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Envision secures 116 MW turbine order from Blueleaf for Madhya Pradesh project

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Envision Wind Power Technologies India has secured a 116 MW wind turbine supply order from Blueleaf Energy for a co-located wind-solar hybrid power project in Madhya Pradesh. The project, set to begin construction in 2024 and complete by 2025, supports India’s renewable energy goals.

The agreement involves the supply of EN-156 3.3 MW turbines. The project, part of Blueleaf Energy’s goal to deploy over 5 GW of renewable capacity in India by 2030, aims to deliver 24/7 clean energy while reducing grid expansion needs and lowering the levelized cost of energy (LCOE).

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CIB and Elemental Energy secure $118m loan for Higgins Mountain wind project in Nova Scotia

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The Canada Infrastructure Bank (CIB) and Elemental Energy have reached financial close on a $118 million loan to support the Higgins Mountain wind project in Nova Scotia. Located in Colchester and Cumberland, the 100 MW wind farm will consist of 17 turbines, generating enough electricity to power 40,000 homes and cutting carbon emissions by over 200,000 tonnes annually. The project, a collaboration between Elemental Energy, Stevens Wind, and the Sipekne’katik First Nation (SFN), will offer…

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Torrent Power challenges approval of Sarda Energy’s bid for SKS Power Generation at NCLAT

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Torrent Power has filed an appeal with the National Company Law Appellate Tribunal (NCLAT) against the approval of Sarda Energy and Mining’s (SEML) resolution plan for the debt-ridden SKS Power Generation. The appeal follows the Mumbai-based National Company Law Tribunal’s (NCLT) decision on August 13, which approved SEML’s bid and dismissed Torrent Power’s application to acquire SKS Power Generation in Chhattisgarh. Torrent Power objected to the selection process, arguing it was discriminatory and claiming that…

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ICG and ST International acquire stake in South Korea’s Revent Energy

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UK-based asset manager Intermediate Capital Group (ICG) has partnered with South Korean energy firm ST International (STI) to acquire a 50% stake in Revent Energy, with STI retaining the other half.  This collaboration aims to strengthen Revent Energy’s onshore wind development strategy in South Korea, targeting 500 MW of installed capacity by 2029 through project acquisition, construction, ownership, and operation. Revent Energy currently holds stakes in two wind farms, Yeongyang Wind Power and Youngduk Wind…

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EliTe Solar plans Investment in 8 GW solar manufacturing hub in Egypt

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EliTe Solar has announced plans to invest over $150 million in building an 8 GW solar manufacturing hub in Egypt’s Suez Special Economic Zone. The facility, spanning 78,000 square meters, will focus on producing high-efficiency solar cells and assembling modules, with a significant portion of the output intended for export to key markets, including the US. The project will be completed in two phases, with the initial phase establishing a 2 GW solar cell production…

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esVolta secures $110m tax equity investment for 300MWh energy storage facility

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esVolta has obtained a $110 million tax equity investment from Greenprint Capital Management to fund its 300 MWh Hummingbird battery energy storage project in San Jose, California.  Set for completion in 2025, the project will provide Pacific Gas & Electric with resource adequacy capacity under a long-term contract and deliver fast-response energy and ancillary services to the California Independent System Operator (CAISO) market.  These services are essential for alleviating grid congestion and strengthening the power…

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RECPDCL annuls Rs 127 billion Rajasthan HVDC project tender 

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REC Power Development & Consultancy Ltd (RECPDCL) has cancelled the tendering process for a Rs 127 billion Inter-State Transmission System (ISTS) – Tariff Based Competitive Bidding (TBCB) scheme in Rajasthan involving High Voltage Direct Current (HVDC) infrastructure. This decision comes after Power Grid Corporation of India Ltd (PGCIL) emerged as the lowest bidder (L1). RECPDCL has now issued new tender documents, with the deadline for submitting responses set for September 17, 2024. The reasons for…

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