Similar Posts
Tata Power to invest Rs 5.5 billion in renewable energy for Noida Airport
Tata Power has committed Rs 5.5 billion towards establishing solar and wind power capacities to supply clean energy to Noida International Airport (NIA) in Uttar Pradesh. The company has signed two power purchase agreements with NIA, supporting the airport’s sustainable energy infrastructure. Through its subsidiary, Tata Power Trading Company (TPTCL), Tata Power will provide 10.8 MW of wind energy, while Tata Power Renewable Energy (TPREL) will develop, operate, and maintain a 13 MW onsite solar…
Adani Group plans 10 GW of overseas hydroelectric projects
Adani Group is planning to develop 10 gigawatts (GW) of hydroelectric projects overseas in the coming years as part of its strategy to reach net zero carbon emissions by 2050. The conglomerate, led by billionaire Gautam Adani, is exploring projects in countries like Nepal, Bhutan, Kenya, Tanzania, the Philippines, and Vietnam, according to sources familiar with the plans. The group is particularly interested in regions with favourable topography and growing demand for hydropower. The move…
IEX posts 24% growth in trading volume, REC prices hit all-time low in September 2024
The Indian Energy Exchange (IEX) recorded a total trading volume of 11,370 million units (MU) in September 2024, a 24% year-on-year increase. The electricity volume, including green electricity, rose by 21% year-on-year to 10,332 MU. Trading volume in renewable energy certificates (REC) doubled to 1,031 MU compared to the previous year. On September 25, 2024, the REC market saw an all-time low price of Rs 110 per certificate, offering obligated entities like discoms and captive…
Taiwan awards 2.7GW in latest offshore wind auction
Taiwan’s Ministry of Economic Affairs (MOEA) has allocated 2.7GW of capacity to five wind farm projects in its latest round 3.2 offshore auction. The awarded projects include Shinfox’s 700 MW Youde, Synera Renewable Energy Group’s (SRE) 800 MW Formosa 6, Copenhagen Infrastructure Partners’ 600 MW Fengmiao 2, Corio and TotalEnergies’ 360 MW Formosa 3 joint-venture, and Enervest’s 240 MW Deshuai. Notably, Ørsted’s 570 MW Greater Changhua 3 proposal was not selected despite ranking third in…
Malaysia’s power utility partners with Keppel to supply 100 MW in cross-border deal
Malaysia’s state-owned power utility has entered into a key cross-border agreement with Keppel Renewable Energy to supply up to 100 MW of electricity. This comes after Singapore’s Energy Market Authority (EMA) extended Keppel’s licence to import electricity until 2026. This initiative is part of the Lao PDR–Thailand Malaysia–Singapore Power Integration Project (LTMS-PIP), launched in June 2022 as the first multilateral cross-border renewable energy trading among four ASEAN nations. An initial two-year agreement between Keppel and…
BW ESS acquires full stake in Penso Power
BW ESS has acquired the remaining stake in Penso Power, integrating their engineering, project delivery, and commercial capabilities to enhance utility-scale energy storage worldwide. Financial details of the deal were not disclosed. Penso Power’s founders will join the merged entity’s senior management team. BW ESS’s acquisition adds over 2GW of Penso Power’s energy storage pipeline in the UK and Australia, increasing its total pipeline to 5GW across multiple regions. The companies are currently constructing the…