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Ramboll completes K2 Management acquisition

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Global engineering firm Ramboll has finalized its acquisition of K2 Management, an engineering consultancy specializing in wind and solar energy.  With this acquisition, K2 Management is now integrated into Ramboll Group, significantly boosting Ramboll’s wind expertise, which has grown at an annual rate of 25% over the past three years. Ramboll’s Global Wind Division, led by Tim Fischer, anticipates full operational integration by the first half of 2025.  The combined wind division now includes over…

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Philippines DOE approves expanded capacity for Tanay Wind Project

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The Philippines Department of Energy (DOE) has approved an increase in the registered capacity for the Tanay Wind Power Project, raising it to 128 MW from its initial 112 MW.  This expansion allows Alternergy Tanay Wind Corporation, a subsidiary of Alternergy Holdings Corporation, to install 16 wind turbines of 8 MW each, representing the largest onshore wind turbines in the country. The project, with financing of approximately PHP8 billion, is Alternergy’s second wind facility in…

Power Sector News Roundup for November 6, 2024

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Global: Westbridge sells 75% stake in Alberta’s Sunnynook solar project to METLEN Emeren and Arpinge partner on 300MW battery storage portfolio in Italy EDF Renewables signs 20-year energy storage PPA with APS for 250 MW Beehive BESS UAE’s Nakheel and DEWA partner on 132 kV substation in Palm Jebel Ali Canada proposes 35% emissions cap on oil and gas sector by 2030 ACCIONA Energía acquires 300 MW of wind capacity in Texas FTC Solar to…

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ACCIONA Energía acquires 300 MW of wind capacity in Texas

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ACCIONA Energía has acquired two wind farms in Texas, Green Pastures I and Green Pastures II, each with a capacity of 150 MW.  Located in Baylor and Knox Counties, these fully operational projects were acquired from private asset management firms for $202.5 million, boosting ACCIONA’s total installed capacity in the US. The two wind farms are integrated into the Electric Reliability Council of Texas (ERCOT) grid, which handles 90% of Texas’s electricity. Together, they will…

Power Sector News Roundup for November 5, 2024

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Global: ACWA Power secures $240 million IFC loan for Uzbekistan’s RE projects HydroWing and PLN to develop Indonesia’s first tidal energy plant Huasun Energy to supply 1 GW of HJT solar modules for Power China’s offshore PV project Avantus sells Catclaw Solar and Energy Storage Project to DESRI India: Premier Energies’ subsidiaries receive orders worth Rs 5.6 billion Gensol Engineering secures Rs 7.8 billion solar EPC order in Maharashtra NTPC and ONGC partner to drive…

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Senvion India to double wind turbine manufacturing capacity by 2026

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Senvion India, the country’s fifth-largest wind turbine manufacturer, has announced plans to expand its manufacturing capacity to 2 GW by 2026. To support this growth, the company will invest over USD 100 million in research and development (R&D) and supply chain advancements over the next two years, focusing on launching new technologies. In September, Senvion India introduced a 4.2 MW wind turbine model, its first four MW turbine, developed in collaboration with RE Technologies, a…

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OX2 to manage Piiparinmaki wind farm, Finland, for Nuveen

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Renewable energy solutions provider OX2 has entered into an asset management agreement with Nuveen Infrastructure to manage the Piiparinmaki wind farm in Finland. OX2 will oversee the facility’s technical, commercial, and financial management, which began commercial production in the summer of 2022, to maximize its performance. Nuveen Infrastructure, the private infrastructure investment arm of global asset manager Nuveen, manages $1.2 trillion in assets. Jordi Francesch, managing director of Nuveen Infrastructure Asset Management, expressed enthusiasm for…

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Refex and Winvision to form JV to manufacture wind turbines in India

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Chennai-based Refex Industries has formed a joint venture with Winvision Enterprises to establish Refex Green Energy Limited (RGEL), focused on wind energy solutions. Refex will hold a 75.5% stake in RGEL, while Winvision will own the remaining 24.5%.  The JV aims to position RGEL as a comprehensive provider in the wind energy sector, covering manufacturing and assembly of wind turbine generators and components, including nacelle assemblies, hub assemblies, rotor blades, and control equipment. Additionally, RGEL…

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

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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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JSW Neo Energy acquires 125 MW wind assets from Hetero Group

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JSW Neo Energy Limited (JSWNEL), a subsidiary of JSW Energy Limited, has acquired three special purpose vehicles (SPVs)—Hetero Wind Power Limited, Hetero Wind Power (Pennar) Private Limited, and Hetero Med Solutions Limited—from Hetero Labs Limited and Hetero Drugs Limited.  These SPVs have a combined wind energy capacity of 125 MW. This acquisition aligns with JSW Neo Energy’s strategy to expand its renewable portfolio and supports its goal of achieving 10 GW of installed capacity by…