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SEC to build publicly owned renewable energy park in Horsham, Australia
The State Electricity Commission (SEC) has announced plans to construct the SEC Renewable Energy Park – Horsham, one of Australia’s first 100 per cent publicly owned utility-scale renewable energy projects. The solar and storage facility aims to supply affordable and reliable renewable energy to power approximately 51,000 homes annually, supporting the transition to a clean energy grid. The project, built in partnership with OX2, will be developed in two phases. Phase one involves installing over…
ENEOS acquires 20% stake in Norway’s GoliatVind floating offshore wind farm
ENEOS Holdings’ renewable energy arm, Eneos Renewable Energy, has acquired a 20% interest in the GoliatVind floating offshore wind farm project in Norway. Located between the northern Norwegian Sea and the Barents Sea, the 75 MW project will feature five 15 MW wind turbines mounted on semi-submersible steel foundations developed by Odfjell Oceanwind. The project aims for commercial operation by 2028. The other stakeholders include Galileo Norge, which holds the largest share at 40%, alongside…
Challenges and action plan for a sustainable power sector in Bangladesh
Bangladesh’s power sector is currently undergoing aggressive expansion with a focus on fossil-fuel-based capacity, leading to challenges such as overcapacity, high generation costs, revenue shortfalls, and a growing subsidy burden. The sector’s overcapacity is evident with an installed generation capacity of 28,166 MW compared to a peak demand of just 17,200 MW, resulting in a surplus of 38.9%, which rises to over 60% during the winter. This surplus is particularly problematic because the system is…
Tata Power acquires Paradeep Transmission for ERES XXXIV Expansion
Paradeep Transmission, a wholly-owned subsidiary of PFC Consulting created to develop the Eastern Region Expansion Scheme-XXXIV (ERES XXXIV), has been transferred to Tata Power Company. The sale and transfer process to Tata Power, the successful bidder, was finalized on 06 November 2024. The sale consideration was determined as per guidelines set by the Ministry of Power, Government of India.
Ireland releases geophysical data ahead of 900 MW offshore wind auction
The Irish government’s Department of the Environment, Climate and Communications has released crucial geophysical data for the country’s second offshore wind auction, ORESS Tonn Nua, aimed at securing 900 MW of clean energy from a site off County Waterford. The bidding is scheduled for early 2025, following the finalization of auction terms on October 30, 2024. This auction will be Ireland’s first conducted under the South Coast Designated Maritime Area Plan (SC DMAP), the state’s…
Exicom acquires Tritium for USD 37 million
Exicom, an EV charging solutions provider, has acquired Tritium, a global leader in direct current (DC) fast charging technology, for USD 37 million. As part of the acquisition, Exicom will establish a manufacturing facility in Hyderabad by the end of 2025 to produce advanced EV charging solutions using Tritium’s technology. The acquisition includes absorbing Tritium’s entire workforce of 300 employees, allowing Exicom to enhance its operational capabilities across multiple geographies. Tritium’s expertise in designing and…