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SRPC proposes 6,000 MW reverse capacity upgrade for Raigarh-Pugalur HVDC system
The Southern Regional Power Committee (SRPC) has proposed enhancing the reverse transfer capacity of the ±800kV, 6000 MW Raigarh-Pugalur HVDC system from 3,000 MW to 6,000 MW. The National Committee on Transmission (NCT) is expected to discuss this proposal in its upcoming meeting later this month. Currently, the Raigarh-Pugalur HVDC link can transfer 6,000 MW in the forward direction from Raigarh (Chhattisgarh) to Pugalur (Tamil Nadu). The estimated cost for the reverse capacity project is…
BOEM finalises environmental review for wind leases in New York Bight
The US Bureau of Ocean Energy Management (BOEM) has completed an environmental review for six wind lease areas in the New York Bight, potentially generating up to 7GW of offshore wind energy. This development supports the Biden-Harris administration’s goal of deploying 30GW of offshore wind capacity by 2030. The lease areas span 488,000 acres off the coasts of New York and New Jersey, with the potential to supply power to two million homes. BOEM’s review,…
Renewable energy developers commit massive capacity investments at RE-Invest 2024
At the RE-Invest event in Gandhinagar, Gujarat, several renewable energy developers have made significant capacity creation commitments as part of their “Shapath Patra” agreements with the government. Reliance Industries (RIL) has pledged to set up 100,000 MW of additional renewable capacity by 2030, alongside manufacturing 20,000 MW per year of integrated solar PV and equivalent glass capacity. Other major commitments include: NTPC Ltd: 41,300 MW ReNew: 40,000 MW Adani Green Energy: 38,300 MW Hero Future…
EC approves €1.2bn Polish scheme for electricity storage capacity
The European Commission has approved a €1.2 billion ($1.32 billion) Polish initiative to support the development of at least 5.4GW of new electricity storage capacity. The scheme, part of the State aid Temporary Crisis and Transition Framework (TCTF), aims to reduce Poland’s dependence on fossil fuels and enhance the integration of renewable energy sources into the national grid. The funding will come from the Modernisation Fund and the Recovery and Resilience Facility, following the EC’s…
Premier Energies receives approval for floating IPO
Premier Energies Limited, along with three other companies, has received approval from the Securities and Exchange Board of India (Sebi) to raise funds through Initial Public Offerings (IPOs), according to a recent update from the markets regulator. Premier Energies, a prominent solar cell company, plans to raise Rs 15 billion through its IPO. This offering includes a fresh issue of equity shares worth Rs 11.68 billion and an Offer For Sale (OFS) of up to…
Haryana DISCOM floats tender for 27 MW solar projects
Dakshin Haryana Bijli Vitran Nigam (DHBVN) has issued a tender for 26.75 MW of decentralised, ground-mounted, grid-connected solar projects under Component A of the Pradhan Mantri Kisan Urja Suraksha evam Utthaan Mahabhiyan (PM KUSUM) program. Bids are due by November 25, 2024. The Haryana Power Purchase Centre (HPPC) will purchase power from the projects at a levelised tariff of Rs 3.11/kWh, with 25-year power purchase agreements signed with successful bidders on behalf of DHBVN.