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Orlen Group secures EIB loan for Poland’s electricity distribution upgrade

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Orlen Group has received a 3.5 billion zlotys ($866.6 million) loan from the European Investment Bank (EIB) to fund a major program aimed at modernizing and strengthening Poland’s electricity distribution network.  The loan, to be disbursed in tranches over three years, will have a repayment period of up to 15 years. The initial tranche of financing is valued at 900 million zlotys. Energa Operator, Orlen’s distribution subsidiary, will lead the project, serving over 3.4 million…

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Six nations join pledge to triple nuclear power by 2050 at COP29

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During the World Climate Action Summit at COP29, six countries—El Salvador, Kazakhstan, Kenya, Kosovo, Nigeria, and Türkiye—endorsed the global commitment to triple nuclear energy capacity by 2050, bringing the total to 31 signatory nations.  Initiated by France with 20 countries at COP28, the pledge underscores nuclear energy’s critical role in limiting global warming to 1.5°C per the Paris Agreement. World Nuclear Association (WNA) Director-General Sama Bilbao y León celebrated the new signatories, emphasizing nuclear energy’s…

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Bureau Veritas acquires Versatec Energy to expand energy sector services

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Bureau Veritas has acquired Versatec Energy, a Netherlands-based technical advisory firm specializing in offshore and onshore energy. Financial terms of the acquisition remain undisclosed.  This acquisition enhances Bureau Veritas’ expertise in technical compliance and industrial risk management within the energy sector, aligning with its LEAP | 28 strategy focused on renewables and low-carbon assets. The integration of Versatec Energy’s experience strengthens Bureau Veritas’ service offerings in oil and gas, nuclear, renewables, and emerging technologies like…

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Oklo signs LOIs with data centres to supply 750MW of low-carbon power

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US-based Oklo, a developer of fast fission power plants, has secured letters of intent (LOIs) to provide up to 750 MW of low-carbon energy to two data centre providers.  Under these LOIs, Oklo will deploy its Aurora powerhouses, which offer scalable solutions of 15 MW and 50 MW units, for direct on-site or nearby power generation in select markets. Oklo’s deployment model aims to reduce reliance on traditional power grids, enhancing grid stability and potentially…

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Capital Dynamics secures £48.5m funding for Scottish onshore wind projects

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Capital Dynamics has obtained £48.5 million ($61.4 million) in funding for its first Scottish onshore wind projects, totaling 193 MW in capacity.  The funding, directed to Capital Dynamics’ Clean Energy UK Fund, was provided by Border to Coast Pensions Partnership, the UK’s largest Local Government Pension Scheme pool.  This investment marks Border to Coast’s initial venture in its UK Opportunities portfolio, focused on financing essential infrastructure to support the UK’s renewable energy goals. Capital Dynamics’…

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NSW approves A$4.8bn Humelink transmission project

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The Minns Labor Government in New South Wales (NSW), Australia, has approved the A$4.8 billion ($3.12 billion) Humelink transmission project, a 365 km infrastructure line designed to deliver renewable energy across southern NSW.  Pending final approval from the Commonwealth Government, construction is set to commence this year, with completion targeted by 2027. The Humelink project is expected to create 1,600 construction jobs and contribute A$6.3 billion in direct and indirect investment to the regional economy. …

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Ramboll completes K2 Management acquisition

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Global engineering firm Ramboll has finalized its acquisition of K2 Management, an engineering consultancy specializing in wind and solar energy.  With this acquisition, K2 Management is now integrated into Ramboll Group, significantly boosting Ramboll’s wind expertise, which has grown at an annual rate of 25% over the past three years. Ramboll’s Global Wind Division, led by Tim Fischer, anticipates full operational integration by the first half of 2025.  The combined wind division now includes over…

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CEA proposes new guidelines for type-testing periodicity of power equipment

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The Central Electricity Authority (CEA) has released new draft guidelines on the periodicity of type tests for major equipment across the power value chain.  A key proposal is to exempt transformers from repeating short-circuit tests solely due to changes in bushing or on-load tap changers (OLTC), provided these components have equal or superior ratings and have successfully passed type tests per IS/IEC standards. The guidelines, titled “Guidelines for the Periodicity of Type Tests for Major…

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Sterlite Power and Infravision partner to modernize India’s power transmission infrastructure

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Sterlite Power has teamed up with Infravision to modernize India’s power transmission infrastructure using advanced, technology-driven construction methods.  India’s plan to build 50,000 ckm of transmission lines by 2030 underscores the need for efficient, scalable solutions, and Sterlite Power aims to be a key player in this transformation. Through this partnership, Infravision will provide its innovative transmission construction technology to support 100% of Sterlite Power’s stringing needs across high-voltage projects, ranging from 400 kV to…

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Torrent Power reports reduced T&D losses in major licensed areas

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Torrent Power has reported a reduction in transmission and distribution (T&D) losses across most of its licensed and franchised distribution areas for the first half (April to September) of FY25.  In the Ahmedabad/Gandhinagar licensed area, T&D losses dropped from 6.30% in H1 FY24 to 4.50% in H1 FY25. Similarly, losses in the Dadra Nagar Haveli and Daman & Diu licensed area declined from 1.67% to 1.62%. Together, these two areas accounted for about 62% of…