Power Sector News Roundup for December 4, 2024

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Global: US imposes preliminary antidumping tariffs on Southeast Asian solar imports. JDR Cable Systems to install subsea cables for the largest US offshore wind farm. TotalEnergies and AEW secure a 300-MW solar project in Saudi Arabia. Quaise Energy partners with Nevada Gold Mines to retrofit a power plant with geothermal energy. Equinix signs a second renewable energy PPA with Sembcorp Power. PGE signs a PPA with Avangrid for a 120 MW solar project. Axpo Nordic…

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Skipper Limited: Powering Global Infrastructure Growth

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Skipper Limited is ranked among the top 10 global manufacturers in transmission and distribution (T&D) structures. Skipper offers a comprehensive range of engineering and infrastructure solutions.  In the engineering segment, the company manufactures power transmission towers, telecom towers, railway electrification infrastructure, monopoles, MS and high-tensile angles, fasteners, and tower accessories, supporting voltages from 11 kV to 1,200 kV with a capacity of 300,000 MTPA as of H1FY25. This segment generated Rs 16,742.55 million in revenue…

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EQT and GIC acquire majority stake in UK company Calisen

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EQT Active Core Infrastructure Fund and GIC have announced an agreement to acquire a majority stake in Calisen Group, a UK-based smart metering company, from Global Infrastructure Partners, BlackRock, Goldman Sachs Alternatives, and Mubadala Investment Company.  Equitix will retain a minority stake. The transaction is subject to regulatory approvals. Headquartered in Manchester, Calisen owns, installs, reads, and maintains smart meters, with an installed base of 16 million units. The company aims to expand its smart…

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CrossBoundary Energy secures $140m from Standard Bank

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CrossBoundary Energy has secured a $140 million senior debt commitment from Standard Bank of South Africa to scale its renewable energy portfolio across Africa.  The financing marks the first tranche of a broader $300 million debt mandate with Standard Bank. CrossBoundary Energy’s current portfolio spans 18 African countries, including 330 MW of solar and wind assets and 178 MWh of battery energy storage, valued at $570 million. Jeanne-Marie Fatti of Standard Bank emphasized the growing…

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Panasonic opens RE100 renewable-powered manufacturing plant in Wales

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Panasonic Manufacturing UK has launched its RE100 facility in Cardiff, Wales, powered entirely by renewable energy sources including hydrogen fuel cells, solar photovoltaic (PV) power, and battery storage.  The facility features 21 hydrogen fuel cells with 95% efficiency, 372 kW of solar capacity, and 1 MWh of battery storage, all managed via Panasonic’s energy management system (EMS). The EMS balances electricity demand and supply, storing energy during non-operational periods to enhance energy efficiency and resilience….

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Axpo Nordic signs 10-year electricity contract with Hydro Energi

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Axpo Nordic has entered a ten-year agreement with Norway-based Hydro Energi to supply 2.63 TWh of electricity between 2026 and 2035.  The electricity will be delivered in the Swedish price area SE2, strengthening Hydro’s renewable energy portfolio. Mats Larsson, senior originator at Axpo Nordic, emphasized the companies’ 15-year partnership and Axpo’s expertise in delivering tailored energy solutions. Hydro will integrate this contract into its Nordic power portfolio, which includes 9.4 TWh of annual captive power…

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PGE signs PPA with Avangrid for 120 MW solar project

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Portland General Electric (PGE) has entered a power purchase agreement (PPA) with Avangrid, a member of the Iberdrola Group, to procure power from the 120 MWac (166 MWdc) Tower Solar project in Morrow County, Oregon.  Scheduled for completion in 2026, Tower Solar will be Avangrid’s sixth solar facility and 17th power generation project in Oregon, where the company operates 1.6 GW of wind and solar capacity. The project will supply renewable energy to PGE’s grid…

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Equinix signs second renewable energy PPA with Sembcorp Power

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Equinix has entered its second power purchase agreement with Sembcorp Power to source renewable energy.  The project, with a maximum capacity of 58.5 MWp, will be developed on JTC properties on Jurong Island.  This includes 60 hectares of vacant land and rooftops of five JTC buildings, such as the Jurong Rock Caverns above-ground facilities and the Jurong Island Checkpoint.  The project is expected to begin operations in 2029.

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US imposes preliminary antidumping tariffs on Southeast Asian solar imports

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The US Department of Commerce has announced preliminary antidumping tariffs ranging from 21.31% to 271.28% on crystalline solar cells imported from Cambodia, Malaysia, Thailand, and Vietnam.   China’s JinkoSolar will face tariffs of 21.31% on products from Malaysia and 56.51% from Vietnam. Trina Solar products will incur 77.85% tariffs from Thailand and 54.46% from Vietnam.  These measures are part of antidumping and countervailing duty investigations initiated by the American Alliance for Solar Manufacturing Trade Committee. Final…

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Quaise Energy partners with Nevada Gold Mines to retrofit power plant with geothermal energy

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Quaise Energy has partnered with Nevada Gold Mines (NGM) to explore deep geothermal energy for decarbonizing NGM’s TS power plant.  This collaboration aims to hybridize on-site power generation by utilizing geothermal heat from NGM’s land and subsurface resources, reducing reliance on fossil fuels and greenhouse gas emissions in the mining sector. This marks the first commercial pilot to retrofit a fossil-fuel-based power plant for geothermal energy.  Quaise Energy’s millimetre wave drilling technology will access high-grade…