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Japan eyes manufacturing and solar energy partnerships in Rajasthan

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Japan has identified manufacturing and renewable energy, particularly solar energy, as key sectors for collaboration with Rajasthan.  This focus was highlighted during the Japan Country Session titled “Versatility of Industries: Manufacturing and Beyond” at the Rising Rajasthan Global Investors Summit in Jaipur on December 9, 2024. The session emphasized leveraging Japan’s advanced technologies, sustainability initiatives, and digital expertise to bolster Rajasthan’s industrial base.  Discussions explored potential partnerships to drive growth in renewable energy and manufacturing,…

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AfDB appointed lead arranger for Moyi Power metro-grids project in DRC

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The African Development Bank (AfDB) has been named the mandated lead arranger for the Moyi Power metro-grids project, a $340 million private sector-led electrification initiative in the Democratic Republic of Congo (DRC). The project is now entering the financing stage. Spearheaded by the Moyi Power consortium, which includes Gridworks, Eranove, and AEE Power, the initiative aims to provide clean, reliable, and affordable electricity to one million people across three cities in the DRC—Bumba, Isiro, and…

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EliTe Solar commissions new solar cell production facility in Indonesia

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EliTe Solar has officially opened a new solar cell production facility in Indonesia, aimed at driving clean energy adoption and fostering sustainable economic growth in the region.  The facility, developed in collaboration with local authorities and partners, is set to generate employment, boost local incomes, and create an industrial cluster in the area. With Indonesia’s vast solar potential of 3,294 GW, the new facility is strategically positioned to meet rising demand while contributing to the…

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ReNew commissions 750 MW of 1 GW solar project in Rajasthan

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ReNew has commissioned 750 MW of its 1 GW solar project in Rajasthan, with the remaining 225 MW set to become operational by January 2025.  The project, developed in partnership with the Solar Energy Corporation of India (SECI), is designed to supply clean energy exclusively to Rajasthan through three Power Purchase Agreements (PPAs). Part of the Make in India initiative, the project focuses on localisation, with 90% of the solar panels manufactured in Rajasthan and…

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Meta signs agreements for 760 MW of renewable energy with Invenergy

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Meta Platforms has signed four environmental attribute purchase agreements (EAPAs) with Chicago-based energy company Invenergy, securing 760 MW of renewable energy. This brings Meta’s total clean energy procurement from Invenergy to over 1 GW. Meta’s head of global energy, Urvi Parekh, highlighted the company’s commitment to clean energy, stating that surpassing the 1GW milestone demonstrates their dedication to matching growing power needs with renewable energy.  The agreements cover four solar energy centres in the US,…

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Green & Clean Power raises $300 million for solar and storage project in Arkansas

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US-based Green & Clean Power (GCP) has secured $300 million in debt and equity financing to develop a solar energy generation and battery storage facility in Osceola, Arkansas.  The funding includes $165 million in construction debt financing from KfW IPEX-Bank, with market advisory from Aurora Energy Research, and an additional $100 million in takeout financing from the Arkansas Teacher Retirement System (ATRS). The 500-acre solar facility is expected to be completed by autumn 2025 and…

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Longroad Energy closes financing for 111MW Sun Pond solar project

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US-based renewable energy developer Longroad Energy has reached the financial close for the Sun Pond project, a 111MWdc solar and 85MWac/340MWh storage initiative located in Maricopa County, Arizona.  The project, part of the Longroad Sun Streams complex, has begun construction, with commercial operations expected by mid-2026. The Sun Pond project will generate electricity for the city of San Jose, California, and Ava Community Energy under long-term power purchase agreements. The project is expected to power…

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Glow raises USD 30 million to expand solar energy projects in India

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Green energy startup Glow has secured USD 30 million (approximately Rs 2.5 billion) in funding from venture capital firms Framework and Union Square Ventures.  The investment will support Glow’s efforts to promote renewable energy adoption globally, with a primary focus on India. Since its founding in 2023, Glow has launched three solar farms in Rajasthan, generating a total of 21.3 MW of solar power.  These facilities are located at Rays Power Experts’ site near Bikaner….

Power Sector News Roundup for December 4, 2024

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Global: US imposes preliminary antidumping tariffs on Southeast Asian solar imports. JDR Cable Systems to install subsea cables for the largest US offshore wind farm. TotalEnergies and AEW secure a 300-MW solar project in Saudi Arabia. Quaise Energy partners with Nevada Gold Mines to retrofit a power plant with geothermal energy. Equinix signs a second renewable energy PPA with Sembcorp Power. PGE signs a PPA with Avangrid for a 120 MW solar project. Axpo Nordic…

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Equinix signs second renewable energy PPA with Sembcorp Power

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Equinix has entered its second power purchase agreement with Sembcorp Power to source renewable energy.  The project, with a maximum capacity of 58.5 MWp, will be developed on JTC properties on Jurong Island.  This includes 60 hectares of vacant land and rooftops of five JTC buildings, such as the Jurong Rock Caverns above-ground facilities and the Jurong Island Checkpoint.  The project is expected to begin operations in 2029.