India’s short-term power trading market grows 12% in FY24

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Power trading in India’s short-term market rose by 12% in FY24, reaching 218.22 billion units (BU) from 194.35 BU in FY23, as reported by the Central Electricity Regulatory Commission (CERC). Short-term transactions, including deviation settlement mechanism (DSM) volumes, consist of contracts under one year, executed bilaterally or through power exchanges, representing 12.5% of the country’s total electricity generation. The remaining 87.5% was sourced through long-term contracts and intra-state transactions by distribution companies. The CERC report…

Power Sector News Roundup for November 7, 2024

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Global: Trump as US president will deepen climate crisis: Policy experts Masdar, Sarawak Energy, and Gentari explore floating solar plant in Malaysia GE Vernova launches HVDC Competence Center in Berlin Global shift towards sustainable energy drives $3.1 trillion investment surge EWEC receives three bids for 1,500 MW Khazna Solar PV project in Abu Dhabi Cubico unveils Scout Moor II: 100 MW wind project to power 100,000 UK homes Singapore’s Punggol Digital District to feature first…

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Cadeler secures turbine installation contract for UK’s EA 2 wind farm

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Cadeler has signed firm contracts for transporting and installing 64 offshore wind turbines, each with a capacity of 15 MW, along with their foundations for the East Anglia 2 (EA2) wind farm, a 960 MW project in the UK.  The contract value for Cadeler ranges between €360 million ($387 million) and €382 million. ScottishPower Renewables is developing the EA2 project off the coast of East Anglia, with offshore operations slated for 2027. Cadeler will deploy…

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E2E Energy and Novus Earth to develop geothermal project in Canada

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E2E Energy Solutions has partnered with Novus Earth to develop Latitude 53 Hinton, a geothermal energy project near Hinton, Alberta, set to begin construction in early 2025.  This two-phase initiative will utilize geothermal energy to support sustainable agriculture and produce clean electricity, bolstering Alberta’s renewable energy landscape. The first phase focuses on supplying geothermal heat for year-round strawberry cultivation in a 20-acre greenhouse, offering up to 50 gigajoules of heat per hour through E2E’s technology. …

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SSE acquires developmental rights for 120MW BESS in Ireland’s Midlands

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SSE Renewables has acquired development rights from Low Carbon’s Grid Systems Services for a 120MW/240MWh grid-scale battery energy storage system (BESS) project in County Offaly, Ireland.  The Thornsberry BESS project near Tullamore has received planning consent and grid connection approval, enabling 120MW import/export capacity to the national grid. Once operational, the system could supply backup power for 115,000 homes for up to two hours. Subject to a final investment decision, the project may be completed…

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Oracle Power completes grid study for 1.3GW hybrid power plant in Pakistan

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Oracle Power and joint venture Oracle Energy have completed a crucial transmission and grid interconnection study for their 1.3GW hybrid renewable power plant in Jhimpir, Sindh province, Pakistan.  Conducted by Power Planners International (PPI) and funded by State Grid China, the study assessed the technical feasibility of connecting the plant to the 220kV Jhimpir-II grid station. This hybrid plant will integrate 800MW of solar and 500MW of wind power, supported by a 260MW battery energy…

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BlueFloat gains major project status for 2.1GW offshore wind in Australia

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Spain-based BlueFloat Energy has achieved major project status from the Australian government for its 2.1GW Gippsland Dawn offshore wind project, located off Victoria’s coast.  This status provides access to support from the Major Projects Facilitation Agency, marking a significant milestone for one of Australia’s largest offshore wind initiatives. Scheduled to begin construction in 2029 with a $10 billion investment, Gippsland Dawn aims to be operational by 2031, with up to 140 turbines positioned 10 to…

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Eku Energy achieves financial close for Williamsdale BESS in Australia

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Eku Energy has reached a financial close on its 250MW/500MWh Williamsdale Battery Energy Storage System (BESS) project in Canberra, ACT, marking a significant advancement in the ACT government’s Big Canberra Battery initiative.  Powered by Tesla Energy’s megapacks, the system will help store renewable energy to meet one-third of Canberra’s electricity needs during peak demand. The Williamsdale BESS will connect to Evoenergy’s distribution network, bolstering Canberra’s energy security and supporting the region’s net zero emissions target…

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Philippines DOE approves expanded capacity for Tanay Wind Project

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The Philippines Department of Energy (DOE) has approved an increase in the registered capacity for the Tanay Wind Power Project, raising it to 128 MW from its initial 112 MW.  This expansion allows Alternergy Tanay Wind Corporation, a subsidiary of Alternergy Holdings Corporation, to install 16 wind turbines of 8 MW each, representing the largest onshore wind turbines in the country. The project, with financing of approximately PHP8 billion, is Alternergy’s second wind facility in…

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Singapore’s Punggol Digital District to feature first district-level smart grid

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JTC Corporation has appointed Univers and PacificLight Power to develop Singapore’s first district-level smart grid in the Punggol Digital District.  The project aims to enhance energy efficiency and integrate renewable energy sources by installing a smart grid powered by a battery energy storage system and solar panels.  Once operational, the system is expected to generate over 3,000 MWh of clean energy annually.  Scheduled for completion in 2026, the grid will optimize energy management across the…