Rajasthan Power Grid Transmission Company Limited (RPTCL) has been incorporated as a joint venture between Power Grid Corporation of India Limited (POWERGRID) and Rajasthan Rajya Vidyut Prasaran Nigam Limited (RVPN). The venture is structured with a 74% equity stake held by POWERGRID and a 26% share by RVPN. The objective of RPTCL is to develop…
A China-based firm has successfully ignited the world’s first 30MW-class pure hydrogen gas turbine, called Jupiter I. Developed by Mingyang Group and several research teams, the turbine offers a significant solution for renewable energy storage by converting hydrogen back into electricity during peak hours. The turbine addresses the challenge of renewable energy waste during off-peak…
Denmark’s Vestas has secured an order to supply 21 V236-15.0 MW turbines for the 315 MW Oga Katagami Akita Offshore Wind Project in Japan’s Akita Prefecture. The deal includes a long-term service agreement to optimise turbine performance. This marks Vestas’ first firm order for its V236-15.0 MW turbine in the Asia-Pacific region and its first…
J&V Energy has signed a memorandum of understanding (MoU) with ESPRO to establish a joint holding company for solar energy development and management in Thailand. The partnership aims to enhance renewable energy adoption and operational efficiency in line with Thailand’s sustainability goals.
Longroad Energy has signed a long-term Power Purchase Agreement (PPA) with Meta for the entire output of its 300 MWac 1000 Mile solar project in Yoakum County, Texas. The energy produced will be supplied to the Southwest Power Pool (SPP) grid and support Meta’s data center operations. The 1000 Mile solar project, Longroad’s first in…
Masdar has expanded its footprint in Europe by completing two acquisitions in the Iberian Peninsula. Along with its institutional partners, Masdar acquired Saeta Yield from Brookfield Renewable Partners for an enterprise value of €1.2 billion and an equity value of €696 million. Saeta’s portfolio includes 745 MW of wind assets, with 538 MW in Spain,…
The Pakistan Atomic Energy Commission (PAEC) has received a construction licence from the Pakistan Nuclear Regulatory Authority (PNRA) for the 1.2 GW Chashma Nuclear Power Plant Unit 5 (C-5) in Punjab. PAEC’s application, submitted in April 2024, included the preliminary safety assessment report (PSAR) and documentation addressing nuclear safety, radiation protection, emergency preparedness, waste management,…
REC Power Development and Consultancy Limited (RECPDCL), a subsidiary of REC Limited, has transferred two Special Purpose Vehicles (SPVs) as part of the Rajasthan Renewable Energy Zone (REZ) Phase IV power evacuation projects. The first SPV, Rajasthan IV 4A Power Transmission Limited, was transferred to Power Grid Corporation of India Limited (PGCIL), for the development…
Power Grid Corporation of India Ltd (PGCIL) has sold its remaining 26% stake in four associate companies to Power Grid Infrastructure Investment Trust (PGInvIT) for Rs 5.07 billion. The transfer, completed on December 30, 2024, aligns with share purchase agreements involving PGCIL, IDBI Trusteeship Services Ltd, PUTL (Powergrid Unchahar Transmission Ltd), and the concerned entities….
Servotech Renewable Power System Limited has secured an order to install 1,094 grid-connected solar-powered agriculture pumps under the PM KUSUM Scheme’s Component C-1. The Uttar Pradesh New and Renewable Energy Development Authority (UPNEDA) awarded the project, valued at approximately Rs 310 million. The project includes manufacturing, supply, installation, testing, and commissioning of solar pumps, along…