The Solar Energy Corporation of India (SECI) has cancelled two offshore wind tenders totalling 4.5GW following insufficient response from developers. The cancelled processes include a 500MW project in Gujarat’s Gulf of Khambhat and a 4GW seabed lease round off the coast of Tamil Nadu. The... More

Apollo-managed funds have agreed to acquire a majority stake in Kelvion, a provider of heat exchange and cooling solutions, from funds advised by Triton. Triton will retain a minority interest in the company. Kelvion, headquartered in Germany, is a leading manufacturer of thermal management... More

Macquarie Asset Management has provided €51 million ($59.5 million) in second lien financing to an operational onshore wind platform in Central-South Finland. The 8-project portfolio totals 218MW of capacity and is owned by funds managed by Taaleri Energia. The financing will be used to... More

Globalstar has commenced construction to expand its ground station in Singapore to support the company’s third-generation C-3 mobile satellite system. The project includes the addition of two 6-metre tracking antennas that will enhance Globalstar’s next-generation mobile satellite... More

Romania’s Ministry of Energy has completed its second round of contracts for difference (CfDs) auctions, awarding support for 1.49GW of solar and 1.26GW of wind. In the solar auction, 26 bids totalling 1.49GW were accepted, with average winning prices at €40.35 per MWh ($47.07). The... More

Arunachal Pradesh has received Cabinet approval to invest INR81.46 billion ($930 million) to build the 700MW Tato-II Hydro Electric Project in Shi Yomi District.The project, scheduled for completion within 72 months, will comprise four 175MW units and be delivered through a joint venture between... More

Ceylon Electricity Board has issued an international tender for the development, ownership, and operation of 160MW of battery energy storage systems across Sri Lanka. The project will see installations of 10MW/40MWh systems at 10 locations, providing a total capacity of 640MWh, and aims to... More

DRI has secured a €60 million ($70 million) loan to finance construction and operations of the Vacaresti solar park in Dambovita County, Romania. The financing package was led by UniCredit and Garanti BBVA and includes long-term construction and term loans, VAT and debt service reserve... More

Polsat Plus Group has secured nearly PLN953 million ($260 million) in investment financing from a consortium of Polish banks for the Drzezewo wind farm.The financing package includes a term loan of up to PLN874 million, a revolving debt service reserve loan up to PLN55.8 million, and a revolving VAT... More

Colombia’s Ministry of Mines and Energy has initiated the country’s first offshore wind bidding round, offering 15-year contracts for differences (CfDs). The programme is intended to diversify Colombia’s electricity production and strengthen the resilience and sustainability... More