Adani Energy Solutions Limited (AESL) incorporated Adani Energy Solutions Step-Ten Limited (AESSTL) on December 18, 2024.
The special purpose vehicle (SPV) will focus on the transmission, distribution, and supply of power, along with other infrastructure services.
Reliance Power Limited (RPL) incorporated Reliance NU Energies Private Limited, a special purpose vehicle, on December 10, 2024. The entity will focus on developing renewable energy projects, including solar, wind, hybrid systems, and advanced energy storage solutions such as pumped storage hydropower and battery energy storage systems.
EDF Renewables UK is set to enhance the UK’s energy infrastructure by introducing 300 MW of battery storage projects. The company’s six battery storage projects, currently under construction, are expected to be operational by summer 2025. These include a 57 MW site in Braintree, Essex, and a 47.5 MW site in Indian Queens, Saint Austell, Cornwall. A 52 MW battery in Sundon, Bedfordshire, has already been energised, and Dorset Council has approved a 47.5 MW…
RWE Supply & Trading and the Salzgitter Group have signed a seven-year power purchase agreement (PPA) for 64 GWh of green electricity annually, starting in 2027. The electricity will be sourced from the 180 MW Boitzenburger Land solar park in Brandenburg, one of Germany’s largest photovoltaic systems, operational since autumn 2023. The solar park, covering 170 hectares, is owned by Solarenergie Boitzenburger Land GmbH, GP JOULE Group, and Mainova AG. The park’s electricity is marketed…
Micro Electricity has partnered with Saigontel to develop a 300 MW solar power park in southern Vietnam, alongside creating a green energy trading platform for industrial zones. The companies plan to invest USD 225 million over three years, with the project expected to generate revenue by 2025. Micro Electricity will offer energy management and transaction services to help businesses meet their green energy targets. This initiative aligns with Vietnam’s Direct Power Purchase Agreement (DPPA) regulations,…
Apraava Energy has secured an interstate transmission project in Rajasthan through the tariff-based competitive bidding (TBCB) process. The project involves the construction of approximately 200 km of 400 kV and 765 kV transmission lines, along with a pooling station, to facilitate the evacuation of 5.5 GW of renewable energy from Rajasthan’s Renewable Energy Zone Phase IV. Located in the Jaisalmer and Barmer regions, the project will play a key role in India’s renewable energy goals….
German energy group RWE has acquired a majority stake in R3 Renewables, a joint venture (JV) formed by US coal miner Peabody Energy, Summit Partners Credit Advisors (SPCA), and Riverstone Credit Partners. The deal, for an undisclosed sum, involves RWE taking over the shares of SPCA and Riverstone Credit Partners, with Peabody retaining a 25% stake in the JV. R3 Renewables focuses on repurposing former coal mining sites into clean, renewable energy projects. The JV…