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ACWA Power to develop 800 MW solar + battery storage project in Morocco
ACWA Power has won contracts to build and operate two solar photovoltaic (PV) projects in Morocco, Noor Midelt II and Noor Midelt III, each with a capacity of 400 MW. Both projects will include battery energy storage systems, providing a combined storage capacity of 602 megawatt-hours (MWh). The storage systems can deliver 230 MW for…
Adani group entities raise stake in AESL via market purchases
Three entities of the Adani group have acquired equity shares in Adani Energy Solutions Limited (AESL) through open market transactions, as per a disclosure to stock exchanges. Adani Infra (India) Limited acquired 1.18 crore equity shares, representing 0.98% of AESL, on March 23, 2026. Separately, Gelt Bery Trade and Investment Ltd purchased 96.27 lakh shares…
GE Vernova plans $600 million investment in US factories
GE Vernova, an American energy manufacturer, plans to invest nearly $600 million in its US facilities by 2027 to address growing global electricity demands. The investment is for improving energy affordability, national security, and global competitiveness. The investments are part of a $9 billion global capital expenditure and R&D plan announced in December 2024. Key…
Transmission system to come up for Sonbhadra Pumped Storage Projects
The transmission system for evacuating power from pumped storage projects (PSPs) in Sonbhadra District, Uttar Pradesh, is being planned to support renewable energy generation. Two major developers, Greenko and Avaada, have submitted applications for connecting a total of 3732 MW capacity from the Robertganj area in Sonbhadra. Greenko has submitted three applications for a combined…
Tata Power’s board approves Rs 56.66 bn to set up 1,000 MW PSP
Tata Power‘s board has approved an investment of Rs 56.66 billion to develop a 1,000 MW pumped storage hydro project in Bhivpuri, Maharashtra. The project is slated for completion over 44 months, with financing structured as 75% debt and 25% equity. This initiative will enhance Tata Power’s existing capacity of 15.2 GW. Pumped storage hydro…
Centre explores PLI scheme for localising power transmission supply chain
The Indian government is considering various incentive options, including a production-linked incentive (PLI) scheme, to localise equipment for the power transmission sector, according to Union Power Secretary Pankaj Agarwal. Speaking at a Central Electricity Authority (CEA) event, Agarwal encouraged industry stakeholders to explore ways to localise the supply chain for transmission equipment. At the same…
