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AES Andes submits EIA for industrial-scale green hydrogen project in Chile
AES Andes has submitted an Environmental Impact Assessment (EIA) to Chilean authorities for its proposed Inna green hydrogen project, which is aligned with Chile’s National Green Hydrogen Strategy. The project is in its early stages of development and focuses on producing green hydrogen for both export and domestic use. In addition, AES Andes has signed…
World Bank lifts nuclear funding ban for developing nations
The World Bank has ended its 2013 ban on financing nuclear energy projects in developing countries. The decision, reported by Reuters, reflects a shift in response to rising electricity demand and a push for energy diversification. Under the new strategy, the Bank will support countries in developing nuclear power, including life-extension of existing reactors and…
ENERCON advances onshore wind projects in Iceland and Turkey
ENERCON has partnered with Iceland’s state-owned energy provider Landsvirkjun to deliver the country’s first large wind farm. The 120 MW project in Búrfell, approximately 130 km from Reykjavik, will use 28 E-138 EP3 turbines. Construction begins this year with turbine installation scheduled for 2026. Additionally, ENERCON has signed a letter of intent with Turkish energy…
Sembcorp Industries secures wind-solar hybrid project from SECI
Sembcorp Industries, through its subsidiary Sembcorp Green Infra, has won a 150 MW wind-solar hybrid project from the Solar Energy Corporation of India (SECI). The project, connected to the interstate transmission system (ISTS), is part of SECI’s 600 MW bid. Sembcorp has received the letter of award (LoA) for this build-own-operate (BOO) initiative. The power…
SWELECT Energy to raise Rs 1.38 billion through NCDs
SWELECT Energy Systems has announced plans to raise Rs 1.38 billion through the issuance of 1,385 non-convertible debentures (NCDs) with a face value of Rs 1 million each via private placement. These secured, unlisted, rated, redeemable, non-cumulative, taxable NCDs will carry a 12.5-year tenure and an average interest rate of 9.5%. The funds raised will…
Tata Power commissions 431 MWp solar project in Madhya Pradesh
Tata Power Renewable Energy Ltd (TPREL), a subsidiary of Tata Power, has completed a 431 megawatt peak (MWp) direct current solar power project in Neemuch, Madhya Pradesh. Built over 2,000 acres, the project uses 765,408 bifacial glass-to-glass modules mounted on single-axis solar trackers. The system’s DC capacity is 431 MWp with an alternating current output…
