|

Alcazar Energy acquires rights for 968MW of renewable projects in Serbia

By

Sustainable infrastructure fund Alcazar Energy Partners has signed agreements with RP Global to acquire rights for 968MW of renewable energy projects in Serbia. The deal includes Project Celzijus 1, a 200MW onshore wind farm, and a pipeline of 768MW in wind and solar projects.

Project Celzijus 1, located in the Western Balkans, is set to cost $300 million and create 800 jobs during construction. The wind farm will generate clean energy to power over 31,000 households annually and prevent 426,000 tonnes of CO₂e emissions each year.

The acquisition, part of Alcazar’s goal to build a $600 million renewable energy asset base in Serbia, will be finalized by the end of 2024. Once operational, the projects will collectively produce more than 1,700 GWh of clean energy annually.

Similar Posts

|

Solestial, Meyer Burger partner to expand space solar technology production

By

Solestial has announced a strategic partnership with Meyer Burger Technology to increase the production of silicon solar technology. Solestial, based in Tempe, Arizona, specializes in radiation-resistant solar cells and flexible solar power modules designed for long-term space applications. Meyer Burger, a Swiss company, brings its expertise in manufacturing solar cells and modules to the partnership. The collaboration aims to produce 1 MW of solar cells annually by mid-2025, a substantial increase from Solestial’s current output…

|

Waaree Renewable posts robust Q2 growth with Rs 5,244.7 million revenue

By

Waaree Renewable Technologies Limited (WRTL), the solar EPC arm of Waaree Group, reported Q2 FY25 revenue of Rs 5,244.7 million, a 249.50% increase from Rs 1,500.6 million in Q2 FY24. Profit after tax (PAT) stood at Rs 535.2 million, while its unexecuted order book remains at 1.7 GWp with a 9-12 month timeline. For H1 FY25, revenue reached Rs 7,608.2 million, up 172.70% year-on-year, with an EBITDA of Rs 1,126.5 million, marking a 155.56% increase….

|

Nigeria installs advanced SCADA systems for power grid management

By

The Nigerian government has announced the installation of advanced supervisory control and data acquisition (SCADA) systems to transform the management of the national power grid. Funded by the World Bank, this initiative is part of the Nigerian electricity transmission access project aimed at upgrading the country’s energy infrastructure. The new SCADA systems enable real-time monitoring and control, improving response to power outages and load management. Installed at over 100 substations, including Lagos’ Apapa substation, and supported…

|

Eku Energy achieves financial close for Williamsdale BESS in Australia

By

Eku Energy has reached a financial close on its 250MW/500MWh Williamsdale Battery Energy Storage System (BESS) project in Canberra, ACT, marking a significant advancement in the ACT government’s Big Canberra Battery initiative.  Powered by Tesla Energy’s megapacks, the system will help store renewable energy to meet one-third of Canberra’s electricity needs during peak demand. The Williamsdale BESS will connect to Evoenergy’s distribution network, bolstering Canberra’s energy security and supporting the region’s net zero emissions target…

|

Adani Group merges two energy subsidiaries with Adani New Industries

By

Adani Group has merged two of its subsidiaries, Adani Infrastructure and Mundra Solar Technology, with Adani New Industries Limited (ANIL), a subsidiary of Adani Enterprises (AEL).  ANIL is expanding its solar manufacturing capabilities by setting up facilities to produce solar glass, aluminium frames, and backsheets. TotalEnergies holds a 25% equity stake in ANIL, while AEL owns the rest. Adani Infrastructure focuses on thermal and solar power projects, while Mundra Solar Technology manages electricity production and…

|

Australia approves SunCable’s $13.5 billion solar project to export power to Singapore

By

Australia has officially approved SunCable’s Australia-Asia Power Link (AAPowerLink), a $13.5 billion solar power project that will export renewable energy from the Northern Territory to Singapore via a 4,300 km undersea cable. The project has cleared a major milestone with approval under the Environment Protection and Biodiversity Conservation (EPBC) Act. Set to inject over AUD $20 billion into the Northern Territory’s economy, AAPowerLink is expected to create up to 14,300 jobs during peak construction and…

Leave a Reply

Your email address will not be published. Required fields are marked *