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Octopus Energy completes acquisition of UK renewables developer Exagen Group
Octopus Energy Generation has fully acquired UK-based renewables and energy storage developer Exagen Group from its founder, Jeremy Littman. Exagen’s development pipeline includes over 2.4GW of solar and energy storage projects across England. This acquisition will accelerate the execution of these projects, furthering the UK’s renewable energy goals. Littman expressed pride in the progress made by Exagen, highlighting the company’s mission to fight climate change. Octopus had initially invested in Exagen with a 24% stake…
Inox Wind wins 550 MW wind project from IGREL Renewables
Inox Wind (IWL) has received a letter of intent (LoI) from IGREL Renewables to execute 550 MW of wind capacity on a turnkey basis. The project, to be completed within 24 months, will cover multiple sites in Gujarat, Rajasthan, and Madhya Pradesh. IWL will handle the supply, installation, and commissioning of wind turbine generators (WTGs), along with providing multi-year operations and maintenance (O&M) services post-commissioning. This latest order adds to a previous 200 MW order,…
Jakson Green signs Rs 14.2 billion MoU with REC for solar IPP projects
Jakson Green has signed a memorandum of understanding (MoU) worth Rs 14.2 billion with REC Limited to develop solar independent power producer (IPP) projects. This investment aims to boost renewable energy capacity, reduce fossil fuel reliance, and lower carbon emissions, supporting India’s net zero goals and promoting a sustainable economy.
ArcelorMittal Brazil to develop 465 MW of solar energy projects
ArcelorMittal Brazil has announced contracts to develop two solar energy projects with a combined capacity of 465 MW, covering 14% of its electricity needs. The first project, in partnership with Casa dos Ventos, involves a 200 MW solar power plant in Bahia. The second, in collaboration with Atlas Renewable Energy, is a 265 MW solar power plant in Minas Gerais. Both projects are pending regulatory approval.
Google signs deal with Kairos for 500MW nuclear projects by 2035
Google has signed a master plant development agreement with Kairos Power to generate clean energy for its AI data centres using small modular nuclear reactors (SMRs). The agreement outlines a plan to deploy 500MW of advanced nuclear power projects across the US by 2035. Kairos Power will oversee the development, construction, and operation of a series of advanced reactor plants, providing Google with energy, ancillary services, and environmental attributes through power purchase agreements. The first…
PGCIL secures LoIs for two ISTS schemes in Rajasthan
Power Grid Corporation of India Ltd (PGCIL) has received letters of intent (LoIs) for two interstate transmission system (ISTS) schemes for evacuating renewable energy from Rajasthan’s Renewable Energy Zone (REZ) Phase IV (6 GW) [Bikaner complex]. The LoIs were issued on October 21, 2024, with PGCIL confirming the notifications on October 22, 2024. The two schemes are: Transmission system for evacuation of power from Rajasthan REZ Phase IV (Part-3: 6 GW) [Bikaner complex]: Part A-…