Power Sector News Roundup for January 7, 2025

By

Global: US to remove restrictions on Indian nuclear entities Final rules for U.S. clean hydrogen tax credit released CIB invests $224.2m in Goose Harbour Lake Wind Farm in Nova Scotia Renalfa IPP acquires 258 MW solar project in Romania AMEA Power secures two 300MW BESS projects in South Africa EC approves EEW Offshore Wind EU acquisition Vietnam adjusts Power Development Plan VIII for waste-to-energy projects India: Suzuki partners with NDDB for biogas venture Waaree Energies…

|

Vietnam adjusts Power Development Plan VIII for waste-to-energy projects

By

The Ministry of Industry and Trade (MoIT) of Vietnam is revising its Power Development Plan VIII (PDP VIII) to incorporate waste-to-energy projects.  The revision will integrate local government proposals, focusing on waste resource capacities and their impact on the national grid.  The updated plan is set to be submitted to the Prime Minister for approval by February 2025. This follows the approval of Decision No. 262/QD-TTg, which includes various renewable energy projects nationwide.  As of…

|

EC approves EEW Offshore Wind EU acquisition

By

The European Commission (EC) has approved the joint control acquisition of EEW Offshore Wind EU by EEW Holding and Sumitomo under the EU Merger Regulation.  The collaboration involves German and Japanese entities producing large steel tubes for offshore wind farms. The EC concluded the acquisition would not raise competition concerns, as the market structure remains largely unaffected. Last year, Sumitomo announced plans to acquire a stake in EEW Offshore Wind EU to enhance its monopile…

|

AMEA Power secures two 300MW BESS projects in South Africa

By

UAE-based renewable energy developer AMEA Power has secured two battery energy storage system (BESS) projects in South Africa, each with over 300 megawatt-hours of capacity. The Gainfar and Boitekong projects, located in the North West Province, aim to address frequent blackouts and load shedding. Awarded under Bid Window 2 of the Battery Energy Storage Independent Power Producer Procurement Programme, the Gainfar project will connect to the Ngwedi substation, while the Boitekong project will link to…

|

Renalfa IPP acquires 258 MW solar project in Romania

By

Vienna-based renewable energy company Renalfa IPP has acquired a 258MWac solar photovoltaic (PV) project in Teleorman, Romania, slated for commercial operation by 2027. The project aims to advance Romania’s decarbonisation goals and strengthen energy security. Renalfa IPP plans to integrate 1,000 megawatt-hours of battery energy storage systems (BESS) with the Teleorman project to enhance grid stability and optimize renewable energy usage. This initiative is expected to support regional economic growth and create green jobs. Renalfa…

|

CIB invests $224.2m in Goose Harbour Lake Wind Farm in Nova Scotia

By

The Canada Infrastructure Bank (CIB) has committed $224.2 million in loans to support the $450 million Goose Harbour Lake Wind Farm project in Guysborough County, Nova Scotia.  Developed by Port Hawkesbury Paper Wind and RES Canada Construction, the wind farm will enhance Nova Scotia’s energy grid and provide clean power to Port Hawkesbury Paper, the province’s largest industrial electricity consumer. The project will feature 24 Nordex N163-7.0MW cold climate turbines with anti-icing technology, standing at…

|

Final rules for U.S. clean hydrogen tax credit released

By

The U.S. Department of the Treasury and Internal Revenue Service (IRS) have issued final regulations for the section 45V Clean Hydrogen Production Tax Credit.  Established by the Inflation Reduction Act, the credit is designed to promote clean hydrogen production while meeting strict lifecycle greenhouse gas (GHG) emissions standards. The rules provide flexibility and clarity to hydrogen producers, including those using electricity (renewable, nuclear), methane reforming with carbon capture (blue hydrogen), and alternatives like renewable natural…

|

US to remove restrictions on Indian nuclear entities

By

The US Government is taking steps to lift restrictions on Indian nuclear entities to strengthen energy relations and reinforce the 2005 nuclear deal.  US National Security Advisor Jake Sullivan stated that the US is finalizing efforts to remove long-standing regulations preventing civil nuclear cooperation between India’s top nuclear entities and US companies. Since the mid-2000s, the US and India have discussed the supply of US nuclear reactors to meet India’s growing energy needs. The 2007…

|

Insolation Energy establishes subsidiary for renewable energy

By

Insolation Energy has launched a new subsidiary, MGVI Green Infra One, to focus on solar and renewable energy projects.  The subsidiary will handle the development, installation, construction, operation, and maintenance of solar power plants and other renewable energy projects. It will also provide consultancy services and commission rooftop solar photovoltaic projects with comprehensive operation and maintenance (O&M) services. MGVI Green Infra One has an authorised share capital of Rs 0.1 million, with Insolation Energy holding…

|

DVC to upgrade Jharkhand’s power infrastructure

By

The Damodar Valley Corporation (DVC) has unveiled an investment plan to enhance power infrastructure in Jharkhand.  DVC Chairman S. Suresh Kumar announced the construction of 11 kV power infrastructure in 25 locations across the state, including 12 new e-House substations. The project aims to improve power distribution reliability, support regional growth, and provide affordable, high-quality energy to small industries. The first 33/11 kV e-House substation, inaugurated in Kandra, Dhanbad, uses advanced gas insulated switchgear (GIS)…