Vena Energy and Shell Eastern Trading have received conditional approval from Singapore’s Energy Market Authority to export 400 MW of solar power from the Riau Islands, Indonesia, to Singapore.
The project will generate over 2.6 TWh of renewable energy annually, supported by more than 2 GW of solar photovoltaic plants and 8 GWh of battery storage systems.
RWE has installed a high-voltage direct current (HVDC) offshore converter platform (OCP) at the 1.4 GW Sofia offshore wind farm in UK waters. This technology is crucial for converting high-voltage alternating current (HVAC) to HVDC, enabling efficient energy transmission. The project remains on track to be fully operational by 2026, providing enough electricity to power 1.2 million UK homes. The OCP, which took over two and a half years and more than 13 million hours…
Vistra has signed definitive agreements to acquire the remaining 15% equity interest in its subsidiary, Vistra Vision, from affiliates of Nuveen Asset Management and Avenue Capital Management II LP. This acquisition will make Vistra the sole owner of Vistra Vision, which holds key assets, including the 6.4 GW Comanche Peak, Beaver Valley, Davis-Besse, and Perry nuclear generation facilities, along with the Vistra Zero renewables and energy storage business. The $3.248 billion cash transaction, set to…
India’s climate policies are on track to reduce carbon dioxide emissions by around four billion tonnes from 2020 to 2030, leading to a 24% drop in coal-based power generation, according to a report by the Council on Energy, Environment and Water (CEEW). This projection surpasses India’s COP26 commitment to reduce emissions by one billion tonnes by 2030. CEEW’s analysis reveals that policies across India’s power, residential, and transport sectors saved 440 million tonnes of CO2…
A new study led by Jayanarayanan Kuttippurath, a senior professor at IIT-Kharagpur’s Centre for Ocean, River, Atmosphere, and Land Sciences (CORAL), has refuted previous claims of a ‘severe ozone hole’ in the tropical stratosphere. The research, titled “No Severe Ozone Depletion in the Tropical Stratosphere in Recent Decades,” analyzed 42 years of data, dismissing concerns about ozone depletion in the tropics and associated health threats. Kuttippurath and his team examined ground-based ozonesonde and satellite data…
Powin, an energy storage solutions provider, has secured a revolving credit facility of up to $200 million, primarily from insurance accounts managed by investment firm KKR. The funding will support Powin’s working capital, drive innovation, and enhance financial flexibility as the company expands within the growing energy storage sector. Key equity investors in Powin include Greenbelt Capital Partners, Trilantic, and Energy Impact Partners, with Guggenheim Securities advising on the capital raise.
President-elect Donald Trump has nominated North Dakota Governor Doug Burgum as U.S. Secretary of the Interior and chairman of the newly created National Energy Council. Burgum expressed gratitude for the nomination, emphasizing the importance of balancing resource development with environmental stewardship while strengthening relationships with tribal nations, landowners, and energy developers. As chairman of the National Energy Council, Burgum will lead efforts to coordinate federal energy policies, focusing on innovation and the expansion of U.S….
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