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CVC DIF sells 169 MW Uruguayan wind farm portfolio to Pluspetrol

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CVC DIF has sold its 169 MW portfolio of Uruguayan wind farm projects, comprising the Cerro Grande and Peralta wind farms, to Pluspetrol for an undisclosed amount.  The transaction, executed by DIF Infrastructure V and DIF Infrastructure VI, marks Pluspetrol’s entry into the renewable energy sector. The portfolio, featuring 72 Enercon E-92 turbines, is the second-largest private renewable asset portfolio in Uruguay.  The wind farms, located in the Tacuarembó and Cerro Largo departments, provide sustainable…

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Nuclear industry “a model for the rest of economy”, UK energy secretary says

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At the Nuclear Industry Association’s annual conference, Nuclear 2024, UK Secretary of State for Energy and Climate Change, Ed Miliband, praised the nuclear industry for offering “well-paid, highly skilled, unionised jobs” that benefit local communities.  He pointed to Hinkley Point C’s impact in Somerset, where its construction has contributed to a 25% increase in the number of young people in the region since 2011.  Miliband emphasized that the nuclear sector serves as a model for…

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Corio Generation plans staff reductions amid wind sector challenges

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Corio Generation, a London-based offshore wind developer backed by Macquarie Group, is planning staff reductions due to rising costs and pressures within the renewable energy sector.  Since its founding in 2022, Corio has expanded with major projects in the UK, South Korea, and the US. However, increasing equipment and debt costs have led to project cancellations and workforce cuts across the offshore wind industry. Corio’s staff reductions will affect under 10% of its 270-person workforce,…

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UK seeks new investors for Sizewell C nuclear project

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The UK government is exploring new investor interest for the Sizewell C nuclear plant, as negotiations continue to secure funding for the project.  These discussions come at a crucial time, with the UK aiming to modernise its power infrastructure by 2030.  However, the project’s funding timeline has been delayed, with a final investment decision now expected no earlier than spring 2025, pushing back the initial target of a 2024 decision. Securing investors for Sizewell C…

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MoEFCC discusses expansion of major thermal power projects

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The Ministry of Environment, Forest, and Climate Change (MoEFCC) recently reviewed and deliberated on the expansion of several major thermal power projects: Raigarh Thermal Power Plant ExpansionAdani Power Limited proposed expanding the Raigarh Thermal Power Plant in Chhattisgarh by adding 1,600 MW (2×800 MW) Ultra Supercritical units to the existing 600 MW plant.  The project, spanning several villages in Raigarh district, entails a capital cost of Rs 136 billion, with Rs 21.1 billion allocated for…

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Assam and Bihar lead in smart meter installations under RDSS

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Assam and Bihar are leading states in smart meter installations under the Revamped Distribution Sector Scheme (RDSS), with a total of 7.54 million smart meters installed across India.  This includes 7.30 million consumer meters, 0.18 million distribution transformer (DT) meters and 0.06 million feeder meters.  The total number of smart meters sanctioned under RDSS stands at approximately 2.03 billion, indicating that only 3.7% of the meters have been installed so far. Assam has installed 2.29…

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Greenko appoints AFRY for design engineering services on pumped hydro project

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Greenko Group, a leading renewable energy company in India, has appointed AFRY to provide detailed design engineering services for Rajasthan’s 1.8GW Shahpur pumped hydro energy storage project. The Shahpur pumped storage project is integral to Greenko’s strategy to drive the energy transition through large-scale, integrated renewable projects with advanced energy storage solutions.  AFRY will provide detailed design, construction supervision, and on-site engineering support for the project.  The company’s managing director, Sai Seela, noted the project’s…