Author: Power Peak Digest Team Pub Date: October 24, 2024
Gensol Engineering Limited has incorporated three new subsidiaries: Innogrid Energy Private Limited, Hari Shakti Energy, and Shakti Sangini Energy Private Limited.
Gensol has subscribed to 10,000 equity shares in each subsidiary, representing 100 percent of their total share capital, with an investment of Rs 100,000 per company. These subsidiaries are now wholly-owned by Gensol Engineering.
Author: Power Peak Digest Team Pub Date: November 11, 2024 Tongyeong Eco Power’s combined-cycle power plant has commenced commercial operations in Gyeongsangnam-do, South Korea, with a capacity exceeding 1GW, supplying electricity to nearly one million households. The liquefied natural gas (LNG)-fueled plant aligns with South Korea’s strategy to transition from coal to LNG and includes a 200,000 cubic meter LNG storage tank. GE Vernova has provided critical components for the plant, including two 7HA.02 gas…
Author: Power Peak Digest Team Pub Date: November 18, 2024 Green Nation has announced plans for the Whitestone Solar Farm, a large-scale solar and energy storage project located between Rotherham and Doncaster in South Yorkshire. The facility, currently in the preliminary development phase, aims to contribute up to 750 MW to the UK’s National Grid. It also includes a battery energy storage system, with its capacity yet to be confirmed. Recognized as a Nationally Significant…
Author: Power Peak Digest Team Pub Date: November 14, 2024 esVolta has obtained a $110 million tax equity investment from Greenprint Capital Management to fund its 300 MWh Hummingbird battery energy storage project in San Jose, California. Set for completion in 2025, the project will provide Pacific Gas & Electric with resource adequacy capacity under a long-term contract and deliver fast-response energy and ancillary services to the California Independent System Operator (CAISO) market. These services…
Author: Power Peak Digest Team Pub Date: November 5, 2024 HydroWing, a division of Inyanga Marine Energy Group, has signed a binding agreement with a sub-holding of Indonesia’s state-owned power company, PLN (Perusahaan Listrik Negara), to develop the country’s first tidal energy project. The 10 MW tidal current power plant is planned for East Nusa Tenggara in the Indonesian archipelago. This partnership builds upon a 2022 Memorandum of Understanding between HydroWing and PLN aimed at…
Author: Power Peak Digest Team Pub Date: December 12, 2024 Solar Landscape, a US-based commercial and community solar developer, has raised $847 million in project investment and financing in 2024. This funding will support the deployment of over 200 rooftop solar installations across the country. Additionally, the company has secured contracts for developing solar projects on 40 million square feet of commercial and industrial rooftop space. The financing was raised through partnerships with 10 investors…
Author: Power Peak Digest Team Pub Date: December 3, 2024 Sterling and Wilson Renewable Energy Ltd (SWREL) has secured a Rs 5.04 billion contract to develop a solar photovoltaic (PV) plant in Rajasthan. The project, awarded by an independent power producer, involves the supply, installation, and commissioning of a 305 MW AC / 396 MWp DC PV system.