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Octopus Energy and Skyborn prequalified for French offshore wind tender

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Octopus Energy Generation, in partnership with Skyborn Renewables, has been selected by the French government to participate in the ninth offshore wind tender. The winners are expected to be announced in late 2025. Skyborn Renewables brings over 20 years of offshore wind development experience, including the recent commissioning of the 500 MW Fécamp wind farm in partnership with EDF Renewables, Enbridge Inc., and Canada Pension Plan Investment Board (CPP Investments). Skyborn also has another offshore…

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TVA signs 10-year PPA for 14 GWh carbon-free energy with Smoky Hydro

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The Tennessee Valley Authority (TVA), along with Argo Infrastructure Partners and Brookfield Asset Management, has finalized a 10-year power purchase agreement (PPA) for carbon-free energy from the Smoky Mountain Hydroelectric facilities. The agreement covers four hydroelectric dams—Cheoah, Calderwood, Chilhowee, and Santeetlah—jointly owned by Argo and Brookfield. Starting in 2025, Smoky will deliver over 14 gigawatt-hours of renewable energy annually to TVA customers, supporting TVA’s commitment to net-zero emissions by 2050. The 377-megawatt portfolio generates an…

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Ofgem proposes £5-8 billion fund to accelerate UK energy transmission projects

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Ofgem has launched a consultation on a proposed Advanced Procurement Mechanism (APM) that aims to invest between £5 billion and £8 billion to help Britain’s energy transmission owners reduce delays, control costs, and attract global investment in the transition to net zero. The consultation runs until December 18, 2024. The APM will allow transmission owners to procure essential equipment such as switchgear, cables, and steel years in advance, often before project finalization. This approach aims…

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Bekevar Wind Farm opens, providing 200 MW of RE in Saskatchewan

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Innagreen and Cowessess First Nation have inaugurated the Bekevar Wind Farm, a 200MW renewable energy project in Saskatchewan. Supplying enough zero-emission power to meet the needs of 100,000 homes annually, the project highlights the collaboration between commercial energy companies and Indigenous communities in Canada’s clean energy transition. Bekevar, located across Hazlewood, Kingsley, and Cowessess First Nation reserve lands, is jointly owned by Innagreen (83%) and Cowessess First Nation (17%). Featuring 36 Nordex N155/5.X turbines, the…

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Adani Energy acquires Pune-III Transmission for Khavda project

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Adani Energy Solutions Limited (AESL) acquired Pune-III Transmission Limited, a special purpose vehicle (SPV) for development of the Transmission System for Evacuation of Power from potential renewable energy zone in Khavda area of Gujarat under Phase-IV (7GW): Part D on November 19, 2024. PFC Consulting Limited (PFCCL) served as the bid process coordinator (BPC) for selection of transmission service provider (TSP) for establishment of the project through tariff based competitive bidding (TBCB) mode process on…

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PFCCL incorporates Bhuj ICT Transmission for Rs 5.87 billion grid project

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PFC Consulting Limited (PFCCL), a subsidiary of Power Finance Corporation Limited (PFC), has incorporated Bhuj ICT Transmission Limited as a Special Purpose Vehicle (SPV) to develop the Rs 5.87 billion “Provision of ICT Augmentation & Bus Reactor at Bhuj-II PS” transmission project. This initiative, under the Tariff-Based Competitive Bidding (TBCB) process, is expected to be implemented within 21 months from the transfer of the SPV. The project involves upgrades to the Bhuj-II Power Station (GIS),…

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REC incorporates two subsidiaries for transmission projects in Madhya Pradesh and Andhra Pradesh

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REC Power Development and Consultancy Limited (RECPDCL), a wholly owned subsidiary of REC Limited, has announced the incorporation of two new wholly owned subsidiaries: Mahan Transmission Limited and Kurnool-IV Transmission Limited. Mahan Transmission Limited will oversee the Transmission System for Evacuation of 1230 MW Power (MPPTCL portion) from the 2×800 MW thermal power project of Mahan Energen Ltd. Kurnool-IV Transmission Limited will manage the Transmission System for Integration of Kurnool-IV Renewable Energy Zone (Phase-I, 4.5…

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SEC to build publicly owned renewable energy park in Horsham, Australia

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The State Electricity Commission (SEC) has announced plans to construct the SEC Renewable Energy Park – Horsham, one of Australia’s first 100 per cent publicly owned utility-scale renewable energy projects. The solar and storage facility aims to supply affordable and reliable renewable energy to power approximately 51,000 homes annually, supporting the transition to a clean energy grid. The project, built in partnership with OX2, will be developed in two phases. Phase one involves installing over…

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China tightens solar PV investment guidelines to address overcapacity

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China’s Ministry of Industry and Information Technology has finalized new investment guidelines for solar photovoltaic (PV) manufacturing projects to address persistent overcapacity and stabilize the industry. The guidelines, announced on November 20, 2024, increase the minimum capital ratio for solar PV projects to 30%, up from 20% for certain projects. This threshold, previously reserved for polysilicon manufacturing, aims to ensure financial discipline within the sector. While the guidelines are not mandatory for project approvals, they…

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Amazon invests in Greece’s largest wind energy project with three wind farms

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Amazon has announced its entry into utility-scale wind energy in Greece with a €496 million investment in three wind farms, marking its largest renewable energy initiative. The investment involves four power purchase agreements (PPAs) covering the Vermio North and Vermio South wind farms in Macedonia and the Mesokorfi and Koukouras wind farms in the Peloponnese region. Construction is underway, with power generation expected to begin by 2026. Together, the wind farms will produce enough carbon-free…