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EnBW plans €3 billion capital increase to boost Germany’s energy transition

EnBW is in discussions with its major shareholders about a potential capital increase of €3 billion to manage the rising costs of investing in Germany’s energy transition. The utility stated that the decision regarding a possible share issue will be made by shareholders at the annual general meeting. EnBW, primarily owned by the German state of Baden-Wuerttemberg and local municipalities, anticipates its investments in energy projects could rise to €50 billion by 2030, up from…

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DTEK to invest €140 million in 200 MW energy storage systems across Ukraine

DTEK plans to establish a series of energy storage systems (ESS) across Ukraine, with a total capacity of 200 MW, aimed at enhancing the nation’s green and secure energy infrastructure. The project will involve a €140 million investment and is expected to be operational by September 2025. These ESS will provide ancillary services to Ukrenergo, the national Transmission System Operator. In August 2024, DTEK won a competitive auction to supply automatic frequency restoration reserves to…

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NLC India plans Rs 500 billion investment to triple renewable energy capacity

Lignite-to-power producer NLC India Ltd (NLCIL) plans to invest approximately Rs 500 billion to increase its renewable energy capacity from 1.43 GW to 10.11 GW. NLC India Green Energy Limited (NIGEL), a wholly-owned subsidiary of NLCIL, has been established to focus on renewable energy generation. The company aims to achieve a 50% renewable energy (RE) share in its total planned capacity. Currently, 2 GW of renewable energy projects are under implementation, with plans to further…

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Tata, MG offer free charging, battery rentals to lure EV buyers

India’s leading electric vehicle (EV) manufacturer, Tata Motors, is offering free charging and discounts to attract consumers, while rival MG Motor has launched a pioneering battery rental plan. These efforts aim to address slowing sales growth in the EV market, which currently accounts for 2% of India’s 4.2 million annual car sales. Sales growth has stalled, with analysts pointing to high vehicle prices and insufficient charging infrastructure as key barriers. To combat this, MG Motor…

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PGCIL wins bid for Jam Khambhaliya augmentation scheme

Power Grid Corporation of India Ltd (PGCIL) has been awarded the letter of intent for the Jam Khambhaliya augmentation scheme under the tariff-based competitive bidding (TBCB) route. The project involves establishing an interstate transmission system for the “Augmentation of transformation capacity at Jam Khambhaliya PS (GIS)” on a build, own, operate, and transfer (BOOT) basis. The letter of intent was received by PGCIL on September 12, 2024. The Jam Khambhaliya augmentation project, estimated to cost…

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Genus Power establishes two SPVs for smart metering under RDSS

Genus Power Infrastructures Limited has formed two special purpose vehicles (SPVs), Genus Shekhawati Smart Metering Private Limited and Genus Marwar Smart Metering SPV Private Limited, to execute advanced metering infrastructure service provider (AMISP) services as part of the revamped distribution sector scheme (RDSS). The projects will focus on strengthening, renovating, and augmenting existing distribution systems to improve efficiency and reliability in power distribution.

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Sumitomo, AMPIN collaborate to develop 1 GW RE in India

Sumitomo Corporation has formed a joint venture with AMPIN Energy Transition Pvt Ltd to form AMPIN C&I Power Pvt Ltd for developing renewable energy assets in India and promoting corporate Power Purchase Agreements (PPAs) for supplying renewable electricity to businesses. The total project cost is approximately 100 billion yen and is expected to create a 1 GW portfolio of renewable energy assets backed by corporate PPAs. The joint venture will be owned 51% by AMPIN…

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PGCIL completes delayed interstate transmission system for Rajasthan’s solar energy zones

Power Grid Corporation of India Ltd (PGCIL) recently commissioned an interstate transmission system (ISTS) under “Powergrid Bhadla Transmission Ltd.” The project, officially named the “Transmission system strengthening scheme for evacuation of power from solar energy zones in Rajasthan (8.1 GW) under Phase-II, Part B,” was completed in August 2024, nearly two years behind schedule. This Rs 11.06 billion scheme, awarded to PGCIL under the Tariff-Based Competitive Bidding (TBCB) route, involved the construction of a 405-ckm…

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Sunsure signs PPA to supply 21 MW solar power to Lupin

Sunsure Energy has signed a power purchase agreement (PPA) to provide 21 MW (31.5 MWp) of solar power to pharmaceutical giant Lupin. The power will be sourced from Sunsure’s 100 MW (150 MWp) solar plant in Solapur, Maharashtra, boosting renewable energy use across Lupin’s Tarapur facility.   Sunsure is also developing 500 MW of solar and wind energy parks in Maharashtra, with additional PPAs signed with companies such as KSB Pumps, Dabur, and Inox Air Products.

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Tata Electronics, TCS to develop India’s first domestic semiconductor chips by 2026

Tata Consultancy Services (TCS) is collaborating with Tata Electronics to introduce India’s first domestically produced semiconductor chips by 2026. Tata Electronics is leading the manufacturing efforts, targeting industries such as automotive, electronics, power, consumer goods, and healthcare. TCS will contribute through semiconductor design, engineering, and related services, including software solutions and IP-based products. The India Semiconductor Mission (ISM) has approved three semiconductor manufacturing facilities, including two led by Tata Electronics: a USD 11-billion chip manufacturing…