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Electricity Market

Kona Energy Will Develop 200 MW Battery

British energy storage developer Kona Energy has recently secured permission to plan and develop a 200 MW battery at Heysham on Morecambe Bay in Lancashire. Once developed the battery will also replace local grid services due to be lost when the Heysham 1 and 2 nuclear reactors are decommissioned, in 2024 and 2028. Besides, the […]

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Statkraft May Supply Renewable Energy to Plants of FREYR Battery in Norway

Europe’s largest renewable energy player – Statkraft – has signed a binding ‘Heads of Terms’ with FREYR Battery with an aim of converting it into a long-term physical supply agreement, with the ambition to secure a long-term supply of renewable power for FREYR’s planned battery cell production project in Mo i Rana city of Norway. […]

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Surat Municipal Body Saves Rs 65 Cr, Thanks To Renewable Power

Setting up an example as to how renewable energy can help the government to save on its scarce revenue, Surat Municipal Corporation (SMC) in Gujarat has saved Rs 65 crore by the optimal use of solar power. The SMC has solarized as many as 60 of its offices in multiple departments with solar power panels. […]

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Shell and Inaccess to deploy Unity Platform in 100MW Hybrid Project

As part of its global push in the renewable energy space, global energy firm Shell has developed a hybrid asset in the Netherlands in collaboration with Inaccess that would help in monitoring and controlling the renewable energy project. The Shell-developed renewable power plant consists of a 50MW photovoltaic power plant and a 50MW wind farm. […]

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GoodLeap Securitizes $467 Million Residential Solar Loan

Leading American Solar loan provider GoodLeap (formerly Loanpal), announced on May 23 the closure of GoodLeap Sustainable Home Solutions Trust 2022-2 following the securitisation of residential solar loans worth $467 million to approximately 11,000 homeowners. Originated on the GoodLeap platform, the securitization was underwritten by Credit Suisse and Goldman Sachs. Tanguy Serra, GoodLeap’s President and […]

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Gas Lobby Hinders RE Transition In Chile

The Gas lobby is throwing a spanner in the transition to renewable energy in Chile which likes to present itself as a worldwide leader on climate change. Solar and wind projects have been developed across North Chile. But, across most of South Chile people use wood for combustion. A report recently published liberally quoted Chile’s […]

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British International Investment completes 250 MW RE projects in Pakistan

British International Investment (BII) has said that renewable energy projects that have been supported by it with financing for an aggregate capacity of 250 MW in Pakistan have been completed. Habib Yousuf, Country Director for Pakistan at BII and British Deputy High Commissioner to Karachi, Mike Nithavrianakis joined an event marking the occassion. The projects […]

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Alcoa Signs Contract for Renewable Power to Support Restart of Aluminum Smelter

Alcoa Corporation has announced the signing of a contract for renewable energy to support the planned restart in 2024 of aluminum smelting at the San Ciprián smelter in Spain. The official statement of Alcoa has said that the long-term power purchase agreement (PPA) is with Greenalia, an independent renewable energy developer and producer. Subject to […]

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