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REC forms eight SPVs for interstate transmission projects
The board of REC Ltd has approved the establishment of eight special purpose vehicles (SPVs) for the development of interstate transmission system (ISTS) schemes. In a stock exchange filing, REC stated that the board, during a meeting on September 30, 2024, authorized the formation of these SPVs as wholly-owned subsidiaries of REC Power Development & Consultancy Ltd (RECPDCL), which is itself a wholly-owned subsidiary of REC Ltd. These SPVs will serve as shell companies for…
ADB grants USD 15 million for Tajikistan’s power grid
The Asian Development Bank (ADB) has approved an additional USD 15 million grant to aid Tajikistan’s efforts in reconnecting its power grid with the Central Asian Power System (CAPS) and enhancing interconnections with Uzbekistan. This follows the signing of a power trade agreement aimed at restarting electricity trade between the two countries, marking progress toward a renewed regional energy network. The ADB-supported project includes the construction of a new 22 km, 500 kV transmission line…
Seaway7 to provide ScottishPower’s East Anglia offshore cables
ScottishPower Renewables has awarded Seaway7 a contract for the transport and installation of inter-array cables for the 960 MW East Anglia TWO offshore wind project, located 33 km off England’s east coast in the North Sea. The contract involves the engineering, supply, and installation of 64 inter-array cables, with project execution managed from Seaway7’s Aberdeen office. Offshore operations are scheduled to commence in 2027. Awarded in the UK government’s Contracts for Difference (CfD) round in…
Korean researchers achieve breakthrough in perovskite solar cell efficiency
Researchers from Chung-Ang University in South Korea have significantly boosted the efficiency of tin halide perovskite (Sn-HP) solar cells using 4-phenylthiosemicarbazide (4PTSC) as an additive. Led by Associate Professor Dong-Won Kang, the team achieved a record efficiency of 12.22 per cent. 4PTSC enhances Sn-HP solar cells by controlling crystal formation, passivating defects, and protecting against oxidation and moisture. This additive helps address the stability and conversion efficiency issues typically associated with Sn-HPs, which are less…
Fortis Energy secures permits for 509.4 MW wind projects in Serbia
Fortis Energy has obtained preliminary permits for three wind projects in Serbia, totalling 509.4 MW. These projects will generate 1.5 billion kWh of renewable energy annually, enough to power 750,000 households and prevent 350,000 tons of carbon emissions each year. EMS (Elektromreža Srbija) has confirmed grid connections for Fortis’ 171 MW Vranje and 194.4 MW Gornjak wind parks, while the 144 MW Juhor wind park is still undergoing the preliminary licensing process. Wind measurements and…
RWE, Salzgitter Group sign 64 GWh green electricity PPA
RWE Supply & Trading and the Salzgitter Group have signed a seven-year power purchase agreement (PPA) for 64 GWh of green electricity annually, starting in 2027. The electricity will be sourced from the 180 MW Boitzenburger Land solar park in Brandenburg, one of Germany’s largest photovoltaic systems, operational since autumn 2023. The solar park, covering 170 hectares, is owned by Solarenergie Boitzenburger Land GmbH, GP JOULE Group, and Mainova AG. The park’s electricity is marketed…