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Ofgem urges faster grid connections for renewables in UK

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The UK’s Office of Gas and Electricity Markets (Ofgem) has called on network operators to expedite the connection of renewables, clean power, and storage projects to the grid.  In response to a backlog of 722 GW of projects awaiting connection, Ofgem has set forth proposals to streamline the process, prioritising projects ready to operate within five years to help meet the UK’s 2030 energy goals. Ofgem’s reform plan focuses on optimal project placement and voltage…

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India approves 50 solar parks to boost 37.5 GW renewable capacity

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The Union Ministry of Renewable Energy has approved the establishment of 50 solar parks with a combined capacity of 37.5 GW, marking a major milestone in India’s renewable energy journey.  These solar parks will be strategically placed across various states to optimize energy generation and distribution, supporting India’s goal to transition towards cleaner energy sources and reduce reliance on fossil fuels. Alongside the solar parks, the government is expanding offshore wind energy projects along the…

Power Sector News Roundup for November 5, 2024

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Global: ACWA Power secures $240 million IFC loan for Uzbekistan’s RE projects HydroWing and PLN to develop Indonesia’s first tidal energy plant Huasun Energy to supply 1 GW of HJT solar modules for Power China’s offshore PV project Avantus sells Catclaw Solar and Energy Storage Project to DESRI India: Premier Energies’ subsidiaries receive orders worth Rs 5.6 billion Gensol Engineering secures Rs 7.8 billion solar EPC order in Maharashtra NTPC and ONGC partner to drive…

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Blykalla and ABB partner to develop SMR pilot facility in Sweden for nuclear innovation

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Swedish nuclear power company Blykalla has joined forces with engineering giant ABB to develop an electric small modular reactor (SMR) pilot facility in Oskarshamn, southern Sweden. The companies signed a Memorandum of Understanding (MOU) to collaborate on SMR technology that aligns with Sweden’s clean energy and decarbonisation goals. This initial project will focus on constructing a testing facility for Blykalla’s SEALER-E prototype, an electric lead-cooled fast reactor (LFR), to simulate nuclear fission temperatures without splitting…

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BrightNight and Cordelio Power secure $260m financing for solar project

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Renewable power companies BrightNight and Cordelio Power have secured $260 million in tax-equity financing for the 300MW Box Canyon solar project in Pinal County, Arizona. The financing, provided by affiliates of JP Morgan and Capital One, will help monetise production tax credits via a partnership flip structure. The Box Canyon solar project, expected to be commissioned in the first half of 2025, will generate enough electricity to power 77,000 homes and businesses annually. It represents…