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Sunsure Energy secures Rs 2.26 billion in financing from Tata Capital for solar projects in Uttar Pradesh
Sunsure Energy Private Limited has reportedly secured Rs 2.26 billion in long-term debt financing from Tata Capital to support its portfolio of open-access solar projects in Uttar Pradesh. These projects, with a combined operational capacity of 75 MWp, are financed through five special purpose vehicles (SPVs) and are strategically distributed across the state. The solar projects are already supplying clean energy to several prominent industrial consumers, contributing to a greener energy future by offsetting approximately…
REC to finance Rs 3 trillion for infrastructure projects in Rajasthan
REC Limited has signed a Memorandum of Understanding (MoU) with the Government of Rajasthan during the “Rising Rajasthan Investors Meet.” As part of the agreement, REC will increase its annual financing from Rs 200 billion to Rs 500 billion for power and non-power infrastructure projects in the state. The six-year MoU, running until 2030, is valued at Rs 3 trillion.
GPC and CNBM to expand renewable energy projects in Europe
GoldenPeaks Capital (GPC) and China National Building Material Group (CNBM) have announced plans to expand their renewable energy partnership, targeting 1GW of solar projects annually across Europe. This collaboration, building on a five-year partnership, will extend into new markets including Germany, Italy, and Greece. GPC, already active in Poland and Hungary with 800 MW of renewable energy projects and 1.4GW under development, aims to increase its presence in Western Europe, particularly in Bavaria, Germany. CNBM,…
GE Vernova expands HVDC manufacturing in UK
GE Vernova has announced a major expansion of its manufacturing facilities in Stafford, UK, to meet growing global demand for high-voltage direct current (HVDC) transmission systems, essential for transmitting renewable energy across Europe, Asia, and North America. The expansion focuses on two key Stafford sites within GE Vernova’s electrification systems grid solutions business. The HVDC facility at Redhill will double its valve manufacturing capacity, adding a new voltage-sourced converter valve assembly line. The transformer facility,…
PPA and DOE partner to modernize ports for offshore wind development
The Philippine Ports Authority (PPA) has teamed up with the Department of Energy (DOE) to support offshore wind project development by upgrading key port infrastructure. PPA will design and repurpose three priority ports: the Port of Currimao in Ilocos Norte, the Port of Batangas, and the Port of Jose Panganiban in Camarines Norte. The Port of Currimao is near 13 offshore wind energy service contracts (OWESCs) with a potential capacity of 9,489 MW, while the…
L&T secures major orders in Middle East and Africa
The Power Transmission & Distribution (PT&D) division of Larsen & Toubro (L&T) has won significant new orders to expand and strengthen high-voltage electricity grids across the Middle East and Africa. These orders include implementing an Energy Management System to enhance national electricity networks. One notable contract involves a consortium-led project with a leading equipment manufacturer to build Kenya’s National System Control Centre. This transmission hub will play a key role in managing power flow, integrating…