Similar Posts
EnBW to install 100MW battery storage system in Marbach, Germany
Energie Baden-Württemberg (EnBW) has announced plans to develop a 100MW/100MWh battery storage facility at its Marbach power plant site in Germany, for enhancing grid stability in southern Germany rather than direct household power supply. Construction is scheduled to start next year, with the facility expected to be operational by the end of 2025. The project will use cobalt-free lithium iron phosphate batteries and will share infrastructure resources with EnBW’s existing facilities, creating synergies, including the…
Acwa commissions 700 MW AlRass1 solar PV project in Saudi Arabia
Acwa Power has commissioned the 700MW AlRass1 solar photovoltaic (PV) project in Saudi Arabia. The project, located in Al Qassim province, has commenced power generation after receiving a commercial operation certificate. Acwa Power holds a 40.1% stake in the AlRass Renewable Energy Company, with Badeel, a subsidiary of the Public Investment Fund, and China’s State Power Investment holding 20% and 39.9% stakes, respectively. The financial impact of the AlRass1 project is expected to be reflected…
Good Energy to acquire solar installer Empower Energy
Renewable energy provider Good Energy Group has signed a conditional binding agreement to acquire Empower Energy, a commercial solar installation company, for an initial consideration of £7 million ($7.56 million). The acquisition, structured on a debt-free, cash-free basis, includes £6.25 million in cash and the allotment of 254,237 new ordinary shares in Good Energy at 295 pence per share, subject to a 12-month lock-up followed by a 12-month orderly marketing period. An additional deferred consideration…
Delton Cables secures Rs 1.77 billion in orders for power cables in Q1 FY25
Delton Cables Ltd announced that it secured orders worth Rs 1.77 billion for power cables during the first quarter (April to June) of FY25. These orders are to be fulfilled over the next two years, with the company’s outstanding order book standing at Rs 2.94 billion as of June 30, 2024. In an investor presentation discussing its Q1 FY25 performance, Delton Cables highlighted its strategy to develop a pan-India presence and expand into new sectors,…
Graphic Packaging signs vPPA with Zelestra for 83 MW solar projects in Spain
Graphic Packaging International has signed a virtual Power Purchase Agreement (vPPA) with renewable energy company Zelestra to source clean energy from two solar projects in Spain, José Cabrera and Socovos II, totalling 83 MW. This agreement supports Graphic Packaging’s commitment to reducing its greenhouse gas emissions, aiming to cut Scope 1 and 2 GHG emissions by 50.4% by 2032. Under the agreement, Graphic Packaging will receive guarantees of origin for approximately 86% of the solar…
Andhra Pradesh to become energy-efficient state, says CM Naidu
Chief Minister N Chandrababu Naidu has announced plans to transform Andhra Pradesh into the most energy-efficient state in India. In a meeting with Energy Efficiency Services Limited (EESL) CEO Vishal Kapoor and other officials at the State Secretariat, Naidu outlined several initiatives aimed at improving energy efficiency across various sectors. The discussions focused on distributing energy-efficient household appliances to homes under the Pradhan Mantri Awas Yojana (PMAY) and providing e-cycles and energy-efficient appliances to government…