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Adani Power establishes subsidiary in Abu Dhabi to expand in Middle East
Adani Power has established a wholly-owned subsidiary, Adani Power Middle East, in Abu Dhabi. The new entity was incorporated on 26 August 2024 with an authorized capital of 27,000 shares, each valued at $1. This move is part of Adani Power’s strategy to invest in power, infrastructure, and related fields in the Middle East. Adani Power, a part of the Adani Group, is India’s largest private thermal power producer. The company reported a 55.33% decline…
SECI’s latest solar tender shakes up market with Rs 4.98 tariff for 630 MW
The Solar Energy Corporation of India’s (SECI) recent renewable energy tender has stirred the solar market, setting a tariff rate of Rs 4.98-4.99 per unit for 630 megawatts (MW) of solar power. This power will be supplied to BSES Rajdhani Power, BSES Yamuna Power, and Gift City in Gandhinagar. Vena Energy, Hero Future Energies, Hexa Climate, JSW Energy, and Serentica Renewables secured the bids, with JSW Energy winning 230 MW at Rs 4.98 per unit,…
RWE, TotalEnergies partner for 4 GW offshore wind projects off German coast
RWE has partnered with TotalEnergies to develop two offshore wind projects with a combined capacity of 4GW off the coast of Germany. TotalEnergies will acquire a 50% equity stake in both projects, marking a significant collaboration in renewable energy. The projects, identified as N-9.1 and N-9.2, are located between 110km and 115km northwest of Borkum Island. Each site has a potential capacity of 2GW. Investment decisions are expected in 2027 for N-9.1 and 2028 for…
India signs MoU with IEA for critical minerals cooperation
The Ministry of Mines has signed a memorandum of understanding (MoU) with the International Energy Agency (IEA) to advance cooperation in critical minerals. This agreement, recently approved by the Cabinet, will grant India access to IEA’s data, analysis, and policy recommendations, aiding in refining policies, regulations, and investment strategies to align with global standards. The collaboration is expected to enhance India’s technical capabilities and institutional strength in the critical mineral sector, fostering capacity building and…
BOEM finalises environmental review for wind leases in New York Bight
The US Bureau of Ocean Energy Management (BOEM) has completed an environmental review for six wind lease areas in the New York Bight, potentially generating up to 7GW of offshore wind energy. This development supports the Biden-Harris administration’s goal of deploying 30GW of offshore wind capacity by 2030. The lease areas span 488,000 acres off the coasts of New York and New Jersey, with the potential to supply power to two million homes. BOEM’s review,…
EDC allocates USD434 million to expand Southern Negros Geothermal Project
Energy Development Corporation (EDC) has committed USD434 million to expand the Southern Negros Geothermal Project (SNGP). The investment will support new well drilling, pad expansion, road and pipeline network upgrades, and the integration of emerging technologies. Currently, the SNGP operates at a dependable capacity of 221.8 MW across multiple geothermal plants, with this expansion set to strengthen infrastructure and increase output.