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Matrix Renewables secures EUR 50 million EIB loan for solar projects in Spain

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Matrix Renewables has obtained a EUR 50 million (USD 54.6 million) green loan from the European Investment Bank (EIB) to finance new solar projects in Spain. The funds will support the design, construction, and operation of five solar farms with a total capacity of 240 MW in Castile and Leon and Extremadura, regions with lower-than-average EU per-capita income.

The solar farms are expected to be operational by the end of 2025. This loan aligns with the EIB’s REPowerEU plan, which recently increased funding to EUR 45 billion to support the EU’s clean energy transition.

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Singapore EMA conditionally accepts 1.75 GW electricity from Australia

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The Energy Market Authority (EMA) of Singapore has conditionally approved Sun Cable’s proposal to import 1.75 GW of low-carbon electricity from Australia. This electricity will be generated from solar power in Australia’s Northern Territory and transmitted to Singapore through a 4,300 km subsea cable. The project aims for commercial operations post-2035. To secure a conditional licence, Sun Cable must update its proposal to meet EMA’s conditions, including technical requirements, ensuring a commercially viable price for…

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US BLM issues right-of-way for Dry Lake East Energy Center Solar Project in Nevada

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UJVN invites bids for Rs 2.66 billion Tiuni Plasu hydroelectric project in Uttarakhand

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GE Vernova to acquire Woodward’s heavy-duty gas turbine parts business

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GE Vernova, Inc. has announced a definitive agreement to acquire Woodward, Inc.’s heavy-duty gas turbine combustion parts business in Greenville, South Carolina. The acquisition aligns with GE Vernova’s strategy to invest in U.S. manufacturing and strengthen its domestic supply chain to meet the growing global demand for heavy-duty gas turbines and upgrades. Eric Gray, President & CEO of GE Vernova’s Gas Power business, emphasized the importance of integrating this capability to enhance domestic manufacturing and…

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Chinese power grids face extreme demand amid record heatwave

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