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Skipper secures Rs 7.65 billion orders in Q1 FY25

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Skipper Limited has reported a new order inflow of Rs 7.65 billion in the first quarter of FY25, driven by significant contracts from Power Grid Corporation of India Limited (PGCIL) and other state utilities, as well as projects in the Middle East and Africa. The company’s order book as of June 30, 2024, totals Rs 58.44 billion, with 86 per cent coming from domestic sources. The portfolio includes a significant share from the T&D sector, alongside contributions from the telecom and solar industries.

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UK oil and gas companies lag in renewable energy investments, report reveals

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A recent analysis by climate campaign group Uplift has found that the majority of UK North Sea oil and gas companies are failing to transition their investments to renewable energy. Out of 87 companies, only seven are projected to invest in renewables by 2030. Of these, only two will allocate more than half of their portfolios to renewable projects, while one company intends to invest in wind energy to support further oil and gas production….

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B.Grimm, EGAT, PEA sign PPA to develop 323 MW of solar projects in Thailand

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B.Grimm Power has signed 25-year power purchase agreements (PPAs) with the Electricity Generating Authority of Thailand (EGAT) and the Provincial Electricity Authority (PEA) for a total of 323.3 MW across eight solar projects in Thailand. The agreements, involving B.Grimm’s subsidiaries and joint ventures, have commercial operation dates scheduled between 2026 and 2030. These projects support the company’s GreenLeap-Global and Green Strategy, aligning with Thailand’s goal to achieve net-zero emissions by 2065.

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TenneT and GIGA Storage sign landmark grid connection agreement in the Netherlands

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Dutch state-owned transmission system operator TenneT has signed a groundbreaking time-bound connection and transmission agreement with GIGA Storage, marking the first agreement of its kind in the Netherlands. This contract sets a precedent for future energy storage projects, aiming to enhance the efficiency of the limited space on the electricity grid. Under the contract, GIGA Storage will be allowed to draw electricity from the grid or supply it back at least 85% of the time,…

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Ireland’s EirGrid awards contracts for renewables integration technologies

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Ireland’s electricity grid operator, EirGrid, has awarded contracts for the deployment of synchronous condensers to support the integration of renewable energy and maintain grid stability as Ireland transitions to cleaner energy sources.  These contracts for low carbon inertia services (LCIS) will help balance the grid by providing 6,963 MVA of synchronous inertia, reactive power support, and short-circuit strength without generating active power. The contracts were awarded to Quarry Lane Stability in Sligo and Glencloosagh Energy…

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South Africa partners with BRICS nations to tackle energy crisis

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South Africa is addressing its energy crisis through partnerships with BRICS nations to enhance its power infrastructure. The New Development Bank (NDB) has already pledged USD 5 billion to support South Africa’s energy transition, including financing the construction of 14,000 km of new electricity transmission lines by 2030. This expansion is essential to accommodate the country’s goal of increasing renewable energy generation to 55 GW by 2032. NDB will leverage the experiences of China, Brazil,…

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Sumitomo acquires stake in EEW Offshore Wind Holding 

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Japan’s Sumitomo Corporation has acquired an equity stake in EEW Offshore Wind Holding, a move aimed at enhancing its monopile manufacturing capabilities for the offshore wind sector. This strategic partnership leverages Sumitomo’s expertise in the international steel market and EEW’s specialization in offshore wind energy infrastructure. Sumitomo’s General Manager of Steel Products SBU, Takuro Horikoshi, emphasized the alignment of this investment with the company’s commitment to green transformation and the global shift to renewable energy….

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