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Fossil fuels to supply 40-60% of energy by 2050 despite clean energy push: McKinsey
A McKinsey report reveals that fossil fuels will continue to provide 40-60% of global energy by 2050, due to slower adoption of electric vehicles (EVs) and challenges in scaling clean energy technologies. Gas will remain a key energy source, stabilizing grids as renewables, though growing, are intermittent. Despite fossil fuel consumption plateauing between 2025 and 2035, investments will persist to ensure energy reliability during the transition. Global energy demand is set to rise by up…
Genus Power subsidiary secures Rs 3,608.52 million smart metering orders
A wholly-owned subsidiary of Genus Power Infrastructures Ltd has received three orders totaling Rs 3,608.52 million for advanced metering infrastructure services (AMISPs). The contracts involve the design, supply, installation, and commissioning of approximately 4.26 million smart prepaid meters and system meters, including DT Meters, with energy accounting on a DBFOOT basis. Genus Power operates manufacturing plants in Jaipur, Haridwar, and Guwahati, with a combined annual capacity of over 10 million meters. With these new orders,…
Australia’s largest wind farm begins supplying power to Victoria’s grid
The 1.3GW Golden Plains wind farm, located in Rokewood, Victoria, has begun supplying renewable energy to the state’s electricity grid. As the largest wind farm in the southern hemisphere, it will generate 4,000 GWh annually, covering 9% of Victoria’s energy needs and powering 765,000 homes when fully operational. The project includes a 300MW battery to store surplus energy, ensuring reliable supply during peak demand. The wind farm’s construction created 700 jobs, with 70 permanent roles…
Patel Engineering partners with RVNL for hydro and infrastructure projects
Patel Engineering has entered into a memorandum of understanding (MoU) with Rail Vikas Nigam Limited (RVNL) to form a partnership to execute hydro and other infrastructure projects in India and internationally. The MoU allows Patel Engineering and RVNL to explore opportunities to work together in various capacities, with the flexibility to participate in tenders and project bids jointly or separately. When bidding together, both entities will coordinate on bidding strategies, structures, and terms to ensure…
KPI Green Energy secures 66.20 MW hybrid power project contract
KPI Green Energy has received a letter of award (LoA) for the development of a 66.20 MW hybrid power project from Sai Bandhan Infinium. The project will be executed under the company’s captive power producer (CPP) segment, with completion expected by July 2025 in multiple phases.
BOEM completes environmental assessment for offshore wind development off Oregon coast
The US Bureau of Ocean Energy Management (BOEM) has finalized its environmental assessment (EA) for potential offshore wind energy development off the Oregon coast. The assessment concluded that issuing leases would not significantly impact people or the environment. This marks a significant step under the Biden-Harris administration, which has already approved nine commercial-scale offshore wind projects and conducted four lease auctions, including the first sales off the Pacific and Gulf of Mexico coasts. The Department…