|

Siemens acquires Trayer Engineering for grid modernization

By

Siemens has announced the acquisition of Trayer Engineering, a US-based company specializing in medium voltage secondary distribution switchgear, as part of its strategy to expand its grid modernization portfolio. While the financial details remain undisclosed, the acquisition will enhance Siemens’ capabilities in addressing challenges posed by extreme weather, particularly in secondary power distribution. By integrating Trayer’s expertise in submersible switchgear, Siemens aims to bolster grid efficiency, particularly in flood-prone areas. Trayer’s padmount switchgear, essential for…

|

GE Vernova unveils advanced containerized solution for energy storage

By

GE Vernova Inc. has launched the RESTORE DC Block, an advanced containerized solution for Battery Enabled Energy Storage (BESS) with a capacity of 5 MWh and an operational duration of 2-8 hours. Designed for utility-scale renewable and energy storage projects, the solution enhances grid reliability by storing excess energy during high-generation periods and releasing it when demand peaks. The RESTORE DC Block is part of GE Vernova’s FLEXRESERVOIR system, which integrates battery storage, power electronics,…

|

SSE Thermal, EET Hydrogen to develop green hydrogen facility in North West England

By

SSE Thermal and EET Hydrogen have partnered to build a green hydrogen production facility, named Gowy Green Hydrogen, at the Stanlow Manufacturing Complex in Ellesmere Port, Cheshire. The initial 40 MWe facility will supply hydrogen to local industries and is expected to begin operations by 2028. Feasibility studies are complete, and design and site investigations are currently underway. A planning application is expected in 2025, with a final investment decision to follow. In August 2024,…

|

Encavis secures €60.7 million financing for solar plant in Germany

By

Encavis has secured €60.7 million in non-recourse project financing for its solar plant in Lindenhof, Borrentin, located near Demmin in Mecklenburg-Western Pomerania. The plant is expected to be operational by the end of September 2024 and will generate 121 GWh of electricity annually. The financing, provided by Bayerische Landesbank, supports Encavis’ growth strategy, with around 74% of the plant’s output secured through a ten-year power purchase agreement (PPA) with a corporate buyer. The financing package…

|

EliTe Solar plans Investment in 8 GW solar manufacturing hub in Egypt

By

EliTe Solar has announced plans to invest over $150 million in building an 8 GW solar manufacturing hub in Egypt’s Suez Special Economic Zone. The facility, spanning 78,000 square meters, will focus on producing high-efficiency solar cells and assembling modules, with a significant portion of the output intended for export to key markets, including the US. The project will be completed in two phases, with the initial phase establishing a 2 GW solar cell production…

|

CME Solar and Vista Global partner in joint venture to expand rooftop solar energy in Vietnam

By

CME Solar Investment and Vista Global, a subsidiary of Samsung C&T, have launched a joint venture to develop rooftop solar energy in Vietnam. The CME-Vista partnership aims to contribute to Vietnam’s shift towards a low-carbon economy by leveraging CME’s local expertise and Vista Global’s technical and financial resources. The collaboration will focus on deploying high-performance rooftop solar systems, supporting Vietnam’s goal of achieving net-zero emissions by 2050 and expanding clean energy solutions across the country.

|

Clime Capital to invest USD 10 million in Upgrade Energy Philippines

By

Clime Capital Management Private Limited has announced plans to invest up to USD 10 million in Upgrade Energy Philippines to accelerate the deployment of solar energy infrastructure across the country. The funding comes from the Southeast Asia Clean Energy Fund. Upgrade Energy, which began its solar journey with a rooftop installation in 2015, aims to surpass 50 MW of installed solar capacity by the end of 2024. Over the next four years, the company plans…

|

Actis partners with Meralco, SPNEC for Terra Solar project in Philippines

By

UK-based Actis has partnered with Manila Electric Company (Meralco) and Solar Philippines New Energy Corporation (SPNEC) to invest $600m (£458.55m) in the Philippines’ Terra Solar project. With a capacity of 3.5 GWp of solar power and 4.5 GWh of battery storage, it is the largest integrated renewable energy and storage project globally.  Located on Luzon Island, the project will power 2.4 million households, with Meralco securing 850 MW under a 20-year contract. Completion is expected…

|

Shaanxi completes Section 1 of China’s Longdong-Shandong UHVDC project

By

Shaanxi Power Transmission and Transformation Engineering Company, a unit of China’s State Grid Shaanxi Electric Power Company, has completed the Shaanxi Section 1 of the ±800 kV Longdong to Shandong ultra high voltage direct current (UHVDC) project. The 933.9 km transmission line in China will run from the Longdong converter station in Gansu Province to the Dongping converter station in Shandong Province, passing through Gansu (109.2 km), Shaanxi (178.12 km), Shanxi (334.88 km), Hebei (178.5…

|

Prozeal Green and Golyan form JV to develop 500 MW solar projects in Nepal

By

Prozeal Green Energy Limited and Golyan Power Limited have formed a joint venture to develop over 500 MW of solar energy projects in Nepal, including rooftop and ground-mounted photovoltaic (PV) plants. Prozeal Green Energy will hold a 60% stake and manage engineering, procurement, and construction, while Golyan Group will hold the remaining 40%. The solar power generated will be supplied to the Nepal Electricity Authority as well as commercial and industrial consumers. The projects, spread…