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Masdar to acquire Saeta Yield for $1.4bn, expanding its renewable energy footprint in Iberia

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United Arab Emirates-based clean energy company Masdar has announced plans to acquire Saeta Yield from Brookfield Renewable and its institutional partners for an enterprise value of $1.4 billion (€1.2 billion). Saeta Yield, an independent renewable power developer, owner, and operator, has a substantial portfolio of 745MW of wind and solar assets. This includes 538MW of wind power in Spain, 144MW in Portugal, and 63MW of solar photovoltaic assets in Spain, along with a 1.6GW development…

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India’s power sector to see Rs 40 trillion investment by 2035

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India’s power sector is projected to receive over Rs 40 trillion in investments in the next decade, according to a report by Motilal Oswal. Of this, around Rs 34 trillion will be directed towards capital expenditure in areas like power generation, transmission, and smart metering, which will account for 86%, 10%, and 4% of the total, respectively. This investment surge is fueled by rising power demand, driven by India’s growing GDP, technological advancements, and a…

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India’s net-zero ambitions hinge on green hydrogen, S&P Global report finds

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India’s target of achieving net-zero emissions by 2030 depends heavily on significant advancements in the green hydrogen sector, according to a report by S&P Global. The report warns that delays in progress could push the timeline back by as much as a decade. Green hydrogen is a key element in India’s energy transition strategy, which focuses on energy efficiency, renewable energy, low-emission fuels, and sustainable mobility. To meet its ambitious goals, India must ramp up…

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Adani Group joins Utilities for Net Zero Alliance

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Adani Group companies Adani Green Energy Limited (AGEL) and Adani Energy Solutions Limited (AESL) have become the first Indian firms in the renewable energy and transmission & distribution (T&D) sectors, respectively, to join the Utilities for Net Zero Alliance (UNEZA). The alliance, under the guidance of the International Renewable Energy Agency (IRENA) and the UN Climate Change High-Level Champions, aims to promote renewable energy grids and clean energy solutions globally. Both AGEL and AESL aim…

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India needs fivefold growth in wind and solar by 2030 to meet 1.5°C climate goals, analysis finds

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A new analysis by Climate Analytics and the NewClimate Institute reveals that India needs to grow its wind and solar power generation fivefold by 2030 to align with global climate goals under the 1.5°C target. This would require generating around 1,100 TWh of electricity from wind and solar by the end of the decade. To achieve this, India would need significant international climate finance to support its transition away from coal, which currently generates 75%…

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SJVN invites bids for 5.8 MW rooftop solar projects

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SJVN has issued a tender for the installation of 5.8 MW grid-connected rooftop solar power systems on Union Government buildings across several states, including Delhi, Madhya Pradesh, Uttar Pradesh, Haryana, Gujarat, Maharashtra, and Rajasthan. The project is part of the PM Surya Ghar: Muft Bijli Yojana and follows the Renewable Energy Service Company (RESCO) model. Bidders are required to submit Rs 5,900 as a document fee, Rs 5,000 plus 18% GST for bid processing, and…

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Madhya Pradesh and Uttar Pradesh to collaborate on 2 GW solar power project

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Madhya Pradesh and Uttar Pradesh are set to collaborate on a 2 GW solar power project to address seasonal electricity demands. The project will supply power to Uttar Pradesh in the first half of the year and to Madhya Pradesh in the second half. The solar plant, with a capacity of 2 GW, is proposed to be built in Morena, Madhya Pradesh. Invitations for bids are expected within four months, with construction slated to begin…

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Himachal Pradesh to develop pumped storage projects, approves first two schemes

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The Himachal Pradesh government has initiated pumped storage projects (PSPs) with the approval of two key projects: the 1,630 MW Renukaji pump storage project in Sirmaur district and the 270 MW Thana Plaun pump storage project in the Beas Basin, Mandi district. Chief Minister Sukhvinder Singh Sukhu confirmed the projects have been allotted to Himachal Pradesh Power Corporation (HPPCL), with work already underway. The Renukaji project will generate 40 MW, and the Thana Plaun hydropower…

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Apraava Energy awarded transmission project in Rajasthan

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Apraava Energy has secured an interstate transmission project in Rajasthan through the tariff-based competitive bidding (TBCB) process. The project involves the construction of approximately 200 km of 400 kV and 765 kV transmission lines, along with a pooling station, to facilitate the evacuation of 5.5 GW of renewable energy from Rajasthan’s Renewable Energy Zone Phase IV. Located in the Jaisalmer and Barmer regions, the project will play a key role in India’s renewable energy goals….

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Sealmatic India wins supply order from BHEL

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Sealmatic India has won a contract to supply engineered mechanical seals for the DVC Raghunathpur Thermal Power Station Phase-II, with an installed capacity of 1320 MW (2 x 660 MW), through Bharat Heavy Electricals Ltd (BHEL). The order is expected to be completed within 24 weeks. Sealmatic specializes in designing and manufacturing high-precision, heavy-duty mechanical seals for power plant applications, including nuclear and thermal plants. The mechanical seals will be used in critical components such…