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Dominion finalises sale of 50% stake in CVOW project to Stonepeak
Dominion Energy has completed the sale of a 50% non-controlling interest in its Coastal Virginia Offshore Wind (CVOW) commercial project to Stonepeak, an alternative investment firm. This transaction, first announced in February 2024, has provided Dominion Energy with $2.6 billion in proceeds, approximately half of the capital investment made in the project so far. Stonepeak will also finance half of the remaining project costs, following pre-disclosed conditions. Dominion Energy retains full operational control over the…
Himachal Pradesh unveils plan for 100% electric public transport by 2025
Himachal Pradesh is set to fully electrify its public transport system, with Chief Minister Sukhvinder Sukhu announcing a plan to convert the Himachal Road Transport Corporation (HRTC) fleet to 100% electric by March 2025. The transition to electric vehicles aims to reduce the environmental impact and improve HRTC’s financial performance, positioning it as a key player in sustainable transport across Himachal Pradesh’s challenging terrain.
Jakson Engineers to invest Rs 20 billion in solar manufacturing
Jakson Engineers Ltd, a subsidiary of the Jakson Group, has announced a major expansion of its solar manufacturing business, planning to invest around Rs 20 billion to establish a 2,500 MW solar cell manufacturing facility in two phases. The location for this new facility will be finalized soon. In addition to the new solar cell plant, Jakson will also expand its existing solar module facility in Greater Noida, increasing its capacity from 1,200 MW to…
Huasun and ITRAMAS to develop 1.5GW solar projects in Malaysia
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…
ACCIONA Energía secures fast-track approval for 150 MW solar project in the Philippines
ACCIONA Energía has received Green Lane status from the Philippines’ Board of Investments for its 150 MW Daanbantayan Solar Project on Cebu Island, expediting the permitting process. With a $130 million investment, the project aligns with the Philippine Development Plan to boost renewable energy and will create significant employment opportunities. Initial power will be sold through private PPAs with CEBECO II, with excess energy auctioned by the Department of Energy. ACCIONA is also advancing other…
Andhra Pradesh launches projects worth Rs 36.83 billion in Sri City
On August 19, 2024, Andhra Pradesh Chief Minister N Chandrababu Naidu laid the foundation stone, inaugurated, and inked deals for projects in Sri City valued at Rs 36.83 billion, potentially generating 15,280 employment opportunities. Fifteen industrial projects worth Rs 15.7 billion were inaugurated, expected to create 8,480 jobs. The foundation was laid for seven projects with an investment of Rs 9 billion, likely to generate 2,740 jobs. Additionally, five agreements were signed involving an investment…