|

Hindustan Zinc to procure 530 MW of RE from Serentica Renewables

By

Hindustan Zinc has entered into a group captive arrangement with Serentica Renewables to secure 530 MW of round-the-clock (RTC) renewable power.

The agreement involves Hindustan Zinc investing Rs 3.27 billion to acquire a 26% stake in Serentica and its affiliates. Serentica will develop captive renewable energy projects across India to supply power to Hindustan Zinc over 25 years, with projects commissioned in phases starting from 2027. This arrangement, which includes two previous power delivery agreements, has received approval from Hindustan Zinc’s board.

Earlier, in July 2024, Hindustan Zinc began integrating clean energy from Serentica’s Bikaner project in Rajasthan, securing 450 MW of RTC renewable power to support its operations. In March 2024, Serentica secured a Rs 35 billion foreign currency loan from an overseas commercial bank to fund its RTC renewable energy initiatives in India.

Similar Posts

|

Avantus sells Catclaw Solar and Energy Storage Project to DESRI

By

Avantus has announced the sale of its Catclaw Solar and Energy Storage Project to D.E. Shaw Renewable Investments (DESRI). Situated in Buckeye, Arizona, the Catclaw project includes up to 225 MWac of solar power and 250 MW/1,000 MWh of energy storage, accompanied by a long-term Power Purchase Agreement (PPA) with Arizona Public Service (APS). Avantus spearheaded the initial development, handling interconnection, site acquisition, permitting, commercial negotiations with APS, and securing key equipment like batteries.  Catclaw…

|

NCT deliberates subsea HVDC line for Andaman & Nicobar Islands 

By

The National Committee on Transmission (NCT) is considering a subsea High Voltage Direct Current (HVDC) line to meet the rising power demand in the Andaman & Nicobar Islands (ANI). This project aims to address ANI’s projected peak demand of 79 MW by FY30 and reduce reliance on diesel generators, which currently supply a significant portion of the Union territory’s power. The proposed HVDC link will deliver electricity from Paradeep, Odisha, through a ±320kV, 500-MW HVDC…

|

BHEL secures contract for Telangana Stage-II thermal power plant

By

Bharat Heavy Electricals Ltd (BHEL) has secured a contract from NTPC Ltd to establish the main plant package for the 3×800 MW Telangana Stage-II supercritical thermal power plant.  The contract encompasses design, engineering, manufacturing, supply, erection, commissioning, and civil construction.  BHEL has received a Limited Notice to Proceed (LNTP) from NTPC to commence basic engineering work for the main plant package. Before this contract, BHEL had contributed to over 57% of NTPC’s thermal power installations…

|

OX2 to manage Piiparinmaki wind farm, Finland, for Nuveen

By

Renewable energy solutions provider OX2 has entered into an asset management agreement with Nuveen Infrastructure to manage the Piiparinmaki wind farm in Finland. OX2 will oversee the facility’s technical, commercial, and financial management, which began commercial production in the summer of 2022, to maximize its performance. Nuveen Infrastructure, the private infrastructure investment arm of global asset manager Nuveen, manages $1.2 trillion in assets. Jordi Francesch, managing director of Nuveen Infrastructure Asset Management, expressed enthusiasm for…

|

Recurrent Energy signs two tolling agreements with APS

By

Canadian Solar’s subsidiary Recurrent Energy has signed two 20-year tolling agreements with Arizona Public Service Company (APS), set to boost Arizona’s renewable energy capacity by 2026.  The agreements cover the Desert Bloom Storage (600MWh) and Papago Solar (150MWac) projects, both located in Maricopa County, with construction starting in 2025 and operations slated for 2026. These projects join last year’s 20-year tolling agreement for the 1,200MWh Papago Storage project, which will become Arizona’s largest standalone energy…

|

North Falls offshore wind farm DCO application accepted for examination by UK Planning Inspectorate

By

SSE Renewables has announced that the development consent order (DCO) application for the North Falls offshore wind farm has been accepted for examination by the UK’s Planning Inspectorate. North Falls is a joint venture between RWE Offshore Wind and SSE Renewables. The DCO application, submitted in July 2024, moves the project into the pre-examination phase, with the formal examination set to begin in early 2025. North Falls is a proposed extension to the Greater Gabbard…

Leave a Reply

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