Power Sector News Roundup for January 14, 2025

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Global: PPC Renewables orders 100 MW of wind turbines for Greek projects Constellation to acquire Calpine for $16.4bn in cash and stock deal Europe’s wind power growth falls short of 2030 targets GenusPlus secures A$270m contract for Clean Energy Link project in WA Deye unveils Micro Hybrid energy storage system EAAIF commits USD 20 million to CME Solar in Vietnam GE Vernova secures order for 14 turbines for wind farms in Japan India: Lupin completes…

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GE Vernova secures order for 14 turbines for wind farms in Japan

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GE Vernova’s Onshore Wind division has secured an order to supply 14 4.2 MW-117m turbines for the Iwaya and Shitsukari wind farms in Aomori, Japan. Developed by Eurus, the projects are expected to begin commercial operations by 2028.  This order, secured in the fourth quarter of 2024, is part of GE Vernova’s continued efforts to support Japan’s renewable energy goals. This is the fourth major order for GE Vernova in Japan since early 2024. With…

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EAAIF commits USD 20 million to CME Solar in Vietnam

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The Emerging Africa & Asia Infrastructure Fund (EAAIF), managed by Ninety One, has committed USD 20 million to CME Solarin Vietnam to develop a pipeline of rooftop solar projects, potentially scaling to over 260 MWp.  This investment supports Vietnam’s green growth goals and accelerates the energy transition in key industries like electronics, textiles, and manufacturing.  With coal accounting for 45% of Vietnam’s energy supply, this initiative aims to reduce carbon emissions and promote renewable energy…

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Deye unveils Micro Hybrid energy storage system

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Solar inverter manufacturer Deye has launched the AE-F(S)2.0-2H2 Micro Hybrid energy storage system (ESS), an all-in-one unit combining an energy storage micro-inverter, battery modules, and a battery management system (BMS).  Designed for home and outdoor applications, the system offers 24/7 intelligent monitoring and power management through Lora smart communication and an intuitive app interface. The system includes a 2 kWh lithium iron phosphate (LFP) battery, expandable to 10 kWh, with a lifespan of 6,000 cycles…

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GenusPlus secures A$270m contract for Clean Energy Link project in WA

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GenusPlus Group has won a A$270m ($167m) contract from Western Power for the Clean Energy Link – North Region project in Western Australia (WA). This initiative will enhance WA’s electricity network, boosting renewable energy capacity and supporting the state’s net-zero target by 2050. The contract includes designing and constructing two new 132kV and 330kV transmission lines, terminals at Regans Ford and Eneabba, and augmenting the existing Northern and Eneabba 330kV terminals. It also involves building…

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Europe’s wind power growth falls short of 2030 targets

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Europe added 15 GW of new wind energy capacity in 2024, including 13 GW from onshore and 2.3 GW from offshore projects, according to WindEurope. This falls significantly short of the 30 GW annual additions needed to meet the EU’s 2030 climate and energy goals. Wind power currently provides 20% of Europe’s electricity. The EU aims to increase this share to 34% by 2030 and over 50% by 2050. However, challenges in permitting, grid connections,…

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Constellation to acquire Calpine for $16.4bn

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Constellation has announced its acquisition of Calpine in a cash and stock transaction valued at $16.4bn, including 50 million Constellation shares, $4.5bn in cash, and the assumption of $12.7bn in net debt.  The deal brings the total net purchase price to $26.6bn after factoring in expected cash generated by Calpine and tax attributes. The transaction, expected to close by January 2026, is subject to regulatory approvals and customary conditions. Constellation plans to fund the cash…

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PPC Renewables orders 100 MW of wind turbines for Greek projects

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PPC Renewables, a subsidiary of PPC Group, has ordered 19 Nordex N149/5.X turbines, totalling 100 MW of capacity, for three wind farms in Greece. These include Rodopi in northern Greece, Livadaki in Phocis, and Timenio in Arcadia. The turbines, with 100-meter hub heights, will be maintained under a 20-year Premium Service contract. Upon completion in 2026, the wind farms will generate over 280 GWh annually, reducing CO₂ emissions by more than 142,000 tonnes. Nordex Group…

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NLC and APDCL to develop 1,000 MW solar projects in Assam

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NLC India Renewables (NIRL), a subsidiary of NLC India, has partnered with Assam Power Distribution Company (APDCL) to form a joint venture for developing 1,000 MW of solar power projects in Assam.  NIRL will hold a 51% stake in the venture and contribute its renewable energy expertise, while APDCL will handle land acquisition, regulatory approvals, and power evacuation infrastructure. The partnership includes a 25-year power purchase agreement with Assam distribution companies to supply the entire…

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PVUNL to commission Phase-1 power units by December 2025

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Patratu Vidyut Utpadan Nigam (PVUNL), a joint venture of NTPC and Jharkhand Bijli Vitran Nigam (JBVNL), will commission its Phase-1 power units by December 2025.  Located in Ramgarh district, Phase-I consists of three 800 MW units, collectively generating 2,400 MW. The first unit is set to begin operations in January 2025, followed by the second in September and the third in December. Of the total output, 85%—over 2,000 MW—will be supplied to Jharkhand, significantly enhancing…