Jindal Saw Limited has signed a share purchase agreement (SPA) to acquire a 31.20% equity stake in ReNew Green MHH One Private Limited (RGMHH), making RGMHH an associate company.
RGMHH focuses on renewable energy generation but has not yet commenced operations. The acquisition aims to secure electricity at concessional rates and is expected to be completed by May 2025.
The Nuclear Energy Agency (NEA) and the Swedish Government have announced a collaboration on a cost study of Sweden’s electricity and energy system. The study aims to explore the cost implications of various policy decisions and energy strategies under stringent carbon constraints, with the final report expected by the end of 2025. The announcement was made at the Roadmaps to New Nuclear 2024 conference in Paris, where NEA director-general William D. Magwood IV expressed hope…
India’s natural gas consumption has rebounded significantly from the post-COVID-19 slump, with small-to-medium scale industries leading the charge. According to a recent report by the Institute for Energy Economics and Financial Analysis (IEEFA), sectors such as tea plantations, manufacturing, liquefied petroleum gas (LPG) shrinkage, and sponge iron have driven this resurgence. Although the power sector has seen an increase in gas use for peak demand over the past two fiscal years, it has not yet…
CHN Energy’s subsidiary, Guohua Energy Investment Co., Ltd., has connected the initial set of photovoltaic (PV) units from its 1 GW offshore PV project to the grid. Located in Kenli District, Shandong Province, China, the project spans 1,223 hectares and includes 2,934 PV platforms supported by offshore steel truss platform fixed pile foundations. The project features a 66 kV offshore cable paired with an onshore cable for efficient, high-capacity, long-distance power transmission. Once fully operational,…
In recent orders, the Central Electricity Regulatory Commission (CERC) has granted transmission licences to three projects: Khavda Phase-IV Renewable Energy Project:CERC has granted a transmission license to POWERGRID Khavda IV-E2 Power Transmission Limited, a subsidiary of Power Grid Corporation of India Limited (PGCIL). The project, part of Gujarat’s Khavda Phase-IV (7 GW), will operate under the Build, Own, Operate, and Transfer (BOOT) method. It includes the augmentation of transformation capacity at the Khavda Power Station…
Viviana Power Tech Limited has won two contracts: Rs 323.43 million from Madhya Gujarat Vij Company Limited (MGVCL) and Rs 741.29 million from Paschim Gujarat Vij Company Limited (PGVCL) and Dakshin Gujarat Vij Company Limited (DGVCL) under the System Improvement (SI) Scheme. The awards are part of SI schemes estimated at Rs 1.09 billion for MGVCL, Rs 2.61 billion for PGVCL, and Rs 1.18 billion for DGVCL. The SI scheme aims to ensure quality and…
Solarvest Holdings Bhd has partnered with Singapore-based Vista Contracting and Investment Global Private Limited to develop rooftop and utility-scale solar projects in Malaysia, Brunei, Taiwan, and Cambodia. The collaboration, formalised through a memorandum of understanding, aims to leverage both companies’ renewable energy expertise to create strategic advantages and boost commercial outcomes. Vista focuses on investing, developing, and managing solar power systems. The partnership will support sustainable energy infrastructure in these regions, promoting clean energy adoption…