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Interstate transmission system to boost Andhra Pradesh’s renewable energy integration
The National Committee on Transmission (NCT) recently approved an interstate transmission system (ISTS) to integrate 4.5 GW of renewable energy from the Anantapur-II Renewable Energy Zone (REZ) in Andhra Pradesh. The project, estimated at Rs 46.79 billion, will facilitate energy evacuation through infrastructure enhancements. The project will be implemented under the tariff-based competitive bidding (TBCB) route, with PFC Consulting Ltd (PFCCL) serving as the bid process coordinator. Named “Transmission System for Integration of Anantapur-II REZ…
Iberdrola secures grid access for 100MW solar PV plant in Basque Country
Iberdrola has secured grid access for its 100 MW Ekienea solar PV project in the Basque Country, Spain. The project is a private-public collaboration involving the Basque Energy Agency (EVE), the regional council of Alava, and the Mondragon Group, a Basque cooperative of companies.
Hindenburg alleges SEBI head’s past investments linked to Adani Group
Hindenburg Research has accused SEBI head Madhabi Puri Buch of previously investing in offshore funds linked to the Adani Group. Buch has dismissed the allegations as baseless, affirming that all required disclosures were properly made. Hindenburg claims that Buch and her husband held stakes in a Bermuda-based fund in 2015, which reportedly had connections to Adani Group associates. The Adani Group rejected these claims, calling them an attempt to tarnish the company’s reputation. The allegations…
Encavis secures €60.7 million financing for solar plant in Germany
Encavis has secured €60.7 million in non-recourse project financing for its solar plant in Lindenhof, Borrentin, located near Demmin in Mecklenburg-Western Pomerania. The plant is expected to be operational by the end of September 2024 and will generate 121 GWh of electricity annually. The financing, provided by Bayerische Landesbank, supports Encavis’ growth strategy, with around 74% of the plant’s output secured through a ten-year power purchase agreement (PPA) with a corporate buyer. The financing package…
Airox Nigen expands with 1 MW green hydrogen system in Russia
Airox Nigen has launched a 1 MW green hydrogen system in Russia, marking a significant step in its global expansion and commitment to environmental sustainability. This system, designed to produce hydrogen without greenhouse gas emissions, aligns with Airox Nigen’s strategy to strengthen its international presence and contribute to the global shift towards renewable energy. Through these installations, the company aims to reduce carbon footprints and support climate change mitigation efforts across diverse markets.
Philippines DOE to commercialize three offshore wind projects
The Department of Energy (DOE) in the Philippines has announced plans to commercialize three offshore wind projects with a combined capacity of 1,650 MW. The projects have received certificates of confirmation of commerciality, enabling them to enter the development phase. The consortium developing these projects includes Triconti Windkraft Group, Sea Wind Holdings, and Stream Invest Holding. The projects consist of the 450 MW Frontera Bay Wind Power Project, located off the coasts of Cavite and…