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CIP, China Steel inaugurate 300 MW Zhong Neng offshore wind farm in Taiwan
Copenhagen Infrastructure Partners (CIP) and China Steel Corporation (CSC) have officially inaugurated the 300MW Zhong Neng offshore wind farm off the coast of Changhua County, Taiwan. The project, a joint venture between CIP’s Copenhagen Infrastructure IV (CI IV) fund and CSC, marks the country’s first offshore wind farm completed ahead of schedule. Led by Copenhagen Offshore Partners and the local Copenhagen Infrastructure Service Company, the project saw the installation of its first turbines in May…
SSEN Transmission and NGET begin construction of EGL2 subsea link
SSEN Transmission and National Grid Electricity Transmission (NGET) have officially commenced construction on the Eastern Green Link 2 (EGL2), a £4.3 billion subsea high voltage direct current (HVDC) transmission project connecting Scotland and England. The 2GW subsea cable will run 436 km beneath the sea from Peterhead, Scotland, to Fraisthorpe Sands on the East Yorkshire coast, and extend 68 km underground to a new HVDC converter station at Drax, Yorkshire. The project, which aims to…
IREDA secures international credit rating from S&P Global
The Indian Renewable Energy Development Agency (IREDA) has received an international credit rating from S&P Global Ratings Limited, achieving a ‘BBB-’ long-term and ‘A-3’ short-term issuer credit rating. The outlook for IREDA has been designated as ‘Stable’. This rating will facilitate IREDA’s access to funding and support its expansion into international markets. In July 2024, IREDA announced plans to invest approximately Rs 2.9 billion in a 900 MW hydroelectric power project in Nepal. Earlier, in…
NextEnergy acquires 248 MW solar portfolio in Spain
NextEnergy Capital’s (NEC) international fund, NextPower V ESG, has secured a binding agreement to acquire a 248 MW solar PV portfolio in northeastern Spain. The portfolio comprises 12 solar PV projects and marks a significant addition to NEC’s rapidly growing renewable energy assets. This acquisition follows the recent long-term debt financing closure for an operational portfolio managed by NextPower V ESG’s predecessor, NextPower III ESG, in the same region. The latest investment highlights NEC’s strong…
Karnataka rooftop solar capacity crosses 600 MW
Karnataka has seen a notable increase in rooftop solar installations over the last two years. According to data from Karnataka Renewable Energy Development Limited (KREDL), 172.14 MW of rooftop solar projects were installed between March 2023 and July 2024, pushing the state’s total capacity past 600 MW. From April to July 2024, more than 50 MW was installed. In 2023-24, 121.82 MW of capacity was added, nearly double the 79.57 MW installed in 2022-23, marking…
QatarEnergy announces new solar mega project to double solar capacity
QatarEnergy has announced plans to launch a new solar mega project that will more than double the country’s solar energy output. The project aims to increase Qatar’s photovoltaic (PV) solar capacity to approximately 4 GW by constructing one of the world’s largest solar plants in Dukhan, with a capacity of 2 GW. This new facility will expand QatarEnergy’s existing solar portfolio, which includes the Al-Kharsaah plant, inaugurated in 2022 with an 800 MW capacity, and…