Daily News Wrap-Up: Adani Bags Karur Transmission Project to Evacuate Renewable Power

Meyer Burger to set up 1.5 GW module factory in Arizona

December 28, 2022


Here are some noteworthy cleantech announcements of the day from around the world:

Adani Transmission (ATL) has received the Letter of Intent (LoI) to acquire Karur Transmission. ATL won the project through the tariff-based competitive bidding process and has received the LoI for the central renewable energy evacuation project. ATL will build, own, operate and maintain the transmission project in Tamil Nadu for 35 years. The project incorporated by PFC Consulting involves establishing a 2×500 MVA, 400/230 kV Karur Pooling Station line in line out of both circuits of Pugalur — Pugalur (HVDC) 400 kV DC line. ATL’s project execution will help evacuate renewable energy from the Karur-Tiruppur region. The estimated capital expenditure is more than ₹2 billion (~$26.67 million).

Meyer Burger Technology has chosen Arizona for setting up its new factory for high-performance solar modules in the United States. The plant is expected to reach a production capacity of 1.5 GW. The manufacturing facility will be based in the town of Goodyear and will have an initial annual production capacity of 400 MW. The plant will make solar photovoltaic modules for residential, commercial, industrial, and utility-scale applications. It is due to become operational by the end of next year. The U.S. factory will be Meyer Burger’s first production base outside Europe. Initially, it will create 250 jobs and double when the total 1.5 GW capacity is reached.

Sterlite Brazil Participações, a subsidiary of Indian company Sterlite Power Transmission, has won lot 02 in the transmission auction promoted by the National Electric Energy Agency in São Paulo. The Annual Permitted Revenue (RAP) of the project is R$7.093 million (~$1.3 million), which corresponds to a discount of 66.9% in relation to the maximum amount of R$20.914 million (~$3.8 million).  Five enterprise lots were auctioned. Lot 2 is in the state of Bahia and involves constructing a substation in Olinda.  Currently, Sterlite Brazil has five projects in progress.

Solar Philippines Nueva Ecija Corporation has announced starting work on its 500 MW Nueva Ecija solar farm in the Philippines. The company will use a portion of the proceeds from its recent ₱2.7 billion (~$53.7 million) initial public offering (IPO) to fund the installation of the first 50 MW sub-phase of the project. The remaining funds would be used to build the interconnection for the full 500 MW and land acquisition to expand the Nueva Ecija plant beyond that. The first 50 MW solar project is slated to go online by the end of 2022.