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EAAIF, FMO, and DEG invest €84 million in Senegal solar projects
The Emerging Africa & Asia Infrastructure Fund (EAAIF), the Dutch development bank FMO, and Deutsche Investitions- und Entwicklungsgesellschaft mbH (DEG) have collectively invested €84 million in two photovoltaic solar plants with battery storage systems in Senegal’s Kolda region. These projects, operated by Axian Energy, will have a combined capacity of 60 MW with 72 MWh…
Mission 300 Initiative secures over $8bn in funding
The Mission 300 initiative, aimed at providing electricity to 300 million Africans by 2030, has raised more than $8bn in funding commitments during the Mission 300 Africa Energy Summit in Dar es Salaam, Tanzania, held from 27 January to 28 January 2025, as reported by Reuters. The summit was hosted by the United Republic of…
Global Contract and Deal Updates – January 27, 2025
NextEra partners with GE Vernova for natural gas-fired project NextEra Energy has partnered with electric services company GE Vernova to develop natural gas-fired power generation projects in the United States, as reported by Reuters. The collaboration aims to primarily supply electricity to AI data centres and other significant power consumers. This partnership comes amid rising…
US DoE allocates $175 million for coal plant upgrades
The US Department of Energy (DoE) has announced $175 million in funding for six projects focused on modernising, retrofitting, and extending the operational life of coal-fired power plants serving rural and remote communities across the United States. The awards form part of the department’s broader $525 million programme aimed at improving reliability and efficiency across…
ACME commissions wind and BESS capacity in Gujarat, Rajasthan
ACME Solar Holdings Limited has reported new commissioning milestones across its wind and battery energy storage system (BESS) portfolio in Gujarat and Rajasthan, all achieved on April 13, 2026. ACME Eco Clean Energy Private Limited, a subsidiary of ACME Solar Holdings Limited, completed the final 4 MW tranche of its 100 MW wind project located…
Cabinet approves revised SHAKTI policy
The Cabinet Committee on Economic Affairs (CCEA) has approved the revised SHAKTI (Scheme for Harnessing and Allocating Koyala Transparently in India) policy to streamline coal allocation for thermal power plants across central, state, and private sectors. The revised policy introduces two simplified categories for coal linkages—Window-I and Window-II. Window-I allows central and state government-owned power…
