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Hitachi Energy achieves record order backlog of Rs 89.1 billion
Hitachi Energy India Ltd reported a record-high order backlog of Rs 89.1 billion as of September 30, 2024, marking unprecedented revenue visibility for upcoming quarters. Orders for the quarter ending September 30 totalled Rs 19.52 billion, reflecting an 11.7% year-on-year increase, driven largely by renewable projects in utilities, power quality, and substations. Notable contributions also came from expansions and efficiency upgrades in existing plants, with significant orders from the transformer and power quality sectors spanning…
NMMC to expand renewable energy use with $450 million solar initiative
Navoi Mining and Metallurgical Company (NMMC), Central Asia’s largest gold producer, is ramping up its renewable energy efforts as part of Uzbekistan’s push to increase renewable energy’s share to 40% by 2030. NMMC has launched a $450 million program to expand solar power installations across its operations. In the first half of 2024, NMMC installed photovoltaic panels at 21 industrial sites, totaling 5,750 kW, generating up to 9.7 million kWh of electricity annually. An additional…
Zelestra signs 450 MW solar power supply agreement with NTPC in Rajasthan
Spanish renewable energy company Zelestra has signed a 25-year power purchase agreement (PPA) with NTPC to supply electricity from its 450 MW solar project in Rajasthan. This project will reduce CO2 emissions by 13,555.774 tonnes over the PPA’s duration. The solar project is part of Zelestra India’s plan to develop over six GW of renewable energy projects in the next three years. Zelestra, backed by EQT with USD 232 billion in assets, operates a 20…
China approves $31 billion investment in 11 new nuclear reactors
China’s State Council has approved the construction of 11 nuclear reactors across five provinces: Jiangsu, Shandong, Guangdong, Zhejiang, and Guangxi. The projects, with a total investment of 220 billion yuan ($31 billion), are expected to be completed in approximately five years. The China National Nuclear Corporation (CNNC) will build the world’s first high-temperature gas-cooled reactor combined with a pressurized water reactor (PWR). In Jiangsu province, CNNC plans to construct two Hualong One PWRs and a…
West Bengal Cabinet approves 660-MW supercritical plant
On 30 September 2024, the West Bengal Cabinet approved establishing a 660-MW supercritical power plant at Sagardighi in Murshidabad district. Power Minister Arup Biswas announced that 95% of the work on the plant has been completed, with plans to finish by March 2025. The Cabinet also approved the construction of five additional power plants and a new 1,600 MW plant, which will follow a PPP model with a global tender. Additionally, the Cabinet allowed 32.43…
Ocean Winds and Brazilian university partner to boost offshore wind capacity
Ocean Winds (OW) has signed a memorandum of understanding (MoU) with the Universidade Federal do Rio Grande do Norte (UFRN) to advance offshore wind capabilities in Brazil. The partnership will leverage OW’s global expertise in offshore wind, with 18.5 GW of total capacity, including 2 GW under construction and 1.5 GW operational, to enhance Brazil’s offshore wind sector. Since 2020, OW has filed proposals for five offshore wind projects in Brazil, totalling 15 GW across…