|

Elapath Energy and RenewableErgon to develop 150 MW solar project in Taiwan

By

Elapath Energy and RenewableErgon are set to develop a 150 MW solar project in Budai, Chiayi County, Taiwan, with an estimated investment of $250 million. 

The project is slated to begin its first phase in December 2024, pending approval from Taiwan’s Energy Administration under the Ministry of Economic Affairs (MOEA), and is expected to be completed by February 2025.

RenewableErgon, a blockchain-based platform, integrates smart contracts, dynamic electricity pricing, and investment opportunities in renewable projects. It has previously supported solar initiatives in Cambodia, Singapore, and Taiwan, allowing investors to purchase energy shares per kWh with a minimum investment of $5,000.

In April 2024, Taiwan’s renewable energy sector marked a major development as GreenRock Energy partnered with Solarvest to develop 1 GW of renewable projects across Taiwan and Malaysia, focusing on agrivoltaic and aquavoltaic projects in Taiwan with a 500 MW target capacity.

Similar Posts

|

Europe’s electrification stagnates as industrial slowdown impacts power demand

By

A new report by Eurelectric, titled Power Barometer 2024, reveals that Europe’s electrification rate has stagnated at 23% for the past decade, falling short of its 50% target by 2040. The stagnation is largely driven by an industrial slowdown and decreased electricity demand, with EU power consumption dropping by 7.5% between 2021 and 2023. Industries have struggled to electrify, with only a third of their energy consumption coming from electricity, and just 4% of process…

|

India to broaden sustainable finance framework, boosting ESG-labeled bonds

By

India’s market regulator, the Securities and Exchange Board of India (SEBI), plans to expand its sustainable finance framework to include a wider range of ESG-labeled instruments, potentially enhancing the market for such products in Asia. SEBI is consulting on the introduction of social bonds, as well as sustainable and sustainability-linked bonds, to complement the existing suite of environmental, social, and governance (ESG) debt. The proposed changes also include incorporating eligible asset-backed securities and requiring independent…

|

PM Modi inaugurates 30 MW solar system and BESS project in Kutch

By

On September 16, 2024, Prime Minister Narendra Modi inaugurated key infrastructure projects in Gujarat, including a 30 MW solar system and a 35 MW Battery Energy Storage System (BESS) Solar PV Project at Kutch Lignite Thermal Power Station in Kutch. Additionally, he inaugurated 220 kV substations in Morbi and Rajkot. These projects form part of a broader development initiative, totaling over Rs 80 billion across multiple sectors.

|

Adani Power reports 50% drop in Q2 FY25 net profit despite revenue increase

By

Adani Power Ltd reported a nearly 50% year-on-year drop in net profit for Q2 FY25, with earnings at Rs 33.17 billion, down from Rs 66.16 billion in the same quarter last year.  However, revenue from operations rose by 2.68% to Rs 133.39 billion, up from Rs 129.91 billion in Q2 FY24. EBITDA increased by 24.6% to Rs 54.02 billion, driven by higher sales volumes and reduced fuel and operating costs. The company noted that power…

|

BHEL wins Rs 61 billion order from NTPC for Sipat thermal power project

By

Bharat Heavy Electricals Ltd (BHEL) has announced a major order worth over Rs 61 billion from NTPC Ltd for an EPC package at the 1×800 MW Sipat supercritical thermal power project (Stage III) in Bilaspur district, Chhattisgarh. The order includes the supply of equipment such as boilers and turbine generators, along with erection, commissioning, and civil works. The contract was awarded through international competitive bidding. The project is scheduled for completion by September 20, 2028,…

|

RWE secures 4 GW offshore wind sites in North Sea for €250 million

By

RWE has secured two offshore wind sites in the North Sea, with a combined capacity of 4 GW, in the latest auction held by the German Federal Network Agency. The sites, N-9.1 and N-9.2, are located between 110 km and 115 km northwest of Borkum island, near the Dutch Exclusive Economic Zone. RWE’s winning bid for these sites amounted to €250 million. Each site is capable of supporting offshore wind farms with a capacity of…

Leave a Reply

Your email address will not be published. Required fields are marked *