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EAAIF, FMO, and DEG invest €84 million in Senegal solar projects
The Emerging Africa & Asia Infrastructure Fund (EAAIF), the Dutch development bank FMO, and Deutsche Investitions- und Entwicklungsgesellschaft mbH (DEG) have collectively invested €84 million in two photovoltaic solar plants with battery storage systems in Senegal’s Kolda region. These projects, operated by Axian Energy, will have a combined capacity of 60 MW with 72 MWh of battery storage to stabilize the grid and support evening peak demands. The total project cost exceeds €105 million, with…
Australian CIS boosts energy storage with six large-scale battery projects
The Australian Capacity Investment Scheme (CIS) is set to enhance energy storage capabilities in Victoria and South Australia through support for six new large-scale battery projects. These initiatives will add 3.6 gigawatt hours (GWh) of capacity. In Victoria, EnergyAustralia will manage the 350 MW Wooreen lithium-ion battery system at the Jeeralang power station site, and Project Power will develop the 115 MW Springvale Energy Hub on a former landfill site in Melbourne. South Australia will…
Adani Group to supply 6,500 MW of power to MSEDCL
Adani Power and Adani Renewable Energy Fifty Five, subsidiaries of the Adani Group, have entered into agreements to supply a combined 6,500 MW of power to the Maharashtra State Electricity Distribution Company Limited (MSEDCL). Adani Power has signed a 25-year Power Supply Agreement (PSA) to provide the state with approximately 1,500 MW of thermal power. Concurrently, Adani Renewable Energy Fifty Five, a wholly-owned subsidiary of Adani Green Energy Limited (AGEL), has entered into a Power…
CEA plans RE-based transmission of 613 GW by 2032
The Central Electricity Authority (CEA) has outlined a comprehensive plan to build transmission capacity for 613 GW of renewable energy by 2032. In its latest ‘National Electricity Plan,’ the CEA projects that India’s non-fossil fuel capacity will reach 653 GW by 2031-32. This includes 385 GW from solar (with 60 GW from rooftop solar), 165 GW from wind, 62.8 GW from hydro, 19.6 GW from nuclear, 15.5 GW from biomass, and 5.4 GW from small…
Tata Motors, Tata Power to roll out 200 fast chargers for electric commercial vehicles
Tata Power EV Charging Solutions Limited, a subsidiary of Tata Power Renewable Energy Limited, has signed a Memorandum of Understanding (MoU) with Tata Motors to establish 200 fast-charging stations for electric commercial vehicles across major metropolitan cities, including Mumbai, Delhi, Chennai, Bengaluru, and Kolkata. As part of the initiative, Tata Motors and Tata Power will offer exclusive charging tariffs to Tata Motors’ electric commercial vehicle owners, reducing operational costs and enhancing profitability. The planned expansion…
Turkey aims to quadruple wind and solar capacity by 2035
Turkey‘s Energy Minister, Alparslan Bayraktar, announced that the country will need $108 billion in public and private investment to increase its wind and solar power capacity to 120,000 MW by 2035, aiming to quadruple its current capacity. This announcement was made during an event outlining Turkey’s renewable energy roadmap. The first renewable energy resource area tender conditions for 2024 will be disclosed next week. The energy ministry is revising regulations to encourage private sector investment…