|

GE Vernova to acquire Woodward’s heavy-duty gas turbine parts business

Global, News

GE Vernova, Inc. has announced a definitive agreement to acquire Woodward, Inc.’s heavy-duty gas turbine combustion parts business in Greenville, South Carolina. The acquisition aligns with GE Vernova’s strategy to invest in U.S. manufacturing and strengthen its domestic supply chain to meet the growing global demand for heavy-duty gas turbines and upgrades. Eric Gray, President & CEO of GE Vernova’s Gas Power business, emphasized the importance of integrating this capability to enhance domestic manufacturing and…

|

TAQA, JERA, and AlBawani to develop 3.6 GW power plants in Saudi Arabia

Global, News

The consortium of Abu Dhabi National Energy Company (TAQA), JERA Co., Inc., and AlBawani Capital has signed two 25-year power purchase agreements (PPAs) with the Saudi Power Procurement Company (SPPC) to develop the 1.8 GW Rumah 2 Independent Power Project (IPP) and the 1.8 GW Al Nairyah 2 IPP. These greenfield combined cycle gas turbine (CCGT) power plants will have a total capacity of 3.6 GW, using advanced high-efficiency gas turbines and supporting carbon capture…

|

Fidra Energy and Sungrow partner on 4.4GWh BESS projects in the UK

Global, News

Sungrow announced that it has signed a strategic agreement with Fidra Energy to deliver 4.4 GWh of energy storage capacity. This is part of Fidra’s goal to establish a 10GW battery energy storage system (BESS) platform across the UK and Europe by 2030. Sungrow will supply its PowerTitan 2.0 liquid-cooled energy storage system and provide long-term maintenance services for two flagship UK projects under this partnership. The first installation will be at Fidra’s Thorpe Marsh…

|

Toyota Tsusho expands Gulf of Suez Wind Farm II to 654 MW capacity

Global, News

Toyota Tsusho Corporation, alongside Eurus Energy, Engie S.A., and Orascom Construction PLC, has announced an expansion of the Gulf of Suez Wind Farm II in Egypt, increasing its capacity from 504 MW to 654 MW. This development will make it the largest wind farm in Africa by installed capacity, aligning with Egypt’s goal to generate 42% of its energy from renewable sources by 2030. The Gulf of Suez Wind Farm II is located in the…

|

Octopus Energy and Skyborn prequalified for French offshore wind tender

Global, News

Octopus Energy Generation, in partnership with Skyborn Renewables, has been selected by the French government to participate in the ninth offshore wind tender. The winners are expected to be announced in late 2025. Skyborn Renewables brings over 20 years of offshore wind development experience, including the recent commissioning of the 500 MW Fécamp wind farm in partnership with EDF Renewables, Enbridge Inc., and Canada Pension Plan Investment Board (CPP Investments). Skyborn also has another offshore…

|

Ofgem proposes £5-8 billion fund to accelerate UK energy transmission projects

Global, News

Ofgem has launched a consultation on a proposed Advanced Procurement Mechanism (APM) that aims to invest between £5 billion and £8 billion to help Britain’s energy transmission owners reduce delays, control costs, and attract global investment in the transition to net zero. The consultation runs until December 18, 2024. The APM will allow transmission owners to procure essential equipment such as switchgear, cables, and steel years in advance, often before project finalization. This approach aims…

|

China tightens solar PV investment guidelines to address overcapacity

Global, News

China’s Ministry of Industry and Information Technology has finalized new investment guidelines for solar photovoltaic (PV) manufacturing projects to address persistent overcapacity and stabilize the industry. The guidelines, announced on November 20, 2024, increase the minimum capital ratio for solar PV projects to 30%, up from 20% for certain projects. This threshold, previously reserved for polysilicon manufacturing, aims to ensure financial discipline within the sector. While the guidelines are not mandatory for project approvals, they…

|

Amazon invests in Greece’s largest wind energy project with three wind farms

Global, News

Amazon has announced its entry into utility-scale wind energy in Greece with a €496 million investment in three wind farms, marking its largest renewable energy initiative. The investment involves four power purchase agreements (PPAs) covering the Vermio North and Vermio South wind farms in Macedonia and the Mesokorfi and Koukouras wind farms in the Peloponnese region. Construction is underway, with power generation expected to begin by 2026. Together, the wind farms will produce enough carbon-free…

|

SJVN inks MoU with Rajasthan government for 7 GW renewable energy projects

India, News

SJVN has signed a Memorandum of Understanding (MoU) with the Energy Department of Rajasthan to advance renewable energy development in the state. As part of the MoU, SJVN will develop 5 GW of pumped storage projects and 2 GW of floating solar projects in Rajasthan. The agreement was formalized in the presence of Rajasthan’s Chief Minister, Bhajan Lal Sharma, and signed by Akhileshwar Singh, Director (Finance) SJVN, and Om Kasera, Managing Director of RRECL. SJVN…

|

MNRE sets new terms for rooftop solar CFA under PM Surya Ghar Yojana

India, News

The Ministry of New and Renewable Energy (MNRE) has issued specific guidelines for real estate developers and promoters to access Central Financial Assistance (CFA) under the PM Surya Ghar: Muft Bijli Yojana (PMSGY). The initiative aims to promote widespread adoption of rooftop solar installations in residential housing complexes. According to the new terms, developers must provide an undertaking that the rooftop solar assets supported under the PMSGY will be handed over to the respective group…