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REC Power incorporates SPVs for Talegaon and Khavda power transmission projects
Bid process coordinator REC Power Development & Consultancy Ltd (RECPDCL) has established two wholly-owned subsidiaries to act as special purpose vehicles (SPVs) for developing interstate transmission system (ISTS) schemes under the tariff-based competitive bidding (TBCB) mechanism. According to a stock exchange filing by REC Ltd, the parent company of RECPDCL, the SPVs were incorporated on November 18, 2024: WRNES Talegaon Power Transmission Ltd: Focused on network expansion in Maharashtra for green energy supply to pumped…
Kerala’s Green Hydrogen Valley to be set up with Rs 185.42 billion investment
The Kochi Green Hydrogen Valley project in Kerala is set to transform the state’s energy landscape with a total estimated investment of Rs 185.42 billion. The project allocates Rs 41.66 billion for the development of electrolyzer and ammonia plants, while Rs 126.87 billion will be directed toward renewable energy expansion. The project will be implemented in three phases: Phase I (2024-25) will focus on developing green hydrogen clusters and renewable energy for industrial electrification; Phase…
Adani Group to invest USD 35 billion in renewable energy over five years
The Adani Group has announced plans to invest USD 35 billion over the next five years to establish large-scale renewable energy plants across India. The focus will be on solar, wind, and hybrid energy systems, aiming to play a significant role in the global energy transition. Sagar Adani, Executive Director of Adani Green Energy, revealed this initiative during a CEO panel discussion at the SBI Economic Conclave. He described it as one of the world’s…
Ofgem approves LionLink and Nautilus pilot projects for North Sea wind interconnectors
The UK energy regulator, Ofgem, has approved the initial stages of two interconnector pilot projects, LionLink and Nautilus, aimed at linking the UK’s transmission network with offshore wind farms in the North Sea. These “offshore hybrid assets” will connect UK, Dutch, and Belgian grids directly to offshore wind farms, delivering a combined capacity of 3.2 GW. National Grid is leading the projects in partnership with Dutch and Belgian transmission operators TenneT and Elia. Upon completion,…
Senvion India to double wind turbine manufacturing capacity by 2026
Senvion India, the country’s fifth-largest wind turbine manufacturer, has announced plans to expand its manufacturing capacity to 2 GW by 2026. To support this growth, the company will invest over USD 100 million in research and development (R&D) and supply chain advancements over the next two years, focusing on launching new technologies. In September, Senvion India introduced a 4.2 MW wind turbine model, its first four MW turbine, developed in collaboration with RE Technologies, a…
REC incorporates ‘Rajasthan IV 4B Power Transmission’ as a wholly owned subsidiary
REC has established ‘Rajasthan IV 4B Power Transmission’ as a wholly owned subsidiary of REC Power Development & Consultancy (RECPDCL), which itself is a wholly owned subsidiary of REC. The new company has been formed to manage the transmission system for the evacuation of power from Rajasthan Renewable Energy Zone (REZ) Phase-IV (Part-4: 3.5 GW), specifically Part B. The newly incorporated entity has an authorized and paid-up capital of Rs 500,000. This formation follows a…