The latest renewable energy news includes announcements on Downing Renewable, ACME Solar, Relletinsuo solar project in Siikajoki, and others.
Downing Renewable Developments Secures Permits for 120 MW Solar and 160 MWh Battery Project in Finland
Downing Renewable Developments has obtained legally binding building permits for its 120 MWp Relletinsuo solar project in Siikajoki, Northern Ostrobothnia, Finland. Announced October 29, the development will incorporate a 40 MW/160 MWh battery storage system. The project occupies approximately 150 hectares and is located near an existing 110 kV transmission line. The approval follows earlier siting permits and represents the company’s first Finnish renewable-energy project to reach this development stage. Construction is scheduled to begin during summer 2027, with commercial operation targeted for Q4 2028. The hybrid installation will combine photovoltaic generation with four-hour battery storage to improve electricity dispatch flexibility. Investment value was not disclosed.
Egypt Approves Golden Licences for Two 900 MW Wind Projects with Combined 1.8 GW Capacity
Egypt’s government has approved golden investment licences for two wind energy projects totalling 1.8 GW in the Gulf of Suez region. The approvals were announced October 29. Each project is designed to provide approximately 900 MW of electricity generation capacity. The golden licence mechanism combines multiple investment and administrative approvals into a streamlined authorisation process. Electricity from the projects will be sold to the Egyptian Electricity Transmission Company. The developments will contribute to Egypt’s strategy to expand renewable electricity generation and reduce dependence on conventional fuel supplies. The approvals represent regulatory milestones rather than completed financing or construction starts. Project investment values, turbine suppliers and confirmed commissioning schedules have not been disclosed.
ACME Solar Signs 400 MW Firm Renewable Power Agreement with NTPC at ₹4.37 per Unit
ACME Solar Holdings has signed a 25-year power purchase agreement with NTPC for a 400 MW firm and dispatchable renewable-energy project. The agreement was disclosed October 29 through subsidiary ACME Marigold Urja. The contracted electricity tariff is ₹4.37 per kWh, with supply scheduled to begin on June 30, 2028. The project was awarded under NTPC’s FDRE Tranche 01 procurement programme. Firm and dispatchable renewable projects combine renewable generation with storage or other flexibility arrangements to deliver electricity according to contracted requirements. ACME Solar has a diversified portfolio covering solar, wind, hybrid generation and battery storage. The company has not disclosed the project’s final investment value or detailed generation configuration.
