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World likely to miss UN target to triple renewable capacity by 2030: IEA
The world is expected to fall short of the UN’s target to triple renewable energy capacity by 2030, despite many countries surpassing their national targets, according to the International Energy Agency’s (IEA) latest report, Renewables 2024. The report forecasts the deployment of over 5.5 TW of renewable energy by 2030, a threefold increase compared to 2017-2023, equivalent to the combined current power capacity of China, India, the US, and the EU. Around 70 countries, representing…
CERC approves transmission tariff for Sirohi Transmission’s ISTS project
The Central Electricity Regulatory Commission (CERC) has approved the annual transmission tariff of Rs 2.91 billion for Sirohi Transmission Ltd, a wholly-owned subsidiary of Power Grid Corporation of India Ltd (PGCIL), for its ISTS scheme. This project, named “Transmission system for evacuation of power from Rajasthan REZ Phase IV (Part 2: 5.5 GW) (Jaisalmer/Barmer Complex) Part B,” was awarded to PGCIL under the tariff-based competitive bidding (TBCB) process. During the bidding, PGCIL’s final winning bid…
Gensol establishes US subsidiary to supply 2,000 MW of solar trackers
Gensol Engineering, a key player in the renewable energy sector, has announced the establishment of a subsidiary in the United States, aiming to supply over 2,000 MW of solar trackers annually by 2028. The new subsidiary, Scorpius Trackers Inc, will be based in California, positioning the company to capitalize on the growing demand for solar energy infrastructure. The U.S. market currently deploys over 25,000 MW of solar trackers annually, making it the largest in the…
Kent secures design contract for Five Estuaries offshore wind farm
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…
Recurrent Energy signs two tolling agreements with APS
Canadian Solar’s subsidiary Recurrent Energy has signed two 20-year tolling agreements with Arizona Public Service Company (APS), set to boost Arizona’s renewable energy capacity by 2026. The agreements cover the Desert Bloom Storage (600MWh) and Papago Solar (150MWac) projects, both located in Maricopa County, with construction starting in 2025 and operations slated for 2026. These projects join last year’s 20-year tolling agreement for the 1,200MWh Papago Storage project, which will become Arizona’s largest standalone energy…
ADB sanctions $434.25 million loan for renewable energy development in Assam
The Asian Development Bank (ADB) has approved a $434.25 million loan to support renewable energy initiatives and enhance energy security in Assam. The project will establish a 500 MW grid-connected solar photovoltaic facility in the Karbi Anglong district, along with a grid-connected battery energy storage system to stabilize the grid and manage peak power demands. This initiative aligns with Assam’s renewable energy goals, contributing to the state’s renewable energy roadmap and increasing solar capacity to…