[SSE plans to invest £40bn in clean energy projects]SSE Plc, a power generator and grid operator, set out plans to invest as much as 40 billion pounds in clean-energy projects over a decade and called on the government to keep Britain competitive. The UK is working to boost its renewable power generation capacity to meet its goal of net zero emissions by 2050 and to become more independent of imported energy after geopolitical conflicts caused supply disruptions. What we want to see is an acceleration of pace and ensuring that Britain can compete with places like the United States with the Inflation Reduction Act (IRA), SSE chief executive Alistair Phillips-Davies said in a conference call with reporters. Mr Phillips-davies said SSE could not rule out future investments in the US, but expected Europe to remain its core market. The UK has a contract for difference (CfD) scheme to help stimulate investment in new renewable energy projects, offering a guaranteed minimum price for the electricity they produce. Editor/Xu Shengpeng
The Dalat Mengxi 1000 kV AC transmission and transformation project has been approved by the National Development and Reform Commission. The project is scheduled to start construction in April 2026 and be put into operation in September 2027, with a total investment of 4.374 billion yuan. The project is a key supporting facility for the Mengxi Beijing Tianjin Hebei ultra-high voltage direct current project, which will enhance the power transmission capacity from Mengxi to the east and serve the clean energy consumption and coordinated development of the Beijing Tianjin Hebei region.Editor/Gao Xue
Indian solar manufacturer Saatvik Green Energy announced an investment of 2.51 billion rupees to build a photovoltaic module manufacturing plant in Odisha state. The investment was completed through a wholly-owned subsidiary, with funding sourced from the company's IPO last year. The local photovoltaic manufacturing capacity in India continues to improve, and the current ALMM certified module production capacity has exceeded 109GW.Editor/Gao Xue