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KPI Green signs PPAs with GUVNL for renewable energy projects

India, News

KPI Green Energy has signed power purchase agreements (PPAs) with Gujarat Urja Vikas Nigam (GUVNL) for 620 MWAC (917 MWDC) renewable energy projects.  The agreement includes a 250 MWAC (275 MWDC) grid-connected solar photovoltaic project, won through a competitive bidding process under Phase-XXIV, aimed at procuring power from 500 MW grid-connected solar projects across India, with an additional greenshoe option for up to 500 MW. Additionally, KPI Green secured a 370 MWAC (642 MWDC) grid-connected…

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Huasun and ITRAMAS to develop 1.5GW solar projects in Malaysia

Global, News

Huasun Energy has partnered with Malaysian solar power developer ITRAMAS to develop 1.5GW of photovoltaic projects. Announced at the International Greentech & Eco Products Exhibition and Conference Malaysia 2024, the collaboration will advance Malaysia’s clean energy future, beginning in 2025. Under the agreement, Huasun will supply ITRAMAS with high-efficiency heterojunction technology (HJT) modules exceeding 700W for large-scale solar projects. This partnership aligns with Malaysia’s National Energy Transition Roadmap (NETR), which targets 70% renewable energy by…

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UK secures £24bn in green energy investments

Global, News

The UK government has secured over £24 billion ($31.39 billion) in private investments for innovative energy projects ahead of the International Investment Summit on 14 October 2024. These investments are expected to create thousands of jobs and drive growth in the UK’s clean energy sector, spanning from Yorkshire to Suffolk, Aberdeen, and Stow. Key companies involved include Iberdrola, Ørsted, SeAh Wind, Macquarie, BW Group, and Holtec, with substantial commitments to renewable energy projects. Iberdrola’s subsidiary…

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CERC releases draft amendment for transmission charges and losses regulations

India, News

The Central Electricity Regulatory Commission (CERC) has issued the draft CERC (Sharing of Inter-State Transmission Charges and Losses) (Fourth Amendment) Regulations, 2024. Key changes include the introduction of definitions for “Tariff Regulations, 2024” and “Terminal Bay.” Amendments to regulation 12 focus on handling transmission deviations for generating stations with dual connectivity to both inter-state and intra-state transmission systems. Regulation 13 proposes waivers for transmission charges for hydro pumped storage projects (PSP), energy storage systems (ESS),…

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SJVN Green issues tender for 200 MW solar projects in Gujarat

India, News

SJVN Green Energy (SGEL), a subsidiary of SJVN, has invited bids for the engineering, procurement, and construction (EPC) of up to 200 MW of solar photovoltaic projects under GUVNL Phase XXII in Gujarat. The deadline for bid submission is November 5, 2024.  The contract includes a three-year operation and maintenance (O&M) period. In recent months, SJVN has also issued tenders for a 5.8 MW grid-connected rooftop solar project and signed an MoU for a 900…

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Diamond Power wins Rs 1.09 billion contract for power cable supply

India, News

Diamond Power Infrastructure has received a letter of intent (LoI) from Swastika Infra for the supply of power cables, securing a contract worth Rs 1.09 billion. The contract involves supplying 11 kV 240 sq. mm XLPE Al 3 core cable for a robust project under the Madhya Gujarat Vij Company (MGVCL) schemes. The order will be fulfilled on a kilometre rate basis for Swastika Infra, a contractor of MGVCL. This contract further strengthens Diamond Power’s…

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Green hydrogen projects to get 19,500 MW transmission capacity by FY30

India, News

The “Interim ISTS Rolling Plan 2029-30,” released by Central Transmission Utility of India Ltd (CTUIL), outlines plans to build a 19,500 MW interstate transmission system (ISTS) network to supply renewable energy to upcoming green hydrogen plants by FY30. The entire 19,500 MW is expected to come online by FY28, benefiting green hydrogen and ammonia manufacturing plants in Gujarat, Tamil Nadu, and Andhra Pradesh. This transmission infrastructure, estimated to cost Rs 15.63 billion, will be implemented…

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Micro Electricity and Saigontel partner for 300 MW solar power park in Vietnam

Global, News

Micro Electricity has partnered with Saigontel to develop a 300 MW solar power park in southern Vietnam, alongside creating a green energy trading platform for industrial zones. The companies plan to invest USD 225 million over three years, with the project expected to generate revenue by 2025.  Micro Electricity will offer energy management and transaction services to help businesses meet their green energy targets. This initiative aligns with Vietnam’s Direct Power Purchase Agreement (DPPA) regulations,…

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Greenzo Energy and RBM Infracon partner for 15 MW green hydrogen projects in Gujarat

India, News

Greenzo Energy, India’s indigenous alkaline electrolyzer manufacturer, has signed a Memorandum of Understanding (MoU) with RBM Infracon Limited to establish green hydrogen facilities with a combined capacity of 15 MW across Jamnagar, Kutch, and Bhuj in Gujarat. The project will see an investment of Rs 2 billion and will begin in the fourth quarter of FY 2024-25, rolling out in phases over 18 months. Greenzo Energy will manage the design, engineering, and commissioning of the…

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Tamil Nadu Cabinet approves 14 projects with Rs 386.98 billion investment

India, News

The Tamil Nadu Cabinet has approved 14 new projects with a total investment commitment of Rs 386.98 billion, expected to generate 46,931 high-end employment opportunities across 12 districts. These projects span sectors including auto and electric vehicles, electronics, green energy, telecom equipment, and advanced manufacturing. Key investments include Freetrend Industrial India’s Rs 10 billion footwear manufacturing plant in Ariyalur, creating 14,000 jobs, and Leap Green Energy’s Rs 103.75 billion investment in a hydrogen power storage…