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Iberdrola signs its largest green loan worth €1 B with Banco Santander

Spanish electric utility Iberdrola has signed its largest green loan with Banco Santander for an amount of €1 billion, which in turn is backed by an Export Credit Agency (ECA), said the company. The loan has a maximum term of 15 years.The funds will be used mainly to finance Iberdrola’s orders to suppliers of turbines […]

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Masdar to develop 4 GW green hydrogen plants in Egypt by 2030

UAE based renewable energy major Masdar and Hassan Allam Utilities, the investment and development arm of Hassan Allam Holding Group, have signed two MoUs with Egypt for the development of green hydrogen production plants in the Suez Canal Economic Zone and on the Mediterranean coast. The green fuel production projects will be inside Sokhna zone […]

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Statkraft inks 300 GWh RE PPA with German cement mfr

Statkraft, a hydropower company fully owned by the Norwegian state, has signed a further power purchase agreement (PPA) with OPTERRA, a German cement manufacturer, for the supply of renewable power from onshore wind and solar power. It follows a wind power PPA agreed in 2021 and enables OPTERRA to further transition its plant operations to a […]

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GE unveils turbine tower 3D printing facility in New York

Paris-based GE Renewable Energy has inaugurated a new research and development facility that will conduct research on how to 3D print the concrete base of towers used in wind turbines. The research will enable GE to 3D print the bottom portion of the wind turbine towers on-site at wind farms, lowering transportation costs and creating […]

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Siemens Gamesa to sell European RE assets to SSE for €580 million

Renewable Energy major Siemens Gamesa has announced that it has entered into an agreement with Scotland-based SSE Renewables to sell its South European renewables development assets for a total cash consideration of €580 million. The official statement says that the sale includes a pipeline of onshore wind projects that have a total capacity of 3.9 […]

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Green ammonia from green hydrogen can reduce India’s fertiliser subsidy burden

A shift to green ammonia would significantly reduce the Indian government’s massive fertiliser subsidy burden and boost energy self-reliance by cutting dependence on imports of expensive liquified natural gas (LNG) for fertiliser manufacturing, according to a new report by the Institute for Energy Economics and Financial Analysis (IEEFA). Of course, green ammonia itself would come […]

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Boralex, Energir, Hydro-Quebec Collaborate to develop 1.2 GW Wind Energy in Quebec

Canada’s leading energy players Boralex, Energir and Hydro-Quebec have come together for the development of three wind power projects with a combined capacity of 1200 MW, in Quebec province. The 400 MW Des Neiges Wind Farm – South will come up in the RCM of La Cote-de-Beaupre. Then 400MW Des Neiges Wind Farm – Charlevoix […]

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Assistant Manager – Estimation

Carry out internal estimation processes for preparation of cost estimates for budget or to provide a baseline value for procurement proposals for big size project – capex Business Roles and Responsibilities:- Ensure Preparation cost estimate and its review Mechanical as per requirement for BU procurement activities Coordinate with Category management team / Engg/ Project team […]

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Offshore wind developers alliance to launch 16 new R&D projects

UK-based Carbon Trust’s Offshore Wind Accelerator (OWA), a collaboration between nine offshore wind developers, is launching 16 new research and development (R&D) projects this year. The Carbon Trust is a company that helps organisations reduce their carbon emissions and become more resource efficient. The planned 16 projects span five key areas of logistics and operations […]

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