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Powergrid commissions HVPNL interconnection project

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Power Grid Corporation of India Limited (PGCIL) has commissioned the “Augmentation of ISTS for Interconnection of HVPNL Transmission Schemes,” effective 6th October 2024, with the Notification for Commercial Operation (DOCO) received on 10th December 2024. The project connects the inter-state transmission system (ISTS) with HVPNL’s intra-state network, ensuring ‘N-1’ compliance at the 220 kV level. It includes ICT upgrades at the 400/220 kV Bahadurgarh and Jind substations. The Rs 11.7 billion project was approved by…

Power Sector News Roundup for December 11, 2024

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Global: Canada announces C$1 billion funding for clean energy projects. BP and JERA to form offshore wind joint venture. EU to prioritize geothermal energy to reduce reliance on Russian gas. Jacobs partners with Terra Solar for energy project in the Philippines. TNB and Sembcorp to export 50 MW renewable energy to Singapore. Arevon Energy starts up Eland 1 Solar plus Storage Project in California. Iberdrola secures license for 274 MW wind project in Portugal. Davidson…

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Technip Energies and GE Vernova secure Net Zero Teesside power project

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Technip Energies, GE Vernova, and Balfour Beatty have been awarded the engineering, procurement, and construction contract for the Net Zero Teesside Power (NZT Power) project, the world’s first gas-fired power plant with carbon capture and storage (CCS). The UK government’s £21.7 billion ($13.87 billion) funding for carbon capture initiatives enabled the project’s financial close. The plant aims to generate 742MW of low-carbon electricity, enough to power one million UK homes, while capturing up to 2…

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Intersect Power, Google, and TPG Rise Climate to build clean energy

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Intersect Power has partnered with Google and TPG Rise Climate to co-locate renewable energy infrastructure with data centres, aiming to meet the growing demand for clean power while reducing reliance on long-distance transmission. The initiative plans a $20 billion investment in renewable energy and storage by 2030, focusing on enhancing speed of deployment, grid reliability, and energy affordability.  Google will act as the primary offtaker for renewable energy generated at new data centre campuses located…

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Nextracker delivers first 100% US-manufactured solar trackers under IRA

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Solar tracker provider Nextracker has announced the delivery of its first US-manufactured solar trackers, achieving 100% domestic content value under the Inflation Reduction Act (IRA). This marks a key advancement in localizing the US solar supply chain. The trackers will be used in SB Energy’s 570MW Pelican’s Jaw solar project, which includes 954 megawatt-hours (MWh) of energy storage.  The project, under construction by SOLV Energy, highlights the benefits of local manufacturing in reducing supply chain…

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Recurrent Energy secures PPA for 300MW solar project in Spain

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Canadian Solar subsidiary Recurrent Energy has signed a ten-year power purchase agreement (PPA) with a US-based technology company for renewable energy from its Tordesillas solar photovoltaic (PV) project in Valladolid, Castilla y León, Spain. The 300MW project, expected to be operational by 2026, will generate 620 gigawatt hours (GWh) annually, powering 188,000 households and reducing CO₂ emissions by 161,000 tonnes annually.  Recurrent Energy plans to retain ownership and operation of the solar facility upon energization….

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SSEN Transmission plans £22bn investment for 2026-2031

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SSEN Transmission, a subsidiary of SSE, plans to invest at least £22 billion ($28 billion) in grid infrastructure between April 2026 and March 2031.   The proposed investment aligns with the Revenue = Incentives + Innovation + Outputs (RIIO) framework established by energy regulator Ofgem.  SSEN Transmission has submitted its business plan, emphasizing the need for an investable framework with appropriate financial returns to support the unprecedented scale of decarbonization efforts. The company has also outlined…

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California Resources partners with Net Power for low-carbon power projects

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California Resources Corporation (CRC), its carbon management arm Carbon TerraVault (CTV), and Net Power have signed a memorandum of understanding (MoU) to advance low-carbon energy solutions in California.  The collaboration aims to integrate Net Power’s ultra-low emission power plants with CTV’s carbon capture and storage (CCS) infrastructure. The partnership will conduct feasibility studies to assess placing Net Power’s modular plants near CTV’s underground storage sites. This is expected to cut CO₂ transportation costs and enable…

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EU approves €2.6bn support for Estonia’s offshore wind sector

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The European Commission (EC) has approved a €2.6 billion ($2.7 billion) scheme to support Estonia’s offshore wind energy sector, advancing the country’s goal of achieving net-zero emissions.  This initiative, aligned with the Estonian Maritime Spatial Plan, will fund the construction and operation of offshore wind farms through a competitive bidding process. The scheme, part of the State Aid Temporary Crisis and Transition Framework (TCTF), is open until December 2025 and provides aid for 20 years…

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Davidson Kempner and NIC acquire Greencells’ solar and storage platform

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Davidson Kempner Capital Management and Nature Infrastructure Capital (NIC) have jointly acquired Greencells Group’s Netherlands-based solar and storage project development platform.  The platform specializes in utility-scale solar and battery projects across Europe and Canada, with a development pipeline of 4 GW. Financial details of the acquisition have not been disclosed. The platform has grown significantly since 2019, now boasting nearly 800 MW of ready-to-build projects.  Under the new ownership, the platform aims to accelerate its…