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REC signs MoUs worth Rs 1.12 trillion at RE-Invest

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REC participated in the Global Renewable Energy Investors Meet & Expo (RE-INVEST 2024) in Gandhinagar, Gujarat, from September 16-18, 2024. The company signed non-binding memorandums of understanding (MoUs) with renewable energy developers, totalling approximately Rs 1,120 billion, to be implemented over the next five years.

These MoUs encompass a wide range of projects, including solar and wind hybrid projects, round-the-clock (RTC) renewable power, firm and dispatchable renewable energy (FDRE), floating solar plants, hydroelectric power projects, battery energy storage systems (BESS), pumped storage, green ammonia and hydrogen, and solar cell/module manufacturing.

REC is also exploring financing for green energy corridors, wind turbine manufacturing, and the EV ecosystem, including associated charging infrastructure. The company aims to be a key player in India’s goal of expanding its installed non-fossil generation capacity from 200 GW to 500 GW by 2030.

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GE Power secures Rs 209 million order from MPPGCL for boiler parts

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GE Power India Limited has received a purchase order valued at Rs 209 million from Madhya Pradesh Power Generating Company Limited (MPPGCL) to supply boiler parts at the Sanjay Gandhi Power Station.  The order, subject to an additional 18% goods and service tax, is to be executed within 3.5 months.

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Italy implements FER 2 Decree to boost innovative renewable energy projects

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On August 13, 2024, Italy’s Ministry of the Environment and Energy Security (MASE) implemented the FER 2 Decree, aimed at supporting innovative renewable energy plants with high generation costs and low environmental impact. The decree targets specific types of plants, including biogas and biomass plants with capacities up to 300 KW and 1,000 KW, respectively, as well as thermodynamic solar, offshore floating wind, and floating photovoltaic installations. These plants must meet stringent eligibility criteria, such…

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UJVN issues tender for E&M works of 300 MW Lakhwar MPP in Uttarakhand

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UJVN has announced a tender for the electro-mechanical works of the 3×100 MW Lakhwar Multi-Purpose Project (MPP) in Dehradun, Uttarakhand. The engineering, procurement, and construction (EPC) contract is valued at Rs 5.958 billion and includes detailed design and engineering, manufacturing, shop assembly, testing, transportation, delivery, site storage, preservation, and a two-year guarantee for the electro-mechanical equipment and systems. Interested parties must submit their bids by September 30, 2024.

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GE Vernova wins contract for 600 MW hydrogen-capable power plant in Singapore

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GE Vernova has secured a contract to supply its 9HA.01 gas turbine for a new 600 MW hydrogen-capable power plant at the Pulau Seraya power station on Jurong Island, Singapore.  The project, led by YTL PowerSeraya Group, is set to begin operations by 2027. Initially running on natural gas, the plant will be able to blend up to 50% hydrogen, with a future goal of transitioning to 100% hydrogen fuel to support global decarbonization goals….

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Plenitude begins construction of 220 MW solar plant in Salamanca, Spain

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Plenitude, an Eni-controlled energy company, has commenced construction of a 220 MW solar plant in Villarino de los Aires, Salamanca, Spain. The facility, spanning 286 hectares, will be among the largest in the Castilla y Leon region and will connect to Spain’s national grid via a 3.2 km underground medium-voltage line. The plant will feature 365,300 bifacial modules and is expected to generate over 400 GWh of electricity annually, with completion targeted for 2025. Sterling…

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ENEOS acquires 20% stake in Norway’s GoliatVind floating offshore wind farm

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ENEOS Holdings’ renewable energy arm, Eneos Renewable Energy, has acquired a 20% interest in the GoliatVind floating offshore wind farm project in Norway. Located between the northern Norwegian Sea and the Barents Sea, the 75 MW project will feature five 15 MW wind turbines mounted on semi-submersible steel foundations developed by Odfjell Oceanwind. The project aims for commercial operation by 2028. The other stakeholders include Galileo Norge, which holds the largest share at 40%, alongside…

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