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Norway proposes $3.29bn subsidy for 2025 floating wind tender

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On 7 October, the Norwegian government announced a proposal to provide up to Nkr35 billion ($3.29 billion) in subsidies for its planned floating wind tender in 2025. The funding, based on a 500 MW reference project, is intended to support the development of floating offshore wind, a key growth area for Norway’s renewable energy sector. The tender will be Norway’s first commercial floating wind round, with the country targeting 30 GW of offshore wind capacity…

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World likely to miss UN target to triple renewable capacity by 2030: IEA

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The world is expected to fall short of the UN’s target to triple renewable energy capacity by 2030, despite many countries surpassing their national targets, according to the International Energy Agency’s (IEA) latest report, Renewables 2024. The report forecasts the deployment of over 5.5 TW of renewable energy by 2030, a threefold increase compared to 2017-2023, equivalent to the combined current power capacity of China, India, the US, and the EU. Around 70 countries, representing…

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Suzlon to supply wind turbine generators to Jindal Renewables

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Suzlon Group has signed an agreement with Jindal Renewables, the renewable energy division of Jindal Group, to supply wind turbine generators (WTGs) totalling 400 MW. The order, placed by JSP Green Wind 1 Pvt Ltd, a special purpose vehicle (SPV) of Jindal Renewables Power Pvt Ltd, raises Suzlon’s total order book to nearly 5.4 GW. Suzlon will deliver 127 WTGs, each with a capacity of 3.15 MW, featuring hybrid lattice tubular (HLT) towers. These turbines…

Power Sector News Roundup for October 8, 2024

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Global: Malaysia’s power utility partners with Keppel to supply 100 MW in cross-border deal Taihan Cable secures contract for Singapore’s 400 kV power grid Runergy launches solar module manufacturing facility in US EET to develop UK’s first large-scale low-carbon hydrogen hub CWP Global to develop 600 MW green hydrogen project in Angola India: IEX posts 24% growth in trading volume, REC prices hit all-time low in September 2024 GAIL, AM Green signs MoU to jointly…

Power Sector News Roundup for October 4, 2024

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Global Development: TotalEnergies kick-starts its largest US utility-scale solar farms with batteries. GE Vernova to supply 38 turbines for Boulder Creek Wind Farm in Queensland. RES sells 436.5 MW Tarong West Wind Farm to Stanwell in Australia. Texas approves Permian Basin Reliability Plan to meet rising electricity demand. China has invested over $100 billion overseas in cleantech since 2023. Axess Technologies secures cable installation contract for Denmark’s Thor offshore project. Powin secures $200 million credit…

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Investment Opportunities for Utility-Scale Solar and Wind Areas in Mali

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The International Renewable Energy Agency (IRENA) has conducted a thorough zoning assessment to identify the most promising regions in Mali for the development of utility-scale solar photovoltaic (PV) and onshore wind projects. This assessment serves to inform potential investors, policymakers, and developers on optimal locations, considering both technical feasibility and economic viability. The results are crucial for Mali’s renewable energy future, particularly as it looks to enhance its electricity supply and contribute to global climate…

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Accelerating Wind Repowering in Tamil Nadu

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Tamil Nadu stands as a leader in India’s power sector, ranking third in the nation with a total installed power capacity of 39.7 GW as of March 2024. Of this, renewable energy accounts for 56%, with wind power contributing a substantial 10.7 GW, making Tamil Nadu the second-highest in India for wind energy capacity. Coal and lignite dominate the state’s energy generation, comprising 37% of the installed capacity, while wind energy accounts for 26.7% of…

Key Power Sector News Roundup for September 23, 2024

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CEA Clears Two Hydro Pumped Storage Projects in Maharashtra The Central Electricity Authority (CEA) has approved two hydro pumped storage projects in Maharashtra, the 1,500 MW Bhavali PSP by JSW Energy and the 1,000 MW Bhivpuri PSP by Tata Power, adding 15 GWh of storage. For FY25, 15 hydro PSPs totaling 25,500 MW are planned.   Ministry of Power Issues EV Charging Infrastructure Guidelines for 2024 The Ministry of Power has issued 2024 guidelines for EV…