Power Sector News Roundup for November 27, 2024

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Global Synera Renewable to develop an 840 MW offshore wind farm in South Korea. TotalEnergies and Air Liquide to produce renewable hydrogen at La Mède refinery. NSW approves $647 million Mt Piper battery project to boost energy storage. TOYO secures a $150 million solar cells contract to bolster renewable energy growth. India Solarworld Energy raises Rs 1.1 billion in pre-IPO placement round. NTPC Green signs MoU for 2000 MW renewable energy projects in Chhattisgarh. Adani…

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NSW approves Mt Piper battery project

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The New South Wales (NSW) government has approved the A$1bn ($647m) Mt Piper Battery Energy Storage System (BESS) project by EnergyAustralia.  With a capacity of 500MW/2,000MWh, the facility will store surplus grid energy during low-demand periods and release it when demand is high.  EnergyAustralia will invest up to A$2m ($1.2m) in Lithgow City through a voluntary planning agreement. The project is expected to create 177 jobs during its construction and use existing electricity infrastructure near…

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TOYO secures $150m solar cells contract to bolster renewable energy growth

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TOYO has signed a $150m solar cells supply contract with a leading solar module manufacturer to support production expansion in India and the United States. The company will utilize its manufacturing facilities in Vietnam and Ethiopia to produce advanced solar cells designed to enhance module efficiency and performance. This partnership strengthens TOYO’s market position and aligns with its commitment to promoting sustainable energy. Chairman and CEO Junsei Ryu called the deal a significant milestone, emphasizing…

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TotalEnergies and Air Liquide to produce renewable hydrogen at La Mède refinery

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TotalEnergies has partnered with Air Liquide to develop a renewable hydrogen production unit at its La Mède biorefinery in southeast France.  The renewable hydrogen will support biodiesel and sustainable aviation fuel (SAF) production. The project involves an investment of €150 million, with production expected to commence in 2028.  It aligns with TotalEnergies’ broader decarbonization strategy, including the Masshylia green hydrogen project with ENGIE, where a 20 MW electrolyser is planned for 2029, subject to regulatory…

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Synera Renewable to develop offshore wind farm in South Korea

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Synera Renewable Energy Group (SRE Group) has partnered with Moondo Wind Energy (MWE) to develop an 840 MW offshore wind farm near Geomundo Island, Yeosu City, in South Korea’s Jeollanam-do Province.  The project, named Moondo Offshore Wind Energy (MOWE), marks SRE Group’s entry into the South Korean market and its second international venture after Northern Kyushu, Japan. The joint venture has secured an Electricity Business License (EBL) for the bottom-fixed offshore wind farm, emphasizing SRE…

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Orient Solar plans capacity expansion to 2 GW by mid-2025

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Orient Solar has announced plans to increase its production capacity from 800 MW to 2 GW by mid-2025.  This expansion involves an investment of Rs 1.30 billion, covering capital expenditure, land, and building costs.  The enhanced capacity will primarily support utility-scale solar projects (65%), with the remaining 35% allocated to commercial and industrial rooftop solar projects, as well as solar street lights and pumps.

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Insolation Green Energy inks Rs 100 billion MoU with Rajasthan government

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Insolation Green Energy Private Limited, a subsidiary of Insolation Energy Limited, has signed a memorandum of understanding (MoU) with the Rajasthan government during the Rising Rajasthan Global Investment Summit 2024. The agreement involves an investment of Rs 100 billion for solar power generation projects, manufacturing facilities for solar components, engineering, procurement, and construction (EPC) projects, and the development of solar parks in Rajasthan.

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APM Terminals Pipavav signs renewable energy deal with CleanMax

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APM Terminals Pipavav has entered a 25-year power purchase agreement (PPA) with Brookfield-backed CleanMax to source renewable energy from a hybrid wind-solar project in Gujarat. The hybrid project includes 3.50 MW of wind and 1.06 MWp of solar capacity under a third-party open-access model, developed in two phases. Phase one, launched in January 2022, delivered 2 MW of wind and 0.50 MWp of solar capacity. Phase two, commissioned in September 2024, added 1.50 MW of…

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Premier Energies subsidiaries secure Rs 10.87 billion solar contracts

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Premier Energies Global Environment Private Limited, Premier Energies International Private Limited, and Premier Energies Photovoltaic Private Limited, subsidiaries of Premier Energies Limited, have secured contracts worth Rs 10.87 billion for the supply of solar modules and cells in India as of November 25, 2024. The contracts include Rs 9.64 billion for solar modules and Rs 1.23 billion for solar cells.  Deliveries are expected to commence in January 2025.