China’s central planning agencies have released the “Action Plan for Accelerating the Construction of a New Power System (2024-27)” to achieve the country’s dual carbon goals of peaking carbon emissions by 2030 and reaching carbon neutrality by 2060. The plan emphasises on three key areas: implementing a clean and efficient...
Results for the Solar Energy Corporation of India’s (SECI) Tranche XVI auction to develop 1.2 GW of inter-state transmission system (ISTS) connected solar projects located across India have been announced. The projects will be set up on a build, own and operate basis. The tender was issued in May...
Reportedly, the Punjab government is planning to install 66 solar power plants, each with a 4 MW capacity, with a total capacity of 264 MW in Punjab. The project will produce about 390 million units of electricity annually and is expected to save around Rs 1.36 billion each year through...
The German Federal Network Agency announced that RWE has secured the N-9.1 and N-9.2 sites in the North Sea as part of the latest offshore wind auction. These sites, located about 110 – 115 km northwest of the island of Borkum, near the Dutch Exclusive Economic Zone, are each...
NextEnergy Capital (NEC) announced that its latest international OECD Fund, NextPower V ESG (NPV ESG), has inked a binding agreement to acquire a 248 MW portfolio of 12 solar PV projects located in North-Eastern Spain. This portfolio represents the fourth investment for the Fund. This acquisition follows the recent...
China’s central planning agency – National Development and Reform Commission (NDRC), National Energy Administration, and National Data Administration have jointly released the “Action Plan for Accelerating the Construction of a New Power System (2024-27)” to achieve the country’s dual carbon goals of peaking carbon emissions by 2030 and reaching...
INDIA – Honeywell and Repsol announced a collaboration to create new production pathways for biofuels and circular materials. The two will also explore the possible integration of these methods into Repsol’s existing facilities. The companies plan to scale and commercialize Honeywell's technologies, which use various wastes like fats, oils, greases,...
SJVN Limited has commissioned its 90 MW Omkareshwar floating solar project. The project has been executed by SJVN Green Energy Limited, a wholly owned subsidiary of SJVN. The project has been developed at a cost of Rs 6.46 billion and is projected to generate 196.5 million units of energy in...
The Japan Bank for International Cooperation (JBIC) has signed a loan agreement of up to JPY25.5 billion with Power Finance Corporation Limited (PFC). JBIC will contribute JPY13.5 billion, with the rest co-funded by Sumitomo Mitsui Banking Corporation, the Bank of Yokohama Limited, the Shiga Bank Limited and the Bank of...
Envision India has signed a 116 MW turbine supply agreement for EN-156 3.3 MW turbines with BlueLeaf Energy. Envision has set up an annual manufacturing capacity of 3 GW for nacelle and hub in Pune, and 2.5 GW for blades in Trichy. They have invested over Rs 5 billion in...