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Avangrid and Invenergy secure Gulf of Maine offshore wind leases

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Avangrid Renewables and Invenergy NE Offshore Wind have won two lease areas each in the Gulf of Maine through a US government-led offshore wind lease sale conducted by the Bureau of Ocean Energy Management (BOEM).  This sale marks the sixth offshore wind lease under the Biden-Harris administration and the first for commercial floating offshore wind on the Atlantic coast. Avangrid acquired leases OCS-564 (98,565 acres) for $4.9 million and OCS-568 (124,897 acres) for $6.2 million….

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ICG and ST International acquire stake in South Korea’s Revent Energy

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UK-based asset manager Intermediate Capital Group (ICG) has partnered with South Korean energy firm ST International (STI) to acquire a 50% stake in Revent Energy, with STI retaining the other half.  This collaboration aims to strengthen Revent Energy’s onshore wind development strategy in South Korea, targeting 500 MW of installed capacity by 2029 through project acquisition, construction, ownership, and operation. Revent Energy currently holds stakes in two wind farms, Yeongyang Wind Power and Youngduk Wind…

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Swedish court approves Hydro Energi’s PPA settlement with Markbygden

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Norwegian renewable company Hydro Energi has settled its long-term power purchase agreement (PPA) with Swedish wind farm operator Markbygden Ett.  Originally signed in 2017, the PPA was intended to supply 1.65 TWh annually from 2021 to 2039, backing the financing of Markbygden’s onshore wind park in northern Sweden, which had a projected output of 2.2 TWh per year. However, due to financial difficulties, Markbygden Ett halted power deliveries to Hydro Energi on February 6, 2023,…

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Mirion wins contracts for UK’s Sizewell C nuclear project

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Mirion Technologies has been awarded two contracts to provide advanced radiation safety solutions for the UK’s Sizewell C nuclear power station, a 3.2 GW project designed to supply electricity to six million homes.  The first contract, granted in October 2024, involves the provision of electrical penetration systems (EPS) for the reactor, ensuring secure cable passage through containment walls while maintaining reliable electrical circuits and reactor safety. Sizewell C, based on EDF’s European pressurised reactor (EPR)…

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NHDC commissions 88 MW Solar Power Plant in Madhya Pradesh

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NHDC, a subsidiary of NHPC, has commissioned the full 88 MW capacity of the Omkareshwar Floating Solar Power Plant (FSPV) located in the reservoir of the Omkareshwar project in Madhya Pradesh.  This project, which went live on October 29, 2024, is expected to generate an annual capacity of 204.58 million units (MUs). The total project cost is Rs 5.89 billion. NHPC, India’s largest hydroelectric power developer, is also active in solar and wind energy through…

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Genus Power reports Rs 317.76 billion order book as of Q2FY25

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Genus Power Infrastructures Ltd announced an outstanding order book of Rs 317.76 billion (net of taxes) as of September 30, 2024, including orders from the GIC platform and all company SPVs. This robust order book comprises long-term smart metering concessions of 8-10 years. Commenting on the company’s Q2FY25 performance, Joint Managing Director Jitendra Kumar Agarwal highlighted the strategic advantage provided by this strong order book. Execution is expected to ramp up in Q3FY25, with increasing…

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L&T secures major orders in Middle East and Africa

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The Power Transmission & Distribution (PT&D) division of Larsen & Toubro (L&T) has won significant new orders to expand and strengthen high-voltage electricity grids across the Middle East and Africa. These orders include implementing an Energy Management System to enhance national electricity networks. One notable contract involves a consortium-led project with a leading equipment manufacturer to build Kenya’s National System Control Centre.  This transmission hub will play a key role in managing power flow, integrating…

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Amit Shah inaugurates Gujarat’s largest waste-to-energy plant in Ahmedabad

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Union Home Minister Amit Shah inaugurated Gujarat’s largest waste-to-energy plant in Ahmedabad on the eve of the Gujarati New Year.  The PPP-based plant, developed at Piplaj in partnership with Jindal Urban Waste Management Limited, will process 1,000 metric tons of waste daily, generating 15 megawatts of electricity per hour. Built at a cost of approximately Rs 3.75 billion, the plant uses RDF-based Martin Reverse Grate Firing Technology, where municipal solid waste is incinerated to produce…

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Andhra Pradesh govt to set up renewable energy zones

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The Andhra Pradesh government has announced plans to set up Renewable Energy Zones (REZs) and a dedicated university for green energy and circular economy as part of its Integrated Clean Energy Policy (ICEP). These initiatives aim to attract large-scale investments and foster clean energy production within the state. The state will provide Viability Gap Funding (VGF) to support ultra-modern green energy power plants and has set a 20% capital subsidy (up to Rs 50 million…

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Adani Power cuts power supply to Bangladesh over unpaid dues

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Adani Power Jharkhand Limited (APJL), a subsidiary of Adani Power, has halved its power supply to Bangladesh, citing outstanding dues of $846 million, according to local media.  Data from Power Grid Bangladesh PLC shows that supply from the 1,496 MW plant has been reduced to 700 MW from a single unit, exacerbating Bangladesh’s energy shortfall, which exceeded 1,600 MW overnight. On October 27, Adani warned the Bangladesh Power Development Board (PDB) of potential supply cuts…