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Adani secures 6,600 MW energy supply deal with MSEDCL
Maharashtra State Electricity Distribution Company Ltd (MSEDCL) has issued a letter of intent to Adani Group for the long-term supply of 6,600 MW of thermal and green energy. The agreement includes 5,000 MW of solar power from Adani Green Energy Ltd (AGEL) and 1,600 MW of thermal power from Adani Power Ltd (APL). Adani Power and AGEL will sign formal 25-year power supply agreements with MSEDCL, following a competitive bidding process. The 5,000 MW solar…
Tata, MG offer free charging, battery rentals to lure EV buyers
India’s leading electric vehicle (EV) manufacturer, Tata Motors, is offering free charging and discounts to attract consumers, while rival MG Motor has launched a pioneering battery rental plan. These efforts aim to address slowing sales growth in the EV market, which currently accounts for 2% of India’s 4.2 million annual car sales. Sales growth has stalled, with analysts pointing to high vehicle prices and insufficient charging infrastructure as key barriers. To combat this, MG Motor…
India surpasses 200 GW renewable energy milestone
India has crossed a major milestone in its renewable energy journey, with the nation’s total renewable energy capacity reaching 201.45 GW as of October 10, 2024, according to the Central Electricity Authority (CEA). When including the 8,180 MW of nuclear power, non-fossil fuel-based energy now accounts for nearly half of India’s total installed electricity generation capacity, which stands at 452.69 GW. Solar power leads India’s renewable energy contributions, generating 90.76 GW, followed by wind power…
Brazil shuts down major hydroelectric plants due to severe drought, shifts focus to thermal, imported power
Brazil has temporarily shut down two of its largest hydroelectric power plants due to a severe drought, as water levels in the River Madeira reach critically low levels. On August 7, the Electric Sector Monitoring Committee (CMSE) advised the government to minimize hydropower usage and instead focus on thermal power sources and electricity imports from Argentina and Uruguay. The current drought conditions are expected to persist until November 30, according to Brazil’s National Water Agency….
Lightsource bp partners with Kajoni Energie to develop over 500MW of solar projects in Germany
Solar technology developer Lightsource bp has announced a partnership with Germany-based renewables developer Kajoni Energie to develop more than 500MW of utility-scale solar projects in Germany. The collaboration will focus on projects of at least 20MW, with development expected to occur over the next two to three years. Kajoni will identify suitable project sites of at least 20 hectares and secure the necessary licenses to achieve ready-to-build status. Once construction begins, Lightsource bp will take…
Adani Power completes acquisition of Pathadi thermal project phase II
Adani Power Limited (APL) completed the acquisition of Lanco Amarkantak Power Limited (LAPL) for the Pathadi Thermal Power Project (TPP) phase II. The acquisition includes LAPL’s existing 2×300 MW (600 MW) operational TPP in Korba district, Chhattisgarh, and the development of an additional 2×660 MW (1,320 MW) TPP capacity under phase II expansion.