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HydroWing and PLN to develop Indonesia’s first tidal energy plant
HydroWing, a division of Inyanga Marine Energy Group, has signed a binding agreement with a sub-holding of Indonesia’s state-owned power company, PLN (Perusahaan Listrik Negara), to develop the country’s first tidal energy project. The 10 MW tidal current power plant is planned for East Nusa Tenggara in the Indonesian archipelago. This partnership builds upon a 2022 Memorandum of Understanding between HydroWing and PLN aimed at accelerating tidal energy development in Indonesia through site selection, resource…
Amperon launches Asset-Level Renewable Generation Forecasts
Amperon, an AI-powered electricity forecasting and analytics services provider in USA, has launched Asset-Level Renewable Generation Forecasts. This service enables renewable energy producers and utilities to view solar generation forecasts at individual site and aggregate levels for improved portfolio management. Each hour’s forecast accuracy is calculated based on the asset’s nameplate capacity, enhancing transparency and accountability. The forecasts provide 15-day solar predictions updated hourly and sub-hourly at 5-minute intervals, helping reduce financial losses from over-scheduling…
EuroWind and Wind Estate form JV for 186.3 MW wind parks in Denmark
Danish energy companies EuroWind Energy and Wind Estate have established a joint venture (JV) called K/S Blue Holding, combining their wind power assets to create a total capacity of 186.3 MW. The JV equally splits ownership between the two firms, with EuroWind contributing 28 turbines from Overgaard (96.9 MW) and 11 turbines from Norre Okse So (39.6 MW). Wind Estate adds 16 turbines at Overgaard with a capacity of 49.8 MW. As part of the…
Moody’s: Indian companies to spend USD 45-50 billion annually on capex
Moody’s Ratings expects Indian companies to invest USD 45-50 billion annually in capex over the next 1-2 years, with Reliance Industries accounting for 30% of this. The oil and gas sector, including Reliance, will make up over 60% of the total spending, focusing on capacity expansion and green energy. Strong earnings will keep leverage low for Indian firms, despite high offshore borrowing rates. Moody’s forecasts a 6% GDP growth for India over the next two…
JSW Neo wins 600 MW wind-solar hybrid project from MSEDCL
JSW Neo Energy, a subsidiary of JSW Energy, has received a letter of award for a 600 MW wind-solar hybrid project from Maharashtra State Electricity Distribution Company (MSEDCL) under Phase IV, including an additional 400 MW through the greenshoe option. This project boosts JSW’s energy solutions portfolio and supports its transition towards becoming an energy products and services company. With this award, JSW’s total locked-in generation capacity has risen to 18.2 GW, including 3.8 GW…
NextEnergy acquires 248 MW solar portfolio in Spain
NextEnergy Capital’s (NEC) international fund, NextPower V ESG, has secured a binding agreement to acquire a 248 MW solar PV portfolio in northeastern Spain. The portfolio comprises 12 solar PV projects and marks a significant addition to NEC’s rapidly growing renewable energy assets. This acquisition follows the recent long-term debt financing closure for an operational portfolio managed by NextPower V ESG’s predecessor, NextPower III ESG, in the same region. The latest investment highlights NEC’s strong…