Deals & Finance

Vestas Strengthens In India. Wins 250 MW Wind Project: Its Largest Order To Date

Asia Pacific, Deals & Finance, Head Lines, Wind

Vestas’ has just gained strength in a strategically significant market for the company. Its extensive experience from around 4 GW of turnkey projects across the globe has secured its largest project in India to date. The record order was placed by Ostro Kutch Power Private Limited and awarded through India’s first wind power auction held in February 2017. The 250 MW turnkey order follows another 100 MW turnkey project in India earlier this year, taking the total order intake in India to more than 480 MW in 2017. The project starts in the third quarter of 2018, and includes delivery, installation, commissioning and servicing of the 125 turbines.

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EDF Commissions 179 MW At Two Solar Power Plants In Nevada

Americas, Deals & Finance, Head Lines, Solar

Policy makers led by US Senator Harry Reid were present at a celebration formally recognising Switch Stations 1 and 2 solar power plants, with a combined generation capacity of 179 MWac, as fully commissioned and in commercial operation. Senator Reid stated “Less than a decade ago, Nevada’s solar energy landscape was nonexistent, but this commissioning helps fulfil the vision I had to make our state the leader in renewable energy development. A technology giant like Switch committing to using 100% renewable energy is truly visionary and grows our clean energy economy by creating hundreds of good-paying construction jobs here.”

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Tata Power Solar Commissions India’s First Rooftop Solar Carport In Delhi

Asia Pacific, Carbon, Deals & Finance, Solar

Tata Power Solar set another landmark by commissioning an unprecedented rooftop solar project in India – a solar carport on the rooftop of the sprawling 70,000 sq.m Unity One mall, in Rohini, Delhi. The unique rooftop carport is estimated to set off 438 tonnes of carbon emissions annually. The company won the bid in an open tender process fielded by Delhi Metro Rail Corporation for multi-level car parking. The project enables the mall to earn on the unused and excess solar electricity produced. It also cuts down the need to install a second meter or an expensive battery storage system as it is directly connected to the local power grid.

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India: Increased Commitment By Government Drives Demand For Solar Inverters

Asia Pacific, Deals & Finance, Policy, Solar, Technology

SMA has announced that it sold more than 1GW of solar inverters into all market segments in India in 2017. SMA inverter sales in the commercial sector have doubled compared to last year, corresponding to a market share of 30%. In total, the installed SMA inverter base in India exceeds 3 gigawatts. “India is one of the key markets for SMA in the Asia Pacific region. In the last 3 years, we have seen strong commitment from the Indian government driving growing market demand in the solar sector”.

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Google Leads The Way In Purchasing Clean Energy; Signs 196 MW PPA With Avangrid

Americas, Deals & Finance, Head Lines, Wind

Google has reached power purchasing agreements with Avangrid Renewables for 196 MW of wind power. The agreements cover two wind farms, producing enough energy each year to power 50,000 households. The additional capacity helps Google reach its goal of purchasing enough renewable energy to match its energy use in global operations. Gary Demasi, Google’s director of global infrastructure stated: “with solar and wind declining dramatically in cost and propelling significant employment growth, the transition to clean energy is driving unprecedented economic opportunity and doing so faster than we ever anticipated.”

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Siemens Gamesa Strengthens Lead In India With New Order For 200 MW Wind Farm

Asia Pacific, Carbon, Deals & Finance, Head Lines, Wind

The agreement is a strong, positive development for the company in the Indian market in the wake of its temporary slowdown. The agreement encompasses the entire infrastructure needed to operate the project together with the supply of 100 of its G114-2.0 wind turbines with a hub height of 106 meters, specifically designed for the low-wind sites typical of India. The project is expected to be commissioned by February 2019. Present in the market since 2009, Siemens Gamesa has installed over 5 GW in India and the company has been the leading OEM in India for the last three years.

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Vestas Boosts Presence In Spain. Seals Agreement To Build 5 New Wind Parks

Deals & Finance, Europe/Middle East/Africa

At WindEurope 2017 in Amsterdam, Vestas and Gas Natural Fenosa has sealed an agreement to build 86 MW of wind energy across five new wind parks in Spain. The wind parks will be Vestas’ first projects derived from Spain’s latest auctions held in May. Commissioning and installation of the wind turbines is expected for the second half of 2018. The renewables branch of Gas Natural Fenosa, one of the leading utilities worldwide, has installed more than 400 MW of Vestas’ turbines in Spain, the latest installed in 2016.

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Pico Alto Highlights The Increasing Significance Of Geothermal In Energy Mix

Deals & Finance, Europe/Middle East/Africa, Geothermal, Head Lines

The inauguration ceremony of the Pico Alto 4 MWe geothermal power plant was held recently in the stunning scenery of the Terceira Island, Azores. The plant is now providing a sustainable, reliable source of electricity to 56,000 inhabitants and meeting up to 10% of the island electricity needs. Marco Bonvini COO of EXERGY stated, “we are very proud of the successful completion of this challenging project. It represents a great example of how innovation in greentech can provide sustainable solutions. We see many opportunities to apply the technology in remote environments and Pico Alto is a good starting point and an excellent reference.”

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Vestas, Fortum Lead Expansion Of Wind Energy In Huge Russian Electricity Market

Deals & Finance, Europe/Middle East/Africa, Head Lines, Wind

Following the success of Vestas and Fortum Energy in Russia’s first wind energy auction, the two companies have entered into an agreement, engaging Vestas to supply its 4 MW platform for wind energy projects in Russia, the world’s fourth-largest electricity market. With this, the companies hope to lead the expansion of wind energy in Russia. They will work with local partners to establish a strong local manufacturing and supply chain capacity; and Vestas will also provide its considerable experience to build up and establish high standards for the relatively young Russian renewables sector.

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Enel Wins Big In Mexico Again. Will Build 593 MW Wind Capacity Following Tender

Americas, Carbon, Deals & Finance, Wind

Enel, acting through its renewable energy subsidiary Enel Rinnovabile has been awarded four wind projects for a total capacity of 593 MW Mexico’s third long-term public tender since its energy reform. The award follows Enel’s success in the two previous tenders, once again confirming its position as the largest renewable player in Mexico in terms of installed capacity and project portfolio. The Company has been awarded the contracts for 15-year energy supply and 20-year clean certificates. The Group will be investing around 700 million US dollars in the construction of the plants.

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