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PGCIL completes acquisition of two ISTS schemes for power transmission
Power Grid Corporation of India Ltd (PGCIL) has finalized the acquisition of two interstate transmission system (ISTS) projects awarded through a tariff-based competitive bidding process. These projects were transferred from bid process coordinator PFC Consulting Ltd (PFCCL) on November 7, 2024. The projects will operate under the build, own, operate, and transfer model. The first project, Barmer I Transmission Ltd, is a transmission system intended for power evacuation from Rajasthan Renewable Energy Zone (REZ) Phase…
Hyundai unveils Initium hydrogen SUV concept
Marking nearly 30 years of fuel-cell electric vehicle (FCEV) innovation, Hyundai has introduced the Initium concept, an SUV embodying its “Art of Steel” design language. With a targeted range of 400 miles (644 km) and a 201 hp electric motor, the Initium represents Hyundai’s continued commitment to hydrogen as a clean energy source. The Initium will debut at Auto Guangzhou in China and the Los Angeles auto show, featuring a large-capacity hydrogen tank and aerodynamic…
Continuum Green secures USD 150 million in equity from Just Climate
Continuum Green Energy has raised USD 150 million in new equity from Just Climate to support its efforts in deploying wind-solar-hybrid energy generation and storage projects across India.
RWE chooses Thyborøn Port to build Denmark’s largest offshore wind farm
RWE has commenced work on the Thor offshore wind farm project, Denmark’s largest offshore wind initiative to date, establishing key operational and construction bases at the Port of Thorsminde and Thyborøn Port. The Thor wind farm, located 22 kilometers off the west coast of Jutland in the Danish North Sea, will have a capacity exceeding 1 GW and is expected to power over one million Danish households with green energy. At Thyborøn Port, RWE has…
Hindustan Zinc to procure 530 MW of RE from Serentica Renewables
Hindustan Zinc has entered into a group captive arrangement with Serentica Renewables to secure 530 MW of round-the-clock (RTC) renewable power. The agreement involves Hindustan Zinc investing Rs 3.27 billion to acquire a 26% stake in Serentica and its affiliates. Serentica will develop captive renewable energy projects across India to supply power to Hindustan Zinc over 25 years, with projects commissioned in phases starting from 2027. This arrangement, which includes two previous power delivery agreements,…
CIP acquires 255 MW Scatter Wash battery storage project in Arizona
Copenhagen Infrastructure Partners (CIP), through its CI V fund, has acquired the 255 MW / 1,020 MWh Scatter Wash battery energy storage (BESS) project from Strata Clean Energy in Phoenix, Arizona. Construction began in early 2024, with commercial operations expected in the first half of 2025. Strata will remain as the construction and asset manager. The project secured a 20-year tolling agreement with Arizona Public Service (APS) in 2023, and financing was arranged in February…