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Serentica Global plans 10 GW RW projects in Andhra Pradesh

Vedanta Group’s Serentica Global has announced plans to develop renewable energy projects totalling 10 GW in Andhra Pradesh.  Company officials shared their plans with Nara Lokesh, the State Minister for Education, IT, and Electronics. The Minister highlighted Andhra Pradesh’s goal of achieving 72 GW of renewable energy capacity by 2030 and invited corporations and investors to contribute to this initiative. These large-scale projects are expected to create significant employment opportunities within the state.

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Rajasthan and UAE sign MoU for Rs 3 trillion investment in 60 GW RE projects

The Rajasthan government has signed a memorandum of understanding (MoU) with the United Arab Emirates (UAE) for an investment of Rs 3 trillion to develop renewable energy projects with a combined capacity of 60 GW in solar, wind, and hybrid energy across western Rajasthan.  The UAE will appoint a qualified developer to manage project governance and administration, ensuring efficient and swift implementation.

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Sun Drops receives LoI for 9 MW solar projects under CPP segment

Sun Drops Energia Private Limited, a subsidiary of KPI Green Energy Limited, has received a letter of intent (LoI) to develop solar power projects with a total capacity of 9 MW under the company’s captive power producer (CPP) segment.  The projects are scheduled for completion in various tranches by May 2025.

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NLC India and RRVUNL to set up lignite-based thermal power plant in Rajasthan

NLC India Limited (NLCIL) has entered into a joint venture agreement with Rajasthan Rajya Vidyut Utpadan Nigam Limited (RRVUNL) to establish a 3×125 MW lignite-based thermal power plant in Rajasthan, along with developing lignite mines to fuel the station.  The initial paid-up capital for this project is set at Rs 500,000, with NLCIL holding a 74% stake and RRVUNL holding 26%. In addition, NLC India Renewables Limited, a subsidiary of NLCIL, has also signed a…

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JSW signs PPA with SECI for 700 MW solar project

JSW Energy’s step-down subsidiary, JSW Renew Energy Eleven, has signed a power purchase agreement (PPA) with Solar Energy Corporation of India (SECI) for a 700 MW solar capacity under SECI Tranche XIII. The PPA, with a tariff of Rs 2.56/kWh, is set for 25 years, and the project is expected to be commissioned within 24 months. JSW Energy, targeting 10 GW operational capacity by FY 2025, currently operates 7.9 GW across thermal, hydro, and renewable…

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X-ELIO expands into Australian market with blue grass solar farm storage project

X-ELIO has announced the expansion of its Blue Grass Solar Farm, located in Queensland’s Western Downs, by integrating a 148 MW Battery Energy Storage System (BESS). This marks X-ELIO’s first hybrid solar and storage project in Australia.  The project will be developed in two phases: the first phase will deliver 60 MW BESS by 2025, followed by an additional 88 MW BESS in the second phase by 2026. The 200 MW solar farm, operational since…

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EIB grants €120 million loan to Iberdrola for energy innovation in Spain

The European Investment Bank (EIB) has signed a €120 million loan agreement with Iberdrola to support research and innovation in energy technologies, focusing on accelerating electrification and decarbonisation. The total investment associated with these initiatives amounts to €250 million. The funding will be directed toward the development of renewable energy technologies, including solar photovoltaic, hydro, wind power, hybrid, and agrovoltaic projects. It will also support research into decarbonisation technologies such as green hydrogen and heat…

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Energy Vault partners with Enervest Group for 1 GWh BESS project in Australia

Energy Vault Holdings has partnered with the Enervest Group to deploy a 1 gigawatt-hour (GWh) battery energy storage system (BESS) at the Stoney Creek site in New South Wales (NSW), Australia.  Enervest CEO Ross Warby highlighted the strength of the partnership, emphasizing Energy Vault’s expertise in technology and system design as key factors. He also mentioned the importance of engaging with local and indigenous communities, such as the Narrabri community, to ensure the successful delivery…

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Ocean Winds and Eletrobras partner to explore offshore wind opportunities in Brazil

Ocean Winds (OW) and Eletrobras have signed a memorandum of understanding (MoU) in São Paulo to collaborate on offshore wind energy projects in Brazil, aligning with the country’s renewable energy targets and economic development goals.  This partnership aims to harness Brazil’s wind resources to create a sustainable energy future while promoting local job creation and community development. OW, a 50/50 joint venture between EDP Renewables (EDPR) and Engie, has identified Brazil as a strategic market…

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Dominion finalises sale of 50% stake in CVOW project to Stonepeak

Dominion Energy has completed the sale of a 50% non-controlling interest in its Coastal Virginia Offshore Wind (CVOW) commercial project to Stonepeak, an alternative investment firm.  This transaction, first announced in February 2024, has provided Dominion Energy with $2.6 billion in proceeds, approximately half of the capital investment made in the project so far. Stonepeak will also finance half of the remaining project costs, following pre-disclosed conditions. Dominion Energy retains full operational control over the…