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TOYO secures $150m solar cells contract to bolster renewable energy growth
TOYO has signed a $150m solar cells supply contract with a leading solar module manufacturer to support production expansion in India and the United States. The company will utilize its manufacturing facilities in Vietnam and Ethiopia to produce advanced solar cells designed to enhance module efficiency and performance. This partnership strengthens TOYO’s market position and aligns with its commitment to promoting sustainable energy. Chairman and CEO Junsei Ryu called the deal a significant milestone, emphasizing…
Key Power Sector News Roundup for September 23, 2024
CEA Clears Two Hydro Pumped Storage Projects in Maharashtra The Central Electricity Authority (CEA) has approved two hydro pumped storage projects in Maharashtra, the 1,500 MW Bhavali PSP by JSW Energy and the 1,000 MW Bhivpuri PSP by Tata Power, adding 15 GWh of storage. For FY25, 15 hydro PSPs totaling 25,500 MW are planned. Ministry of Power Issues EV Charging Infrastructure Guidelines for 2024 The Ministry of Power has issued 2024 guidelines for EV…
NCT approves six new projects worth Rs 96.7 billion
The National Committee on Transmission (NCT) recently recommended six interstate transmission system (ISTS) schemes with a total project outlay of nearly Rs 96.7 billion, to be implemented under the tariff-based competitive bidding (TBCB) mechanism. These schemes aim to enhance India’s power transmission infrastructure across various states. The first scheme focuses on developing a transmission system to supply power to green hydrogen and ammonia manufacturing in the Kandla area of Gujarat, with a planned capacity of…
Australia reduces Bunbury offshore wind zone size in Western region
The Australian Government has revised the planned Bunbury offshore wind zone in Western Australia, reducing its size by half to just under 4,000 km², down from the initially proposed 7,674 km². This decision follows consultations with community groups, First Nations people, fishers, industry representatives, local leaders, and unions. The revised zone in the Indian Ocean will now be at least 30 km from shore at its closest point and 40–50 km from coastal towns, compared…
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.
Emeren and Arpinge partner on 300MW battery storage portfolio in Italy
US-based Emeren Group has entered a co-development agreement with Arpinge to establish a 300MW battery energy storage system (BESS) portfolio in southern Italy, bolstering Emeren’s presence in the Italian BESS market where it already has 1.37GW in its permitting pipeline. This partnership with Arpinge, a permanent capital vehicle backed by Italian pension funds, aligns with Italy’s energy transition goals, focusing on enhancing grid stability and integrating renewables. Emeren Group CEO Yumin Liu highlighted the collaboration…