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Milestone: Ørsted Inaugurated Taiwan’s First Commercial Offshore Wind Farm

This 128 MW wind power plant is a joint venture (JV) between Ørsted, Japan’s JERA, financial services provider Macquarie Capital and Taiwan-based Swancor with shareholding of 35 percent, 32.5 percent, 25 percent and 7.5 percent respectively. Danish power company Ørsted has officially inaugurated the Taiwan’s first commercial offshore wind farm named Formosa 1. The commissioning […]

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Vestas Secures 103 MW Order and EPC Contract in New Zealand

Vestas has signed a 103 MW engineering, procurement, and construction contract with New Zealand-based electricity generator and retailer Mercury. Vestas has signed a 103 MW engineering, procurement, and construction contract with New Zealand-based electricity generator and retailer Mercury. The deal will extend Mercury’s Turitea Wind Farm from 119 MW to 222 MW, improving the cost […]

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Kerala Adds New Powerline to Boost Power Import Capability by 800 MW

The Edamon-Kochi power highway has been formally inaugurated and will increase the power import capability of Kerala by 800 MW. Kerala Chief Minister Pinarayi Vijayan has formally inaugurated the 148 km long Edamon-Kochi power highway which will increase the state’s power import capability by 800 MW. “With the completion of the Edamon-Kochi power highway, power can […]

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€6.9 bn EIB Backing for Renewables, Sustainable Transport and Innovation

EIB has agreed to support EUR 6.9 billion of new financing to improve renewable energy, sustainable transport, social housing, communication, etc. The Board of the European Investment Bank (EIB) has agreed to support EUR 6.9 billion of new financing. This includes backing new investments across Europe and around the world to improve renewable energy, sustainable […]

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Pakistan Signs Deal for 560 MW of new Wind Energy Capacity

Pakistan through its AEDB has signed implementation agreements with 11 wind IPPs for 560 MW of new wind energy capacity to serve the Pakistan grid. In the efforts to achieve greater energy security, the Government of Pakistan through it’s Alternative Energy Development Board (AEDB) has signed implementation agreements and guarantees direct agreements with 11 wind […]

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Tariff Relief For Welspun, NSEFI Through APTEL in Tamil Nadu

The Appellate Tribunal for Electricity (APTEL), the final authority, other than the Supreme Court, for adjudicating on power-related issues, has provided relief to Welspun Renewables Energy Private Limited, in its appeal against an order of the TNERC. (Tamil Nadu Electricity Regulatory Commission) with the TANGEDCO as co-respondent. The TNERC order was passed on 28th March […]

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LG Chem EV Battery Gigafactory in Poland to be Powered by EBRD

EBRD has extended a long-term loan of EUR 250 million to support the construction of an EV battery gigafactory in Poland by LG Chem The European Bank for Reconstruction and Development (EBRD) has announced that it has extended a long-term loan of EUR 250 million to support the construction of an EV battery gigafactory in Wrocław […]

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Azure Power Quarterly Revenue up 28% at $40.3 Million

Azure Power has announced its consolidated results under the United States GAAP for the fiscal Q2 2020, reporting an increase in revenue of 28 percent Azure Power, a leading independent solar power producer in India, has announced its consolidated results under the United States Generally Accepted Accounting Principles (GAAP) for the fiscal second quarter 2020, […]

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TBEA To Open GW-class PV Inverter Facility in India on November 29

TBEA Xi’an Electric Technology Co. Ltd., an arm of TBEA Group, will inaugurate its GW-class photovoltaic (PV) inverter facility in India on November 29 this year. The firm has emerged as a strong player from its base in China, establishing 2 R&D centers in Xi’an and Munich, Germany. With more than 10 major scientific research […]

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