Similar Posts
World Bank approves USD 250 million for renewable energy in Lebanon
The World Bank’s Board of Executive Directors has approved a USD 250 million project to expand renewable energy sources (RES) in Lebanon and support ongoing electricity grid reforms. The initiative will strengthen Lebanon’s state-owned Electricité du Liban (EDL) operational and commercial systems, increase grid-connected RES supply, and reinforce the national power network. Key components include developing a grid-connected solar photovoltaic (PV) plant, rehabilitating the Litani River Authority (LRA) hydropower plant, and upgrading the EDL transmission…
RWE installs offshore converter platform at 1.4 GW Sofia wind farm
RWE has installed a high-voltage direct current (HVDC) offshore converter platform (OCP) at the 1.4 GW Sofia offshore wind farm in UK waters. This technology is crucial for converting high-voltage alternating current (HVAC) to HVDC, enabling efficient energy transmission. The project remains on track to be fully operational by 2026, providing enough electricity to power 1.2 million UK homes. The OCP, which took over two and a half years and more than 13 million hours…
EAAIF, FMO, and DEG invest €84 million in Senegal solar projects
The Emerging Africa & Asia Infrastructure Fund (EAAIF), the Dutch development bank FMO, and Deutsche Investitions- und Entwicklungsgesellschaft mbH (DEG) have collectively invested €84 million in two photovoltaic solar plants with battery storage systems in Senegal’s Kolda region. These projects, operated by Axian Energy, will have a combined capacity of 60 MW with 72 MWh of battery storage to stabilize the grid and support evening peak demands. The total project cost exceeds €105 million, with…
ORLEN acquires 300MW renewable energy assets in Poland
Orlen Group, through its subsidiary ORLEN Wind 3, has finalized the acquisition of two solar photovoltaic (PV) farms and a wind farm from EDP Renewables Polska, boosting its renewable energy generation capacity by more than 300 MW. The assets include solar PV farms in the Zielona Góra and Poznań provinces, and a wind farm in the Łódź province. This acquisition raises Orlen Group’s total installed capacity to 580 MW in onshore wind farms and over…
Indonesia announces plans for 75GW renewable energy expansion over 15 years
Indonesia has revealed plans to attract international investment for the development of 75GW of renewable energy within the next 15 years. The announcement, made at COP29 in Baku by Indonesia’s climate envoy, Hashim Djojohadikusumo, underscores the new administration’s goal to implement 100GW of new energy, with 75% dedicated to renewables like solar, hydro, geothermal, and potentially nuclear energy. With over 90GW of current power capacity, largely coal-based, Indonesia is pushing to reach carbon neutrality by…
SECI Tranche XVI auction results: 500 MW of solar projects awarded
The Solar Energy Corporation of India Limited (SECI) has announced the results of its Tranche XVI auction to develop 1.2 GW of inter-state transmission system (ISTS) connected solar projects across India. The auction, which was issued in May 2024, awarded a total of 500 MW of capacity. Sustainable and Affordable Energy for Life (SAEL) Industries Limited and NTPC Limited secured 250 MW and 200 MW respectively, both at a tariff of Rs 2.48 per kWh….