Power Sector News Roundup for October 17, 2024

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Global: – World Bank approves USD 250 million for renewable energy in Lebanon– Masdar and Presight to launch AI tool for managing RE assets globally– Fugro to site investigate Rhein-Main-Link offshore wind cable project in Germany– Sumitomo and CEP Solar to deliver 1.5GW of clean energy projects in Virginia– Ignitis Group to bid in Lithuania’s second offshore wind tender – Quinbrook signs offtake agreements with Tesco and Shell for Cleve Hill Solar Park– VNG AG…

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Purvah Green to acquire Bhojraj Renewables

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Purvah Green Power, a subsidiary of Calcutta Electric Supply Corporation (CESC), has signed a binding term sheet to acquire 100% of Bhojraj Renewables Energy. The acquisition, valued at up to Rs 1.08 billion, will support the development of a 300 MW wind energy project and a 150 MW solar energy project. Bhojraj Renewables will handle land acquisition and secure permits and approvals, with the entire process expected to be completed within nine months. Purvah Green…

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Purvah Green partners with Ecoren Energy for wind power project

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CESC’s subsidiary, Purvah Green Power, has signed a binding term sheet with Ecoren Energy India to develop a wind power project with a capacity of up to 686.85 MW. The project is expected to be completed within three years, pending necessary permits and approvals from relevant authorities. Purvah Green Power focuses on renewable energy generation and trading, while its parent company, CESC, based in Kolkata, specializes in the generation, transmission, and distribution of electrical power.