|

GEDA introduces guidelines for offgrid solar, wind, and hybrid projects

By

The Gujarat Energy Development Agency (GEDA) has introduced a comprehensive Standard Operating Procedure (SOP) for off-grid solar, wind, and wind-solar hybrid projects, with or without storage. This initiative is part of the Gujarat Renewable Energy Policy – 2023, aimed at facilitating Renewable Purchase Obligation (RPO) compliance and expanding access to clean energy solutions. Key Highlights of the SOP: Facilitating RPO Compliance: The SOP aims to help entities that are not connected to the state grid…

Power Sector News Roundup for December 19, 2024

By

Global: Hydro One to develop key transmission line in northern Ontario Montenegro prioritizes EUR 1.38 billion energy projects for EU accession CFS plans world’s first commercial fusion power plant in Virginia US DoE offers $15 billion loan commitment to PG&E ABB to acquire Gamesa Electric’s power electronics business in Spain Vietnam and Singapore to collaborate for electricity export Alternus Clean Energy acquires LiiON for $5 million KEPCO completes ±150 kV HVDC project connecting Wando and…

Power Sector News Roundup for December 16, 2024

By

Global: Envision Energy secures largest battery storage order in South Africa Masdar inaugurates 500MW Zarafshan wind farm in Uzbekistan Vestas secures 1.1GW order for Inch Cape offshore wind project in Scotland Westinghouse and BWXT Canada partner on nuclear new-build projects globally NorthWestern acquires 10% stake in North Plains Connector HVDC project GE Hitachi advances BWRX-300 SMR to GDA Step 2 in the UK KEGOC secures KZT141 billion funding for West Kazakhstan project Hydrom and thyssenkrupp…

Power Sector News Roundup for December 10, 2024

By

Global: CREC and Sungrow sign agreement for 1.5 GWh BESS supply AfDB appointed lead arranger for $340m Moyi Power metro-grids project in DRC India: India leads in clean-tech funding, surpassing China in Q3 2024 Tata Power to invest Rs 1.46 trillion to double capacity by 2030 Kerala announces electricity tariff hike of 16 paise per unit NTPC achieves fastest ever 300 BU generation milestone UPPCL resolves legal challenges to privatise two DISCOMs PFCCL incorporates SPV…

Power Sector News Roundup for November 29, 2024

By

Global: Egypt and Hynfra to develop $1.6 billion green ammonia facility SGCC connects first section of Ningxia–Hunan UHVDC transmission project First phase of UK-Germany energy link completed in NeuConnect project ENERCON advances onshore wind projects in Iceland and Turkey Sonnedix inaugurates 150 MW Betierra solar project in Spain Vestas secures order for Nordseecluster B offshore wind project in Germany Hexicon secures majority stake in 1.1 GW MunmuBaram wind project Hitachi Energy to supply grid solutions…

Power Sector News Roundup for November 26, 2024

By

Global: Masdar and Silk Road Fund to co-invest $2.8bn in renewable energy projects BayWa r.e. sells 517 MW US solar portfolio in largest transaction to date RWE acquires majority stake in R3 Renewables Equinor cuts 20% of renewables workforce amid offshore wind challenges Azerbaijan awards first 100 MW solar project to Universal International Arab Group opposes fossil fuel phase-out at COP29 climate summit Indonesia to retire coal-fired power plants by 2040 National Grid Renewables secures…

|

Mirova to invest $518m in RP Global’s clean energy projects

By

French asset management firm Mirova has committed €480 million ($518 million) to RP Global, an independent power producer (IPP), to advance its 2.5 GW pipeline of clean energy projects across Europe. The investment is split between the Mirova Energy Transition 6 (MET6) fund, providing €200 million, and an additional €280 million from a co-investment vehicle managed by Mirova. This partnership makes MET6 a significant minority shareholder in RP Global. Anne-Laure Messier, Mirova’s investment director, highlighted…

|

Masdar and Presight to launch AI tool for managing assets globally

By

UAE-based Masdar has teamed up with Presight to create an AI-driven asset management tool aimed at optimising its global renewable energy projects.  The tool will leverage big data analytics and generative AI to process billions of data points generated by Masdar’s solar panels and wind turbines. This collaboration seeks to enhance operational efficiency, predict maintenance needs, and boost renewable energy production by shifting from reactive to predictive maintenance strategies. Presight CEO Thomas Pramotedham emphasized the…