Sembcorp Industries, through its wholly owned subsidiary Sembcorp Green Infra Private Limited, has won a 300 MW inter-state transmission system (ISTS) – connected wind-solar hybrid power project from NTPC Limited. This project is part of NTPC’s 1.2 GW renewable energy bid and will be developed under a build-own-operate model.
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ABO Energy has sold the rights of two battery energy storage systems (BESS) in South Africa to French Électricité de France (EDF) after developing them into ready-to-build status. EDF was awarded preferred bidder status for both projects on November 30, 2023 in the first bid window of the Battery Energy Storage Independent Power Producer Procurement Programme.
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Fidra Energy and Sungrow have signed a strategic partnership agreement to supply 4.4 GWh of energy storage systems for Fidra’s 10 GW battery storage system (BESS) across UK and Europe by 2030. Under the agreement, Sungrow will provide its PowerTitan 2.0 liquid-cooled energy storage systems (ESS) for Fidra’s Thorpe Marsh and West Burton C sites in the UK.
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RIC Energy, a renewable energy company, and Rosemawr Management, an investment firm specialising in municipal and sustainable infrastructure, have announced a financing partnership. This partnership will provide funds for interconnection deposits, supporting the development of up to 450 MW of solar and energy storage projects across New York over the next three years.
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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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Multiple nations have committed to the Global Energy Storage and Grids Pledge. The pledge, which was proposed by the COP29 Presidency, calls on governments and non-state actors to commit to a deployment target of 1,500 GW of energy storage, doubling grid investment and the development of 25 million kilometres of grid infrastructure by 2030.
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The Emerging Africa & Asia Infrastructure Fund (EAAIF), the Dutch entrepreneurial development bank (FMO), and Deutsche Investitions- und Entwicklungsgesellschaft mbH (DEG) have jointly announced an investment of €84 million in two photovoltaic solar plants with battery storage systems in the Kolda region of southern Senegal. These projects will be operated by Axian Energy.
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Serentica Renewables has announced plans to develop 10,000 MW of renewable energy projects in Andhra Pradesh, India combining solar, wind, and storage technologies to deliver round-the-clock green power. Reportedly, Serentica is targeting an expansion of its renewable energy portfolio to 17,000 MW by 2030, with 5,000 MWh of storage capacity planned.
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This report concludes that PJM’s current implementation of SIS unnecessarily constrains this vital option to address the region’s reliability puzzle. PJM needs more storage resources to support the system as it transitions to include more intermittent resources, yet it limits BESS’s ability to participate in SIS. PJM can achieve this result by adopting best practices for SIS implementation from other jurisdictions like MISO and SPP.
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EDF Renewables has secured a 20-year Energy Storage Power Purchase Agreement (PPA) with Arizona Public Service (APS) for the Beehive Battery Energy Storage System (BESS) located in Peoria, Maricopa County, Arizona. This stand-alone battery system will feature a 250 MW capacity with a four-hour duration and is slated to begin construction in 2025.
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Avantus has announced the sale of the Catclaw Solar and Energy Storage Project to D.E. Shaw Renewable Investments (DESRI). Located in Buckeye, Arizona, the Catclaw project includes up to 225 MWac of solar power and 250 MW/1,000 MWh of energy storage. This transaction also includes a long-term Power Purchase Agreement (PPA) with Arizona Public Service (APS).
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ENGIE North America (ENGIE) and Meta have finalised an Environmental Attributes Purchase Agreement (EAPA). Under the agreement, ENGIE will supply 260 MW of renewable energy along with associated environmental attributes from the Sypert Branch solar project in Texas, supporting Meta’s net-zero goals.
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Preliminary estimates for 2023 are based on the approximated GHG inventories submitted by Member States and indicate that EU-wide GHG emissions have decreased by 8% compared to 2022 within the scope of the European Climate Law. This significant reduction over the course of a year is largely driven by decreases in emissions from the power sector, with additional reductions in the industry and buildings sectors. In absolute terms, the overall 8% decrease represents a reduction of 270 million tonnes of CO2 equivalent (Mt CO2e), more than four times the average annual decrease reported since 2005. When compared to the 2030 target, the emissions reductions are substantial.
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X-ELIO has announced the expansion of its Blue Grass Solar Farm in Queensland’s Western Downs with the addition of a 148 MW Battery Energy Storage System (BESS), marking its first hybrid solar and storage project in Australia. The project will be developed in two phases, with the first phase delivering a 60 MW BESS by 2025 and the second phase adding an 88 MW BESS by 2026.
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Hithium Energy Storage Technology Co. and MANAT announced the formation of their joint venture (JV). This collaboration aims to combine Hithium’s expertise in energy storage with MANAT’s local insights to better serve the Saudi Arabian market. The joint venture plans to establish Battery Energy Storage System (BESS) manufacturing facilities in Saudi Arabia, with a targeted annual production capacity of 5 GWh.
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Copenhagen Infrastructure Partners (CIP), through its Growth Markets Fund II (CI GMF II), has made a final investment decision on a 220 MW/1,100 MWh battery energy storage system (BESS) located in the Antofagasta Region of northern Chile. The project has officially moved to the construction phase.
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SolaX Power has planned on investing a significant sum of $1.5 billion to establish a research and manufacturing facility in Zhejiang Province, China. The project will prioritise the development of utility-scale energy storage systems and integrated smart energy solutions.
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CI V, the flagship fund of Copenhagen Infrastructure Partners (CIP) has announced that it has acquired the 255 MW / 1,020 MWh Scatter Wash standalone battery energy storage (BESS) project from Strata Clean Energy in Phoenix, Arizona. The project began construction in early 2024 and is set to begin commercial operations in the first half of 2025.
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Origis Energy and the Tennessee Valley Authority (TVA) have entered into a power purchase agreement to expand their solar and storage projects in Mississippi. Origis will develop, construct, and manage the operations of the Hope Solar + Storage project in Clay County. The project includes a 200 MWac solar facility combined with 200 MW (800 MWh) of storage.
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The US Department of Energy (DOE) has finalised a $72.8 million loan guarantee to develop a solar-plus-storage microgrid on the Viejas Tribe’s reservation near Alpine, California. The project, backed by the California Energy Commission, US Bancorp Impact Finance, and Starbucks, will feature a 15 MW solar system and a 70 MWh long-duration battery.
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