Author: Power Peak Digest Team Pub Date: January 2, 2025
Similar Posts
Scatec signs PPA for 1 GW solar and 100 MW battery storage project in Egypt
Author: Power Peak Digest Team Pub Date: September 19, 2024 Norwegian energy company Scatec has signed a power purchase agreement (PPA) with the Egyptian Electricity Transmission Company for a 1 GW solar and 100 MW/200 MWh battery storage project in Egypt. The 25-year, USD-denominated agreement marks Egypt’s first hybrid solar and battery energy storage system. Scatec will manage the engineering, procurement, and construction, along with asset management, operations, and maintenance services. The company aims to…
JSW Energy acquires renewable energy assets from Hetero Group
Author: Power Peak Digest Team Pub Date: January 14, 2025 JSW Energy’s subsidiary, JSW Neo Energy, has acquired 125 MW of renewable energy assets from Hetero Group for an enterprise valuation of Rs 6.3 billion. The portfolio includes wind power projects in Andhra Pradesh and Maharashtra, with long-term power purchase agreements. The acquisition was made through three Special Purpose Vehicles (SPVs) owned by Hetero Labs Ltd and Hetero Drugs Ltd. The portfolio has a blended…
Desert Quartzite solar+storage project achieves operational status
Author: Power Peak Digest Team Pub Date: February 5, 2025 EDF Renewables North America (EDFR) and Power Sustainable Energy Infrastructure (PSEI) have announced the operational status of their Desert Quartzite solar+storage project in Riverside County, California. The project has a solar capacity of 375 MWdc/300 MWac and an energy storage capacity of 150 MWac/4 hours, delivering power to the Clean Power Alliance under a 20-year power purchase agreement. Located on Federal lands managed by the…
Swedish court approves Hydro Energi’s PPA settlement with Markbygden
Author: Power Peak Digest Team Pub Date: November 4, 2024 Norwegian renewable company Hydro Energi has settled its long-term power purchase agreement (PPA) with Swedish wind farm operator Markbygden Ett. Originally signed in 2017, the PPA was intended to supply 1.65 TWh annually from 2021 to 2039, backing the financing of Markbygden’s onshore wind park in northern Sweden, which had a projected output of 2.2 TWh per year. However, due to financial difficulties, Markbygden Ett…
HydroWing and PLN to develop Indonesia’s first tidal energy plant
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…
Equinor cuts 20% of renewables workforce amid offshore wind challenges
Author: Power Peak Digest Team Pub Date: November 26, 2024 According to a report by Reuters, Norway’s Equinor is reducing its renewables workforce by 20%, approximately 250 full-time roles, due to challenges in the offshore wind sector. These challenges include cost inflation, high interest rates, and supply chain issues. Employees directly employed by the parent company will be offered roles in other business areas to minimize the number of layoffs. The company, which plays a…