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GE Vernova and Lizard Renewables launch Alva Power to develop 1 GW of RE projects in Italy

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GE Vernova and Lizard Renewables have announced the creation of Alva Power, a 50-50 joint venture aimed at advancing Italy’s electrification and decarbonization goals. Alva Power will focus on developing over 1 GW of wind, battery energy storage systems (BESS), and photovoltaic (PV) solar projects, initially targeting onshore wind projects in Italy. The joint venture combines GE Vernova’s financial and technological strengths with Lizard’s regional network to drive new renewable energy initiatives.

In the future, Alva Power may expand its project development efforts beyond Italy. Earlier this year, GE Vernova secured a €700 million contract with Copenhagen Infrastructure Partners to supply turbines for Spain’s 760 MW Teruel wind project.

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CTUIL approves Rs 4 billion interstate transmission schemes under RTM

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The Central Transmission Utility of India Ltd (CTUIL) has approved seven interstate transmission system (ISTS) schemes worth nearly Rs 4 billion under the regulatory tariff mechanism (RTM). Announced on September 13, 2024, these projects, located across the eastern, western, and northern regions, will be executed by Power Grid Corporation of India Ltd (PGCIL) or its TBCB subsidiaries. The schemes, each costing under Rs 1 billion, include: Implementation of 220kV line bays for a 500-MW renewable…

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Ocean Winds selects Wood Thilsted for Caledonia Offshore Wind Farm turbine foundation design

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Ocean Winds (OW) has appointed Wood Thilsted to develop the structural concept design for turbine foundations at its 2 gigawatt (GW) Caledonia Offshore Wind Farm in the Moray Firth, Scotland. Under this contract, Wood Thilsted will utilize ground and metocean data collected over the past two years from the 429 square kilometre Caledonia site. This data will inform the modeling and design of the preferred foundation concepts. The engineering consultancy will leverage insights from Ocean…

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Tamil Nadu plans small hydropower projects on major rivers

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The Tamil Nadu Green Energy Corporation (TNGEC) is planning to set up small hydropower plants on major rivers such as Cauvery and Vaigai, as well as smaller rivers like Adyar and Cooum, which will utilize the run-off water during the monsoon season. This initiative is part of the state’s new small hydropower policy. TNGEC plans to conduct feasibility studies on various riverbeds for hydropower plants with capacities ranging from 100 kW to 10 MW. These…

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Uber Technologies, BYD announce partnership for 100,000 EVs

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Uber Technologies and BYD Company Limited have announced a multi-year partnership to introduce 100,000 new BYD electric vehicles (EVs) onto the Uber platform across key global markets. Starting in Europe and Latin America, the initiative will expand to the Middle East, Canada, Australia, and New Zealand. This partnership aims to provide Uber drivers with access to competitive pricing and financing for BYD vehicles, accelerating the adoption of EVs on the Uber platform. Both companies are…

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PFC posts Rs 72.15 billion profit in Q2 2024-25

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Power Finance Corporation Limited (PFC) reported a net profit of Rs 72.15 billion for the quarter ending September 2024, an 8.86 per cent increase from Rs 66.28 billion in the same quarter last year.  The company’s total income also rose by 15.04 per cent, reaching Rs 257.55 billion compared to Rs 223.87 billion in the previous year’s corresponding period.

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Silicon Ranch’s Scotford Solar Farm achieves commercial operation in Alberta, Canada

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Silicon Ranch, a leading independent power producer specializing in solar energy and related technologies, has announced that its 58-megawatt (MWAC) Scotford Solar Farm near Edmonton, Alberta, has reached commercial operation. This facility is the largest behind-the-meter solar project in Canada and will supply Shell’s Energy and Chemicals Park, Scotford with renewable energy, meeting approximately 20% of the refinery’s energy needs for the next 25 years and providing 100% of its electricity needs at peak capacity….

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