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Romania approves subsidy mechanism for wind, solar projects
Romania’s Ministry of Energy has approved a subsidy mechanism for contracts for difference (CfD) for wind and solar power projects. This mechanism will support 5 GW of renewable energy capacity across two tender rounds this year and next. A CfD ensures stable income for green energy investments by guaranteeing a fixed price per megawatt-hour. If market prices fall below this rate, the state pays the difference. Conversely, if market prices exceed the fixed rate, the…
ORLEN acquires 300MW renewable energy assets in Poland
Orlen Group, through its subsidiary ORLEN Wind 3, has finalized the acquisition of two solar photovoltaic (PV) farms and a wind farm from EDP Renewables Polska, boosting its renewable energy generation capacity by more than 300 MW. The assets include solar PV farms in the Zielona Góra and Poznań provinces, and a wind farm in the Łódź province. This acquisition raises Orlen Group’s total installed capacity to 580 MW in onshore wind farms and over…
India’s interregional electricity transfer surges by 17.7% in early FY25
The volume of interregional electricity transfer in India increased by 17.7% year-on-year during the first four months of FY25, reaching 95,410 million units (MU), up from 81,088 MU in the same period of FY24, according to data from Grid Controller of India Ltd (GRID-INDIA). The Western Region to Northern Region (WR-NR) transfer was the largest component, accounting for 40% of the total interregional transfer in FY25, up from 31% in FY24. The Western (WR) and…
Progress on Eurasian electric cable link between Cyprus and Greece
Cyprus and Greece have made strides in advancing the construction of the Great Sea Interconnector (GSI), a high-speed electric cable link connecting Greece, Cyprus, and Israel via the Mediterranean seabed. The project, valued at €2.4 billion ($2.67 billion), will be the world’s largest and deepest high-voltage direct current (HVDC) interconnector, spanning 1,240 km at a depth of 3,000 meters. Despite progress, the GSI has faced delays due to financing challenges and the need for transnational…
Hindenburg alleges SEBI head’s past investments linked to Adani Group
Hindenburg Research has accused SEBI head Madhabi Puri Buch of previously investing in offshore funds linked to the Adani Group. Buch has dismissed the allegations as baseless, affirming that all required disclosures were properly made. Hindenburg claims that Buch and her husband held stakes in a Bermuda-based fund in 2015, which reportedly had connections to Adani Group associates. The Adani Group rejected these claims, calling them an attempt to tarnish the company’s reputation. The allegations…
Acciona links first MacIntyre wind farm turbines to Australian grid
Spanish renewable energy company Acciona Energía has connected the first 27 turbines of the MacIntyre wind farm in Queensland, Australia, to the national grid, contributing 154MW of power. The farm, set for full completion by October 2025, will feature 162 Delta4000 turbines with a total capacity of 923 MW. The energy will be distributed via power purchase agreements with Queensland’s Stanwell and CleanCo. Ark Energy, holding a 30% stake, will use its share to decarbonize…