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Iberdrola secures licence for 274 MW wind project in Portugal

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Iberdrola has received a production licence from the Portuguese Directorate-General for Energy and Geology (DGEG) for a 274 MW wind project in Vila Real and Braga.  The project involves an investment of €350 million ($369 million) and will integrate with the Tâmega hydroelectric system. This marks Portugal’s first hybrid wind and hydro energy project, with a production capacity of 601 GWh annually. It is part of the Tâmega power plant system, which includes the Alto…

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Arevon Energy starts up Eland 1 Solar plus Storage Project in California

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Arevon Energy has announced the commencement of operations at its 384 MWdc Eland 1 Solar plus Storage Project in Kern County, California.  The project includes a 150 MW/600 MWh energy storage system. The second phase, Eland 2, is currently under construction and is expected to be operational by the first quarter of 2025.  Upon completion, Eland 1 and Eland 2 will have a combined capacity of 758 MWdc of solar power and 300 MW/1,200 MWh…

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TNB and Sembcorp to export 50 MW renewable energy to Singapore

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Tenaga Nasional Bhd (TNB) and Sembcorp Power Private Limited have signed an agreement for Malaysia’s first renewable energy export to Singapore, with the supply of 50 MW of electricity. This agreement follows the Energy Exchange Malaysia auction held in June 2024 and aligns with Malaysia’s Cross-Border Electricity Sales for Renewable Energy Scheme.  The electricity will be delivered through the existing Malaysia-Singapore interconnections.  The initiative aims to take advantage of higher pricing in Singapore to support…

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Jacobs partners with Terra Solar for energy project in Philippines

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Jacobs has joined hands with Terra Solar Philippines Incorporation for a $3.3 billion energy project aimed at meeting 12% of the Philippines’ energy demand. The initiative features a 3.5 GW solar plant and 4.5 GW battery storage system spread across 3,000 hectares. It will utilize advanced digital tools and drones for monitoring and logistics.  The project aims to reduce the country’s dependence on coal and promote cleaner energy solutions.  Jacobs brings its global expertise in…

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EU to prioritize geothermal energy to reduce reliance on Russian gas

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The European Union plans to promote geothermal energy to replace Russian gas and lower energy costs, according to a draft document. At an upcoming meeting in Brussels, the 27 EU member states are expected to endorse geothermal energy collectively for the first time, reported Reuters. The draft proposes an EU-wide strategy to cut emissions from heating and cooling systems and expedite geothermal projects. This includes financial guarantees to mitigate investment risks and simplified permitting processes….

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BP and JERA to form offshore wind joint venture

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BP and Japanese power generator JERA have announced a joint venture to create one of the world’s largest offshore wind operators, reported Reuters.  The 50-50 partnership, named JERA Nex bp, will combine their operating assets and projects, targeting a potential generation capacity of 13 GW. The partners plan to invest up to $5.8 billion in approved projects by 2030, with BP contributing $3.25 billion and JERA $2.55 billion.  The joint venture will become one of…

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Canada announces C$1 billion funding for clean energy projects

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The government of Canada has allocated C$1 billion ($707 million) in funding for clean electricity projects in the New Brunswick region.  The initiative, in collaboration with the Canada Infrastructure Bank (CIB), aims to support Indigenous-led wind projects with a total capacity of up to 670 MW. This effort is backed by the CIB’s Clean Power priority sector, the Indigenous Equity Initiative, and Natural Resources Canada’s Smart Renewables and Electrification Pathways program.  Additional federal assistance may…

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EAC recommends ToR for Sikaser pumped storage hydro project

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The Expert Appraisal Committee (EAC) of the Ministry of Environment, Forest and Climate Change (MoEFCC) has recommended the granting of Terms of Reference (ToR) for the 1,200 MW Sikaser Open Loop Pumped Storage Hydro-electric Project in Chhattisgarh in its latest meeting. The project is being developed by Chhattisgarh State Power Generation Company Limited (CSPGCL) near Sikaser village in Gariyaband district. The Rs Rs 5,118.03 billion project spans 160 hectares and leverages the head difference between…

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Rajasthan signs agreement with BrightKnight for wind-solar hybrid projects

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The Government of Rajasthan (GoR) has signed an agreement with BrightKnight to establish wind-solar hybrid power projects in the state.  As part of the agreement, BrightKnight has committed to investing Rs 150 billion to set up over 2,000 MW of wind-solar hybrid capacity in Rajasthan.

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Martial Solren achieves financial closure for solar projects in Gujarat and Rajasthan

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Martial Solren, a wholly-owned subsidiary of Mahindra Susten, has achieved financial closure for its 400 MW/560 MWp solar power projects in Gujarat and Rajasthan.  The company secured a Rs14.48 billion loan from HDFC Bank and Axis Bank for the projects. In April and June 2023, Mahindra Susten won 100 MW each under the base capacity and greenshoe capacity, quoting tariffs of Rs 2.74 per kWh and Rs 2.71 per kWh, respectively, under the 500 MW…