#Renewables

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.