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Nigeria installs advanced SCADA systems for power grid management
The Nigerian government has announced the installation of advanced supervisory control and data acquisition (SCADA) systems to transform the management of the national power grid. Funded by the World Bank, this initiative is part of the Nigerian electricity transmission access project aimed at upgrading the country’s energy infrastructure. The new SCADA systems enable real-time monitoring and control, improving response to power outages and load management. Installed at over 100 substations, including Lagos’ Apapa substation, and supported…
Gansu Energy Bureau approves 750 kV Wuwei North project in China
The Gansu Provincial Energy Bureau has approved the 750 kV Wuwei North (Oasis) transmission and transformation project, an essential component of the ‘Gong Electricity into Zhejiang’ initiative. The project, being developed by State Grid Wuwei Power Supply Company, a subsidiary of the State Grid Corporation of China (SGCC), involves constructing a new 750 kV substation with a transformation capacity of 4×2100 MVA and 232.5 km of 750 kV transmission lines. This marks the first 750…
CEA concludes Brainstorming Conclave on Indian Power Sector Scenario 2047
The Central Electricity Authority (CEA) concluded its two-day Brainstorming Conclave on the ‘Indian Power Sector Scenario 2047’ in New Delhi on October 14-15, 2024. The event, attended by over 1,500 delegates, featured discussions on expanding hydropower, integrating energy storage systems, modernizing distribution networks, and fostering cross-border energy cooperation. Key dignitaries, including Union Power Minister Manohar Lal, emphasized India’s strategy to meet growing energy needs while transitioning to cleaner sources. The conclave also focused on capacity…
Alcazar Energy signs MoU for 2 GW onshore wind farm in Egypt
Alcazar Energy Partners has signed a memorandum of understanding (MoU) with the Egyptian Electricity Transmission Company (EETC) and the New and Renewable Energy Authority (NREA) to develop a 2 GW onshore wind farm in Egypt. The project aligns with Egypt’s Vision 2030, focusing on renewable energy and environmental sustainability. The wind farm is expected to generate clean electricity for more than 1.3 million households while preventing the release of up to 4.7 million tonnes of…
Power Sustainable completes phase one investment in Desert Quartzite Solar+Storage Project
Power Sustainable Energy Infrastructure (PSEI), a division of Power Sustainable, has completed the first phase of its strategic investment in the Desert Quartzite Solar+Storage Project in Riverside County, California. This investment grants PSEI a 50% ownership stake in the project, which is currently under construction. The Desert Quartzite Solar+Storage Project is a collaboration with Potentia Renewables, PSEI’s integrated developer and operator, and it marks PSEI’s expansion into the California utility-scale market. The project is designed…
Fluence Energy reports record order intake in Q3 FY2024
Fluence Energy announced its Q3 FY2024 results, showcasing a record quarterly order intake of $1.3 billion and a record backlog of $4.5 billion. Although revenue decreased by 10% year-over-year to $483.3 million, the company demonstrated strong improvements in profitability. The GAAP gross profit margin increased significantly to 17.2% from 4.1% the previous year, and net income reached $1.1 million, a substantial turnaround from a $35 million loss. Adjusted EBITDA also improved, rising to $15.6 million…