Key Power Sector News Roundup for September 27, 2024

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Marsons Secures LoI for 150 MW Solar Plant in Rajasthan  Marsons has received an LoI from Nacof Oorja to develop a 150 MW solar PV plant in Rajasthan for Rajasthan Renewable Energy Corporation Limited under the KUSUM Scheme Megha Engineering to Invest Rs 210 Billion in Two Hydro Projects Megha Engineering & Infrastructures Ltd (MEIL) will invest Rs 210 billion in two pumped storage hydro projects in Maharashtra, totalling 4,000 MW. The Kamod and Ghosla…

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Nigeria installs advanced SCADA systems for power grid management

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The Nigerian government has announced the installation of advanced supervisory control and data acquisition (SCADA) systems to transform the management of the national power grid. Funded by the World Bank, this initiative is part of the Nigerian electricity transmission access project aimed at upgrading the country’s energy infrastructure. The new SCADA systems enable real-time monitoring and control, improving response to power outages and load management. Installed at over 100 substations, including Lagos’ Apapa substation, and supported…

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Pupuk Indonesia to procure green hydrogen from PLN and ACWA

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PT Pupuk Indonesia (Persero) has signed a Head of Key Terms (HoT) agreement with ACWA Power, PLN Energi Primer Indonesia, and PLN Indonesia Power to secure green hydrogen for scaling up its green ammonia production. This collaboration, which began last year, aims to ensure a steady supply of green hydrogen, the key raw material for producing green ammonia, which Pupuk Indonesia will use to manufacture urea and NPK fertilizers. A joint venture between ACWA Power…

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HIF Global announces green methanol project in Brazil

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HIF Global, a leading green fuels company, has unveiled plans to produce up to 800,000 tons of green methanol annually in Brazil. This marks the company’s first project of its kind in the country. HIF Global has signed a land reservation contract with the Port of Açu in Rio de Janeiro to develop the facility, with the port offering support for various aspects of project development. The Port of Açu, a key logistics and industrial…

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Latvia’s TSO signs contracts to connect over 1,100 MW RES

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Latvia’s transmission system operator, Augstsprieguma Tīkls (AST), has signed contracts with 12 developers to connect more than 1,100 MW of renewable energy projects, including solar and wind power plants, to the transmission network. This represents a capacity increase of more than 150% compared to the current total of 690 MW of solar and wind power plants connected to Latvia’s grid as of September 2024. By the end of 2024, AST plans to finalize connection agreements…

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Grenergy acquires 1 GW solar capacity from Repsol and Ibereólica

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Grenergy has acquired 100% of a 1 GW solar capacity and a 1 GW energised line from Repsol and Ibereólica, bolstering the expansion of its Oasis de Atacama project. The company is investing $128 million in the deal, which will increase battery storage capacity from 4.1 GWh to 11 GWh and double the solar PV generation capacity from 1 GW to 2 GW. The acquisition includes a 77 MW solar project and 923 MW of…

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Russian ‘shadow fleet’ poses environmental risk in Baltic Sea, warns Greenpeace

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A recent Greenpeace report warns of the significant risk posed by Russia’s so-called ‘shadow fleet’ of ageing tankers transporting crude oil, which bypass international sanctions. The report highlights the environmental threat of a potential oil spill in the Baltic Sea, particularly along the German coastline near Rostock, Lübeck, and Kiel. Greenpeace experts analysed four years of vessel movement data from tankers leaving Russian Baltic ports, including Primorsk, St. Petersburg, Ust-Luga, and Vysotsk. With Russia increasing…

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Iberdrola to acquire remaining 18% stake in Avangrid for $2.55bn

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Spanish utility Iberdrola has announced that Avangrid shareholders have approved its $2.55 billion proposal to acquire the remaining 18% stake in the company. Shareholders will receive $35.75 per share, representing a 15.2% premium over the 30-day weighted average price before the acquisition’s March announcement. The acquisition will enhance Avangrid’s ability to secure financial resources needed for investments in transmission and distribution networks in states like New York, Connecticut, Maine, and Massachusetts. Following regulatory clearances, Avangrid…

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UNEZA commits $116bn annually to clean power and grid infrastructure

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Members of the Utilities for Net Zero Alliance (UNEZA) have announced plans to invest over $116 billion per year in clean power generation and grid infrastructure globally in the coming years. Nearly 50% of this investment will focus on transmission and distribution infrastructure. UNEZA, launched at COP28 in 2023, includes 32 major energy companies like Adani Green Energy, Hitachi Energy, and TAQA. The alliance aims to modernise grid infrastructure and drive demand for equipment and…

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Octopus Energy commits £2bn to UK renewable energy projects by 2030

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Octopus Energy Generation has announced a £2 billion investment in UK renewable energy projects by 2030, with a focus on solar capacity, including 222 MW currently in the pipeline. The investment covers the development of four new solar farms by BayWa r.e. in the UK, with construction on three sites expected to begin by the end of 2024 and the fourth in 2025. The projects include the 50 MW Perrinpit Road solar park in Bristol,…