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UK unveils £5.5bn subsidy scheme for Sizewell C nuclear power plant

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The UK Energy Security Department and Net Zero (DESNZ) have announced a new £5.5 billion subsidy scheme to support the Sizewell C nuclear power plant (NPP) through to its final investment decision (FID).  The announcement comes after a review by the Competition and Markets Authority to ensure the Devex scheme’s compliance with the Subsidy Control Act 2022. This new scheme operates independently from the existing SZC Investment Funding Scheme, which was launched following the government’s…

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RWE installs offshore converter platform at 1.4 GW Sofia wind farm

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RWE has installed a high-voltage direct current (HVDC) offshore converter platform (OCP) at the 1.4 GW Sofia offshore wind farm in UK waters. This technology is crucial for converting high-voltage alternating current (HVAC) to HVDC, enabling efficient energy transmission. The project remains on track to be fully operational by 2026, providing enough electricity to power 1.2 million UK homes. The OCP, which took over two and a half years and more than 13 million hours…

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Biden Administration to auction offshore wind areas off Oregon coast

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The Biden Administration has announced plans to auction two areas totalling 194,995 acres (789 km²) off the coast of Oregon for offshore wind development. The U.S. Department of the Interior (DOI) states that these areas could generate over 3.1 GW of clean energy, enough to power about one million households. The auction is scheduled for October 15, 2024, marking the administration’s sixth leasing round and second in deep Pacific Ocean waters. The two sites, located…

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Trump’s campaign vows to overturn Biden’s clean energy policies if elected

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Donald Trump’s presidential campaign announced plans to scrap many of President Biden’s clean energy initiatives if Trump is re-elected. The campaign aims to eliminate regulations on power plants and transportation emissions, and fast-track approvals for new power plants to meet growing electricity demands. David Bernhardt, Trump’s former Interior Secretary, stated that Trump would authorize the construction of hundreds of new power plants and withdraw the U.S. from the Paris Climate Agreement. He criticized Biden-Harris policies…

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Jakson Engineers to invest Rs 20 billion in solar manufacturing

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Jakson Engineers Ltd, a subsidiary of the Jakson Group, has announced a major expansion of its solar manufacturing business, planning to invest around Rs 20 billion to establish a 2,500 MW solar cell manufacturing facility in two phases. The location for this new facility will be finalized soon. In addition to the new solar cell plant, Jakson will also expand its existing solar module facility in Greater Noida, increasing its capacity from 1,200 MW to…

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RECPDCL hands over Tumkur-II REZ Transmission project to G R Infraprojects

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REC Power Development & Consultancy Ltd (RECPDCL), a subsidiary of REC Ltd, handed over the special purpose vehicle (SPV) “Tumkur-II REZ Power Transmission Ltd” to G R Infraprojects Ltd (GRIL) on September 3, 2024, in Gurugram. GRIL was selected as the transmission service provider (TSP) through a tariff-based competitive bidding (TBCB) process managed by RECPDCL for the development of this transmission project on a build, own, operate & transfer (BOOT) basis. The handover ceremony saw…

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IEE sees 35.8% YoY volume growth in August 2024

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In August 2024, the Indian Energy Exchange (IEX) achieved a total trading volume of 12,040 MU, including certificates, marking a 35.8% year-over-year increase. The electricity volume alone was 9,914 MU, up 17.1% YoY, while renewable energy certificates (REC) reached 2,116 MU, showing a remarkable 737.4% increase from the previous year. REC prices hit an all-time low of Rs 115 per certificate during the August 28, 2024 trading session, offering obligated entities like DISCOMS and Captive…

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ABB India launches new Smart Home automation system

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ABB India, a global leader in electrification and automation, has introduced ABB-free@home®, a Smart Home automation system in India designed to enhance comfort, security, and energy efficiency for residential users. This wireless solution allows users to integrate and control various devices, including white goods, third-party gadgets, and EV chargers, through a single interface. The ABB-free@home® system includes a Matter Bridge Add-on, enabling seamless integration with a variety of smart devices via the emerging open-source Matter…

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Adani Power to triple Kawai thermal plant capacity with Rs 180 billion investment

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Adani Power plans to triple the capacity of its Kawai thermal power plant in Rajasthan, increasing it from 1,320 MW to 4,520 MW, with an investment of up to Rs 180 billion. The expansion will be carried out in two phases, each adding 1,600 MW over the next few years. As part of its broader strategy to double its thermal power capacity, Adani Power is also setting up new plants and expanding existing ones across…

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Oriana Power secures Rs 2.48 billion solar project from BPCL

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Oriana Power has won a Rs 2.48 billion contract from Bharat Petroleum Corporation (BPCL) to execute a 52 MW ground-mounted solar power project on an EPC basis. The project scope includes securing CTU approval, establishing transmission lines, and providing complete operations and maintenance (O&M) support for five years. Currently, Oriana Power has more than 390 MW of cumulative capacity under execution and has delivered over 240 MW of projects to date. The company also has…