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BII commits $95 million to climate action in South-East Asia

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British International Investment (BII) has pledged $95 million to support climate action in South-East Asia, including a $70 million top-up commitment to the SUSI Asia Energy Transition Fund (SAETF) and a co-investment commitment to Sustainable Asia Renewable Assets (SARA). SARA, a joint initiative between BII, FMO, and SUSI under SAETF, aims to develop a 500 MW portfolio of greenfield renewable energy projects across select South-East Asian markets by the fund’s end.  In addition, SUSI has…

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Solar power overtakes coal in EU electricity mix in 2024

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Solar power surpassed coal in the European Union’s (EU) electricity mix for the first time in 2024, according to energy think tank Ember.  Solar accounted for 11% of the EU’s electricity mix, up from 9.3% in 2023, while coal fell below 10%, the lowest since Ember began tracking in 2011. Gas-fired power dropped to 15.7% from 16.9% in 2023. Wind power remained steady at 17.4%, though new wind capacity of 13GW in 2024 was partially…

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Waaree Solar Americas starts commercial production of solar modules in Texas

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Waaree Solar Americas, a wholly-owned subsidiary of Waaree Energies Limited (WEL), has begun the commercial production of solar modules at its manufacturing facility in Brookshire, Texas, with a capacity of 1,600 MW. This facility marks a key step in localising solar module manufacturing in the United States, supporting job creation and reducing dependence on imported solar products.  The Texas plant will produce high-quality photovoltaic modules to meet the growing demand for renewable energy solutions in…

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Uzbekistan’s NEGU targets 76.1 billion TWh electricity transmission in 2025

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Uzbekistan’s JSC National Electric Grid of Uzbekistan (NEGU) aims to transmit 76.1 billion TWh of electricity through its networks in 2025, an increase from 74 TWh in 2024. In 2024, NEGU made significant improvements, including adding 543 km of high-voltage transmission lines, 1,627 MVA capacity substations, and repairing 309 transformers and over 6,400 km of transmission lines. The grid also integrated renewable energy projects, connecting 763 MW of solar and 1,500 MW of wind power….

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CleanMax secures financing to develop solar projects in UAE

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CleanMax has secured a long-term credit facility of AED 99 million from Hong Kong and Shanghai Banking Corporation (HSBC) to develop and finance its onsite solar portfolio in the UAE. The facility will support the installation of 92 solar assets across industrial facilities, malls, schools, and universities. Additionally, the financing includes an uncommitted accordion of AED 37 million for future projects, in line with the UAE’s Net Zero 2050 strategy.

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Trump suspends IRA funding, halting clean energy projects

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US President Donald Trump has issued an executive order suspending all funding disbursements under the Inflation Reduction Act (IRA), marking a significant shift in the US energy agenda.  The move, termed “Terminating the Green New Deal,” also halts funding for the Infrastructure Investment and Jobs Act, impacting clean energy and manufacturing projects. Federal agencies now have 90 days to submit reviews and spending recommendations to the Office of Management and Budget and the National Economic…

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Technip Energies wins FEED contract for Uniper’s new UK power plant

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Technip Energies has been awarded a front-end engineering design (FEED) contract for Uniper’s new combined cycle gas turbine (CCGT) power station with carbon capture and storage (CCS) at Connah’s Quay, located in the northwest of England. The Connah’s Quay low-carbon power project will be integrated into the Hynet Cluster’s CO₂ transport and storage infrastructure.  Uniper aims to develop the first phase of the CCGT and CCS project to commence commercial operations by the end of…

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Vestas secures turbines order for Ukraine’s largest wind energy project

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Vestas has secured an order to supply turbines for the second phase of the Tyligulska wind energy project in Ukraine, the country’s largest renewable energy project.  Following the successful commissioning of the first phase in spring 2023, Vestas will deliver 64 turbines, contributing 384MW to the project’s total capacity of 498MW across both phases. The turbines, V162-6.2MW models, will each generate 6MW of power.  The project benefits from substantial international support, including backing from Danish…

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Nesma Infrastructure wins contract for Riyadh 380 kV substation

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Nesma Infrastructure and Technology has secured a SAR915 million contract with the Saudi Electricity Company (SEC) for constructing two 380 kV substations in Riyadh, named Rumah BSP-9077 A and B. The project includes installing line reactors at the Airport North BSP-9089 and PS3 BSP substations to strengthen Riyadh’s high-voltage transmission infrastructure. Scheduled for completion within 21 months, the initiative supports the city’s rapid urban and industrial growth. Saudi Arabia is also advancing renewable energy under…

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Trincomalee Power to develop 50 MW solar project in Sri Lanka

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Trincomalee Power Company Limited (TPCL), a joint venture between NTPC Limited and the Ceylon Electricity Board (CEB), is developing a 50 MW solar project in Sampoor, Trincomalee, Sri Lanka, with potential for expansion to 120 MW. The project’s tariff has been finalised at 5.97 US cents per unit. The Sampoor Solar Project is aligned with Sri Lanka’s renewable energy goals and will contribute to long-term energy security. The electricity generated will be transmitted to the…