Author: PPD Team Date: 27/01/2025
Indian Energy Exchange (IEX) reported a profit after tax of Rs 1,073 million for the quarter ended December 2024, a 16.9% increase from Rs 918 million in the same period last year.
The company’s consolidated revenue grew by 13.7% to Rs 1,605 million in Q3 FY2024, compared to Rs 1,412 million during the corresponding quarter of 2023.
Author: PPD Team Date: 31/01/2025 Germany, Europe’s largest wind power producer, is experiencing its most prolonged period of below-average wind power generation since early 2021, as reported by Reuters. This shortfall is attributed to low wind speeds since October 2024. Wind power, which is Germany’s primary electricity source, typically peaks in winter when wind speeds are highest. The reduced output has forced Germany to rely more on fossil fuels and increase power imports, raising…
Author: PPD Team Date: 29/11/2024 United Arab Emirates-based clean energy company Masdar has finalized its €3.2 billion ($3.3 billion) acquisition of Greece’s Terna Energy, the largest deal on the Athens Stock Exchange. The acquisition, announced in June 2024, involved the purchase of 70% of Terna Energy shares at €20 ($21.1) per share from GEK Terna and other shareholders. Masdar plans to secure the remaining shares through an all-cash mandatory tender offer, pending regulatory approval from…
Author: PPD Team Date: 15/01/2025 The Ministry of Power has released the ‘Guidelines for Installation and Operation of Battery Swapping and Battery Charging Stations’, aimed at enhancing India’s electric vehicle (EV) ecosystem. The guidelines promote battery swapping as a faster alternative to traditional charging, enabling users to replace discharged batteries with pre-charged ones, reducing downtime and improving convenience for EV owners. The guidelines apply to all entities involved in battery swapping services, including operators of…
Author: PPD Team Date: 13/01/2025 Telangana Renewable Energy Development Corporation Limited (TGREDCO) plans to develop 1,000 MW rooftop solar projects, with each project having a capacity of 1 MW, across various locations in Telangana. The projects will be implemented under the “Indira Mahila Shakti Scheme” by women self-help groups (SHGs). The scope of work includes the design, supply, installation, testing, commissioning, and integration of a remote monitoring system (RMS), along with five years of operation…
Author: PPD Team Date: 17/01/2025 Westinghouse Electric Company, the Korea Electric Power Corporation (KEPCO), and Korea Hydro & Nuclear Power Company (KHNP) have reached a global settlement agreement to resolve their longstanding intellectual property dispute. This settlement clears the way for the companies to jointly deploy new nuclear reactors worldwide. The resolution ensures that both Westinghouse and the Korean entities can proceed with confidence in the global nuclear power sector. Westinghouse President and CEO Patrick…
Author: PPD Team Date: 18/12/2024 Japan’s industry ministry has released a draft of its new basic energy plan, targeting a power generation mix with 40–50% renewable energy and 20% nuclear energy by fiscal 2040, as reported by Jiji Press via The Japan News. The draft marks a major shift from policies following the 2011 Fukushima disaster, removing language on reducing nuclear reliance. Instead, it includes strategies to rejuvenate ageing reactors and develop next-generation technologies. To…