Synera Renewable Energy Group (SRE Group), has announced a joint venture (JV) with Moondo Wind Energy (MWE) to develop an 840 MW offshore wind farm in South Korea. The project, named Moondo Offshore Wind Energy (MOWE), will be located near Geomundo Island, Yeosu City, in Jeollanam-do Province, at the southwestern tip of the Korean Peninsula.
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ACWA Power has inked an Implementation Agreement (IA) with Uzbekistan’s Ministry of Energy to develop up to 2 GWh of standalone Battery Energy Storage Systems (BESS) across the country. The agreement was signed at COP29 in Baku. This agreement builds on a MoU from May 2024.
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CHN Energy’s 1 GW open sea offshore photovoltaic (PV) project has successfully connected its initial set of PV units to the grid. The project is located in Kenli District, Shandong Province of eastern China, and is being developed by Guohua Energy Investment Co., Ltd., a subsidiary of CHN Energy.
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STMicroelectronics has announced a 21-year power purchase agreement with BKH Solar. BKH Solar Sdn Bhd is jointly established by ENGIE Renewable SEA Pte Ltd and and Conextone Energy Sdn Bhd. This agreement enables the company to source approximately 50 GWh of renewable energy annually from a new solar farm in Bukit Kayu Hitam, Kedah, Malaysia.
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EWEC (Emirates Water and Electricity Company) has received three proposals for the development of its new 1,500 MW Khazna Solar Photovoltaic (PV) Independent Power Project in Abu Dhabi. The bidders include ENGIE, a consortium led by EDF Renewables and Korea Western Power (KOWEPO), and a joint consortium of Jinko Power and JERA.
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Huasun Energy has secured a 1 GW contract to supply n-type heterojunction (HJT) solar modules to Power China’s offshore solar projects. The project will cover Sections 1 and 2 in Aoshan Bay, Jimo District, Qingdao, Shandong Province. The company won this contract after a round of bidding for 1 GW HJT solar modules for the Qingdao Jimo project.
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Huasun Energy has announced a partnership with ITRAMAS Corporation Sdn. Bhd., to advance 1.5 GW of photovoltaic projects. Under this agreement, starting in 2025, Huasun will gradually supply ITRAMAS with 700W+ high-efficiency heterojunction (HJT) modules for large-scale solar developments.
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Invenergy has announced a major virtual power purchase agreement (VPPA) with Honda Motor Co Ltd. (Honda) for the Rusutsu Wind project, providing 63 MW of renewable energy. The wind farm, located in Japan’s Hokkaido region, is expected to offset 64,000 tonnes of carbon emissions annually.
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RWE Supply & Trading has signed a MoU with AM Green Ammonia B.V. (AMG) for the long-term provision of 250,000 tonnes of green ammonia annually from AMG’s facilities in India. The ammonia will be produced at the Kakinada and Tuticorin sites, with an initial production of 50,000 tonnes at Kakinada and up to 200,000 tonnes sourced from Tuticorin.
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Vena Energy is partnering with Shell Eastern Trading and received conditional approval from Singapore’s Energy Market Authority (EMA) to export 400 MW of solar power from Indonesia’s Riau Islands to Singapore. The EMA granted the conditional approval at the Indonesia International Sustainability Forum in Jakarta. The project is expected to generate over 2.6 TWh of renewable energy annually
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The Solar Energy Corporation of India (SECI) has issued a tender for 500 MW offshore wind projects (tranche-I) in Gujarat, India. The project will be connected to the inter state transmission system (ISTS) and be developed on a build-own-operate basis. It will be developed in a 202 sq. km area in the Gulf of Khambhat, off the coast of Gujarat. The last date of bid submission is December 10, 2024.
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TotalEnergies and Adani Green Energy Limited (AGEL) have agreed to form a new joint venture (JV) focused on solar deployment in India. The JV will develop a solar portfolio in Khavda, in the state of Gujarat, with a capacity of 1,150 MW (1,575 MWp). The partnership will be equally owned by both companies. TotalEnergies has provided an equity investment of $444 million for the venture, while AGEL is contributing assets to the JV.
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Numaligarh Refinery Limited (NRL), a public sector oil company in India, has floated a tender to construct a 10,000 MTPA green hydrogen generation unit and supply green hydrogen. This project is proposed to come up at Numaligarh in the north-eastern state of Assam. The final date to submit the bid is September 13, 2024.
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Vena Energy has finalised an investment agreement with MGen Renewable Energy Inc. (MGreen), renewable energy division of Meralco PowerGen Corporation. This agreement is for the joint development of the 550 MW Bugallon Solar Power Project, situated in Bugallon, Pangasinan, under 3 Barracuda Energy Corporation.
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The Indian renewable energy implementing agencies, Solar Energy Corporation of India (SECI) and SJVN Limited, have been successful in discovering low solar tariffs to the tune of $0.03 (Rs 2.52) per unit in their respective auctions this month. Both SECI and SJVN conducted auctions for the selection of developers to set up inter-state transmission system (ISTS) connected 1.2 GW of solar projects anywhere in India.
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The Electricity Generating Authority of Thailand (EGAT) has launched a tender for a hydro-floating solar hybrid project to be developed at the Srinagarind Dam in Kanchanaburi province. The project will involve the design, supply, construction, and commissioning of an 182 MW floating solar power plant.
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GSK has entered into a 10-year energy agreement with Sembcorp to meet the electricity needs of all three of its global manufacturing sites in Singapore. Starting from January 1, 2025, all of GSK’s manufacturing operations in Singapore will be powered by renewable energy certificates from Sembcorp’s solar projects and the 3 per cent already produced by GSK’s on-site solar panels.
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China Three Gorges Renewables, a Chinese state-owned power company, is planning to develop a massive 18 GW energy project in Ordos, Inner Mongolia. This $11 billion project will comprise 8 GW solar PV project, 4 GW of wind, 4 GW of coal-fired power and 5 GWh of battery energy storage. 200 MW of solar thermal capacity is also planned as part of this project. Construction on the project is expected to begin in September 2024 and the project is planned to be ready for commissioning by 2027.
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The Indian government has sanctioned the viability gap funding (VGF) scheme for offshore wind energy projects with a total budget of Rs 74.53 billion. This includes Rs 68.53 billion allocated for the installation and commissioning of 1,000 MW of offshore wind energy projects. This 1 GW encompasses 500 MW each off the coasts of the states of Gujarat and Tamil Nadu. Additionally, Rs 6 billion has been earmarked for the enhancement of two ports to fulfill logistics needs for offshore wind energy projects.
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Canadian Solar’s first portfolio of feed-in premium (FIP) PV projects commenced commercial operation on June 1, 2024 in Japan. The portfolio includes a 1.2 MWp project in Tsukuba City, Ibaraki Prefecture, and a 1.9 MWp project in Daisen Town, Tottori Prefecture. Toyota Tsusho Corporation will get 100 per cent of the PV power and NFCs by the project, through a 20-year Power Purchase Agreement (PPA) with the company.
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