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Union Cabinet approves Rs 124.61 billion for hydropower projects
The Union Cabinet has approved a revised budgetary support scheme for Hydro Electric Projects (HEP), with a financial outlay of Rs 124.61 billion. The scheme, running from FY25 to FY32, aims to support hydropower projects with a combined capacity of 31,350 MW. The updated scheme expands infrastructure support to include transmission lines, ropeways, railway sidings, and communication infrastructure, along with strengthening roads and bridges to improve access to remote project sites. This is expected to…
Sembcorp Industries secures wind-solar hybrid project from SECI
Sembcorp Industries, through its subsidiary Sembcorp Green Infra, has won a 150 MW wind-solar hybrid project from the Solar Energy Corporation of India (SECI). The project, connected to the interstate transmission system (ISTS), is part of SECI’s 600 MW bid. Sembcorp has received the letter of award (LoA) for this build-own-operate (BOO) initiative. The power generated will be sold to SECI under a 25-year power purchase agreement (PPA). The project is expected to achieve commercial…
SSE Thermal, EET Hydrogen to develop green hydrogen facility in North West England
SSE Thermal and EET Hydrogen have partnered to build a green hydrogen production facility, named Gowy Green Hydrogen, at the Stanlow Manufacturing Complex in Ellesmere Port, Cheshire. The initial 40 MWe facility will supply hydrogen to local industries and is expected to begin operations by 2028. Feasibility studies are complete, and design and site investigations are currently underway. A planning application is expected in 2025, with a final investment decision to follow. In August 2024,…
Jupiter Power secures $225 million credit facility to boost 12,000 MW energy storage pipeline
Jupiter Power has closed a $225 million corporate credit facility to expand its energy storage portfolio across the United States. The facility includes up to $175 million in letters of credit and $50 million in revolving loans. Coordinated by Barclays Bank PLC, HSBC Bank USA, and Sumitomo Mitsui Banking Corporation, this financing will support Jupiter Power’s 12,000 MW development pipeline. Kirkland & Ellis acted as counsel for Jupiter Power, while Latham & Watkins represented the…
Enel Green Power Australia partners with ElecSome for Solar PV recycling
Enel Green Power Australia, a joint venture of Enel Green Power and INPEX Renewable Energy Australia, has signed a long-term agreement with ElecSome to recycle solar photovoltaic (PV) modules across its Australian portfolio. ElecSome, based in Australia, will repurpose damaged and end-of-life solar modules to support the country’s decarbonisation efforts. With around 1.4 million solar PV modules expected to reach their end-of-life by 2025, solar module upcycling is becoming vital. By 2030, non-usable PV panels…
Engie secures financing for 250 MW solar project in Victoria, Australia
Engie has finalized financing for a 250 MW solar power plant at Goorambat East in Victoria, Australia. The project, initially approved in 2019 and acquired by Engie in 2023, will power approximately 105,000 homes when it begins operations in 2026. Located near Goorambat and Benalla, the project will create around 250 local jobs during construction. Engie has partnered with Bouygues Construction Australia and Equans Solar & Storage for the project’s development. The company also committed…