Category: News

New York State approves the expanded Clean Energy Standard for achieving 70 per cent renewables by 2030

New York Governor Andrew M. Cuomo announced an expansion of the Clean Energy Standard as approved by the New York State Public Service Commission. With this, the state has the authority to issue Request for Proposals for renewable power deployment so as to help in achieving the goals laid out in New York’s Climate Leadership and Community Protection Act, or CLCPA.

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CLP India raises Rs 2,960 million through a green bond issuance

One of India’s leading foreign investors in the power sector, CLP Group’s wind energy arm in India, CLP Wind Farms (India) has raised Rs 2,960 million through the issuance of rated, secured, unlisted, redeemable and non-convertible debentures. The green bonds will be issued in two tranches of Rs 1,969 million and Rs 1,000 million.

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Statkraft to construct a 519 MW wind project in Brazil

Statkraft is implementing a 519 MW wind power project in northeastern Brazil, which will consist of 10 wind farms. The Ventos de Santa Eugenia wind project is Statkraft’s largest wind project in South America. This 519 MW project is the first stage of the total 1.1 GW planned capacity.

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Tunisia issues tender for 70 MW of solar power projects

The Ministry of Energy, Mines, and Renewable Energy of Tunisia has invited bids for 70 MW of solar power projects. The tender has two phases, one of 60 MW and the other one of 10 MW. In the first phase of 60 MW, each project will have a maximum solar capacity of 10 MW. Meanwhile, in the second phase of 10 MW, each project will have a maximum project capacity of 10 MW.

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ANDRITZ to supply electro-mechanical equipment for Greenko’s pumped storage plant in India

ANDRITZ has received a contract from Greenko, one of the largest independent power producers in India, for the supply of electro-mechanical equipment for the 1,200 MW Pinnapuram pumped storage plant located in Andhra Pradesh, India. The contract includes design, manufacture, supply, transportation, erection, testing, and commissioning of four 240 MW units, two 120 MW reversible pump units, main inlet valves and associated auxiliaries.

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Egypt sells $750 million in maiden sovereign green bond issuance

Egypt’s Ministry of Finance successfully issued the first public sovereign green bond offering in the Middle East and North Africa, at a value of $750 million for five years, exceeding the government’s expectations of $500 million. The bonds are important to finance the country’s expenditures related to green projects as part of the Egypt Vision 2030, which gives priority to green investments.

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Greenalia plans four new offshore wind farms in Canary Islands

Spanish renewable independent power producer Greenalia is planning to develop four new offshore wind power plants in Spain and has recently filed the project and environmental planning applications. These projects with a total installed power capacity of 200 MW would be located in the vicinity of its 50 MW GOFIO offshore wind farm coming up near Canary Islands.

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Swancor Renewable Energy to set up a 4.4 GW offshore wind portfolio in Taiwan

Swancor Renewable Energy, backed by affiliates of U.S.-based Stonepeak Infrastructure Partners, is developing a 4.4 GW portfolio of offshore wind projects in the northwestern territorial waters of Miaoli County in Taiwan. The portfolio would be spread over three sites: Formosa 4-1, Formosa 4-2 and Formosa 4-3, around 18 to 20 kilometers off the coast of Miaoli County.

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Western Australia invites proposals for a 1.5 GW wind and solar hydrogen hub

The government of Western Australia has issued a call for expressions of interest to develop a massive 1.5 GW renewable energy hydrogen hub in the Oakajee Strategic Industrial Area. The aim of the project is to produce renewable hydrogen for Australian domestic use as well as export. The last date for submission of proposals is December 24, 2020.

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BP and Microsoft come together to drive digital energy systems

BP and Microsoft have agreed to collaborate as strategic partners to facilitate digital transformation in energy systems and help the companies work towards their goals of becoming carbon neutral. A memorandum of understanding was signed by the two firms which includes the capabilities of each company to further the world’s collective goal of decarbonisation.

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