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Global demand for critical minerals for renewables to triple by 2030: UN

Global demand for minerals crucial to renewable energy technologies is projected to nearly triple by 2030, according to a United Nations report. The UN Secretary-General’s expert panel on critical energy transition minerals has outlined recommendations for governments, industries, and stakeholders to ensure the energy transition is fair, sustainable, and equitable. UN Secretary-General António Guterres highlighted the need for justice and equity in the renewables revolution, with the panel’s recommendations set to be shared ahead of…

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Mubadala Energy secures key wins in Andaman exploration

Mubadala Energy has achieved two major milestones in its Andaman exploration efforts. Partnering with Harbour Energy, it secured the Central Andaman licence (Harbour 60%, Mubadala 40%) from Indonesia’s oil and gas regulator, MIGAS. This acquisition enhances Mubadala’s strategy in the Andaman Sea, boosting the basin’s potential. Additionally, Mubadala completed the South Andaman drilling campaign, appraising the Layaran discovery. The multi-well campaign, including Layaran-1, Tangkulo-1, and Layaran-2, confirmed the basin’s multi-TCF potential using advanced deep-water technology….

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Powin and BHE Renewables partner to build solar-storage microgrids

Powin has teamed up with BHE Renewables to deliver a major solar and storage microgrid in Ravenswood, West Virginia. This project will supply renewable energy to Titanium Metals (TIMET), a subsidiary of Precision Castparts, for manufacturing titanium products for the aerospace industry. Powin will provide a 50MW Centipede Stack800 battery energy storage system, designed for 10-12 hours of energy discharge. The system will complement a 106MW solar array, forming a key part of the microgrid….

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MNRE to seek firm investment commitments at RE-Invest 2024 for clean energy target

The Ministry of New and Renewable Energy (MNRE) will seek firm investment commitments, or “shapath patras,” from banks, financial institutions, private companies, and state governments at the upcoming RE-Invest event in Gandhinagar, Gujarat, next week. Union Minister Pralhad Joshi announced today that the ministry has requested banks and financial institutions to provide specific commitment letters for investments in renewable energy over the next five years. This initiative is part of India’s goal of achieving 500…

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Union Cabinet approves Rs 34.35 billion PM-eBus Sewa scheme for electric buses

The Union Cabinet has approved the “PM-eBus Sewa-Payment Security Mechanism (PSM) scheme” with an outlay of Rs 34.35 billion. The scheme aims to support the procurement and operation of over 38,000 electric buses (e-buses) from FY 2024-25 to FY 2028-29, with a 12-year operational period from deployment. Currently, most buses operated by Public Transport Authorities (PTAs) run on diesel or CNG, contributing to environmental pollution. E-buses, being eco-friendly and cost-efficient, are a more sustainable option….

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Union Cabinet approves Rs 124.61 billion for hydropower projects

The Union Cabinet has approved a revised budgetary support scheme for Hydro Electric Projects (HEP), with a financial outlay of Rs 124.61 billion. The scheme, running from FY25 to FY32, aims to support hydropower projects with a combined capacity of 31,350 MW. The updated scheme expands infrastructure support to include transmission lines, ropeways, railway sidings, and communication infrastructure, along with strengthening roads and bridges to improve access to remote project sites. This is expected to…

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Servotech wins contract to install 11 DC EV charging stations in Karnataka

Servotech Power Systems has won a contract to install 11 DC fast EV charging stations from Bangalore Electricity Supply Company (BESCOM). The stations will be set up at Regional Transport Office (RTO) locations across Karnataka, enhancing the state’s electric vehicle (EV) charging infrastructure. Servotech will oversee the project from design to installation, ensuring optimal placement and capacity at each RTO site. The charging stations will meet strict safety and performance standards, and the company will…

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Telangana’s TGSPDCL launches pilot project to convert villages to solar power

Telangana’s Southern Power Distribution Company Limited (TGSPDCL) has launched a pilot project to convert villages to solar power, starting with Kondareddypalli in Nagarkurnool district. This initiative is part of Chief Minister A Revanth Reddy’s broader plan to implement solar-powered villages across the state, with two pilot projects in the southern and northern discoms. To promote solar energy among farmers, Revanth Reddy has instructed officials to distribute free solar pump sets. Additionally, the government is exploring…

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Gujarat hydropower plants made a record in electricity generation in August’24

In August 2024, Gujarat’s hydropower plants generated 1,067.3 million units (MU) of electricity, a rise from 308.7 MU in July, due to monsoon-driven water inflows filling the state’s dams, according to ANI. The Sardar Sarovar Dam was the largest contributor, generating over 800 MU, with its River Bed Power House (RBPH) and Canal Head Power House (CHPH) stations producing a combined total of 891 MU. Additional contributions came from the Ukai Dam, which generated 143.1…

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Honda Power partners with Bhago Mobility for green fleet

Honda Power Pack Energy, a subsidiary of Honda Power Company, has partnered with Bhago Mobility to offer green fleet management services for electric vehicles in last-mile delivery. The collaboration will deploy Honda e: Swap-powered electric vehicles in Bangalore and Delhi, benefiting e-commerce fleets and passenger mobility. Bhago Mobility plans to launch 100 electric cargo vehicles in the coming months of 2024, to expand to 10,000 vehicles within three years. These vehicles will be stationed at…