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Powerica wins SECI auction for 500 MW ISTS wind power project
Powerica has secured a 50 MW capacity in the Solar Energy Corporation of India’s (SECI) undersubscribed auction for a 500 MW interstate transmission system (ISTS)-connected wind power project (Tranche-XVII). The company won the allocation at a tariff of Rs 3.81 per kWh. Due to an undersubscription, only 120 MW of the 500 MW was bid, resulting in SECI reducing the total award to 96 MW, per the tender’s 80% allocation provision. Adyant Enersol also participated,…
India’s renewable energy capacity to grow: 76.42 GW projects to be launched
The Ministry of New and Renewable Energy (MNRE) has announced that India has about 151 GW of renewable energy projects in various stages of implementation. Around 76.42 GW of this capacity will become operational in the next three to four years. The tendering process for the 76.42 GW capacity projects has been completed. Since 2014, India’s renewable energy capacity has grown from 76 GW to over 195 GW as of June 2024.
ZF Wind Power Coimbatore hits 50 GW gearbox milestone, plans expansion
ZF Wind Power has achieved a major milestone by producing 50 GW of wind turbine gearboxes at its Coimbatore plant. ZF is investing €50 million to increase the plant’s production capacity from 9 GW to 12 GW, aiming to reach 25 GW globally. This expansion will create 225 new jobs and support rising demand in both domestic and international markets, especially from India and the US. ZF is also preparing for onshore and offshore wind…
Drax Power to pay £25 million for misreporting biomass data, Ofgem announces
UK energy regulator Ofgem has announced that renewable energy generator Drax Power will pay £25 million for misreporting data regarding imported biomass from Canada. In May 2023, Ofgem launched an investigation into whether Drax had breached annual profiling reporting requirements under the Renewables Obligations (RO) scheme. Ofgem concluded that Drax lacked adequate data governance controls for the biomass imported from Canada between April 1, 2021, and March 31, 2022. However, there was no evidence that…
FTC Solar to supply solar trackers for 1 GW Dunlieh Energy projects
FTC Solar has signed a supply agreement with US-based Dunlieh Energy to provide solar tracker systems for over 1 GW of solar projects. The collaboration’s first project, the 500 MW Situla energy project in Banner County, Nebraska, will feature solar and battery storage and is expected to create over 225 local construction jobs, generating more than $1.4 million annually in nameplate capacity taxes. Tracker deliveries for the Situla project are set to begin in the…
Aypa Power secures $323 million financing for Idaho’s largest battery energy storage project
Aypa Power, a portfolio company of Blackstone, has secured $323 million in financing for its Kuna project in Idaho. The 150 MW/600 MWh facility, located near Boise in the city of Kuna, is set to become Idaho’s largest battery energy storage project by mid-2025. The financing package includes a $233 million green loan comprising a construction and term loan, a tax equity bridge loan, and a letter of credit facility. Additionally, the project has secured…