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NTCSA signs agreements with 19 local firms in South Africa for overhead line construction
South Africa’s National Transmission Company South Africa (NTCSA) has entered into long-term agreements with 19 local companies for various categories of overhead line construction panels, including engineering, procurement, and construction (EPC). These agreements include five companies for EPC, nine for procurement and construction (PC), and a total of 17 companies for construction. The firms selected after the tender issued in May 2023 include Ady Em Technical, the Bona-GPWG JV, Imbawula Technical Services and Suppliers Group,…
Sun Drops secures 7 MW solar projects under CPP segment
Sun Drops Energia Private Limited, a wholly owned subsidiary of KPI Green Energy Limited, has received letters of intent (LoI) to execute solar power projects with a cumulative capacity of 7 MW under the company’s captive power producer (CPP) business segment. These projects are slated for completion in the financial year 2024-25, with execution to occur in phases as outlined in the order’s terms.
Saatvik Solar plans Rs 10 billion IPO for expansion
Saatvik Solar is reportedly planning to raise Rs 10 billion through an initial public offering (IPO) to fund its expansion plans. The company, which currently has a module production capacity of 1.8 GW, expects to increase this capacity to 3.8 GW by November 2024. Over the next two years, Saatvik plans to invest Rs 22 billion to further boost its module-making capacity to 7.8 GW and establish a 2 GW cell manufacturing capacity.
CSI Solar wins EPC contract for 100MW/200MWh energy storage project in Australia
Canadian Solar’s subsidiary, CSI Solar, has secured a turnkey engineering, procurement, and construction (EPC) contract for a 100MW/200MWh energy storage project with Fotowatio Renewable Ventures (FRV) in Victoria, Australia. This project marks Australia’s first standalone energy storage facility, set to begin construction in August 2024. FRV Australia, backed by the Canadian infrastructure fund OMERS and a subsidiary of Jameel Energy, is leading the development. CSI Solar’s e-STORAGE division will supply its advanced SolBank 3.0 technology,…
Siemens acquires Trayer Engineering for grid modernization
Siemens has announced the acquisition of Trayer Engineering, a US-based company specializing in medium voltage secondary distribution switchgear, as part of its strategy to expand its grid modernization portfolio. While the financial details remain undisclosed, the acquisition will enhance Siemens’ capabilities in addressing challenges posed by extreme weather, particularly in secondary power distribution. By integrating Trayer’s expertise in submersible switchgear, Siemens aims to bolster grid efficiency, particularly in flood-prone areas. Trayer’s padmount switchgear, essential for…
Russian ‘shadow fleet’ poses environmental risk in Baltic Sea, warns Greenpeace
A recent Greenpeace report warns of the significant risk posed by Russia’s so-called ‘shadow fleet’ of ageing tankers transporting crude oil, which bypass international sanctions. The report highlights the environmental threat of a potential oil spill in the Baltic Sea, particularly along the German coastline near Rostock, Lübeck, and Kiel. Greenpeace experts analysed four years of vessel movement data from tankers leaving Russian Baltic ports, including Primorsk, St. Petersburg, Ust-Luga, and Vysotsk. With Russia increasing…