Synera Renewable secures permit for Formosa 4 wind project in Taiwan
Author: PPD Team Date: 21/11/2024
Author: PPD Team Date: 21/11/2024
Synera Renewable Energy (SRE) has received an establishment permit from Taiwan’s Energy Administration for its 495MW Formosa 4 Offshore Wind Project, marking a key milestone in Taiwan’s Phase 3 Zonal Development of Offshore Wind.
Located off Miaoli County, Formosa 4 is the first project in this auction round to secure a local government letter of consent, a vital step toward the final establishment permit.
Once operational, Formosa 4 will power over 500,000 households, making it SRE’s third offshore wind initiative in Taiwan.
SRE Chair Lucas Lin expressed gratitude to Taiwan’s authorities and reaffirmed the company’s commitment to advancing the energy transition.
In August 2024, Taiwan’s Ministry of Economic Affairs allocated 2.7GW of offshore wind capacity across five projects, including SRE’s 800MW Formosa 6, Shinfox’s 700MW Youde, and others led by Copenhagen Infrastructure Partners, Corio with TotalEnergies, and Enervest.
Author: PPD Team Date: 24/03/2025 The Ministry of Power (MoP) has directed all states and implementing agencies to finalise the awarding of battery energy storage system (BESS) contracts by June 2025. This move aims to ensure the completion of the viability gap funding (VGF) programme by May 2027. Once contracts are awarded, the programme will require 18 to 24 months for implementation. Due to declining BESS prices, the initial target of 4,000 MWh has been…
Author: PPD Team Date: 16/09/2024 Sunsure Energy has signed a power purchase agreement (PPA) to provide 21 MW (31.5 MWp) of solar power to pharmaceutical giant Lupin. The power will be sourced from Sunsure’s 100 MW (150 MWp) solar plant in Solapur, Maharashtra, boosting renewable energy use across Lupin’s Tarapur facility. Sunsure is also developing 500 MW of solar and wind energy parks in Maharashtra, with additional PPAs signed with companies such as KSB Pumps,…
Author: PPD Team Date: 16/12/2024 Westinghouse Electric Company and BWXT Canada have signed a memorandum of understanding (MoU) to collaborate on nuclear new-build projects in Canada and globally. BWXT Canada will manufacture key components for Westinghouse’s AP1000 and AP300 reactors, including steam generators and reactor vessels. This partnership strengthens Westinghouse’s AP1000 and AP300 initiatives, leveraging BWXT Canada’s expertise in pressurised water reactor steam generators and nuclear fuel. Westinghouse anticipates that each AP1000 unit built outside…
Author: PPD Team Date: 14/11/2024 IndiGrid, British International Investment (BII), and the Norwegian Climate Investment Fund managed by Norfund have established EnerGrid, a $300 million platform focused on greenfield transmission and standalone battery energy storage system (BESS) projects in India. Each partner will invest $100 million, with EnerGrid aiming to develop projects valued at approximately $1.2 billion over the next several years. Once operational, IndiGrid will acquire these projects at a pre-agreed enterprise value. IndiGrid’s…
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Author: PPD Team Date: 14/11/2024 IndiGrid, British International Investment (BII), and the Norwegian Climate Investment Fund managed by Norfund have established EnerGrid, a $300 million platform focused on greenfield transmission and standalone battery energy storage system (BESS) projects in India. Each partner will invest $100 million, with EnerGrid aiming to develop projects valued at approximately $1.2 billion over the next several years. Once operational, IndiGrid will acquire these projects at a pre-agreed enterprise value. IndiGrid’s…
Author: PPD Team Date: 21/11/2024 NTPC has outlined an ambitious plan to invest Rs 5 trillion in green energy by 2030, led by its renewable energy subsidiary, NTPC Green Energy Ltd. (NGEL). To support its projects, NGEL is set to launch an initial public offering (IPO) worth Rs 100 billion, focusing on renewable energy generation, green hydrogen, sustainable fuels, and energy storage. The company aims to add 60 GW of renewable energy capacity by 2032,…
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