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Hero Future to invest Rs 110 billion in Karnataka

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Hero Future Energies Private Limited (HFEPL) has signed a Memorandum of Understanding (MoU) with the Government of Karnataka to invest Rs 110 billion in renewable energy and green hydrogen projects.  The investment will be allocated for establishing renewable energy, green hydrogen, and its derivatives projects in Karnataka over the next two to three years.  The projects are set to commence in 2025-26 and are expected to create over 3,000 jobs. The Karnataka government will provide…

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Adani Green incorporates new subsidiaries

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Adani Green Energy Limited (AGEL), through its wholly-owned subsidiary Adani Saur Urja (KA) Limited, has incorporated three new subsidiaries to advance renewable energy projects in India. The newly established entities include Adani Hydro Energy One Limited (AHE1L), Adani Hydro Energy Two Limited (AHE2L), and Adani Hydro Energy Three Limited (AHE3L).  These subsidiaries will focus on generating, transforming, distributing, transmitting, and supplying power through renewable energy sources such as wind and solar. Additionally, AGEL recently announced the…

Power Sector News Roundup for December 2, 2024

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Global ABO Energy sells South African BESS projects to EDF Philippines launches $3.4 billion MTerra solar project Singapore commits SGD 100 million to green marine and offshore energy sectors 112 MW Ballinagree wind farm in Ireland secures planning approval India Adani Power denies Bangladesh plans to renegotiate power deal amid disputes Power Mech wins Rs 5.1 billion contract from Adani Power for Chhattisgarh project INOXAP begins specialty gas supply to ReNew’s solar PV cell plant…

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ABO Energy sells South African BESS projects to EDF

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ABO Energy has sold the rights to two battery energy storage systems (BESS) in South Africa to French utility Électricité de France (EDF) after advancing them to ready-to-build status.  EDF secured preferred bidder status for both projects on November 30, 2023, under South Africa’s first Battery Energy Storage Independent Power Producer Procurement Programme (BESIPPPP). The projects, located in the Northern Cape and North West provinces near Aggeneys and Vryburg, are stand-alone BESS installations with a…

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Philippines launches $3.4 billion MTerra solar project

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The Government of the Philippines has initiated the MTerra Solar Project in Nueva Ecija and Bulacan, with an investment of $3.4 billion.  The project aims to generate 4,500 MWh of energy, supplying electricity to approximately 2.4 million homes by 2027.  This initiative is a collaboration between Terra Solar Philippines, Meralco PowerGen Corporation (MGEN), and SP New Energy Corporation (SPNEC).  It is expected to reduce carbon emissions by over 4.3 million tonnes annually, equivalent to removing…

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Singapore commits SGD 100 million to green marine and offshore energy sectors

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The Government of Singapore has announced an SGD 100 million investment to promote green growth in the marine and offshore energy sectors over the next five years, aiming for net-zero emissions by 2050.  This initiative focuses on marine digitalization, offshore wind, and floating storage solutions, aligning with Singapore’s Green Plan 2050. In a related development, Singapore-based Hann-Ocean Energy completed a two-and-a-half-year sea trial of its third-generation Drakoo wave energy converter off Shengsi Island, Zhejiang Province,…

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112 MW Ballinagree wind farm in Ireland secures planning approval

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The Ballinagree wind farm, a 50:50 joint venture between FuturEnergy Ireland (a Coillte-ESB partnership) and Danish developer Ørsted, has received planning approval.  Located between Millstreet and Macroom in County Cork, the project will feature 16 wind turbines, each 185m tall, with a total capacity of 112MW. Once operational, the wind farm is expected to power 73,000 homes annually and offset 3.5 million tonnes of CO₂ emissions over its lifetime.  A community benefit fund of up…

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Adani Power denies Bangladesh plans to renegotiate power deal amid disputes

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According to a Reuters report, Adani Power stated that it has no indication the Bangladesh government plans to review its 25-year power purchase agreement (PPA) with the company.  This follows earlier claims that Bangladesh is seeking to renegotiate terms to lower electricity prices or cancel the deal through legal means. The PPA, signed in 2017, involves Adani Power supplying electricity from a $2 billion coal-fired plant in eastern India.  The agreement is under investigation by…

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Power Mech wins Rs 5.1 billion contract from Adani Power

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Power Mech Projects Limited won a contract from Adani Power Limited (APL) worth Rs 5,100 million for civil and mechanical construction works for the 1,600 MW Raipur (Raikheda) Ultra Super-Critical Thermal Expansion Project on November 29, 2024. The work is expected to be completed in 34 months. The plant is an Ultra Super-Critical expansion by adding 1,600 MW (2X800 MW) to existing 1,370 MW (2×685) Chhattisgarh (Raikheda) Coal Based Thermal Power Project at Raikheda village…

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INOXAP begins speciality gas supply to ReNew’s solar PV cell plant in Gujarat

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INOX Air Products (INOXAP) has commenced the supply of electronic and speciality gases to ReNew’s first solar photovoltaic (PV) cell manufacturing facility in Dholera, Gujarat.  Under a long-term agreement, INOXAP provides critical gases such as nitrous oxide, ammonia, and silane through a logistics system comprising ISO containers and tube trailers owned by INOXAP. The partnership includes a comprehensive gas management solution to ensure reliable distribution and onsite handling, adhering to strict quality and safety standards. …