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Ukraine’s energy system braces for severe winter amid increased Russian attacks, IEA warns
Ukraine’s energy infrastructure faces its toughest challenge yet as winter approaches, according to a new report by the International Energy Agency (IEA). Russian missile and drone attacks have increasingly targeted Ukraine’s generation and transmission assets, causing more sustained damage than in previous phases of the war. The report, titled Ukraine’s Energy Security and the Coming Winter, highlights the extensive damage and warns of a potential 6GW energy shortfall during peak demand, despite efforts to restore…
SSEN Transmission open offshore hub in Inverness
SSEN Transmission has officially opened a new offshore hub in Inverness, Scotland, designed to accommodate up to 100 people and serve as a collaborative space for companies involved in regional energy projects. The hub, housed within SSEN’s existing building, offers desk space and meeting rooms named after iconic local bridges, such as Dornoch and Cromarty. The facility will support SSEN Transmission’s £20 billion ($26.12 billion) Pathway to 2030 programme, which aims to upgrade Scotland’s electricity…
Gujarat to install 48 MW solar rooftop systems with Rs 1.77 billion budget
The Gujarat government is planning to install 48 MW of solar rooftop systems on government buildings, backed by a Rs 1.77 billion budget. As of March 2024, 56.8 MW of solar rooftops had been installed across government departments, with the new installations set to enhance the state’s solar infrastructure and green energy initiatives.
Masdar to acquire Saeta Yield for $1.4bn, expanding its renewable energy footprint in Iberia
United Arab Emirates-based clean energy company Masdar has announced plans to acquire Saeta Yield from Brookfield Renewable and its institutional partners for an enterprise value of $1.4 billion (€1.2 billion). Saeta Yield, an independent renewable power developer, owner, and operator, has a substantial portfolio of 745MW of wind and solar assets. This includes 538MW of wind power in Spain, 144MW in Portugal, and 63MW of solar photovoltaic assets in Spain, along with a 1.6GW development…
Pilot Energy receives offer from for Three Springs solar plant in Australia
Pilot Energy has confirmed a non-binding A$11.5 million ($7.75 million) proposal from EDP Renewables APAC to acquire the 376 MW Three Springs solar photovoltaic power plant in Western Australia. The offer is structured in staged payments, with finalisation pending due diligence and an asset sale agreement by the end of 2024. Located 310 km north of Perth, the Three Springs solar project is a key component of Western Australia’s Mid-West Clean Energy Project, aimed at…
Alight secures €110m financing for 220 MW solar parks in Sweden
Swedish solar independent power producer Alight has secured €110 million in senior debt financing from Dutch bank Rabobank to develop, own, and operate 220 MW of small to medium-sized solar parks across Sweden. This portfolio financing, a first-of-its-kind in the Nordic region, will accelerate the renewable energy transition as Sweden faces rising electricity demand. The first phase includes constructing three solar parks: a 4MW park in Halland, a 6 MW park in Södermanland, and a…