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NTPC and ONGC establish JV for renewable energy projects

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NTPC Green Energy Limited (NGEL), a subsidiary of NTPC, and ONGC Green Energy Limited (OGL), a subsidiary of Oil and Natural Gas Corporation (ONGC), have formed a 50:50 joint venture named ONGC NTPC Green Private Limited (ONGPL).  The Ministry of Power approved the formation of this joint venture, which has an authorised capital of Rs 1 million. ONGPL will focus on renewable energy projects, including greenfield developments and acquisitions of existing assets, with a particular…

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NSW launches Renewable Energy Planning Framework

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The New South Wales (NSW) government in Australia has introduced the Renewable Energy Planning Framework to streamline planning for renewable projects, ensuring investment stability and supporting regional economic growth.  Aligned with NSW’s Electricity Infrastructure Roadmap and emissions targets, the framework promotes transparent assessments of wind, transmission, and solar projects, emphasizing benefit-sharing with local communities. Key guidelines include setbacks for visual impact mitigation, hypothetical dwelling assessments, and direct benefits for regions, estimated to bring over A$400…

Power Sector News Roundup for November 7, 2024

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Global: Trump as US president will deepen climate crisis: Policy experts Masdar, Sarawak Energy, and Gentari explore floating solar plant in Malaysia GE Vernova launches HVDC Competence Center in Berlin Global shift towards sustainable energy drives $3.1 trillion investment surge EWEC receives three bids for 1,500 MW Khazna Solar PV project in Abu Dhabi Cubico unveils Scout Moor II: 100 MW wind project to power 100,000 UK homes Singapore’s Punggol Digital District to feature first…

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Oracle Power completes grid study for 1.3GW hybrid power plant in Pakistan

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Oracle Power and joint venture Oracle Energy have completed a crucial transmission and grid interconnection study for their 1.3GW hybrid renewable power plant in Jhimpir, Sindh province, Pakistan.  Conducted by Power Planners International (PPI) and funded by State Grid China, the study assessed the technical feasibility of connecting the plant to the 220kV Jhimpir-II grid station. This hybrid plant will integrate 800MW of solar and 500MW of wind power, supported by a 260MW battery energy…

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Serentica Renewables to establish 10 GW of RE projects in Andhra Pradesh

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Serentica Renewables has announced plans to develop renewable energy projects with a combined capacity of 10 GW in Andhra Pradesh, supporting both India’s clean energy goals and the state’s green vision.  This initiative aligns with Andhra Pradesh’s target of 72 GW in renewable capacity by 2030, providing a foundation for sustainable industrial growth in the region. Pratik Agarwal, Chairman of Serentica Renewables, emphasized the state’s renewable potential, stating, “Our 10 GW commitment is a bold…

Power Sector News Roundup for November 6, 2024

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Global: Westbridge sells 75% stake in Alberta’s Sunnynook solar project to METLEN Emeren and Arpinge partner on 300MW battery storage portfolio in Italy EDF Renewables signs 20-year energy storage PPA with APS for 250 MW Beehive BESS UAE’s Nakheel and DEWA partner on 132 kV substation in Palm Jebel Ali Canada proposes 35% emissions cap on oil and gas sector by 2030 ACCIONA Energía acquires 300 MW of wind capacity in Texas FTC Solar to…

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Jupiter Power secures $225 million credit facility to boost 12,000 MW energy storage pipeline

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Jupiter Power has closed a $225 million corporate credit facility to expand its energy storage portfolio across the United States.  The facility includes up to $175 million in letters of credit and $50 million in revolving loans.  Coordinated by Barclays Bank PLC, HSBC Bank USA, and Sumitomo Mitsui Banking Corporation, this financing will support Jupiter Power’s 12,000 MW development pipeline. Kirkland & Ellis acted as counsel for Jupiter Power, while Latham & Watkins represented the…

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EDF Renewables signs 20-year energy storage PPA with APS for 250 MW Beehive BESS

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EDF Renewables has secured a 20-year Energy Storage Power Purchase Agreement (PPA) with Arizona Public Service (APS) for the Beehive Battery Energy Storage System (BESS) in Peoria, Arizona.  This 250 MW, four-hour duration stand-alone battery system, totalling 1,000 MWh, will start construction in 2025 and is set for commercial operation by 2026.  Beehive BESS, equipped with lithium-ion batteries, inverters, transformers, and a substation, will store renewable energy to meet peak demand, supporting APS’s capacity needs. …

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Avantus sells Catclaw Solar and Energy Storage Project to DESRI

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Avantus has announced the sale of its Catclaw Solar and Energy Storage Project to D.E. Shaw Renewable Investments (DESRI). Situated in Buckeye, Arizona, the Catclaw project includes up to 225 MWac of solar power and 250 MW/1,000 MWh of energy storage, accompanied by a long-term Power Purchase Agreement (PPA) with Arizona Public Service (APS). Avantus spearheaded the initial development, handling interconnection, site acquisition, permitting, commercial negotiations with APS, and securing key equipment like batteries.  Catclaw…

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NTPC and ONGC partner to drive renewable energy expansion in India

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NTPC and ONGC are establishing a joint venture to expand into the renewable energy sector through their subsidiaries, NTPC Green Energy and ONGC Green Energy.  A 50:50 joint venture company (JVC) application has been submitted to the Ministry of Corporate Affairs, advancing both companies’ commitment to renewable energy. This JVC will focus on various renewable segments, including solar, wind, energy storage, and green credits, and plans to acquire renewable energy assets.  It is also eyeing…