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Swedish firm OX2 buys 1GW onshore wind project in Australia

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Renewable energy developer OX2 has acquired its first onshore wind project in Western Australia, with a planned capacity of 1GW. Located north of Perth, the project is in the early development stages and will include a 100MW battery energy storage system. The acquisition involves collaboration with 20 landowners, and the original developers will continue to oversee the approval process alongside OX2. This acquisition is part of OX2’s strategy to expand its renewable energy portfolio in…

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World leaders gather in Baku for pre-COP29 meeting

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Ahead of the 29th Conference of the Parties (COP29) to the UN Framework Convention on Climate Change, global leaders gathered in Baku, Azerbaijan, for the pre-COP meeting from 10–11 October.  The session, titled Enhance Ambition and Enable Action, aimed to progress key negotiations before the main summit in November. The event is focused on limiting global warming to 1.5°C, as per the 2015 Paris Agreement. A key priority at the pre-COP meeting was setting a…

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SSEN Transmission open offshore hub in Inverness

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SSEN Transmission has officially opened a new offshore hub in Inverness, Scotland, designed to accommodate up to 100 people and serve as a collaborative space for companies involved in regional energy projects. The hub, housed within SSEN’s existing building, offers desk space and meeting rooms named after iconic local bridges, such as Dornoch and Cromarty. The facility will support SSEN Transmission’s £20 billion ($26.12 billion) Pathway to 2030 programme, which aims to upgrade Scotland’s electricity…

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Inkia Energy approvED to expand Peru’s Sunny solar plant

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Peruvian power generator Inkia Energy has received environmental approval to expand its Sunny solar power plant from 228 MWp to 338 MWp.  This expansion is part of the company’s broader plan to establish a solar hub in Peru, contributing approximately 1 GW of renewable capacity to the national grid by the fourth quarter of 2025. The Sunny solar project, currently under construction in southern Peru, will be fully operational by the second half of 2025….

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UK secures £24bn in green energy investments

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The UK government has secured over £24 billion ($31.39 billion) in private investments for innovative energy projects ahead of the International Investment Summit on 14 October 2024. These investments are expected to create thousands of jobs and drive growth in the UK’s clean energy sector, spanning from Yorkshire to Suffolk, Aberdeen, and Stow. Key companies involved include Iberdrola, Ørsted, SeAh Wind, Macquarie, BW Group, and Holtec, with substantial commitments to renewable energy projects. Iberdrola’s subsidiary…

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Vestas and Fortum settle arbitration over Russian wind energy projects

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Danish wind turbine manufacturer Vestas and Nordic energy company Fortum have settled their arbitration dispute regarding wind energy projects in Russia. Both parties agreed to drop all past, present, and future claims, with the settlement terms remaining confidential. The dispute began in 2022 when Fortum initiated arbitration at the International Chamber of Commerce in Stockholm. Fortum sought more than $218 million (€200 million) in compensation from Vestas for payments made on wind projects in Russia…

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JSW Renew, NTPC sign PPA for 700 MW solar project

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JSW Renew Energy Thirteen Limited, a subsidiary of JSW Energy, has signed a Power Purchase Agreement (PPA) with NTPC Limited for a 700 MW solar project. The 25-year agreement sets a tariff of Rs 2.59 per kilowatt-hour (KWh) and connects the project to both the Inter-State Transmission System (ISTS) and State Transmission Utility (STU). The project is expected to be commissioned by June 2026. This agreement increases JSW Energy’s solar capacity pipeline to 3.2 GW,…

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Delhi Metro’s Blue Line awarded carbon-neutral certification

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Delhi Metro’s Blue Line, connecting Yamuna Bank with Vaishali in Ghaziabad, has received carbon-neutral certification, marking a significant milestone for the Delhi Metro Rail Corporation (DMRC). Officials highlighted this achievement as part of DMRC’s commitment to reducing its carbon footprint and addressing climate change. This certification follows similar recognition for DMRC’s corporate headquarters at Metro Bhawan and staff quarters in Sector-50, Noida.  DMRC aims to inspire other urban transport systems to adopt eco-friendly practices, setting…

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Sterling and Wilson reports record Rs 1,050 billion order book

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Sterling and Wilson Renewable Energy Ltd (SWREL) has reported its highest-ever outstanding order book, exceeding Rs 1,050 billion as of October 14, 2024.   In Q2 FY25 (July to September), SWREL recorded an order inflow of approximately Rs 205 billion, including an Rs 82.3 billion order received on October 14. All orders were from the domestic market.