Author: Power Peak Digest Team Pub Date: January 30, 2025
Similar Posts
IEX records monthly electricity traded volume of 11,132 MU
Author: Power Peak Digest Team Pub Date: January 6, 2025 Indian Energy Exchange (IEX) set a new record in December 2024, trading 11,132 MU of electricity, marking a 29% year-on-year increase. The exchange also saw a 58% rise in renewable energy certificates (RECs), with 1.7 million RECs traded. For the first nine months of FY25, IEX’s electricity traded volume reached 88,981 MU, reflecting a 19% year-on-year growth. The third quarter saw a 16% increase in…
Azerbaijan awards first 100 MW solar project to Universal International
Author: Power Peak Digest Team Pub Date: November 26, 2024 Azerbaijan has concluded its first renewable energy auction, awarding a 100 MW solar project in the Garadagh region to Chinese company Universal International Holdings. The company secured the contract with a winning bid of $0.0354 per kilowatt hour (kWh). The auction, opened in April 2024 by Azerbaijan’s Ministry of Energy, was supported by the European Bank for Reconstruction and Development (EBRD). The announcement coincided with…
RWE acquires majority stake in R3 Renewables
Author: Power Peak Digest Team Pub Date: November 26, 2024 German energy group RWE has acquired a majority stake in R3 Renewables, a joint venture (JV) formed by US coal miner Peabody Energy, Summit Partners Credit Advisors (SPCA), and Riverstone Credit Partners. The deal, for an undisclosed sum, involves RWE taking over the shares of SPCA and Riverstone Credit Partners, with Peabody retaining a 25% stake in the JV. R3 Renewables focuses on repurposing former…
PFCCL incorporates SPV for North-Eastern Region transmission project
Author: Power Peak Digest Team Pub Date: December 10, 2024 PFC Consulting Limited (PFCCL), a wholly owned subsidiary of Power Finance Corporation Limited, has established a special purpose vehicle (SPV) named NER Expansion Transmission Limited. The SPV is tasked with developing the “North-Eastern Region Expansion Scheme-XXV Part-A (NERES-XXV Part-A).” The Ministry of Power has appointed PFCCL as the bid process coordinator to select a transmission service provider through a tariff-based competitive bidding process.
EAAIF, FMO, and DEG invest €84 million in Senegal solar projects
Author: Power Peak Digest Team Pub Date: November 14, 2024 The Emerging Africa & Asia Infrastructure Fund (EAAIF), the Dutch development bank FMO, and Deutsche Investitions- und Entwicklungsgesellschaft mbH (DEG) have collectively invested €84 million in two photovoltaic solar plants with battery storage systems in Senegal’s Kolda region. These projects, operated by Axian Energy, will have a combined capacity of 60 MW with 72 MWh of battery storage to stabilize the grid and support evening…
Nordex secures order for 19 turbines for Québec wind project
Author: Power Peak Digest Team Pub Date: November 13, 2024 The Nordex Group has received an order to supply 19 N163/5.X wind turbines for an undisclosed wind farm in Québec, Canada. Scheduled for delivery in summer 2026, the turbines will be mounted on 125-meter tubular steel towers and equipped with Nordex’s Advanced Anti-icing System, designed for cold climates to enhance performance during winter. This order is part of Nordex’s efforts to support high electricity production…