#Renewables

USA, Washington, D.C.: The US Department of Energy’s (DOE) Grid Deployment Office (GDO) is working on the allocation of $1 B to Puerto Rico.

German energy utility RWE has expanded its business activities in Spain with the commissioning of its Casa Valdes solar farm near Madrid.

Torrent Power Ltd is in talks to buy clean power projects totalling 1.1 GW from ReNew Energy Global Plc at an enterprise value of around $1.2 B.

Tata Power Renewable Energy Ltd. has received a Letter of Award from Tata Power-DDL for setting up a 225 MW hybrid power project in Karnataka.

The Republic of Colombia closes 2022 with three significant electricity projects, including a power transmission link and wind farms.

The federal and New South Wales governments have combined on a landmark $5.25 B (AU$7.8 B) investment into renewable energy projects.

Panama’s state power transmission company Etesa has budgeted $99 M to overhaul the 230 kV, 292 km Veladero-Panamá line.

As it plans to nearly triple its clean-power capacity by 2030, India revealed a $29.6 B plan to develop transmission lines to connect renewable generation.

Adani Green Energy Ltd (AGEL), the renewables arm of the Adani Group, has commissioned its third wind-solar hybrid power plant at Jaisalmer in Rajasthan.

SSE has announced the sale of a 25 % stake in its power transmission business to Canada’s Ontario Teachers’ Pension Plan Board for $1.78 B (£1.47 B).

China’s State Power Investment Corporation (SPIC) said it has commissioned the world’s first commercial offshore floating solar power plant.

USA, California, San Diego: Four microgrids equipped with energy storage will be added to the San Diego region to help the state meet high energy demand.

UK, Galloway: SP Energy Networks has led a successful trial to re-energise its electricity network by using pioneering technology.

Denmark, Esbjerg: Achieving ambitious national and international renewable energy targets requires intensification and acceleration of cooperation.

Egypt, Cairo: The Egyptian Electricity Transmission Co. will this month sign a deal to purchase wind energy of 1,100 MW from Saudi Arabia’s ACWA Power.

The digital substation market size was valued at $6.5 B -n 2021 and is expected to be worth $14.11 B by 2032, growing at a 7.3 % CAGR from 2022 to 2032.

The Netherlands: TenneT invested a record $4.4 B in the expansion and maintenance of its grids last year, rising to the challenge of the energy transition.

China: China plans to build 450 GW of wind and solar power capacity in the Gobi desert by 2030, government planner He Lifeng has disclosed.

Nigeria: Minister Aliyu has announced the federal government in Nigeria plans collaboration with the government of Egypt to boost power supply in the country.

Italy, Vicenza: The company has reported the growth in turnover since 2018, attributing the success to the renewable energy transition.

Egypt, Kairo: EETC has signed an $254 M (LE 4 B) joint financing contract with several Egyptian banks for the country’s transformer stations.

EGP has entered into a joint venture partnership with a subsidiary of QIA to finance, build and operate renewable projects in sub-Saharan Africa.

The 2020s will be crucial for all the participants in the power industry with an estimated $3.40 T invested in renewables during the next decade.

Finland: Telecoms major Nokia has been tasked with upgrading Finland’s transmission grid to allow for greater penetration of renewables.

Black Hills Corporation announced it expected the company to spend $2.9 B on capital investments through 2023 as it establishes new transmission lines, invests more heavily in renewables and navigates regulatory consolidation.

Australia: Queensland government pledged to tip $132 M into construction of a transmission line, which will link the renewables hub with the main grid.

German energy engineering firm Siemens and Copenhagen Infrastructure Partners, a Danish fund specializing in renewables, acquired the SOO Green Renewable Rail.

ABB has won a $30 million order from ScottishPower Renewables to supply two STATCOMs that will smooth out the voltage fluctuations that are an inherent feature of intermittent wind energy.