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Zelestra secures €132 million financing for 435 MW solar project in Rajasthan
Zelestra has finalized €132 million in green financing for its 435 MW solar photovoltaic project in Gorbea, Rajasthan. The financing was provided by HSBC, Credit Agricole, MUFG, and Bank of America, aligning with Zelestra’s Green Financing Framework and the Green Loan Principles issued by the Loan Market Association. The project will supply power to the Solar Energy Corporation of India (SECI) under a 25-year agreement. The solar plant is expected to generate enough electricity to…
HydroWing and PLN to develop Indonesia’s first tidal energy plant
HydroWing, a division of Inyanga Marine Energy Group, has signed a binding agreement with a sub-holding of Indonesia’s state-owned power company, PLN (Perusahaan Listrik Negara), to develop the country’s first tidal energy project. The 10 MW tidal current power plant is planned for East Nusa Tenggara in the Indonesian archipelago. This partnership builds upon a 2022 Memorandum of Understanding between HydroWing and PLN aimed at accelerating tidal energy development in Indonesia through site selection, resource…
India expresses interest in Russia’s lunar nuclear power plant project
India has shown interest in joining Russia’s ambitious lunar nuclear power plant initiative, which aims to establish a base on the Moon in collaboration with China, according to reports from EurAsian Times and Russia’s state-owned agency Tass. Spearheaded by Rosatom, the project will develop a small nuclear power plant with a capacity of up to half a megawatt to power the lunar base’s operations. Rosatom chief Alexey Likhachev confirmed India’s and China’s interest in the…
Adani Energy acquires Pune-III Transmission for Khavda project
Adani Energy Solutions Limited (AESL) acquired Pune-III Transmission Limited, a special purpose vehicle (SPV) for development of the Transmission System for Evacuation of Power from potential renewable energy zone in Khavda area of Gujarat under Phase-IV (7GW): Part D on November 19, 2024. PFC Consulting Limited (PFCCL) served as the bid process coordinator (BPC) for selection of transmission service provider (TSP) for establishment of the project through tariff based competitive bidding (TBCB) mode process on…
CPS Energy partners with Eolian for large-scale battery storage projects in Texas
CPS Energy, a municipally owned energy company in the US, has signed agreements with Eolian to establish two large-scale battery energy storage systems (BESS) in South Bexar County, Texas. The Ferdinand and Padua 2 projects, with capacities of 200 MW and 150 MW respectively, are expected to become operational in the first half of 2026. These facilities will build on the existing partnership between CPS Energy and Eolian, which includes the 50MW Padua 1 project…
CTUIL approves Rs 4 billion interstate transmission schemes under RTM
The Central Transmission Utility of India Ltd (CTUIL) has approved seven interstate transmission system (ISTS) schemes worth nearly Rs 4 billion under the regulatory tariff mechanism (RTM). Announced on September 13, 2024, these projects, located across the eastern, western, and northern regions, will be executed by Power Grid Corporation of India Ltd (PGCIL) or its TBCB subsidiaries. The schemes, each costing under Rs 1 billion, include: Implementation of 220kV line bays for a 500-MW renewable…