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UK Government confirms rise in oil and gas headline tax and investment in clean energy
Rachel Reeves, the UK’s Chancellor of the Exchequer, delivered Labour’s first budget in over a decade, confirming a rise in the headline tax rate for the oil and gas industry to 78%, one of the highest globally. This tax will also extend until 31 March 2030. The UK Offshore Energies Association (OEUK) warned in September that the tax would threaten jobs and disrupt progress toward net-zero targets, stressing the need for industry-government collaboration. The Labour…
Constellation Energy orders $100m transformer for Three Mile Island reactor revival
Constellation Energy has placed a $100 million order for a main power transformer, marking a critical step in the revival of the Three Mile Island nuclear reactor in Pennsylvania, according to Reuters. The transformer is the largest single piece of equipment needed for the reactor’s restart. Constellation has committed to investing $1.6 billion by 2028 to bring the plant back online. Following a detailed survey of the site, which assessed essential infrastructure and equipment, Constellation…
Tata Electronics, ASMPT partner for semiconductor assembly
Tata Electronics has signed a memorandum of understanding (MoU) with ASMPT Singapore to establish semiconductor assembly equipment infrastructure for its chip packaging units in Assam and Karnataka. This partnership will enhance workforce training, service engineering infrastructure, automation, and R&D in advanced packaging technologies like wirebond, flip chip, and integrated system packaging. ASMPT will support Tata Electronics in preparing for its semiconductor assembly and test facilities in Vemagal, Karnataka, and Jagiroad, Assam while promoting energy and…
Nordex Group secures 500MW wind turbine orders in Canada
Nordex Group has received orders for wind turbines totalling 500 MW for undisclosed projects in Canada, scheduled for delivery in 2025 and 2026. The orders include 74 N163 turbines, each equipped with the Nordex Advanced Anti-Icing System to ensure high performance during Canada’s harsh winters. The company also secured long-term service agreements ranging from 15 to 30 years. Nordex has previously sold nearly 1.2GW of turbines across Canada and brings its expertise in cold climate…
SJVN Green issues tender for 200 MW solar projects in Gujarat
SJVN Green Energy (SGEL), a subsidiary of SJVN, has invited bids for the engineering, procurement, and construction (EPC) of up to 200 MW of solar photovoltaic projects under GUVNL Phase XXII in Gujarat. The deadline for bid submission is November 5, 2024. The contract includes a three-year operation and maintenance (O&M) period. In recent months, SJVN has also issued tenders for a 5.8 MW grid-connected rooftop solar project and signed an MoU for a 900…
Uttar Pradesh targets 14,000 MW solar power
Uttar Pradesh is advancing its renewable energy goals by partnering with energy firms to establish floating solar power plants, aiming to reach 14,000 MW of solar power generation by 2027. Under the ‘PM Surya Ghar Yojana’, the state targets connecting 2.5 million households to solar energy. Floating solar projects are planned for seven reservoirs, in collaboration with NTPC, Tehri Hydro Development Corporation (THDC), and Satluj Jal Vidyut Nigam (SJVN), according to a government official. The…