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AMPIN Energy Transition achieves financing for RE project in Rajasthan

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AMPIN Energy Transition has achieved financial closure for its 200 MW solar-wind hybrid project in Rajasthan, securing green financing of Rs 7.42 billion from Standard Chartered. The total investment in the project is valued at Rs 9.44 billion.

Upon completion, the plant is expected to generate approximately 435 million units of renewable energy annually, supplying power to around 74,486 households. Standard Chartered, committed to expanding its sustainable finance efforts, aims to mobilize USD 300 billion in sustainable finance by 2030.

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Ofgem fast-tracks £3.4bn Anglo-Scottish electricity “superhighway”  

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The UK’s energy regulator, Ofgem, has approved the fast-tracking of the Anglo-Scottish electricity “superhighway” project, EGL2, under its Accelerated Strategic Transmission Investment (ASTI) framework. This initiative is designed to expedite 26 major grid connection projects, aiming to boost grid capacity and save an estimated £1.5 billion ($1.92 billion). EGL2 is the first of these projects to secure funding under the ASTI framework. The project will establish a 2GW high-voltage electricity cable link between Peterhead in…

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MNRE increases solar module capacity under ALMM by 2.09 GW

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The Ministry of New and Renewable Energy (MNRE) has expanded the Approved List of Models and Manufacturers (ALMM) by adding 2,094 MW of solar module capacity, bringing the total capacity to 58,422 MW.  Major additions include SAEL Solar P6 with 2,065 MW and Grew Energy with 29 MW. Meanwhile, ITI, Jyotitech Solar, SunField Energy, and Suryakamal Energy have been removed from the list. New entrants on the provisional list include Ganesh Green Bharat with 131…

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Dibrugarh researchers patent hydro electric turbine in Assam

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Two researchers from the mechanical engineering department of Dibrugarh University Institute of Engineering and Technology (DUIET), Pranjal Sarmah and Siddhartha Sankar Sarmah, have patented a hydroelectric turbine designed to generate electricity from shallow water bodies like streams and rivers. Their device, titled ‘Turbine Device for Generating Electricity in Shallow Water Flow,’ is expected to advance small-scale hydroelectric power generation without the need for extensive dams. Traditional turbines are often optimized for high-flow conditions, limiting their…

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Moroccan government partners with Total Energies H2 for ‘Chbika’ green hydrogen project

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The Moroccan government, alongside Total Energies H2 and partners, has signed a Preliminary Contract for Land Reservation for the ‘Chbika’ project. Total Energies H2—a joint venture between TotalEnergies and EREN Group—and partners, including CIP’s Energy Transition Fund and A.P. Møller Capital’s Emerging Markets Infrastructure Fund, will now proceed with pre-FEED studies. The ‘Chbika’ project aims to develop 1 GW of onshore solar and wind capacity to produce green hydrogen through seawater electrolysis, transforming it into…

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BP considers selling minority stake in offshore wind division

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BP is exploring the sale of a minority stake in its offshore wind division to offset the substantial development costs associated with its projects, as reported by Reuters. This move follows shareholder pressure over BP’s 2020 energy transition strategy, as profits from renewables have fallen while oil and gas margins have risen. The company has engaged Bank of America to identify potential partners as it seeks to reduce its financial burden in the growing offshore…

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Invenergy and Honda ink virtual power purchase agreement in Japan

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Invenergy has announced a virtual power purchase agreement (VPPA) with Honda Motor Co Ltd. for the Rusutsu wind project in Japan’s Hokkaido region, providing 63 MW of renewable energy. The wind farm is expected to offset 64,000 tonnes of carbon emissions annually, making it the largest corporate VPPA in the area. This agreement follows Invenergy’s 200 MW power purchase deal with a Honda group company in North America for the Samson Solar Energy Center, which…

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