Adani Energy Solutions Limited (AESL) has acquired Progressive Grid Networks Limited (PGNL) in Kenya to explore power transmission opportunities across East Africa.
PGNL’s initial share capital stands at KES 1 billion, divided into 100,000 ordinary shares valued at KES 1,000 each. Through this acquisition, AESL secures full ownership by acquiring 100 per cent of the shares through cash consideration.
Rajasthan Rajya Vidyut Utpadan Nigam Limited (RRVUNL) has issued a tender to establish a 500 MW/1,000 MWh battery energy storage system (BESS) with an additional greenshoe option of 500 MW/1,000 MWh. The deadline for bid submissions is December 16, 2024. The capacity will be distributed across multiple sites, including the Giral Lignite Power Project in Barmer, the Suratgarh Thermal Power Station, and substations in Sakatputa, Kota, and Jaipur.
EU Commissioner for Energy Kadri Simson has approved €53.9 million ($59.9 million) in funding to boost green hydrogen and renewable energy development in southern Africa. Namibia will receive the largest share, €36.9 million, with €50 million pledged to Namibian and South African hydrogen funds. This includes €25 million allocated to the SDG Namibia One fund, which aims to raise €1 billion for the 3GW Hyphen Hydrogen Energy project, expected to cost $10 billion. The European…
Power Mech Projects has received an order worth Rs 8.65 billion for the operation and maintenance (O&M) of the 3×660 MW supercritical thermal power plant at Talwandi Sabo Power, located in Banawala village, Mansa district, Punjab. The contract, awarded by Talwandi Sabo Power, a subsidiary of Vedanta, will commence on November 1, 2024.
China has energized the booster station for its first large-scale, pile-fixed deep-water offshore photovoltaic (PV) project, signalling the operational readiness of the CGN Yantai Zhaoyuan 400 MW floating solar project. Located in Laizhou Bay, Zhaoyuan City, the project covers 6.44 square kilometres and includes 121 PV sub-arrays. It features an alternating current (AC) side-rated capacity of 400 MW and a direct current (DC) installation capacity of 539.33 MW, utilizing Grand Sunergy’s Seapower double-sided, double-glass heterojunction…
NextEnergy Capital’s (NEC) international fund, NextPower V ESG, has secured a binding agreement to acquire a 248 MW solar PV portfolio in northeastern Spain. The portfolio comprises 12 solar PV projects and marks a significant addition to NEC’s rapidly growing renewable energy assets. This acquisition follows the recent long-term debt financing closure for an operational portfolio managed by NextPower V ESG’s predecessor, NextPower III ESG, in the same region. The latest investment highlights NEC’s strong…
Yunneng Wind Power, a subsidiary of Skyborn Renewables, has successfully installed all 80 foundations at the 640 MW Yunlin offshore wind project in Taiwan, marking a significant milestone toward the project’s full completion by the end of 2024. This achievement keeps the Yunlin offshore wind farm on track, enhancing Taiwan’s renewable energy capacity. Significant progress has been made, with 68 turbines already installed and 52 of them actively supplying clean electricity to the grid. In…
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