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Tyre Maker CEAT Buys 26% Stake in Cleanwin Energy

Tyre maker CEAT Ltd on Monday announced it has completed the acquisition of 26 per cent stake in Cleanwin Energy, for which it had signed a pact with Yellowstone Clean Energy LLP last month. Cleanwin Energy owns, operates and maintains a captive wind power generating plant in Maharashtra. The RPG Group company plans to move […]

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Vineyard Wind Raises $2.3 B for 800 MW Wind Project in Atlantic Ocean

Vineyard Wind, a joint venture between Avangrid Renewables, a subsidiary of AVANGRID, and Copenhagen Infrastructure Partners (CIP), has achieved financial close for its first project, raising $2.3 billion of senior debt for the construction of an 800 MW offshore wind farm in U.S. federal waters in the Atlantic Ocean. Nine international and U.S. based banks helped […]

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Ocean Winds, Aker Submit Joint Bid for 6GW Offshore Wind in Scotland

Spain-based Ocean Winds and Norway-based Aker Offshore Wind have submitted joint bids worth 6 GW for the development of floating offshore wind projects in the ScotWind leasing round. The joint venture has submitted bids for several sites in the Outer Moray Firth for offshore wind farms as part of the ScotWind process, which was accepting applications until […]

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Sri Lanka To Increase Rooftop Solar Investments, Cease Fresh Coal Plants

After announcing its 2030 goals of achieving 70% electricity through renewables, Sri Lanka is now accelerating its investments in rooftop solar and planning to rule out new coal power investments.  Sri Lanka‘s renewable energy sources currently are primarily HydroPower, which accounts for 35% of its electricity from renewables in 2019. The country has total generation […]

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EDF, Oceanus, Plan Power & Desalination, By Using Pumped Storage, Renewable Energy

French energy utility major EDF and Oceanus have announced plans to build a pumped hydro storage station along with a desalination plant powered by wind and solar. The plan is to use saltwater to produce hydropower during periods of high demand, while producing affordable freshwater using the same energy. The project will be located in […]

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GE Finalises Supply Contract for Orsted’s 1.1 GW Ocean Wind Offshore Project

GE Renewable Energy has finalised supply and service contracts with Ocean Wind, the 1.1 GW Ørsted Project off the coast of New Jersey. GE Renewable Energy has announced that it has finalised supply and service contracts with Ocean Wind, the Ørsted Project off the coast of southern New Jersey. Ocean Wind will feature GE’s Haliade-X […]

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CCEA Approves RCE for North Eastern Region Power System Improvement Project

The Cabinet Committee on Economic Affairs (CCEA) has approved the Revised Cost Estimate (RCE) of the North Eastern Region Power System Improvement Project (NERPSIP) at an estimated cost of Rs.6,700 crore. This is a major step, towards the economic development of the North Eastern Region through the strengthening of Intra-State Transmission and Distribution systems. Announced […]

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Ørsted Divests 25% of 1.1 GW Ocean Wind Offshore Project

Ørsted has entered into an agreement to sell a 25% ownership interest in its 1,100 MW Ocean Wind offshore wind project to New Jersey’s PSEG. Ørsted has entered into an agreement to sell a 25 percent ownership interest in its 1,100 MW Ocean Wind offshore wind project to New Jersey’s Public Service Enterprise Group (PSEG). […]

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