The Ministry of New and Renewable Energy (MNRE) has expanded the Approved List of Models and Manufacturers (ALMM) by adding 2,094 MW of solar module capacity, bringing the total capacity to 58,422 MW. Major additions include SAEL Solar P6 with 2,065 MW and Grew Energy with 29 MW. Meanwhile, ITI, Jyotitech Solar, SunField Energy, and…
Highview Power has announced plans to build a long-duration energy storage (LDES) project with a capacity of 2.5 GWh in Ayrshire, Scotland. Located at Peel Ports’ property in Hunterston, North Ayrshire, the project will provide five times Scotland’s current battery storage capacity and is supported by the Scottish government. The Hunterston LDES project will be…
The European Investment Bank (EIB) and Intesa Sanpaolo have launched an initiative to unlock €8 billion in wind sector investments, as part of EIB’s €5 billion wind energy plan unveiled at COP28. Supported by InvestEU, this will support 32 GW of wind capacity toward the EU’s 2030 renewable energy target of 45%. EIB will provide…
Vertiv has announced the expansion of its North American manufacturing operations with a new 215,000 sqft facility in Pelzer, South Carolina. This facility is expected to create up to 300 skilled jobs and will produce integrated modular solutions, modular power systems, and other infrastructure technologies for data centres. These prefabricated solutions are fully factory-tested, reducing…
Sustainable infrastructure fund Alcazar Energy Partners has signed agreements with RP Global to acquire rights for 968MW of renewable energy projects in Serbia. The deal includes Project Celzijus 1, a 200MW onshore wind farm, and a pipeline of 768MW in wind and solar projects. Project Celzijus 1, located in the Western Balkans, is set to…
Japanese firm TOYO has announced plans to build a 2GW solar cell manufacturing facility in Hawassa, Ethiopia, with an estimated investment of $60 million. The facility will be developed on a 31,500m² site, with construction set to begin in November 2024 and production expected by the end of Q1 2025. The project will create up…
Renewable power companies BrightNight and Cordelio Power have secured $260 million in tax-equity financing for the 300MW Box Canyon solar project in Pinal County, Arizona. The financing, provided by affiliates of JP Morgan and Capital One, will help monetise production tax credits via a partnership flip structure. The Box Canyon solar project, expected to be…
Google has signed a master plant development agreement with Kairos Power to generate clean energy for its AI data centres using small modular nuclear reactors (SMRs). The agreement outlines a plan to deploy 500MW of advanced nuclear power projects across the US by 2035. Kairos Power will oversee the development, construction, and operation of a…
The 1.3GW Golden Plains wind farm, located in Rokewood, Victoria, has begun supplying renewable energy to the state’s electricity grid. As the largest wind farm in the southern hemisphere, it will generate 4,000 GWh annually, covering 9% of Victoria’s energy needs and powering 765,000 homes when fully operational. The project includes a 300MW battery to…
Nexif Ratch Energy has announced the financial close of its 145 MWp Bacolod solar power project, its second solar venture in the Philippines. The ground-mounted project, located across Bacolod City and Bago City in Negros Occidental province, will provide clean energy to approximately 52,600 households. The project will connect to the National Grid Corporation of…