Global: Trinasolar partners with AMEA Power for Egypt’s first utility-scale BESS JERA-led consortium to operate offshore wind project in Japan SUN Energy secures USD 10 million facility from SMBC Indonesia India: PFCCL forms SPV for Mundra transmission system Siemens emerges as L1 bidder for Suratgarh Thermal Power Station renovation Avaada Energy to raise Rs 84 billion for renewable projects
SUN Energy has partnered with PT Bank SMBC Indonesia to obtain a USD 10 million Multi Option Trade Facility. The financing will support raw material procurement and expand solar energy projects in Indonesia’s commercial and industrial sectors. SMBC Indonesia, which disbursed nearly USD 1.1 billion in sustainable loans by September 2024, will provide financial tools such as letters of credit, bank guarantees, and working capital loans to ensure SUN Energy’s project continuity. This collaboration aims…
JERA Co., Inc., Green Power Investment Co., Ltd. (GPI), and Tohoku Electric Power Co., Inc. (Tohoku Electric) have formed a consortium led by JERA to operate a 615 MW offshore wind project in the Sea of Japan, off the southern coast of Aomori Prefecture. Japan’s Ministry of Economy, Trade, and Industry and the Ministry of Land, Infrastructure, Transport, and Tourism selected the consortium to develop the project. Operations are expected to begin in June 2030….
Chinese solar photovoltaic (PV) module maker Trinasolar has partnered with AMEA Power to deploy its Elementa 2 platform for Egypt’s 300MWh Abydos Solar PV project. The project marks the country’s first utility-scale battery energy storage solution (BESS) and expands the 500MW solar power plant in Kom Ombo, Aswan Governorate. Trinasolar’s Elementa 2 platform includes vertically integrated lithium iron phosphate (LFP) cells, a high-density module design, compatibility with various power conversion systems (PCS), smart liquid cooling,…
Avaada Energy Private Limited plans to raise Rs 84 billion (USD 1 billion) in debt by March 2025 to fund its wind, solar, and other renewable projects. Equity for these projects has already been secured. The company also intends to develop pumped storage projects (PSPs) in Rajasthan and Odisha.
Siemens Limited has emerged as the lowest bidder (L1) with a bid of Rs 647.79 million for civil works on the Distributed Control System (DCS) in Unit I of the Suratgarh Thermal Power Station (TPS) Renovation and Modernization (R&M) Project. Rajasthan Rajya Vidyut Utpadan Nigam Limited (RRVUNL) invited bids in February 2024. Bharat Heavy Electricals Limited (BHEL) was the second-lowest bidder (L2), quoting Rs 740.79 million. The scope includes design, engineering, supply, retrofitting, erection, testing,…
PFC Consulting Limited (PFCCL) has incorporated Mundra I Transmission Limited, a special purpose vehicle (SPV), for developing the transmission system to supply power to Green Hydrogen and Ammonia manufacturing facilities in the Mundra area of Gujarat (3 GW) under Phase-I Part B1. This was announced on December 27, 2024. PFCCL has been designated as the bid process coordinator (BPC) to select a transmission service provider (TSP) through the tariff-based competitive bidding (TBCB) process.