Power Sector News Roundup for January 6, 2025
Global: BOEM considers offshore wind leasing off Guam PacificLight Power to build 600 MW hydrogen-ready CCGT plant in Singapore Nexans divests AmerCable to Mattr for $280 million Arctech to supply 1.5GW solar trackers for Al Ajban PV project Greg Skinner acquires 50% stake in Ethical Power Group Tanzania prepares for Africa Energy Summit 2025 EBRD funds 500 kV transmission line in Uzbekistan ELUPRO partners with Oman and Thailand firms for green ammonia production India: SJVN…
ELUPRO partners with Oman and Thailand firms for green ammonia production
ELUPRO has signed agreements with Oman’s Muscat House and Thailand’s MA Corporation to collaborate on producing, supplying, and selling green ammonia. The agreement includes plans to construct a green ammonia facility in Oman’s Duhok Economic Free Zone by 2025 through ELUFO Oman, a subsidiary of ELUPRO. The facility aims to supply green ammonia to Thailand by 2027. Initially, the project will use a 2 GW power facility to produce 1 million tons of green ammonia…
EBRD funds 500 kV transmission line in Uzbekistan
The European Bank for Reconstruction and Development (EBRD) is providing a USD 66.4 million sovereign loan to Uzbekistan’s JSC National Electric Grid of Uzbekistan (NEGU) for a 500 kV, 230 km transmission line connecting Sarimay in Khoresm to Muruntau in Navoi. The project will ease grid bottlenecks, reduce electricity outages during peak demand, and support the integration of renewable energy sources. It aligns with Uzbekistan’s low-carbon development strategy, developed with EBRD’s assistance. The new line…
Tanzania prepares for Africa Energy Summit 2025
Tanzania will host the African energy summit on January 27–28 in Dar es Salaam, bringing together heads of government and over 1500 executives from multilateral agencies, the private sector, and diplomats. The summit aims to revolutionize energy access for 300 million people across Africa by 2030. Key objectives include the adoption of the Africa energy compact, the endorsement of national energy compacts for 2025–2030, and the approval of the Dar es Salaam Declaration on sustainable…
Greg Skinner acquires 50% stake in Ethical Power Group
Greg Skinner, a private investor, has acquired a 50% share of Ethical Power Group from Hive Energy. As part of the deal, Skinner will provide an additional £15 million working capital loan to support the company’s continued growth. Skinner will also join the Ethical Power Group board. Ethical Power, founded in 2010, is a global renewable energy company that operates across Europe and New Zealand. The company employs over 300 people across five countries. Ethical…
Arctech to supply 1.5GW solar trackers for Al Ajban PV project
Arctech, a solar equipment manufacturer, has secured a deal to supply 1.5GW of its SkyLine II single-axis solar tracking system to PowerChina for the Al Ajban solar photovoltaic (PV) project in the UAE. Located in Abu Dhabi’s Ajban area, Al Ajban will be one of the largest single-site solar plants globally, generating enough green electricity to power 160,000 households and reducing carbon emissions by 2.4 million tonnes annually. The project, alongside Noor Abu Dhabi and…
Nexans divests AmerCable to Mattr for $280 million
French cable manufacturer Nexans has completed the sale of AmerCable, a specialist in electrical power, control, and instrumentation cables, to Mattr for $280 million. The move aligns with Nexans’ focus on its core electrification business, allowing it to concentrate on key market segments. The agreement, finalized in November 2024, values AmerCable at around five times its adjusted EBITDA for the 12 months ending June 2024. AmerCable will now be part of Mattr’s connection technologies segment,…
PacificLight Power to build 600 MW hydrogen-ready CCGT plant in Singapore
PacificLight Power has secured approval from Singapore’s Energy Market Authority (EMA) to construct a 600 MW hydrogen-ready combined-cycle gas turbine (CCGT) facility on Jurong Island. Operations are slated to begin in January 2029. This facility will be Singapore’s largest single H-class CCGT and will feature a large-scale battery energy storage system (BESS). The greenfield site allows for future expansion, including the addition of a second unit and the potential integration of carbon capture, utilization, and…
BOEM considers offshore wind leasing off Guam
The US Bureau of Ocean Energy Management (BOEM) has launched a process to consider offshore wind energy leasing off the coast of Guam, a US Pacific territory. A Call for Information and Nominations has been issued to gather public input and identify potential leasing areas. This initiative aligns with Guam’s renewable energy targets of 50% by 2035 and 100% by 2045, as well as the US administration’s goal of installing 30GW of offshore wind capacity…