Power Sector News Roundup for November 13, 2024

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Global:

  • Ofgem approves LionLink and Nautilus pilot projects for North Sea wind interconnectors
  • Indonesia announces plans for 75GW renewable energy expansion over 15 years
  • MDBs pledge $120 billion for low-income nations at COP29
  • Nordex secures order for 19 turbines for Québec wind project
  • Enphase Energy launches AI-powered DIY permitting on Solargraf
  • Elcogen secures €24.9 million EU grant for hydrogen tech expansion
  • ADB approves USD 311 million loan for Nepal’s T&D infrastructure upgrade

India:

  • Power Grid acquires Bikaner A and B Transmission Projects for Rajasthan REZ
  • Waaree Renewable secures 41.6 MW solar project in Tamil Nadu
  • L&T and BHEL secure contracts for Telangana Stage-II thermal power plant
  • L&T and BHEL bid for Kudankulam Nuclear Power Plant reactor systems
  • Rajasthan signs MoU with RMC Switchgears for 1,000 MW solar park
  • Patel Engineering reports 151% profit surge in Q2 FY25
  • Insolation Energy secures Rs 714 million order for solar PV modules
  • Kalpataru Projects secures Rs 22.73 billion in new orders
  • NHPC reports Rs 10.69 billion net profit for Q2 FY2024, down 36.86%
  • Surana Solar acquires Surana Technologies
  • Solex Energy reports 194% revenue growth
  • RRECL invites bids for 282 MW rooftop solar projects
  • NVVN invites proposals for 7.2 MW rooftop solar project for Assam Rifles

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