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Sunly secures €300 million for 1.3 GW renewable energy projects in Baltics and Poland
Sunly has secured €300 million in debt financing to accelerate the development of 1.3 GW of renewable energy facilities, including solar, wind, storage, and hybrid parks, across the Baltics and Poland. This investment aims to enhance regional energy security and independence, particularly as the region prepares to separate from the Russian and Belarusian electricity grids. The financing, provided by Rivage Investment, Copenhagen Infrastructure Partners (CIP), and Kommunal Landspensjonskasse, will support the construction of integrated hybrid…
CEA proposes new guidelines for type-testing periodicity of power equipment
The Central Electricity Authority (CEA) has released new draft guidelines on the periodicity of type tests for major equipment across the power value chain. A key proposal is to exempt transformers from repeating short-circuit tests solely due to changes in bushing or on-load tap changers (OLTC), provided these components have equal or superior ratings and have successfully passed type tests per IS/IEC standards. The guidelines, titled “Guidelines for the Periodicity of Type Tests for Major…
Himachal Pradesh to develop pumped storage projects, approves first two schemes
The Himachal Pradesh government has initiated pumped storage projects (PSPs) with the approval of two key projects: the 1,630 MW Renukaji pump storage project in Sirmaur district and the 270 MW Thana Plaun pump storage project in the Beas Basin, Mandi district. Chief Minister Sukhvinder Singh Sukhu confirmed the projects have been allotted to Himachal Pradesh Power Corporation (HPPCL), with work already underway. The Renukaji project will generate 40 MW, and the Thana Plaun hydropower…
Centre to impose stricter safety standards on electric construction equipment from October 2024
The Ministry of Road Transport and Highways (MoRTH) is set to introduce stringent safety standards for electric construction vehicles as part of India’s green transition. Starting October 1, 2024, all-electric construction equipment, including dumpers and excavators, must comply with new safety regulations outlined in the draft amendment to the Central Motor Vehicles Rules, 1989. This amendment, published on August 14, proposes the introduction of rule 125-O, which mandates adherence to Automotive Industry Standards (AIS)-174, covering…
Vattenfall halts developing 640 MW Kriegers Flak offshore wind farm in Sweden
Swedish power company Vattenfall has decided to halt the development of the 640 MW Kriegers Flak offshore wind farm, citing “unviable investment prerequisites” in Sweden. Located 30 km south of Trelleborg, the Kriegers Flak site was expected to generate 2.7T terawatt hours (TWh) of energy annually, enough to power 500,000 households each year. In May 2022, the Swedish government granted a construction permit for the project, allowing for the installation of 35 to 50 wind…
Masdar expands in US with 50 per cent acquisition of Terra-Gen
Masdar has successfully acquired a 50% share in Terra-Gen Power Holdings II, LLC, a leading independent renewable energy producer in the US. The acquisition was made from Energy Capital Partners, which fully divested its stake, while Igneo Infrastructure Partners retained its 50% interest in the company. Before this acquisition, Masdar had a strong portfolio of utility-scale wind, solar, and storage assets, with over 1.4 GW of generating capacity. Terra-Gen’s current operational portfolio spans 3.8 GW…