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Lupin to acquire 42.61% stake in Sunsure Solarpark

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Lupin Limited has signed a share subscription and shareholders agreement with Sunsure Solarpark Seventeen Private Limited and Sunsure Energy Private Limited to acquire up to 42.61% of Sunsure Solarpark’s shares through an investment of Rs 105.53 million, completed in two stages. This investment will allow Lupin to source renewable energy for its Tarapur manufacturing site, reducing power costs and advancing its decarbonization goals. The transaction is expected to be finalized within the next six months.

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THDC begins draft tube installation at 444 MW Vishnugad Pipalkoti HEP

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THDC India Limited has commenced the installation of the draft tube in Unit 1 of the 444 MW Vishnugad Pipalkoti hydroelectric project (HEP) on the Alaknanda River in Uttarakhand. The draft tube plays a key role in directing water that has passed through the turbine back into the river, maintaining pressure and enabling energy recovery, which is crucial for optimizing the efficiency of power generation. The project is situated near Helong village.

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Amazon, Global Optimism, and partners launch network of EV charging stations in Bengaluru

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Amazon and Global Optimism, co-founders of The Climate Pledge, have announced a joint initiative, JOULE (Joint Operation Unifying Last-mile Electrification), to build a shared network of electric vehicle (EV) charging stations in Bengaluru. The project, supported by Pledge signatories like Mahindra Logistics, HCLTech, Greenko, and Deloitte, along with partners Kazam and Magenta Mobility, will see a collective investment of over USD 2.65 billion by 2030. The project aims to power 5,500 EVs by 2030, with…

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SECI issues tender for 500 MW offshore wind project off Gujarat coast

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The Solar Energy Corporation of India (SECI), under the Ministry of New and Renewable Energy (MNRE), has issued a tender for the development of a 500 MW offshore wind project in the Gulf of Khambhat, Gujarat. Bids are due by 12 December, with pre-bid meetings scheduled for 22 October. The project has a completion deadline of 48 months. The selected developer will build, own, and operate the wind farm, entering a 25-year power purchase agreement…

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Sunsure Energy secures Rs 100 billion debt financing from REC

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Sunsure Energy has signed an agreement with REC for debt financing worth Rs 100 billion to support the development of 3 GW of solar, wind, hybrid, and battery energy storage system (BESS) projects. The deal was inked during the fourth Global RE-Invest Meet and Expo organized by the Ministry of New and Renewable Energy (MNRE) in Gujarat. This financing will enable Sunsure Energy to expand its portfolio of open-access hybrid projects across India, helping the…

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AM/NS India launches Rs 10 billion steel line for solar panel manufacturers

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ArcelorMittal Nippon Steel (AM/NS) India has launched a value-added steel line, Magnelis, with an investment of nearly Rs 10 billion at its Hazira plant in Gujarat. The production line, with a capacity of 500,000 tonnes per annum, is aimed at solar panel manufacturers. The company is in talks with major customers like Adani Green Energy, Reliance Industries, Sterling & Wilson, and NTPC. AM/NS is also planning a new steel line for the automotive sector by…

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Tata Group and Analog Devices ally for semiconductor manufacturing

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Tata Group and global semiconductor leader Analog Devices (ADI) have signed a memorandum of understanding (MoU) to explore semiconductor manufacturing opportunities in India. Tata Electronics, Tata Motors, and Tejas Networks will collaborate with ADI to enhance business cooperation, focusing on applications like electric vehicles and network infrastructure. Tata Motors and ADI will work on electronics hardware components for energy storage and power electronics in commercial and passenger vehicles, while Tejas Networks and ADI will explore…

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Gautam Solar to invest Rs 10 billion in 2 GW solar cell manufacturing plant in Haryana

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Gautam Solar plans to establish a 2 GW solar cell manufacturing plant with an investment of Rs 10 billion. The facility, part of the company’s strategy to meet the growing demand for renewable energy, will help Gautam Solar comply with the Ministry of New and Renewable Energy’s ALMM guidelines, promoting locally manufactured components for government-subsidized projects. The company has acquired a 60-acre site in Bhiwani, Haryana, and aims to boost its competitiveness by producing high-quality,…

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Transformer Protection: Ensuring Safety and Reliability in Power Systems

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Transformers face several risks and potential faults that, if left unaddressed, could lead to system failures. Transformers can experience both external and internal faults. External faults include short circuits, overloads, and over-voltages that originate outside the transformer but impact its operation. On the other hand, internal faults occur within the transformer itself and may include short circuits between turns or windings, ground faults, excessive temperature or pressure, and the loss of transformer oil. Each of…

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OECD net electricity production rises 5.4% in June 2024

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According to the latest release from the International Energy Agency (IEA), total net electricity production in the Organisation for Economic Co-operation and Development (OECD) countries reached 902.8 TWh in June 2024, reflecting a 5.4% year-on-year (y-o-y) increase. On a year-to-date basis, electricity production in the first two quarters of 2024 rose by 2.9%. The OECD consists of 38 member countries, including major economies such as the United States, Japan, Germany, and Australia, working to promote…