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Adani Green redeems USD 750 million Holdco notes
Adani Green Energy Limited (AGEL) has completed the redemption of USD 750 million Holdco notes via a fully funded redemption reserve account. The notes supported AGEL’s rapid growth, with its capacity expanding from 3.5 GW to 11.2 GW over the past three years, achieving a 48% compounded annual growth rate.
AMEA Power to invest in BESS and solar capacity in Egypt
AMEA Power has announced plans to invest USD 800 million to develop Egypt’s largest solar photovoltaic (PV) plant and first utility-scale battery energy storage systems (BESS). The project, located in the Benban area of Aswan Governorate, will feature a 1,000 MW solar PV power plant alongside a 600 MWh BESS. Additionally, AMEA Power is constructing a 500 MW Abydos solar PV plant in Kom Ombo, Aswan Governorate, which will include a 300 MWh BESS. The…
Saudi Arabia signs $9.3bn PPAs for 9.2GW power projects
The Saudi Power Procurement Company (SPPC) has signed power purchase agreements (PPAs) for five independent power producer (IPP) projects, totalling 9.2GW in capacity, as reported by Zawya. The projects include thermal and solar photovoltaic (PV) power initiatives, with a combined investment of 35 billion Saudi riyals ($9.3 billion), supporting Saudi Vision 2030 goals for a balanced energy mix. The thermal projects, Rumah 1 and 2 and Nairyah 1 and 2, will utilize combined cycle gas…
KPI Green secures approvals for 16 MW solar projects
KPI Green Energy Limited has received approvals from the Chief Electrical Inspector for 16 MW of solar power projects under its captive power plant (CPP) business. These projects were executed for KPI Green Energy’s clients and developed through its wholly-owned subsidiaries, KPIG Energia Private Limited and Sun Drops Energia Private Limited.
Blykalla and ABB partner to develop SMR pilot facility in Sweden for nuclear innovation
Swedish nuclear power company Blykalla has joined forces with engineering giant ABB to develop an electric small modular reactor (SMR) pilot facility in Oskarshamn, southern Sweden. The companies signed a Memorandum of Understanding (MOU) to collaborate on SMR technology that aligns with Sweden’s clean energy and decarbonisation goals. This initial project will focus on constructing a testing facility for Blykalla’s SEALER-E prototype, an electric lead-cooled fast reactor (LFR), to simulate nuclear fission temperatures without splitting…
Proposed 1600 MW Thermal Power Project in Mirzapur faces environmental scrutiny
The proposed 1600 MW coal-based ultra supercritical thermal power project in Mirzapur, Uttar Pradesh, does not involve forest land for the main site, but 8.35 hectares of forest land is needed for a water pipeline and road access, the government informed Parliament. The National Green Tribunal (NGT) recently took suo motu notice of a report indicating that the 665 hectares of land for the project site is recorded as a ‘forest’ in a 1952 gazette…