Author: Power Peak Digest Team Pub Date: November 5, 2024
SBEC Systems (India) has commissioned a 632 KWp solar power project at G S Pharmbutor’s Nutrition Division, located within the Modi Steel Compound in Modinagar, Uttar Pradesh. The project became operational on November 5, 2024.
This initiative aligns with SBEC Systems’ focus on engineering and consultancy services across various industries, emphasizing their commitment to advancing renewable energy solutions.
Author: Power Peak Digest Team Pub Date: November 27, 2024 The New South Wales (NSW) government has approved the A$1bn ($647m) Mt Piper Battery Energy Storage System (BESS) project by EnergyAustralia. With a capacity of 500MW/2,000MWh, the facility will store surplus grid energy during low-demand periods and release it when demand is high. EnergyAustralia will invest up to A$2m ($1.2m) in Lithgow City through a voluntary planning agreement. The project is expected to create 177…
Author: Power Peak Digest Team Pub Date: November 29, 2024 United Arab Emirates-based clean energy company Masdar has finalized its €3.2 billion ($3.3 billion) acquisition of Greece’s Terna Energy, the largest deal on the Athens Stock Exchange. The acquisition, announced in June 2024, involved the purchase of 70% of Terna Energy shares at €20 ($21.1) per share from GEK Terna and other shareholders. Masdar plans to secure the remaining shares through an all-cash mandatory tender…
Author: Power Peak Digest Team Pub Date: December 9, 2024 Serentica Renewables plans to invest Rs 500 billion to develop 10,000 MW of renewable energy capacity in Rajasthan, as part of its efforts to position the state as a renewable energy hub. This investment aligns with the company’s participation in Rising Rajasthan 2024. Currently, Serentica has 3,000 MWp of renewable energy under construction in the state, focused on serving India’s commercial and industrial sectors, with…
Author: Power Peak Digest Team Pub Date: December 19, 2024 Insolation Energy Limited has received 45 acres of land from the Madhya Pradesh government to establish a solar manufacturing facility. The proposed unit will have a production capacity of 3 GW for solar cells, 4 GW for solar modules, and 24,000 metric tonnes of aluminium frames. The project will be developed by Insolation Green Energy, a subsidiary of Insolation Energy, within the Power and Renewable…
Author: Power Peak Digest Team Pub Date: November 4, 2024 The Kenya Electricity Transmission Company Limited (KETRACO) has completed a new 132/33 kV substation in Loitoktok, Kajiado County, aimed at improving reliable power delivery to Merrueshi, Loitoktok, and surrounding areas. Alongside this development, KETRACO plans to extend the existing 132/33 kV substation in Sultan Hamud, Makueni County, to further stabilize the regional grid. China Aerospace Construction Group Limited is overseeing the project, with funding provided…
Author: Power Peak Digest Team Pub Date: October 25, 2024 JSW Energy’s step-down subsidiary, JSW Renew Energy Eleven, has signed a power purchase agreement (PPA) with Solar Energy Corporation of India (SECI) for a 700 MW solar capacity under SECI Tranche XIII. The PPA, with a tariff of Rs 2.56/kWh, is set for 25 years, and the project is expected to be commissioned within 24 months. JSW Energy, targeting 10 GW operational capacity by FY…