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IndiGrid reports Rs 651 billion bid pipeline, expands BESS portfolio with new projects

India, News

India Grid Trust (IndiGrid) has estimated a bid pipeline worth over Rs 651 billion in the power transmission sector, as disclosed in its Q2 FY25 investor presentation. The pipeline includes interstate transmission system (ISTS) projects with issued requests for proposal (RfP). Additionally, IndiGrid sees an estimated Rs 35 billion opportunity in the battery energy storage system (BESS) market, primarily from projects in Gujarat and Uttar Pradesh. In Q2FY25, IndiGrid announced a partnership with British International…

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Ohmium partners with SwitcH2 for offshore green hydrogen and ammonia project

Global, News

Ohmium International has signed a term sheet with SwitcH2 BV, a renewable energy joint venture involving BW Offshore, to develop PEM electrolyser systems for a 300 MW offshore floating green hydrogen and ammonia synthesis project. The agreement involves the supply of 300 MW PEM electrolyser solutions, which will be installed on SwitcH2’s 268-meter FPSO vessel. The electrolysers will harness solar and wind energy, combined with treated seawater, to produce green hydrogen. This hydrogen will feed…

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Fugro to site investigate Rhein-Main-Link offshore wind cable project

Global, News

Fugro has been awarded a contract by the ARGE R-M-L consortium, comprising Arcadis and ILF Consulting Engineers, to conduct site investigations for the 600km Rhein-Main-Link underground cable project.  This project will connect offshore wind farms in the North Sea to the Rhein-Main area in Germany.  Fugro will provide consultancy services, including project management, route planning, environmental permitting, and geotechnical evaluation, ensuring optimal wire performance and minimal environmental impact. Fugro’s services will cover two of the…

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Kent secures design contract for Five Estuaries offshore wind farm

Global, News

Kent has secured a contract to conduct a concept design study for an HVAC offshore substation platform for the Five Estuaries offshore wind farm, led by RWE. This project is an extension of the operational Galloper wind farm, which has a capacity of 353MW and powers over 444,000 UK homes annually. Located 37km from the Suffolk/Essex coast, the Five Estuaries project is expected to be operational by 2031. Kent’s role involves designing the offshore substation…

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Norway proposes $3.29bn subsidy for 2025 floating wind tender

Global, News

On 7 October, the Norwegian government announced a proposal to provide up to Nkr35 billion ($3.29 billion) in subsidies for its planned floating wind tender in 2025. The funding, based on a 500 MW reference project, is intended to support the development of floating offshore wind, a key growth area for Norway’s renewable energy sector. The tender will be Norway’s first commercial floating wind round, with the country targeting 30 GW of offshore wind capacity…

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Equinor acquires 9.8% stake in Ørsted, becoming second-largest shareholder

Global, News

Norwegian energy giant Equinor has acquired a 9.8% stake in Danish renewable energy company Ørsted, valued at $2.5 billion. This transaction, involving 41,197,344 shares, makes Equinor Ørsted’s second-largest shareholder. Equinor plans to increase its stake to 10%, pending regulatory approvals but does not intend to grow the stake further. Ørsted, with a renewable generation capacity of 10.4GW, is developing offshore wind projects totalling 7GW and aims to achieve a capacity of 35-38GW by 2030. Equinor…

Key Power Sector News Roundup for September 25, 2024

Power Bytes

CEA releases report on Right-of-Way width for transmission lines The Central Electricity Authority (CEA) has released a report on Right-of-Way (RoW) width calculations for transmission lines using monopole towers and HTLS conductors. The report compares configurations and highlights challenges like higher costs and limited manufacturing for monopole structures. It supplements the July 2020 guidelines and was compiled by a 13-member committee. CTUIL approves Rs 4 billion transmission projects to boost infrastructure CTUIL has approved seven…

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ENEOS acquires 20% stake in Norway’s GoliatVind floating offshore wind farm

Global, News

ENEOS Holdings’ renewable energy arm, Eneos Renewable Energy, has acquired a 20% interest in the GoliatVind floating offshore wind farm project in Norway. Located between the northern Norwegian Sea and the Barents Sea, the 75 MW project will feature five 15 MW wind turbines mounted on semi-submersible steel foundations developed by Odfjell Oceanwind. The project aims for commercial operation by 2028. The other stakeholders include Galileo Norge, which holds the largest share at 40%, alongside…

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Scatec signs PPA for 1 GW solar and 100 MW battery storage project in Egypt

Global, News

Norwegian energy company Scatec has signed a power purchase agreement (PPA) with the Egyptian Electricity Transmission Company for a 1 GW solar and 100 MW/200 MWh battery storage project in Egypt. The 25-year, USD-denominated agreement marks Egypt’s first hybrid solar and battery energy storage system. Scatec will manage the engineering, procurement, and construction, along with asset management, operations, and maintenance services. The company aims to secure concessional financing and expects construction to begin in the…

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EU commits €53.9m to green hydrogen and renewables in Southern Africa

Global, News

EU Commissioner for Energy Kadri Simson has approved €53.9 million ($59.9 million) in funding to boost green hydrogen and renewable energy development in southern Africa. Namibia will receive the largest share, €36.9 million, with €50 million pledged to Namibian and South African hydrogen funds. This includes €25 million allocated to the SDG Namibia One fund, which aims to raise €1 billion for the 3GW Hyphen Hydrogen Energy project, expected to cost $10 billion. The European…