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SSE acquires developmental rights for 120MW BESS in Ireland’s Midlands
SSE Renewables has acquired development rights from Low Carbon’s Grid Systems Services for a 120MW/240MWh grid-scale battery energy storage system (BESS) project in County Offaly, Ireland. The Thornsberry BESS project near Tullamore has received planning consent and grid connection approval, enabling 120MW import/export capacity to the national grid. Once operational, the system could supply backup…
MNRE clarifies customs duty eligibility for wind turbine components
The Ministry of New and Renewable Energy (MNRE) has issued a circular notifying revised eligibility for concessional customs duty on imported forged steel rings used in wind energy generators. The clarification, dated February 4, 2026, follows a recent customs notification issued by the Department of Revenue. The update refers to Notification No. 02/2026-Customs issued by…
ADB and GCF launch India Green Finance Facility
The Asian Development Bank (ADB), in partnership with the Green Climate Fund (GCF), has launched the India Green Finance Facility (IGFF) with $200 million in concessional funding approved by GCF. This is ADB’s first GCF-backed programme in India. The IGFF aims to mobilise large-scale public and private investments in emerging clean energy technologies, including round-the-clock…
NHPC receives approval for Lanco Teesta Hydro Power merger
NHPC Limited has secured approval from the Ministry of Corporate Affairs (MCA) for the merger of Lanco Teesta Hydro Power with NHPC. The company also received a second insurance payment of Rs 2.50 billion related to business interruption losses from the October 2023 flash flood at the 510 MW Teesta-V Power Station. NHPC, India’s largest…
BrightNight and Cordelio Power secure $260m financing for solar project
Renewable power companies BrightNight and Cordelio Power have secured $260 million in tax-equity financing for the 300MW Box Canyon solar project in Pinal County, Arizona. The financing, provided by affiliates of JP Morgan and Capital One, will help monetise production tax credits via a partnership flip structure. The Box Canyon solar project, expected to be…
Fluxys, OQGN to jointly develop hydrogen network in Oman
Fluxys and OQ Gas Networks SAOG (OQGN) have signed an agreement to jointly develop a hydrogen transportation network in Oman. Fluxys will participate as a minority shareholder, while OQGN will lead the project. The planned hydrogen infrastructure aligns with Oman’s Vision 2040 and national hydrogen targets. Both companies aim to accelerate the country’s energy transition…
