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Hitachi Energy invests $155 million in North American manufacturing

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Hitachi Energy has announced plans to invest an additional $155 million into its North American manufacturing operations, including the construction of a new distribution transformer factory in Reynosa, Mexico, and expansions at existing facilities in South Boston, Virginia, and Mount Pleasant, Pennsylvania. This move is part of the company’s broader strategy to address surging demand for electrical equipment in the region. The $70 million facility in Reynosa will focus on producing single-phase padmount distribution transformers,…

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GE Vernova secures five onshore wind deals in Spain

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GE Vernova has signed five agreements to supply its 6.1 MW turbines with 158-meter rotors for onshore wind projects across Spain. The company will supply and commission 16 turbines to two wind farms in Castilla León—eight for Casa Vieja and eight for Pedrejones. Deliveries are scheduled to begin at the end of 2024. In addition, GE Vernova will upgrade the Les Colladetes wind farm in Catalonia, installing eight turbines for Enervent, and will supply five…

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Tata Power-DDL receives 20-year patent for self-regenerating transformer breather

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Tata Power Delhi Distribution Ltd (Tata Power-DDL) has been granted a 20-year patent for its innovative self-regenerating transformer breather, designed to protect transformers from moisture ingress and extend their operational lifespan. The patented technology reduces the need for frequent replacement of Silica gel in transformer breathers, a component crucial for preventing moisture damage. Traditionally, Silica gel in breathers must be replaced 4-6 times before the two-year maintenance schedule of a transformer, but with the new…

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Waaree Energies gets SEBI green signal for IPO

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Waaree Energies Limited, an Indian solar PV module manufacturer, has received final approval from the Securities and Exchange Board of India (SEBI) for its initial public offering (IPO) to raise Rs 30 billion. The IPO will include a fresh issue of shares with a face value of Rs 10 per equity share, and an offer for sale (OFS) of up to 3.2 million equity shares, as outlined in its draft red herring prospectus filed in…

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Sustainiam to generate carbon credits for 400 MW renewable assets of Brookfield Asset Management

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Sustainiam announced it has onboarded 400 MW of renewable assets from Brookfield Asset Management as part of a 5-year agreement aimed at generating and trading carbon credits. The renewable assets include 50 wind projects across states such as Gujarat, Tamil Nadu, Karnataka, and Rajasthan. Sustainiam will evaluate the green energy practices at these assets to generate carbon credits and International Renewable Energy Certificates (I-REC). Additionally, Sustainiam will facilitate Brookfield in trading these credits through its…

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myTVS launches Mobility-as-a-Service platform, plans 10,000 EVs by 2025

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Digital automotive aftermarket platform myTVS has introduced its pan-India ‘Mobility-as-a-Service’ (MaaS) platform aimed at serving last-mile electric vehicle (EV) fleet operators. The platform brings together various ecosystem partners, including original equipment manufacturers (OEMs), to provide a full range of services for the entire EV fleet lifecycle. The Chennai-based company, part of the TVS Mobility Group, plans to add 10,000 electric two-wheelers to its fleet by March 2025. myTVS has also partnered with EV-based logistics firm…

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NHPC pays Rs 12.86 billion dividend to Government for FY2023-24

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State-owned hydro power giant NHPC has paid a total dividend of Rs 12.86 billion for the financial year 2023-24. On September 20, 2024, NHPC disbursed a final dividend of Rs 3.39 billion to the Government of India. Earlier in the fiscal year, an interim dividend of Rs 9.48 billion was paid on March 5, 2024. The company’s board had recommended a final dividend of Rs 0.50 per equity share, or 5% of the face value,…

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Zelestra secures €132 million financing for 435 MW solar project in Rajasthan

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Zelestra has finalized €132 million in green financing for its 435 MW solar photovoltaic project in Gorbea, Rajasthan. The financing was provided by HSBC, Credit Agricole, MUFG, and Bank of America, aligning with Zelestra’s Green Financing Framework and the Green Loan Principles issued by the Loan Market Association. The project will supply power to the Solar Energy Corporation of India (SECI) under a 25-year agreement. The solar plant is expected to generate enough electricity to…

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Karnataka Power Transmission issues tender for GIS substation in Bengaluru

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Karnataka Power Transmission Corporation (KPTCL) has issued a tender for the establishment of a 2×150 MVA, 220/66 kV gas-insulated switchgear (GIS) substation in Banashankari, Bengaluru Urban district. The project will include the installation of vertical configuration GIS within the existing 66/11 kV Banashankari Third Stage substation, along with underground cable connections, construction of 220 kV and 66 kV terminal bays, and related dismantling work. The contract, valued at Rs 2.69 billion, will be executed on…

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Sterling and Wilson Renewable Energy wins Rs 5.12 billion orders

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Sterling and Wilson Renewable Energy (SWREL) has secured two new domestic orders from private independent power producers (IPPs), valued at Rs 5.12 billion. The company will provide engineering, procurement, and construction (EPC) services for a 200 MW AC/250 MWp DC solar PV project in Gujarat and a 50 MW AC/65 MWp DC solar PV plant in Maharashtra. The company, a global end-to-end renewable EPC provider, is active in utility-scale solar, floating solar, and hybrid energy…