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Utah completes its first floating solar project
Utah has launched its first floating solar project, a 587.5 kW system installed on a holding pond at the Signal Hill facility, in collaboration with the Mountain Regional Water Special Service District. The project, supported by a $400,000 grant from Rocky Mountain Power’s Blue Sky Award program, is expected to generate 871,086 kWh of clean energy annually and reduce carbon emissions by 609 metric tonnes. Developed by Ameresco in partnership with D3Energy, construction was completed…
PGCIL, Adani, Sterlite Power in race for Gujarat’s HVDC transmission project
Three players—Power Grid Corporation of India Ltd (PGCIL), Adani Energy Solutions Ltd (AESL), and Sterlite Power—have qualified to compete for a major interstate transmission system (ISTS) scheme in Gujarat, involving high-voltage direct current (HVDC) technology. The scheme is part of the Khavda V-A Power Transmission project, aimed at evacuating 8 GW of renewable energy from the Khavda region in Gujarat. Developer selection is being conducted through tariff-based competitive bidding (TBCB). The project is estimated to…
Emeren Group reports decline in Q2 net income
Emeren Group (SOL) reported a significant drop in its second quarter net income, falling to $392,000 from $8.35 million the previous year. Earnings per American Depositary Share (ADS) decreased to $0.01, compared to $0.14 in the same period last year. This fell short of analysts’ expectations, who had predicted a profit per share of $0.07, according to Thomson Reuters. The company’s adjusted EBITDA also declined, reaching $4.62 million, down from $9.31 million in the previous…
RMC Switchgears secures EPC contract for solarising agricultural feeders in Maharashtra
RMC Switchgears Limited has won an engineering, procurement, and construction (EPC) and operation and maintenance (O&M) contract worth Rs 2.01 billion to develop a solar power project aimed at solarising agricultural feeders in Maharashtra. The project was awarded through a competitive bidding process and an e-reverse auction, supporting efforts to enhance the state’s agricultural energy sustainability.
India and Poland strengthen ties, focus on energy security and peace
During a visit to Poland, Prime Minister Narendra Modi and Polish Prime Minister Donald Tusk committed to enhancing energy security and upholding international peace. The leaders agreed to collaborate in multilateral forums to ensure a stable, rules-based international order, marking the 70th anniversary of their diplomatic relations. Amid global conflicts and tensions, both Prime Ministers stressed the importance of energy security, particularly in light of the war in Ukraine, which has negatively impacted global food…
China commences construction on 2,370 km transmission line
China’s State Grid has commenced construction on a 2,370 km ultra-high voltage transmission line, costing CNY 35.3 billion. This line will transport over 36 billion kWh annually from Gansu province to Zhejiang, passing through four other provinces. This amount represents about 0.4 per cent of China’s projected electricity demand of 9.82 trillion kWh for the year. The project is part of China’s strategy to transfer power from its renewable energy-rich western regions to the more…