Power Sector News Roundup for January 30, 2025

Global: JUWI Renewable to begin construction on solar projects in South Africa Sri Lanka to renegotiate wind PPA with Adani Green Energy Mission 300 Initiative secures over $8bn in funding Ørsted and PGE reach FID for Baltica 2 offshore wind farm in Poland MSIG Asia and The RiskPoint Group partner to enhance APAC RE insurance India: NTPC partners with Energy Dome of Italy for CO2 battery energy storage project NTPC plans expansion of Lara Super…

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MSIG Asia and The RiskPoint Group partner to enhance APAC RE insurance

MSIG Asia and The RiskPoint Group have teamed up to strengthen renewable energy (RE) insurance in the Asia Pacific region.  With approval from the Monetary Authority of Singapore, RiskPoint will serve as MSIG Singapore’s Managing General Agent.  This partnership will leverage Singapore’s role as an insurance hub to provide tailored coverage for solar, wind, and hydroelectric projects. By combining MSIG’s regional network and financial strength with RiskPoint’s underwriting expertise, the partnership aims to address key…

Upper Siang Hydro Electric Project: The Battle for the Brahmaputra

In the remote corners of the Himalayas, where rivers carve their paths through deep gorges, a silent war is brewing—a battle not fought with weapons but with dams, reservoirs, and megawatts of power. The Brahmaputra River, known as the Yarlung Tsangpo in Tibet, is at the heart of this high-stakes contest between India and China. As Beijing pushes forward with its colossal 60,000 MW hydropower project in Medog county, just 30 km from Arunachal Pradesh,…

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Ørsted and PGE reach FID for Baltica 2 offshore wind farm in Poland

Ørsted and Polska Grupa Energetyczna (PGE) have made the final investment decision (FID) for the 1.5GW Baltica 2 offshore wind farm off the Polish coast.  The wind farm is expected to be fully commissioned by the end of 2027. Developed in a 50/50 partnership, Ørsted and PGE will be responsible for the entire project, including offshore transmission and substations. The project will feature 107 Siemens Gamesa 14 MW-222 turbines, with installation services from Cadeler and…

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Mission 300 Initiative secures over $8bn in funding

The Mission 300 initiative, aimed at providing electricity to 300 million Africans by 2030, has raised more than $8bn in funding commitments during the Mission 300 Africa Energy Summit in Dar es Salaam, Tanzania, held from 27 January to 28 January 2025, as reported by Reuters.  The summit was hosted by the United Republic of Tanzania, the African Union, the African Development Bank Group (AfDB), and the World Bank Group. Launched in April 2024 by…

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Sri Lanka to renegotiate wind PPA with Adani Green Energy

The government of Sri Lanka plans to renegotiate the power purchase agreement (PPA) with India’s Adani Green Energy for a 484MW wind power project, to reduce the cost to below $0.06 per unit, according to the Press Trust of India (PTI).  The previous government had signed a 20-year PPA for the project at 8.2 US cents per unit, a decision that was contested as local bidders had proposed lower prices. Sri Lankan government spokesman Nalinda…

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JUWI Renewable to begin construction on solar projects in South Africa

JUWI Renewable Energies will commence construction on three major private solar projects in South Africa, with a combined capacity of 340 MW and investments exceeding $320 million.  The projects will serve key players in the mining, data centre, and energy sectors, including Glencore, Teraco, Sasol, and Air Liquide. Together, the projects will generate over 1 million MWh of clean energy annually. The facilities include a 120 MW solar PV plant for Teraco Data Centres, a…

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Bridge and Roof wins contract for 100 MW solar project in Rajasthan

Bridge and Roof Company (India) Limited secured an engineering, procurement, and construction (EPC) contract worth Rs 3.51 billion for the development of a 100 MW solar photovoltaic (PV) project at Nawa in Didwana Kuchaman district, Rajasthan, on January 21, 2025.  The project was originally bid by SJVN Green Energy Limited (SGEL), a wholly-owned subsidiary of SJVN Limited, which invited EPC bids in April 2024. The 100 MW solar project, awarded to SJVN in May 2023…

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Kochi Metro plans two solar power projects in Kerala

Kochi Metro Rail Limited (KMRL) has identified land for two solar power projects in the Alappuzha and Kasargod districts of Kerala.  The Kasargod project will be developed on approximately 50 acres of land, expected to be acquired soon. The Alappuzha project will be set up on 90 acres of land in Kuttanad, with KMRL currently in talks with the Kerala Forest Department to secure land approval.  Both projects are expected to be completed by December…