Sun Drops Energia Private Limited, a wholly owned subsidiary of KPI Green Energy Limited, has received letters of intent (LoI) to execute solar power projects with a cumulative capacity of 7 MW under the company’s captive power producer (CPP) business segment.
These projects are slated for completion in the financial year 2024-25, with execution to occur in phases as outlined in the order’s terms.
NKT has started slipform casting for a third extrusion tower at its offshore high-voltage cable factory in Karlskrona, Sweden, to meet the rising demand for renewable energy cables. The 200-meter tower, Sweden’s second tallest, will enhance NKT’s capacity to produce larger, longer high-voltage offshore cables. This investment is part of NKT’s strategy to handle its order backlog and expected market growth, including adding a second cable-laying vessel by 2027 and hiring 500 new employees. Using…
Ocean Winds (OW) has submitted its first planning consent application for onshore works to Aberdeenshire Council for the 2 GW Caledonia offshore wind project in Scotland. This follows the completion of the project’s environmental impact assessment (EIA), which includes detailed studies of both onshore and offshore infrastructure. The onshore component of the Caledonia project includes a substation and underground cables to transmit power generated by the offshore facility. Aberdeenshire Council has opened a formal public…
India’s engineering goods exports increased by 3.66% in July, reaching $9.04 billion, up from $8.72 billion in the same month last year, according to the Engineering Export Promotion Council (EEPC) of India. This growth was driven by increased shipments to key markets such as the US, UAE, Saudi Arabia, and Singapore. The rise was attributed to higher exports of electrical machinery, automobiles and auto components, and construction machinery including cranes, lifts, and winches. For the…
Cyprus and Greece have made strides in advancing the construction of the Great Sea Interconnector (GSI), a high-speed electric cable link connecting Greece, Cyprus, and Israel via the Mediterranean seabed. The project, valued at €2.4 billion ($2.67 billion), will be the world’s largest and deepest high-voltage direct current (HVDC) interconnector, spanning 1,240 km at a depth of 3,000 meters. Despite progress, the GSI has faced delays due to financing challenges and the need for transnational…
OMV Petrom has made its entry into the renewable energy market by acquiring a 50% stake in Electrocentrale Borzești from RNV Infrastructure and additional assets from Renovatio Group, totalling a capacity of nearly 1GW. The acquisitions, approved by Romania’s Competition Council, include two operational wind farms in eastern Romania (16MW) and a micro-hydro power plant in the northwest (2MW). OMV Petrom will also collaborate with RNV Infrastructure to develop further renewable projects in northeastern Romania,…
India registered a record 15 GW of solar installations in the first half of 2024, as developers rushed to complete previously delayed projects, according to a report by US-based research firm Mercom Capital. This is a 282% increase compared to the 3.89 GW added during the same period in 2023. The report, titled ‘India Solar Market Update,’ highlighted that this surge in installations has set a new record for solar capacity additions in the country….