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EU approves €682m state aid for Belgium’s offshore wind development

Global, News

The European Commission has approved a €682 million state aid package to support Belgium’s renewable offshore wind energy. The funds will facilitate the construction and operation of a 700 MW offshore wind farm in the Princess Elisabeth Zone in the North Sea, set to generate 2.6TWh of renewable energy annually. This project will significantly boost Belgium’s offshore wind generation, which reached 7.77TWh in 2023. While Belgium aims to align with the EU’s target of 42.5%…

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Vietnam explores revival of nuclear power plants for energy security

Global, News

Vietnam is reconsidering its nuclear power development plans to strengthen energy security and support economic growth, according to a government document reviewed by Reuters. The country, which relies heavily on coal, seeks cleaner energy solutions to achieve its net zero target by 2050. The Ministry of Industry and Trade is studying global nuclear energy development and will propose a plan to the Politburo, Vietnam’s top decision-making body. The move comes as Vietnam targets an annual…

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Gujarat hydropower plants made a record in electricity generation in August’24

India, News

In August 2024, Gujarat’s hydropower plants generated 1,067.3 million units (MU) of electricity, a rise from 308.7 MU in July, due to monsoon-driven water inflows filling the state’s dams, according to ANI. The Sardar Sarovar Dam was the largest contributor, generating over 800 MU, with its River Bed Power House (RBPH) and Canal Head Power House (CHPH) stations producing a combined total of 891 MU. Additional contributions came from the Ukai Dam, which generated 143.1…

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Westinghouse and Hyundai partner to explore nuclear power opportunities in Sweden and Finland

Global, News

Westinghouse Electric has partnered with Hyundai Engineering & Construction to pursue nuclear power plant (NPP) projects in Sweden and Finland. The collaboration will focus on deploying Westinghouse’s AP1000 reactor technology, with Westinghouse handling the design and technology development and Hyundai contributing its construction expertise. This partnership builds on a 2022 agreement between the companies to jointly explore global opportunities for AP1000 plants. The announcement follows Vattenfall’s plans to develop new nuclear reactors at Ringhals in…

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Saipem and Newcleo explore nuclear power for offshore drilling sustainability

Global, News

Italian oil company Saipem and British nuclear firm Newcleo have partnered to explore how nuclear power can enhance the environmental sustainability of offshore drilling activities. The collaboration will focus on assessing how Newcleo’s small modular lead-cooled fast reactor (SM-LFR) technology could be used to power and heat Saipem’s offshore projects. As part of the agreement, the companies will conduct a feasibility study on developing floating nuclear prototypes, to connect these units to the electricity grid…

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GE Vernova secures 140 MW wind turbine order in Romania

Global, News

GE Vernova has secured a 140 MW wind turbine order in Romania from Public Power Corporation Renewables (PPCR). The company will supply, install, and commission 23 turbines, each with a 6.1MW capacity, for a wind project in Vaslui County. The agreement, finalized in Q2 2024, strengthens GE Vernova’s role in the European Union’s energy transition, where it has a long history of installing wind turbines. Initial turbine deliveries are planned for the first half of…

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ITI Limited secures Rs 3 billion order for 100,000 solar street lights in Bihar

India, News

ITI Limited has received an order worth Rs 3 billion from the Bihar Renewable Energy Development Authority (BREDA) to supply and install 100,000 solar street light systems under the Mukhyamantri Gramin Solar Street Light Yojana. The project will cover districts including Gopalganj, Siwan, Samastipur, Purnia, Araria, Gaya, Darbhanga, Patna, Katihar, and Khagaria. The Naini Plant of ITI Limited will manage the supply and installation, which will be supervised by BREDA. Key components of the system…

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Actis partners with Meralco, SPNEC for Terra Solar project in Philippines

Global, News

UK-based Actis has partnered with Manila Electric Company (Meralco) and Solar Philippines New Energy Corporation (SPNEC) to invest $600m (£458.55m) in the Philippines’ Terra Solar project. With a capacity of 3.5 GWp of solar power and 4.5 GWh of battery storage, it is the largest integrated renewable energy and storage project globally.  Located on Luzon Island, the project will power 2.4 million households, with Meralco securing 850 MW under a 20-year contract. Completion is expected…

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EU approves €19.6m WEDUSEA wave energy project

Global, News

The European Union has approved the €19.6 million WEDUSEA project. The project is a collaboration of 14 partners from the UK, Ireland, France, Germany, and Spain, and is coordinated by renewable energy developer Ocean Energy. Co-funded by the EU-Horizon Europe Programme and Innovate UK, the project aims to advance the commercialisation of wave energy. Following approval from the EU’s external experts, WEDUSEA will proceed with designing and constructing a 1MW OE35 floating wave energy converter,…

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Tata Group invests Rs 9.5 billion in battery manufacturing subsidiary

India, News

Tata Group has invested Rs 9.5 billion into its battery manufacturing subsidiary, Agratas, to expand in the new energy sector. Agratas focuses on advanced manufacturing capabilities for cleaner energy solutions, particularly for the automotive industry. The company plans to build a 40 GWh gigafactory in the UK and a 20 GWh plant in Sanand, Gujarat, using cutting-edge technology. Agratas produces batteries for the automotive and energy sectors, including two-wheelers, commercial vehicles, and energy storage systems….