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Refex Green Mobility acquires 2,997 electric four-wheelers

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Refex Green Mobility Limited has acquired 2,997 electric four-wheelers (e4Ws) from Gensol Engineering Limited for Rs 3.15 billion. The acquisition includes the transfer of Gensol’s existing loan facility. The e4Ws will be deployed in key markets such as Chennai, Bengaluru, Hyderabad, Mumbai, and Pune, where Refex Green Mobility operates.  The company also plans to lease the vehicles to Blu-Smart Mobility Limited to support operations in Delhi NCR and Bengaluru.

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JSW Energy fully operationalizes 700 MW Utkal thermal power plant

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JSW Energy Limited, through its wholly owned subsidiary, has commenced operations of Unit-2 (350 MW) at the Utkal thermal power plant in Odisha. Both units, with a combined capacity of 700 MW, were restored and made fully operational within two years of acquisition.  The plant operates on domestic coal but does not currently have long-term power purchase agreements.

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JBIC partners with PFC to fund renewable energy projects in India

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Japan Bank for International Cooperation (JBIC) has signed an agreement with Power Finance Corporation Limited (PFC) to finance renewable energy projects in India. Under the agreement, JBIC and PFC will establish a credit line of Rs 66.73 billion (120 billion JPY), with JBIC contributing Rs 40.04 billion (72 billion JPY). This initiative is part of JBIC’s GREEN (Global action for Reconciling Economic growth and Environmental preservation) operations.  The funding will support projects that reduce greenhouse…

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Pertamina NRE acquires 20% stake in CREC for $115 million

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Pertamina New & Renewable Energy (Pertamina NRE), a subsidiary of an Indonesian State-Owned Enterprise, has signed a share subscription agreement with Citicore Renewable Energy Corporation (CREC).  Pertamina NRE will acquire a 20% stake in CREC by subscribing to 2,232,143,036 common shares at PhP 3.00 per share, amounting to approximately $115 million. This partnership gives Pertamina NRE access to CREC’s expertise in engineering, procurement, and construction (EPC) while supporting CREC’s regional expansion and its goal to…

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Plug Power to supply 3 GW electrolysers for Australia’s green ammonia plant

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Plug Power has signed a purchase agreement with Allied Green Ammonia (AGA) to supply 3 GW of electrolyser capacity for AGA’s green hydrogen-to-ammonia plant in Australia.  The plant will also include a 4.5 GW solar facility to power the electrolysers with zero-emission electricity, targeting a production capacity of 2,700 metric tonnes of green ammonia per day. As part of the agreement, Plug Power will deliver a Basic Engineering and Design Package (BEDP) to provide technical…

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bp to sign redevelopment deal for Kirkuk oil and gas fields in Iraq

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UK oil and gas giant bp is set to sign an agreement with the Government of Iraq to redevelop four oil and gas fields in the Kirkuk region of northern Iraq. The deal could be signed by early February, as stated by Iraq’s Oil Minister Hayan Abdel-Ghani to Reuters. The project aims to increase the production capacity of the fields from 350,000 barrels per day (bpd) to 500,000 bpd, supplying under-utilised northern refineries. According to…

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UK announces £410m fusion energy investment for Nottinghamshire project

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The UK government has unveiled a £410 million ($501.1 million) investment to advance fusion energy development. The funding will support the construction of a fusion power plant at the site of a former coal facility in Nottinghamshire, as part of the government’s Plan for Change initiative to drive economic growth and position the UK as a leader in fusion energy. The investment will accelerate progress in the fusion energy sector from 2025 to 2026 and…

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Nexans secures €1bn LanWin2 project with TenneT for offshore grid

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Cable systems and services provider Nexans has signed a €1 billion ($10.3 billion) agreement with TenneT for the LanWin2 project, part of TenneT’s 2GW offshore grid connection programme in the German North Sea. The LanWin2 project includes the engineering, procurement, construction, and installation (EPCI) of 525 kV high-voltage direct current (HVDC) onshore and offshore export cable systems. Spanning 250 km, the system will transmit 2GW of renewable wind energy and is expected to be operational…

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Masdar to develop 1GW renewable energy projects in Philippines

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Masdar, the United Arab Emirates’ clean energy provider, has entered the Philippines renewables market with agreements to develop 1GW of solar, wind, and battery energy storage systems (BESS) by 2030. The agreements, signed with the Philippines Department of Energy (DoE) and the Board of Investments, support the country’s energy transition programme. This initiative aims to achieve 35% renewable energy in power generation by 2030 and 50% by 2040. Masdar CEO Mohamed Jameel Al Ramahi highlighted…

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LRE and Google sign 700 MWac solar PPAs

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Leeward Renewable Energy (LRE) has revealed plans for renewable energy projects exceeding 700 megawatts alternating current (MWac) in Oklahoma, supported by long-term power purchase agreements (PPAs) with Google. The projects include the 372-MWac Mayes County solar portfolio, located near Google’s Pryor data centre. Construction is underway, with energy delivery facilitated through the Grand River Dam Authority (GRDA). The portfolio features three sites: Salt Branch Solar, Huckleberry Solar, and Mayes Solar. Along with the Twelvemile Solar…