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FTC Solar to supply solar trackers for 1 GW Dunlieh Energy projects

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FTC Solar has signed a supply agreement with US-based Dunlieh Energy to provide solar tracker systems for over 1 GW of solar projects. The collaboration’s first project, the 500 MW Situla energy project in Banner County, Nebraska, will feature solar and battery storage and is expected to create over 225 local construction jobs, generating more than $1.4 million annually in nameplate capacity taxes. Tracker deliveries for the Situla project are set to begin in the…

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ACCIONA Energía acquires 300 MW of wind capacity in Texas

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ACCIONA Energía has acquired two wind farms in Texas, Green Pastures I and Green Pastures II, each with a capacity of 150 MW.  Located in Baylor and Knox Counties, these fully operational projects were acquired from private asset management firms for $202.5 million, boosting ACCIONA’s total installed capacity in the US. The two wind farms are integrated into the Electric Reliability Council of Texas (ERCOT) grid, which handles 90% of Texas’s electricity. Together, they will…

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Canada proposes 35% emissions cap on oil and gas sector by 2030

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The Canadian government has introduced draft regulations to cap oil and gas sector emissions 35% below 2019 levels by 2030, sparking backlash from industry leaders who argue it could lead to reduced production.  Environment Minister Steven Guilbeault emphasized the cap targets pollution, urging companies to use their record profits from 2022, which totalled C$66.6 billion, for decarbonization. The regulations propose a cap-and-trade system rewarding low-emission producers and imposing penalties on those failing to comply, with…

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UAE’s Nakheel and DEWA partner on 132 kV substation in Palm Jebel Ali

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Nakheel, a subsidiary of Dubai Holding Real Estate, has partnered with the Dubai Electricity and Water Authority (DEWA) to develop two substations on Palm Jebel Ali, with an investment of AED 270 million.  DEWA will handle project management, including tendering, award, and construction.  These substations, each with a capacity of 132/11 kV, will provide a combined 400 MVA of electricity to meet the energy needs of Palm Jebel Ali, supporting areas like the fronds and…

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EDF Renewables signs 20-year energy storage PPA with APS for 250 MW Beehive BESS

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EDF Renewables has secured a 20-year Energy Storage Power Purchase Agreement (PPA) with Arizona Public Service (APS) for the Beehive Battery Energy Storage System (BESS) in Peoria, Arizona.  This 250 MW, four-hour duration stand-alone battery system, totalling 1,000 MWh, will start construction in 2025 and is set for commercial operation by 2026.  Beehive BESS, equipped with lithium-ion batteries, inverters, transformers, and a substation, will store renewable energy to meet peak demand, supporting APS’s capacity needs. …

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Emeren and Arpinge partner on 300MW battery storage portfolio in Italy

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US-based Emeren Group has entered a co-development agreement with Arpinge to establish a 300MW battery energy storage system (BESS) portfolio in southern Italy, bolstering Emeren’s presence in the Italian BESS market where it already has 1.37GW in its permitting pipeline.  This partnership with Arpinge, a permanent capital vehicle backed by Italian pension funds, aligns with Italy’s energy transition goals, focusing on enhancing grid stability and integrating renewables.  Emeren Group CEO Yumin Liu highlighted the collaboration…

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Westbridge sells 75% stake in Alberta’s Sunnynook solar project to METLEN

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Westbridge Renewable Energy has completed the sale of its 75% stake in the Sunnynook solar and battery energy storage system (BESS) project to METLEN Energy & Metals.  Located in Alberta’s Special Area No. 2, the 332 MWdc Sunnynook solar project includes a 200 MWh BESS and is approved by the Alberta Utilities Commission, currently progressing in the Alberta Electrical System Operator’s connection process.  The C$41.4 million ($29.7 million) transaction involved 3% of the purchase price…

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Waaree Renewable posts robust Q2 growth with Rs 5,244.7 million revenue

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Waaree Renewable Technologies Limited (WRTL), the solar EPC arm of Waaree Group, reported Q2 FY25 revenue of Rs 5,244.7 million, a 249.50% increase from Rs 1,500.6 million in Q2 FY24. Profit after tax (PAT) stood at Rs 535.2 million, while its unexecuted order book remains at 1.7 GWp with a 9-12 month timeline. For H1 FY25, revenue reached Rs 7,608.2 million, up 172.70% year-on-year, with an EBITDA of Rs 1,126.5 million, marking a 155.56% increase….

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Gentari, Juniper Green, and others secure SJVN’s 1.2 GW hybrid power auction

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Gentari Renewables India Utilities 2, Juniper Green Energy, EG Energy Development (Enfinity Global), Sunsure Solarpark RJ One, and Adyant Enersol (Datta Infra) emerged as winners in SJVN’s Phase III auction for 1,200 MW of ISTS-connected wind-solar hybrid power projects in India.  Gentari, Juniper, EG Energy, and Adyant secured 400 MW, 300 MW, 300 MW, and 70 MW, respectively, at Rs 3.19 per kWh. Sunsure won 130 MW of its quoted 150 MW using the bucket-filling…

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ACME Solar launches Rs 30 billion IPO

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ACME Solar launched its initial public offering (IPO) today, November 6, 2024, valued at Rs 30 billion, with a price band of Rs 275 to Rs 289 per equity share. The IPO, open until Friday, November 8, 2024, requires a minimum bid of 51 shares, with additional bids in multiples of 51.  The offering includes a fresh issue of Rs 23.95 billion and a sale offer of Rs 5.05 billion by ACME Cleantech Solutions. An…