Similar Posts
CERC grants transmission licences to IndiGrid subsidiaries
The Central Electricity Regulatory Commission (CERC) has granted a transmission licence to Dhule Power Transmission Ltd (DPTL), a subsidiary of India Grid Trust (IndiGrid). DPTL is developing the “Transmission system for evacuation of power from Dhule 2GW REZ” on a build, own, operate, and transfer (BOOT) basis. The Rs 6.37 billion project, set for completion by February 2026, includes a new 4×500 MVA, 400/220kV pooling station and a 400kV double-circuit line in Maharashtra. IndiGrid won…
BP to divest US onshore wind business to shift towards solar and oil focus
British energy giant BP has announced plans to sell its US onshore wind energy business, BP Wind Energy, citing misalignment with its strategic growth goals. The sale, which includes ten onshore wind assets across seven US states with a combined net generating capacity of 1.3 GW, is expected to begin in autumn 2024. This move comes amid a broader shift in BP’s strategy, driven by new CEO Murray Auchincloss, who has placed renewed emphasis on…
India to drive global energy demand by 2035, says IEA
India is set to become the global engine for energy demand growth through 2035, according to the International Energy Agency’s (IEA) World Energy Outlook 2024. The report highlights India’s rapid expansion, with the country adding more than 12,000 cars daily, increasing built space equivalent to South Africa, and seeing its air-conditioners consume more electricity than Mexico’s total power consumption by 2035. As the world’s third-largest oil consumer, India will increase oil demand by nearly 2…
Actis partners with Meralco, SPNEC for Terra Solar project in Philippines
UK-based Actis has partnered with Manila Electric Company (Meralco) and Solar Philippines New Energy Corporation (SPNEC) to invest $600m (£458.55m) in the Philippines’ Terra Solar project. With a capacity of 3.5 GWp of solar power and 4.5 GWh of battery storage, it is the largest integrated renewable energy and storage project globally. Located on Luzon Island, the project will power 2.4 million households, with Meralco securing 850 MW under a 20-year contract. Completion is expected…
Bangladesh’s electricity demand rises 7% during protests despite economic disruptions
Despite nationwide protests disrupting economic activities, Bangladesh’s electricity demand grew 7% over three weeks, reaching an average of 316 million kWh per day. This increase, driven mainly by household air-conditioning use amid extreme heat, occurred even as most industrial and commercial activities came to a halt. The rise in residential power consumption highlights a shift in Bangladesh’s energy landscape, where household demand now surpasses industrial use. This trend has pushed Bangladesh to boost imports of…
Hanford site to become 1 GW solar farm
The Hanford site, a former nuclear production complex in Washington state, is set for a transformation into a 1GW solar farm. This project, part of the US Department of Energy’s (DOE) Cleanup to Clean Energy initiative, will be executed in partnership with Hecate Energy. Established in 1943 for the Manhattan Project, Hanford’s nuclear reactors were decommissioned in 1960, with extensive cleanup beginning in the 1980s. Now safe, the site is ready for redevelopment, including solar…