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Tongyeong Eco Power’s 1GW LNG Plant begins operations in South Korea
Tongyeong Eco Power’s combined-cycle power plant has commenced commercial operations in Gyeongsangnam-do, South Korea, with a capacity exceeding 1GW, supplying electricity to nearly one million households. The liquefied natural gas (LNG)-fueled plant aligns with South Korea’s strategy to transition from coal to LNG and includes a 200,000 cubic meter LNG storage tank. GE Vernova has provided critical components for the plant, including two 7HA.02 gas turbines, one STF-D600 steam turbine, two heat recovery steam generators…
Vjaitra, Trouvé to develop hydrogen-powered air taxi
Vjaitra Air Mobility, a division of Indian drone manufacturer Darsh Dronobotics Systems, has partnered with Trouvé Innovation Hub Inc. to develop a hydrogen-powered 5-seater air taxi with a capacity to cover distances up to 600 km. Through this partnership, Trouvé Innovation Hub Inc. will help Vjaitra Air Mobility secure funding to build a full-scale prototype of the Hydrogen Air Taxi. This eco-friendly, quieter, and more efficient alternative to traditional travel modes is designed to enhance…
Poseidon to deliver cable services for Greater Changhua wind farms in Taiwan
Poseidon Cables has secured a contract with NCT Offshore to provide cable pre-rigging and pull-in services for the Greater Changhua 2b and 4 offshore wind farms in Taiwan. Located 35-60km offshore Changhua County, the project will become Taiwan’s largest wind power complex, generating electricity to supply one million households annually. Poseidon Cables’ role involves preparing and pulling in inter-array cables, a critical step toward operationalizing wind farms. This contract underscores Poseidon Cables’ standing as a…
L&T wins power transmission and distribution contracts in Middle East
The Power Transmission & Distribution (PT&D) division of Larsen & Toubro (L&T) has secured significant orders in the Middle East to expand and strengthen electricity grids at high voltage levels. While the exact value of these contracts was not disclosed, the aggregate worth is estimated between Rs 100 billion and Rs 150 billion. In Saudi Arabia, L&T will establish ±500kV HVDC transmission links to interconnect different regions within the national electricity network, improving system resilience…
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 commissioned in the first half of 2025, will generate enough electricity to power 77,000 homes and businesses annually. It represents…
JSW signs PPA with SECI for 700 MW solar project
JSW Energy’s step-down subsidiary, JSW Renew Energy Eleven, has signed a power purchase agreement (PPA) with Solar Energy Corporation of India (SECI) for a 700 MW solar capacity under SECI Tranche XIII. The PPA, with a tariff of Rs 2.56/kWh, is set for 25 years, and the project is expected to be commissioned within 24 months. JSW Energy, targeting 10 GW operational capacity by FY 2025, currently operates 7.9 GW across thermal, hydro, and renewable…