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Global offshore wind sector resilient, poised for growth

Global, News

Despite inflation and supply chain disruptions, the global offshore wind sector grew by 7% in 2023, with a projected 9% increase to over 11 GW by the end of 2024. Rystad Energy forecasts that global offshore wind installations, excluding mainland China, will exceed 520 GW by 2040. Europe will lead, especially in floating wind technology, accounting for over 70% of global floating installations. The UK, France, and Portugal are expected to add up to 90…

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SSEN Transmission receives approval for Creag Dhubh-Dalmally upgrade

Global, News

SSEN Transmission has received approval from Scottish ministers to upgrade the Creag Dhubh-Dalmally overhead line from 132kV to 275kV, a project crucial for supporting renewable energy growth in Argyll and Kintyre. Part of the Argyll and Kintyre 275kV strategy, this upgrade is a key component of SSEN’s £20 billion ($26 billion) Pathway to 2030 programme, which aims to support thousands of jobs and boost local and national economies. The strategy aligns with the UK and…

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India and Poland strengthen ties, focus on energy security and peace

India, News

During a visit to Poland, Prime Minister Narendra Modi and Polish Prime Minister Donald Tusk committed to enhancing energy security and upholding international peace. The leaders agreed to collaborate in multilateral forums to ensure a stable, rules-based international order, marking the 70th anniversary of their diplomatic relations. Amid global conflicts and tensions, both Prime Ministers stressed the importance of energy security, particularly in light of the war in Ukraine, which has negatively impacted global food…

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MSEDCL to solarize villages across Maharashtra 

India, News

The Maharashtra State Electricity Distribution Company (MSEDCL) has unveiled an ambitious plan to provide up to 100% solar-powered electricity to two villages in each district within the next two months.   Manyachiwadi in Patan Taluka, Satara district, will be the first village to benefit, becoming a ‘solar village’ with maximum solar-powered electricity. Over 70 other villages across Maharashtra will follow, with a focus on rooftop solar power generation. The government will offer subsidies to help residents…

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Himachal Pradesh advances green energy projects in Spiti

India, News

Himachal Pradesh is pushing forward with green energy initiatives in Spiti and Una to address climate change. A major project is the upcoming 1,000 MW hybrid solar and wind energy Mega Solar Park in Spiti, Lahaul-Spiti. Chief Minister Sukhvinder Sukhu has called for central assistance through the Green Corridor Transmission to fully leverage the state’s renewable energy potential, which is vital for mitigating global warming. In the Una district, the 32 MW Pekhubela Solar Power…

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Ofgem fast-tracks £3.4bn Anglo-Scottish electricity “superhighway”  

Global, News

The UK’s energy regulator, Ofgem, has approved the fast-tracking of the Anglo-Scottish electricity “superhighway” project, EGL2, under its Accelerated Strategic Transmission Investment (ASTI) framework. This initiative is designed to expedite 26 major grid connection projects, aiming to boost grid capacity and save an estimated £1.5 billion ($1.92 billion). EGL2 is the first of these projects to secure funding under the ASTI framework. The project will establish a 2GW high-voltage electricity cable link between Peterhead in…

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NextEnergy acquires 248 MW solar portfolio in Spain  

Global, News

NextEnergy Capital’s (NEC) international fund, NextPower V ESG, has secured a binding agreement to acquire a 248 MW solar PV portfolio in northeastern Spain. The portfolio comprises 12 solar PV projects and marks a significant addition to NEC’s rapidly growing renewable energy assets. This acquisition follows the recent long-term debt financing closure for an operational portfolio managed by NextPower V ESG’s predecessor, NextPower III ESG, in the same region. The latest investment highlights NEC’s strong…

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RWE secures 4 GW offshore wind sites in North Sea for €250 million

Global, News

RWE has secured two offshore wind sites in the North Sea, with a combined capacity of 4 GW, in the latest auction held by the German Federal Network Agency. The sites, N-9.1 and N-9.2, are located between 110 km and 115 km northwest of Borkum island, near the Dutch Exclusive Economic Zone. RWE’s winning bid for these sites amounted to €250 million. Each site is capable of supporting offshore wind farms with a capacity of…

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Tamil Nadu approves Rs 441.25 billion investment 

India, News

The Tamil Nadu government has approved investment proposals totalling Rs 441.25 billion, which include three major renewable energy policies aimed at boosting the state’s green energy sector. These initiatives are part of Tamil Nadu’s goal to generate 20,000 MW of renewable energy by 2030. The Cabinet, chaired by Chief Minister M.K. Stalin, approved 15 investment proposals across various sectors, expected to create over 24,700 jobs. Key projects include a Rs 213.4 billion investment by lithium-ion…