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Adani Group to invest USD 35 billion in renewable energy over five years

India, News

The Adani Group has announced plans to invest USD 35 billion over the next five years to establish large-scale renewable energy plants across India.  The focus will be on solar, wind, and hybrid energy systems, aiming to play a significant role in the global energy transition. Sagar Adani, Executive Director of Adani Green Energy, revealed this initiative during a CEO panel discussion at the SBI Economic Conclave. He described it as one of the world’s…

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AMPIN Energy and CIP to invest USD 300 million in India’s renewable projects

India, News

AMPIN Energy Transition has partnered with Copenhagen Infrastructure Partners (CIP) to invest USD 300 million in renewable energy projects across India.  This joint effort aims to establish a renewable energy asset base valued between USD 2.7 billion and USD 3 billion. Building on a USD 200 million joint equity commitment made in 2021, the collaboration highlights their focus on accelerating India’s green transformation and fostering innovation within the energy sector. AMPIN Energy Transition currently manages…

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Apar Industries to triple Continuous Transposed Conductor capacity by FY26

India, News

Apar Industries Ltd has announced plans to expand its Continuous Transposed Conductor (CTC) production capacity to meet increasing demand driven by government prioritization of power and generation equipment. The expansion will triple the company’s CTC capacity from 7,350 tonnes per year to 20,490 tonnes by Q3FY26. The current capacity of 7,350 tonnes, utilized at 98%, will be augmented in phases. By March 2025 (end of FY25), an additional 5,160 tonnes will be operational. A further…

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rPlus Energies secures PPA with Idaho Power for Pleasant Valley Solar 2 project

Global, News

Renewable energy developer rPlus Energies has finalized a long-term power purchase agreement (PPA) with Idaho Power for its 125 MW Pleasant Valley Solar 2 facility in Ada County, Idaho.  This project follows the 200 MW Pleasant Valley Solar 1, also under construction, making Pleasant Valley Solar the largest contracted solar facility within the Idaho Power system.  Both projects will supply renewable energy to support Meta’s 100% clean energy goals for its data center in Kuna,…

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ADB approves USD 311 million loan for Nepal’s T&D infrastructure upgrade

Global, News

The Asian Development Bank (ADB) has approved a USD 311 million loan to upgrade electricity transmission and distribution infrastructure in Nepal under the South Asia Subregional Economic Cooperation Electricity T&D Strengthening Project.  Implemented by Nepal Electricity Authority (NEA), the project will modernize energy infrastructure and add solar photovoltaic (PV) generation capacity.  Key initiatives include constructing 290 km of transmission lines across Dailekh–Jumla, New Butwal–Lamahi, Nijgadh–Ramauli, and Teenpiple–Okharpauwa, along with enhancing distribution infrastructure in Karnali and…

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Ofgem approves LionLink and Nautilus pilot projects for North Sea wind interconnectors

Global, News

The UK energy regulator, Ofgem, has approved the initial stages of two interconnector pilot projects, LionLink and Nautilus, aimed at linking the UK’s transmission network with offshore wind farms in the North Sea.  These “offshore hybrid assets” will connect UK, Dutch, and Belgian grids directly to offshore wind farms, delivering a combined capacity of 3.2 GW. National Grid is leading the projects in partnership with Dutch and Belgian transmission operators TenneT and Elia. Upon completion,…

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FREYR Battery to acquire Trina Solar’s US manufacturing assets

Global, News

FREYR Battery has signed an agreement to acquire Trina Solar’s 5 GW solar module manufacturing facility in Wilmer, Texas.  The acquisition is expected to be finalised by the end of 2024. The Wilmer plant, which began production on November 1, 2024, is slated to reach full capacity by 2025, with 30 per cent of its output already under firm contracts with US customers. Post-acquisition, FREYR plans a multi-phase expansion to establish a vertically integrated US…

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US BOEM releases final EIS for SouthCoast Wind Project

Global, News

The US Bureau of Ocean Energy Management (BOEM) has issued its final environmental impact statement (EIS) for the 2.4 GW SouthCoast Wind Project, which, if approved, could power approximately 800,000 homes.   The SouthCoast Wind proposal includes up to 147 turbines, five offshore substations, and eight export cables, with landfall options at Brayton Point or Falmouth, Massachusetts. The project’s lease area covers about 127,388 acres, located 26 nm south of Martha’s Vineyard. Public input during a…

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Entrion Wind secures US patent for FRP monopile technology

Global, News

Norwegian offshore wind firm Entrion Wind has obtained a US patent for its fully restrained platform (FRP) monopile, marking the first of six patent applications filed by the company.  The FRP monopile, designed for water depths up to 100m, is set for commercial launch in 2027 and promises improved economics over other foundation systems, featuring Entrion’s top mooring assembly (TMA) for enhanced stability and efficient installation. Entrion co-founder and VP Li Lee highlighted the monopile’s…

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ACCA report warns of inadequate climate preparedness among businesses

Global, News

The ACCA’s latest report, Weathering the Storm: Building Resilience Against Climate Disruptions, reveals that most businesses and organizations are ill-prepared for climate-related disasters, with outdated continuity plans that fail to account for the rising frequency of such events.  The report shows only 20% of surveyed organizations have identified climate risks across their operations, and just 17% regularly rehearse responses to major disruptions, while 25% lack any resilience-building mechanisms. ACCA Head of Sustainability, Emmeline Skelton, emphasizes…