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ACCIONA Energía acquires 300 MW of wind capacity in Texas
ACCIONA Energía has acquired two wind farms in Texas, Green Pastures I and Green Pastures II, each with a capacity of 150 MW. Located in Baylor and Knox Counties, these fully operational projects were acquired from private asset management firms for $202.5 million, boosting ACCIONA’s total installed capacity in the US. The two wind farms are integrated into the Electric Reliability Council of Texas (ERCOT) grid, which handles 90% of Texas’s electricity. Together, they will…
PGCIL commissions NERSS-XII project
Power Grid Corporation of India Limited (PGCIL) has commissioned the North Eastern Region Strengthening Scheme-XII (NERSS-XII) project, effective 2 November 2024. The notification for commercial operation was received on 23 November 2024. NERSS-XII is an interstate transmission scheme aimed at enhancing the power infrastructure in India’s North-East region. PGCIL developed the project for Rs 5.76 billion.
KPI Green Energy receives LoI for 13.3 MW solar projects
KPI Green Energy has announced that it has received Letters of Intent (LoI) for developing 13.30 MW of green energy projects. The projects will be executed by the company’s wholly-owned subsidiary, Sun Drops Energia, as stated in a regulatory filing. These solar power projects, with a total capacity of 13.30 MW, will be developed under the Captive Power Producer (CPP) business segment. The projects are set to be completed in various tranches during the financial…
Energy Vault to build 57MW battery storage project in Texas
Energy Vault has announced plans for a 57MW/114MWh battery energy storage system (BESS), named Cross Trails BESS, to be built in Scurry County, Texas. Construction is scheduled to begin in Q1 2025, with commercial operations expected by mid-2025. Energy Vault will build, own, and operate the project using its X-Vault integration platform, UL9540-certified B-VAULT product, and VaultOS energy management system, offering flexibility for both AC and DC-coupled configurations. The project aims to boost renewable energy…
Vena Energy and LINE Yahoo sign VPPA for solar project in Japan
Vena Energy and LINE Yahoo Corporation (LYC) have signed a virtual power purchase agreement (VPPA) for the 72 MW Maniwa Solar Project, which will be built on a repurposed golf course in Maniwa City, Okayama Prefecture. The project is expected to be operational by 2026. The clean energy generated will be traded on the Japan Electric Power Exchange (JEPX) via Digital Grid Corporation, enabling LYC to power part of its operations with clean energy. The…
REC disburses Rs 546.92 billion in Q3 FY25
REC Limited disbursed Rs 546.92 billion in loans during Q3 FY25, marking a 17.98% year-on-year increase. Renewable energy loan disbursements grew by 58.09% to Rs 63.14 billion. For the first nine months of FY25, REC disbursed Rs 1,456.47 billion, a 19.30% rise from Rs 1,220.89 billion in FY24. Renewable energy loans during this period totalled Rs 176.12 billion, reflecting a 78.68% year-on-year growth.