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					</table><p>Researchers from the Indian Institute of Technology (<a href="https://www.iitj.ac.in/" target="_blank" rel="noopener">IIT Jodhpur</a>) have put forth a proposal to employ offshore wind farms as reliable power sources for meeting the cooling requirements of Nuclear Power Plants (NPPs).</p>
<p>The study, conducted at the Madras Atomic Power Station in Chennai, showcases the applicability of this strategy to enhance the seismic resilience of NPPs.</p>
<p>The findings of this research have been published in the <em>Nuclear Engineering and Design Journal</em>.</p>
<p>The proposed methodology comprises several stages, including estimating the coolant power requirements, designing offshore wind turbines and infrastructure, and evaluating the seismic safety at the chosen offshore wind turbine site under various scenarios.</p>
<p>The approach was presented by Pradeep Kumar Dammala, Assistant Professor in the Department of Civil and Infrastructure Engineering at IIT Jodhpur, and Sumaja Kolli,  Scholar in the same department, in collaboration with researchers from the <a href="https://www.surrey.ac.uk/" target="_blank" rel="noopener">University of Surrey</a> in the United Kingdom, <a href="https://www.tsinghua.edu.cn/en/" target="_blank" rel="noopener">Tsinghua University</a> in China, and the Institute of Engineering Mechanics, China.</p>
<p>The case study conducted at the Madras Atomic Power Station in Chennai demonstrates the feasibility of implementing offshore wind farms to ensure sufficient cooling power during seismic events.</p>
<p>The study proposes the establishment of a 15 MW offshore wind farm equipped with three 5 MW turbines supported by monopile foundations in the Kalpakkam area.</p>
<p>Through state-of-the-art numerical models, the monopile foundations of the offshore wind turbines were analyzed considering soil nonlinearity and seismic liquefaction under anticipated dynamic loading conditions.</p>
<p>The results of nonlinear integrated seismic analyses indicated satisfactory seismic performance based on comparisons of monopile mudline displacements and bending moments.</p>
<p>Highlighting the future scope of the research, the authors of the study emphasized the importance of bolstering the safety of nuclear structures, given India&#8217;s pursuit of nuclear energy development and the proximity to seismic and tsunami threats.</p>
<p>The research was funded by the UK India Education Research Initiative (<a href="http://www.ukieri.org/" target="_blank" rel="noopener">UKIERI</a>) and the Commonwealth Scholarship Commission.</p>
<p>In November last year, a Danish-Indian collaborative study aimed to support India’s 30 GW offshore wind target by 2030 <a href="https://www.mercomindia.com/india-denmark-study-identifies-offshore-wind-sites" target="_blank" rel="noopener">identified</a> fifteen zones for the first offshore wind development project.</p>
<p>In a recent report, the Central Electricity Authority <a href="https://www.mercomindia.com/cea-solar-capacity-surpass-thermal-2030" target="_blank" rel="noopener">estimated</a> that India’s installed wind capacity would reach 100 GW and nuclear capacity 15.5 GW by the financial year 2029-30.</p>


IIT Jodhpur Proposes Offshore Wind Farms to Cool Nuclear Plants


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					</table><p>Australia’s <a href="https://www.squadronenergy.com/" target="_blank" rel="noopener">Squadron Energy</a>, a part of the <a href="https://www.tattarang.com/" target="_blank" rel="noopener">Tattarang</a> group of companies, said it has acquired renewable energy developer <a href="https://cwprenewables.com/" target="_blank" rel="noopener">CWP Renewables</a> for an undisclosed sum.</p>
<p>The acquisition will boost Squadron’s operating portfolio to 2.4 GW with an Australian development pipeline of 20 GW.</p>
<p>Squadron said it will integrate CWP Renewables into its existing business, which includes majority ownership of <a href="https://www.windlab.com/" target="_blank" rel="noopener">Windlab</a>, an asset management company specializing in managing clean energy assets.</p>
<p>Windlab will help Squadron increase its scale of renewable deployment on the east coast of Australia to meet the rising demand for reliable green energy from commercial and industrial customers.</p>
<p>Last month, Windlab and Fortescue Future Industries said they would <a href="https://mercomindia.com/daily-news-wrap-up-serentica-to-source-1500-mwh-energy-storage-capacity/" target="_blank" rel="noopener">partner</a> on a 10 GW of wind and solar power farm to feed the industrial-scale production of green hydrogen from purpose-built facilities within Queensland.</p>
<p>CWP currently operates over 1.1 GW of wind assets comprising Sapphire Wind Farm, the largest in New South Wales (NSW).</p>
<p>NSW has 75 turbines, generating up to 270 MW of energy. It includes Murra Warra I &amp; II wind projects which generate 435 MW, and the Crudine Ridge with 142 MW generation from 37 wind turbines.</p>
<p>CWP has approvals to construct four more wind farms in NSW totaling over 750 MW, along with a construction-ready 414 MW wind farm, 180 MW solar farm, two battery farms, and a firming power station capable of using hydrogen, biofuels, and hydrogen gas blends.</p>
<p>Squadron said once operational, its portfolio will power 8.5 million households with electricity which is over double the homes in NSW.</p>
<p>Chairman of Tattarang Andrew Forrest AO said, “Australian industries’ ability to consign fossil fuel to history, is robustly demonstrated by the strong track record and commitment of Fortescue Metals, Fortescue Future Industries, and other world-leading companies committed to decarbonizing. We share a vision of Australia and the world, looking back on the dark era of fossil fuel as an aberration in humanity’s history. One that could have ended with that fuel but is now powered by cheap, pollution-free, democratic, inexhaustible energy.”</p>
<p>Squadron Energy CEO Eva Hanly said, “With this acquisition, we will develop and operate an extensive geographic portfolio of night and daytime wind, solar, and storage assets that will ensure the reliability of supply for our customers. We are currently building the $3 billion Clarke Creek renewable energy hub in central Queensland, which is the largest grid-connected project in the country, and will be commencing construction of another 2GW worth of projects within the next 18 months.”</p>
<p>Earlier this year, Squadron Energy <a href="https://mercomindia.com/funding-and-ma-roundup-enphase-solarleadfactory/" target="_blank" rel="noopener">co-led</a> a Series B funding round in which Australia-based clean energy company Sun Cable raised AU$210 million (~$153 million).</p>


Australia’s Squadron Energy Acquires CWP Renewables

<p>BayWa AG has concluded its investor search for the planned capital increase at BayWa r.e. renewable energy GmbH (BayWa r.e.), a renewable project developer.</p>
<p><a href="https://www.baywa-re.com/en/" target="_blank" rel="noopener noreferrer">BayWa r.e</a> will receive an equity contribution of €530 million (~$641 million) to acquire a 49% stake by Energy Infrastructure Partners (<a href="http://energyinfrapartners.com/" target="_blank" rel="noopener noreferrer">EIP</a>), formerly Credit Suisse Energy Infrastructure Partners. EIP specializes in long-term investments in the energy sector.</p>
<p>With a stake of 51%, <a href="https://www.baywa.com/en" target="_blank" rel="noopener noreferrer">BayWa AG</a> will remain BayWa r.e.’s majority shareholder. The execution of the capital increase is still subject to the usual regulatory approvals.</p>
<p>As part of the capital increase, the share capital of BayWa r.e. will be increased accordingly through new shares. Only the investor is permitted to subscribe to the new shares. BayWa r.e. will continue to be fully consolidated within the group.</p>
<p>Upon entry of the capital increase, <a href="https://www.baywa-re.de/en/" target="_blank" rel="noopener noreferrer">BayWa r.e. GmbH</a> will be converted into an Aktiengesellschaft or stock corporation under German law. The CEO of the newly formed BayWa r.e. AG will be Matthias Taft, the member of the BayWa AG Board of Management currently in charge of the energy segment.</p>
<p>According to Klaus Josef Lutz, chief executive officer (CEO) of BayWa AG, “The capital increase at BayWa r.e. is the largest transaction in BayWa company history. Together with our Green Bond successfully placed in 2019, we have acquired €1.03 billion (~$1.24 billion) in less than two years on the capital market for the renewable energies business unit.”</p>
<p>Lutz further added, “This is testament to the fact that our decision 11 years ago was the right one. In just a decade, BayWa r.e. has developed into one of the leading companies in the fields of renewable energies – and one that the market values at more than €1 billion.”</p>
<p>Roland Dörig, co-founder and managing partner of EIP, says: “We look forward to working with BayWa r.e. and being able to offer our institutional investors access to a one-of-a-kind international platform in the fields of renewable energies that is making an important contribution to the energy transition.”</p>
<p>“In EIP, we have found the right partner for continuing this success story. Together we have agreed to continue strengthening BayWa r.e.’s project, service, and solutions business going forward while transforming the company into an independent power producer (IPP),” Lutz adds.</p>
<p>BayWa r.e. will independently operate selected solar parks and wind farms with a total output of up to 3 GW in the medium term. “In doing so, we are broadening BayWa r.e.’s portfolio even further than before and increasing the predictability of earnings growth.”</p>
<p>BayWa r.e. has a project pipeline of over 13 GW, primarily in Europe, the U.S., and the Asia-Pacific region.</p>
<p>In September this year, BayWa r.e. had <a href="https://mercomindia.com/bayware-acquires-enable-energy/" target="_blank" rel="noopener noreferrer">acquired</a> Enable Energy Inc. Enable Energy is a U.S.-based commercial and industrial solar and energy storage solutions provider.</p>
<p>Previously, BayWa r.e. also <a href="https://mercomindia.com/project-finance-brief-luxcara-acquires-solar/" target="_blank" rel="noopener noreferrer">sold</a> its Tordesillas solar project in central Spain to Commerz Real, a German investment company. The 41.7 MW solar project is the first solar investment for Commerz Real’s new impact fund Klimavest.</p>
<p>&nbsp;</p>
<p>Image credit: BayWa r.e</p>


BayWa to Sell 49% Stake in Renewable Subsidiary to Energy Infrastructure Partners

<p>The Power Grid Corporation of India Limited (PGCIL) has awarded a ₹1.62 billion (~$22.87 million) contract to GE T&amp;D India Ltd. to extend 765 kV air-insulated substation (AIS) and set up a new 400 kV/220 kV gas-insulated substation (GIS) at Bhuj, Gujarat. The project will be delivered on a turnkey basis.</p>
<p>The contract also entails the extension of the existing 400 kV GIS at Tirunelveli substation. The project is part of the green corridor transmission system and will help evacuate around 2,500 MW of wind power generated in Gujarat.</p>
<p>A green energy power transmission corridor is being set up to evacuate the power generated by a large number of wind farms and solar projects in western India. After the completion of this project, wind farm developers will be able to transmit the power generated in the state to the green energy power transmission corridor.</p>
<p>Sunil Wadhwa, MD of GE T&amp;D India Limited said, &#8220;As renewable capacity in the country goes up, it is imperative that grid infrastructure in states like Gujarat, which have high degree of renewable generation, is scaled up rapidly to keep up with the evacuation demand of solar and wind power into the Green Energy Corridor. This project will further strengthen the grid evacuation infrastructure in the western part of the country and improve access to important demand centers.&#8221;</p>
<p>GE has executed similar projects for <a href="http://www.powergridindia.com/" target="_blank" rel="noopener">PGCIL</a> to evacuate solar power through the green corridor transmission system in the past. GE installed a 400 kV AIS substation to evacuate solar power from the 750 MW Ultra Mega Solar Power Park at Rewa, Madhya Pradesh. GE has also installed a 765 kV AIS substation to evacuate power from the Bhadla Solar Park in Rajasthan.</p>
<p><a href="https://mercomindia.com/tie-three-manufacturers-bidding-gujarat/" target="_blank" rel="noopener">Recently,</a> Mercom reported that the Gujarat Electricity Regulatory Commission had asked bidders of wind auction to declare pre-bid tie-up with at least three equipment manufacturers or engineering, procurement, and construction contractors for the execution of the project.</p>


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