This project includes a 200 MW solar photovoltaic facility and a 500 MWh battery energy storage system (BESS) to enhance the stability of Uzbekistan’s power grid. Furthermore, six lenders have signed financing agreements, including EBRD, IsDB, DEG, Proparco, Standard Chartered, and KfW-IPEX Bank. The total debt financing amounts to $386...
Japan-based Marubeni and South Korea-based Doosan Enerbility have signed a memorandum of understanding (MoU) to develop offshore wind power in Vietnam.
Doosan plans to produce monopiles and other components for offshore wind turbines meanwhile, Marubeni will explore cooperation with Vietnam-based companies to boost the country’s offshore wind sector. According to...
ACWA Power has completed the dry financial close for the Tashkent Riverside project for a value of $533 million in Uzbekistan. This project includes a 200 MW solar photovoltaic facility and a 500 MWh battery energy storage system (BESS) to enhance the stability of Uzbekistan’s power grid. Furthermore, six lenders...
Ramky Infrastructure Limited has received notification of awards totaling Rs 1.31 billion from PowerGrid Energy Services Limited, a subsidiary of Power Grid Corporation of India Limited, to enhance the power distribution infrastructure in Ladakh.
The first contract, valued at Rs 1.07 billion is for the supply of plant contract, and...
The Saudi Power Procurement Company (SPPC) has inked power purchase agreements (PPAs) for three solar photovoltaic (PV) projects totaling 5.5 GW in Saudi Arabia. The agreements were signed with a consortium of Acwa Power, Badeel, and Aramco Power.
These projects include Haden Solar PV and Al-Muwaih Solar PV, each with...
Infinity Power has signed a MoU with the Cameroon West Regional Council to develop up to 4 GW of renewable energy capacity by 2035. This initiative aims to meet the country’s growing domestic power requirements.
Furthermore, the projects will be developed in different phases and will include a mix of...
The Delhi Electricity Regulatory Commission (DERC) has issued guidelines for prosumers and consumers to engage in secure peer-to-peer (P2P) electricity trading. The Delhi discoms had submitted a petition to establish the charges necessary to facilitate these transactions. The commission’s guidelines are designed for prosumers but do not apply to...
DÜSSELDORF - Yard Force is excited to announce the launch of the LX PS300 Portable Power Station, a versatile and powerful battery backup solution designed for a variety of applications, from camping and outdoor activities to emergency power supply. With a battery capacity of 296Wh and peak output of...
NANJING, China - SMC Diode Solutions celebrated the opening of its second power discrete fab in Nanjing, China. The new facility realized volume production only 21 months after groundbreaking in September 2022, and will begin shipments to customers in Q4 2024 for high power and high voltage rectifiers and...
The National Research and Innovation Agency (BRIN) has announced plans to commence testing and operations of Indonesia’s first commercial nuclear power plant between 2030 and 2034.
This initiative aligns with Indonesia’s strategy to incorporate nuclear energy into its renewable energy mix to achieve net zero emissions by 2060. Currently, the...