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Vestas secures 810 MW turbine order for Empire Wind 1
Danish wind turbine manufacturer Vestas has secured an 810MW order for the Empire Wind 1 project, marking its entry into the US offshore wind market. The company will supply and commission 54 V236-15.0MW turbines as part of the deal with Equinor. The agreement, finalized in March 2024, includes a five-year service contract to ensure optimal performance. The V236-15.0MW turbine, certified in 2023, has become a key part of Vestas’ global portfolio, with over 13GW in…
Kinetic Green secures $25 million from Greater Pacific Capital to boost EV growth
Kinetic Green has secured a $25 million investment from Greater Pacific Capital (GPC) as part of a $40 million Series A funding round, marking its first external equity raise. The funds will accelerate production at Kinetic Green’s Supa, Maharashtra facility, and support the expansion of its electric two- and three-wheeler business. The investment will also aid in promoting the E-Luna, launched in January 2024, and expanding Kinetic Green’s global reach with its premium golf cart…
RWE partners with Port of Setúbal to develop logistics hub for floating offshore wind energy in Portugal
RWE is collaborating with the Port Authority of Setúbal in Portugal to develop a logistics hub for floating offshore wind energy. The partnership aims to explore the port’s potential to become an industrial hub for marshalling, assembly, and deployment of components such as floating substructures and mooring systems, crucial for floating wind projects. Given Portugal’s deep waters, high wind speeds, and 2,500km coastline, the government sees floating offshore wind as a key renewable energy source….
Lupin to acquire 42.61% stake in Sunsure Solarpark
Lupin Limited has signed a share subscription and shareholders agreement with Sunsure Solarpark Seventeen Private Limited and Sunsure Energy Private Limited to acquire up to 42.61% of Sunsure Solarpark’s shares through an investment of Rs 105.53 million, completed in two stages. This investment will allow Lupin to source renewable energy for its Tarapur manufacturing site, reducing power costs and advancing its decarbonization goals. The transaction is expected to be finalized within the next six months.
THDCIL to invest Rs 88 billion in 1,600 MW pumped storage projects in Rajasthan
State-owned THDC India Ltd (THDCIL) has signed an agreement with the Rajasthan government to develop two 800 MW pumped storage projects (PSPs) in Bundi and Tonk, with a total capacity of 1,600 MW. The projects, requiring an investment of Rs 88 billion, aim to bolster energy storage solutions and grid stability. The Bisanpura PSP will source water from the Gudha Dam, while the Rampura PSP will utilize water from the Bisalpur reservoir. THDCIL, which started…
JSW signs PPA with BESCOM for 300 MW solar project
JSW Renew Energy Twenty, a stepdown subsidiary of JSW Energy, has signed a power purchase agreement (PPA) with Bangalore Electricity Supply Company (BESCOM) for 300 MW of solar capacity. This project, awarded by Karnataka Renewable Energy Development (KREDL), is set to supply power at a tariff of Rs 2.89/KWh until FY 2044. Located in Pavagada Solar Park, Karnataka, the project is expected to be commissioned within the next 18 months. JSW Energy’s current solar pipeline…