EET Hydrogen have partnered to build a green hydrogen production facility, named Gowy Green Hydrogen, at the Stanlow Manufacturing Complex in Ellesmere Port, Cheshire. The initial 40 MWe facility will supply hydrogen to local industries and is expected to begin operations by 2028. Feasibility studies are complete, and design and site investigations are currently underway. A planning application is expected in 2025, with a final investment decision to follow. In August 2024,…

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Encavis secures €60.7 million financing for solar plant in Germany

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Encavis has secured €60.7 million in non-recourse project financing for its solar plant in Lindenhof, Borrentin, located near Demmin in Mecklenburg-Western Pomerania. The plant is expected to be operational by the end of September 2024 and will generate 121 GWh of electricity annually. The financing, provided by Bayerische Landesbank, supports Encavis’ growth strategy, with around 74% of the plant’s output secured through a ten-year power purchase agreement (PPA) with a corporate buyer. The financing package…

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EliTe Solar plans Investment in 8 GW solar manufacturing hub in Egypt

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EliTe Solar has announced plans to invest over $150 million in building an 8 GW solar manufacturing hub in Egypt’s Suez Special Economic Zone. The facility, spanning 78,000 square meters, will focus on producing high-efficiency solar cells and assembling modules, with a significant portion of the output intended for export to key markets, including the US. The project will be completed in two phases, with the initial phase establishing a 2 GW solar cell production…

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CME Solar and Vista Global partner in joint venture to expand rooftop solar energy in Vietnam

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CME Solar Investment and Vista Global, a subsidiary of Samsung C&T, have launched a joint venture to develop rooftop solar energy in Vietnam. The CME-Vista partnership aims to contribute to Vietnam’s shift towards a low-carbon economy by leveraging CME’s local expertise and Vista Global’s technical and financial resources. The collaboration will focus on deploying high-performance rooftop solar systems, supporting Vietnam’s goal of achieving net-zero emissions by 2050 and expanding clean energy solutions across the country.

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Clime Capital to invest USD 10 million in Upgrade Energy Philippines

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Clime Capital Management Private Limited has announced plans to invest up to USD 10 million in Upgrade Energy Philippines to accelerate the deployment of solar energy infrastructure across the country. The funding comes from the Southeast Asia Clean Energy Fund. Upgrade Energy, which began its solar journey with a rooftop installation in 2015, aims to surpass 50 MW of installed solar capacity by the end of 2024. Over the next four years, the company plans…

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Hindustan Zinc’s top-quality zinc used in India’s heaviest power transmission steel pole

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Hindustan Zinc Ltd has announced that its premium zinc was used in the galvanization process for India’s heaviest power transmission steel pole. The 400kV dual pole structure, standing 57 meters tall, was galvanized using Hindustan Zinc’s special high-grade (SHG) zinc ingots and low-dross jumbo SHG zinc. This process provides essential protection against corrosion, air, water, heat, and pollution, enhancing the pole’s structural integrity. The structure, manufactured by Skipper Ltd, is part of the 400kV Quad…

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Vedanta Aluminium launches high-conductivity products

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Vedanta Aluminium unveiled two new products tailored for the power and transmission industry at PowerEdge 2024. The first, AL59 Ingot, offers superior electrical conductivity, ideal for remelting, while the second, an EC-grade Wire Rod, is designed for winding strip applications, providing a balance of strength, conductivity, and workability. Both products are precision-engineered for use in transformer and motor winding applications. With a wire rod production capacity of 650 kilotonnes, Vedanta Aluminium is the largest producer…

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Record tariff set for Khavda IV-C ISTS project

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Sterlite Power has secured the Khavda IV-C interstate transmission system (ISTS) project with an annual tariff of Rs 13.15 billion, the highest ever for an ISTS scheme under the tariff-based competitive bidding (TBCB) process. Competing bids from Power Grid Corporation of India Ltd (PGCIL) and Adani Energy Solutions Ltd (AESL) were close, with the L2 bid just 0.25% higher than Sterlite’s winning bid. The project, now estimated to cost over Rs 120 billion, includes a…

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Apraava Energy signs 300 MW solar PPA with NTPC for Rajasthan project

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Apraava Energy has signed a power purchase agreement (PPA) with NTPC Ltd for a 300 MW interstate transmission system (ISTS)-connected solar energy project in Rajasthan. Secured through an e-reverse auction at a tariff of Rs 2.65 per kWh, the project is part of NTPC’s solar tender for setting up 1,500 MW of ISTS-connected solar PV power projects across India. The PPA, effective for 25 years from the scheduled commencement of supply, tasks Apraava Energy with…

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Union Cabinet approves PM E-DRIVE Scheme with Rs 109 billion outlay to boost electric mobility

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The Union Cabinet has approved the PM Electric Drive Revolution in Innovative Vehicle Enhancement (PM E-DRIVE) Scheme, with a Rs 109 billion budget over two years, aimed at accelerating electric mobility in India. The scheme provides Rs 36.79 billion in subsidies for electric two-wheelers (e-2Ws), three-wheelers (e-3Ws), ambulances, trucks, and other emerging EVs, targeting 2.479 million e-2Ws, 316,000 e-3Ws, and 14,028 e-buses. Buyers will receive demand incentives through an Aadhaar-authenticated e-voucher system. Key allocations include…