GE Power India Limited has received an extended purchase order from Madhya Pradesh Power Generating Company Limited (MPPGCL) to supply boiler parts at the Sanjay Gandhi Power Station.
The order is valued at Rs 182.7 million and is scheduled for execution within 3.5 months.
Moody’s Ratings expects Indian companies to invest USD 45-50 billion annually in capex over the next 1-2 years, with Reliance Industries accounting for 30% of this. The oil and gas sector, including Reliance, will make up over 60% of the total spending, focusing on capacity expansion and green energy. Strong earnings will keep leverage low for Indian firms, despite high offshore borrowing rates. Moody’s forecasts a 6% GDP growth for India over the next two…
Salt River Project (SRP) and Flatland Storage LLC, a subsidiary of EDP Renewables North America (EDPR NA), have announced a partnership to bring 200 MW of energy storage to Arizona’s grid. The Flatland Energy Storage Project, located near Coolidge, Arizona, will use Tesla-manufactured lithium-ion batteries and is expected to be operational by 2025. The 200 MW/800 megawatt-hour system will provide enough capacity to power up to 45,000 homes for four hours during peak demand, enhancing…
The Odisha government has approved seven renewable energy projects with a combined investment of Rs 13.86 billion to enhance the state’s sustainable energy infrastructure. The projects, totaling 192.41 MW in capacity, include a 99 MW wind power project, five ground-mounted solar projects totaling 91.77 MW, and a 1.64 MW rooftop solar project. These initiatives align with the Odisha Renewable Energy Policy 2022, which aims to leverage the state’s natural resources for clean energy generation.
India’s total non-fossil fuel installed capacity reached 213.70 GW as of November 2024, a 14.2% increase from the previous year. Including pipeline projects, the total non-fossil fuel capacity surged to 472.90 GW, up 28.5% year-on-year. From April to November 2024, 14.94 GW of new renewable energy capacity was added, nearly doubling the 7.54 GW added during the same period in FY 2023-24. November 2024 alone saw 2.3 GW of new capacity, a fourfold increase compared…
BlueFloat Energy has secured strategic collaborations with Taiwan’s Ship and Ocean Industries R&D Center (SOIC) and the CR Classification Society to support its bid for Taiwan’s floating wind demonstration programme. These partnerships will enhance the company’s project development capabilities in the region. In addition, BlueFloat Energy signed a memorandum of understanding with National Taiwan University’s Ocean Center to conduct a comprehensive morpho-dynamic study for its Winds of September project. This study will analyze Taiwan’s marine…
EliTe Solar has announced plans to invest over $150 million in building an 8 GW solar manufacturing hub in Egypt’s Suez Special Economic Zone. The facility, spanning 78,000 square meters, will focus on producing high-efficiency solar cells and assembling modules, with a significant portion of the output intended for export to key markets, including the US. The project will be completed in two phases, with the initial phase establishing a 2 GW solar cell production…