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Masdar to acquire Saeta Yield for $1.4bn, expanding its renewable energy footprint in Iberia
United Arab Emirates-based clean energy company Masdar has announced plans to acquire Saeta Yield from Brookfield Renewable and its institutional partners for an enterprise value of $1.4 billion (€1.2 billion). Saeta Yield, an independent renewable power developer, owner, and operator, has a substantial portfolio of 745MW of wind and solar assets. This includes 538MW of wind power in Spain, 144MW in Portugal, and 63MW of solar photovoltaic assets in Spain, along with a 1.6GW development…
Tata Power’s subsidiary begins solar cell production in Tamil Nadu
TP Solar, a subsidiary of Tata Power Renewable Energy (TPREL), has commenced commercial production at its 2 GW solar cell manufacturing facility in Tirunelveli, Tamil Nadu, marking it as the largest single-location solar cell and module plant in India. The plant currently has a 2 GW production capacity, which will expand by another 2 GW in the coming weeks. The Tirunelveli plant, with a total cell and module manufacturing capacity of 4.3 GW, has produced…
Schneider Electric partners with Noida International Airport for advanced energy management solutions
Schneider Electric has formed a strategic partnership with Noida International Airport to implement advanced building and energy management systems. This collaboration aims to enhance the airport’s operational efficiency and sustainability through comprehensive building management technologies, including Electrical SCADA and Advanced Distribution Management Systems. The partnership will optimize energy use, lower operational costs, and reduce environmental impact by integrating renewable energy sources and intelligent building management systems. Schneider Electric’s automation and control technologies will improve overall…
DDA allows DISCOMs to provide new electricity connections without reference to authority
The Delhi Development Authority (DDA) has granted permission to DISCOMs to provide new electricity connections in four categories, including urbanised villages and colonies regularised by the Municipal Corporation of Delhi (MCD), without requiring further approval from the DDA. This decision follows directions from Delhi LG VK Saxena, after representations from Delhi MPs, MLAs, and resident welfare associations. New connections will be allowed in areas where the DDA or other government agencies have previously issued No…
Aker Solutions wins contract for underwater substations for Med Wind in Italy
Aker Solutions has secured a front-end engineering and design (FEED) contract to design underwater substations for Renexia’s 2.8 GW Med Wind floating wind project off the coast of Trapani, Sicily. This marks the first large-scale floating offshore wind farm in the Mediterranean. The project will involve designing eight modules, positioned at seabed depths between 520m and 660m in the Strait of Sicily. These modules will serve as connection points for the floating turbines, transmitting energy…
Huasun and ITRAMAS to develop 1.5GW solar projects in Malaysia
Huasun Energy has partnered with Malaysian solar power developer ITRAMAS to develop 1.5GW of photovoltaic projects. Announced at the International Greentech & Eco Products Exhibition and Conference Malaysia 2024, the collaboration will advance Malaysia’s clean energy future, beginning in 2025. Under the agreement, Huasun will supply ITRAMAS with high-efficiency heterojunction technology (HJT) modules exceeding 700W for large-scale solar projects. This partnership aligns with Malaysia’s National Energy Transition Roadmap (NETR), which targets 70% renewable energy by…