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Invenergy and Honda ink virtual power purchase agreement in Japan

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Invenergy has announced a virtual power purchase agreement (VPPA) with Honda Motor Co Ltd. for the Rusutsu wind project in Japan’s Hokkaido region, providing 63 MW of renewable energy. The wind farm is expected to offset 64,000 tonnes of carbon emissions annually, making it the largest corporate VPPA in the area. This agreement follows Invenergy’s 200 MW power purchase deal with a Honda group company in North America for the Samson Solar Energy Center, which…

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Utah completes its first floating solar project

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Utah has launched its first floating solar project, a 587.5 kW system installed on a holding pond at the Signal Hill facility, in collaboration with the Mountain Regional Water Special Service District. The project, supported by a $400,000 grant from Rocky Mountain Power’s Blue Sky Award program, is expected to generate 871,086 kWh of clean energy annually and reduce carbon emissions by 609 metric tonnes. Developed by Ameresco in partnership with D3Energy, construction was completed…

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B.Grimm, EGAT, PEA sign PPA to develop 323 MW of solar projects in Thailand

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B.Grimm Power has signed 25-year power purchase agreements (PPAs) with the Electricity Generating Authority of Thailand (EGAT) and the Provincial Electricity Authority (PEA) for a total of 323.3 MW across eight solar projects in Thailand. The agreements, involving B.Grimm’s subsidiaries and joint ventures, have commercial operation dates scheduled between 2026 and 2030. These projects support the company’s GreenLeap-Global and Green Strategy, aligning with Thailand’s goal to achieve net-zero emissions by 2065.

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UK closes its last coal-fired power station, marking the end of a 142-year era

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The UK shut down its last coal-fired power station, Ratcliffe-on-Soar in Nottinghamshire, on September 30, 2024, marking a historic shift towards renewable energy. The Uniper-owned plant, which was “desynced” from the grid system shortly after 3 pm, ends the country’s 142-year reliance on coal for electricity production. Since 1882, when the UK became the first nation to use coal for public power generation, coal has played a pivotal role in its energy supply. However, coal’s…

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Hygenco invites bids for 1.1 GW RE to power green ammonia project

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Hygenco Green Energies Pvt Ltd has announced bids for over 1.1 GW (1125 MW) of renewable energy to support its upcoming Green Ammonia Project, marking the largest renewable power procurement tender for a green ammonia initiative in India. The company plans to source 625 MW from solar PV projects and 500 MW from wind power. This tender is designed to minimize risk for developers and ensure a transparent process, aiming to attract wide participation from…

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Government launches PM E-DRIVE Scheme with Rs 109 billion

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The government has launched the PM E-DRIVE Scheme, allocating Rs 109 billion to accelerate the adoption of electric vehicles (EVs), develop charging infrastructure, and boost India’s EV manufacturing ecosystem. The scheme will run from October 1, 2024, to March 31, 2026, subsuming the ongoing EMPS-2024 scheme. The scheme offers subsidies for electric two-wheelers (e-2Ws) based on battery power, providing Rs 5,000 per kilowatt hour in the first year, capped at Rs 10,000. In the second…

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Vivriti Capital borrows USD 25 million from ADB for climate finance

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Non-bank lender Vivriti Capital has secured USD 25 million from the Asian Development Bank (ADB) to support climate finance initiatives.  The senior secured debt facility has a four-year tenor and represents the first certified climate bond issuance by a private-sector non-banking financial company (NBFC) in India, according to an official statement.

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NCRTC partners with PTC India to procure green energy for RRTS corridor

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The National Capital Region Transport Corporation (NCRTC) has signed an agreement with Power Trading Corporation (PTC India) to source power, including green energy, through power exchanges for its Regional Rapid Transit System (RRTS) corridor. This partnership aims to meet part of NCRTC’s power needs at its receiving substations in Ghaziabad, Modipuram, Shatabdi Nagar, Muradnagar in Uttar Pradesh, and Sarai Kale Khan (SKK) in Delhi, helping to reduce overall power costs. PTC India will assist NCRTC…

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PGCIL, RVPNL sign shareholder agreement for intra-state transmission

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Power Grid Corporation of India Ltd (PGCIL) has entered into a shareholder agreement with state transmission utility Rajasthan Rajya Vidyut Prasaran Ltd (RVPNL) to establish a joint venture (JV) company. As per a stock exchange filing, PGCIL will hold a 74% equity stake in the JV, while RVPNL will own the remaining 26%. The proposed JV aims to execute projects valued at up to Rs 10 billion in a phased manner, focusing on the development…

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Powergrid Ananthpur Kurnool gets licence for RTM project

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The Central Electricity Regulatory Commission (CERC) has awarded a transmission licence to Powergrid Ananthpuram Kurnool Transmission Ltd (PAKTL) for an interstate transmission system (ISTS) project, to be executed under the regulatory tariff mechanism (RTM) mode. The project, estimated to cost Rs 456.4 million, is set for completion by March 31, 2026, and involves the establishment of three 400kV line bays at the upcoming Ananthpuram Pooling Station in Andhra Pradesh. Two of the line bays will…