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Swedish government rejects 13 offshore wind projects in Baltic Sea
The Swedish government has denied 13 applications for offshore wind farms in the Baltic Sea, south of the Sea of Åland, citing national defence interests. The rejected projects include Arkona, Aurora, Baltic Offshore Beta, Cirrus, and others, as they posed potential conflicts with Sweden’s military operations. This decision affects various developers, including Hexicon’s joint venture Freja Offshore, which will halt its Cirrus and Dyning projects. Defence Minister Pål Jonson emphasized that in the current security…
US DOE finalizes $72.8 million loan guarantee for microgrid in California
The US Department of Energy (DOE) has approved a $72.8 million loan guarantee to develop a solar-plus-storage microgrid on the Viejas Tribe’s reservation near Alpine, California. The project, supported by the California Energy Commission, US Bancorp Impact Finance, and Starbucks, will feature a 15 MW solar system and a 70 MWh long-duration battery. The Viejas Band of Kumeyaay Indians will secure electricity through a long-term power purchase agreement (PPA) with the project company, reducing energy…
Reliance (Anil Ambani) to develop green energy projects in Bhutan
Anil Ambani-led Reliance Group has announced plans to collaborate with Druk Holding & Investments Ltd (DHI), the commercial arm of the Royal Government of Bhutan, to develop green energy projects, focusing on solar and hydropower initiatives. The partnership will also explore innovative green technologies to support Bhutan’s net-zero goals. Reliance Group has launched a new flagship company, Reliance Enterprises, jointly promoted by Reliance Infrastructure Ltd and Reliance Power Ltd, to promote investments in Bhutan’s renewable…
Power Grid approves issuance of bonds to raise up to Rs 50 billion
Power Grid Corporation of India Limited (PGCIL) has received approval from its committee of directors to issue its 79th bond series (2024-25), which will raise up to Rs 50 billion through a private placement. The bond issuance has a base size of INR 10 billion, with a green shoe option allowing for an additional Rs 40 billion. These bonds are unsecured, non-convertible, non-cumulative, and taxable, with a 10-year maturity period. The bonds will be redeemable…
BC Jindal Group to invest $2.5 billion in India’s renewable energy sector
BC Jindal Group has announced its entry into India’s renewable energy sector, planning to invest approximately $2.5 billion over the next five years. The group has established Jindal India Renewable Energy (JIRE) to manage this endeavour, aiming to achieve decarbonization and ensure responsible environmental stewardship. JIRE’s goal is to produce 5 GW of power through hybrid, solar, wind, and Floating Solar and Direct Renewable Energy (FDRE) technologies. Currently, BC Jindal Group is developing 1,200 MW…
Noida Airport partners with Statiq for EV charging infrastructure
Noida International Airport (NIA), set to begin operations in April 2025, has entered a partnership with Statiq to establish electric vehicle (EV) charging infrastructure on the airside. Under the collaboration, Statiq will install, operate, and maintain EV charging stations to support the airport’s sustainability goals and reduce emissions. The charging network will cater to concessionaires and airport vehicles, facilitating the deployment of electric ground support equipment (GSE) and other electric vehicles. In the initial phase,…