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Solar Industries India secures Rs 20.39 billion defence export order
Solar Industries India and its subsidiary have secured export orders worth Rs 20.39 billion for the supply of defence products to international clients. The deliveries will span four years. In November, the company received another export order valued at Rs 3.99 billion from an overseas customer, to be fulfilled within three years. Â
MDBs pledge $120 billion for low-income nations at COP29
At COP29 in Baku, Azerbaijan, leading multilateral development banks (MDBs) announced plans to collectively mobilize $120 billion annually in climate financing for low- and middle-income countries by 2030, with $42 billion dedicated to adaptation. The private sector is expected to contribute an additional $65 billion each year. High-income countries are set to receive $50 billion…
UAE’s Nakheel and DEWA partner on 132 kV substation in Palm Jebel Ali
Nakheel, a subsidiary of Dubai Holding Real Estate, has partnered with the Dubai Electricity and Water Authority (DEWA) to develop two substations on Palm Jebel Ali, with an investment of AED 270 million. DEWA will handle project management, including tendering, award, and construction. These substations, each with a capacity of 132/11 kV, will provide a…
India | Generation | NewsBhilwara Energy to acquire Statkraft’s 76 MW Phata Byung hydro project
Bhilwara Energy Limited, the power arm of LNJ Bhilwara Group, has agreed to acquire full ownership of Mandakini Jal Urja Private Limited from Statkraft IH Holding AS. The transaction covers the under-construction 76 MW Phata Byung Hydroelectric Project in Uttarakhand and strengthens the Group’s position in the hydropower segment. The acquisition has been executed through…
Top EU economies spend 42 billion euros annually on fossil-fuel company car subsidies, study finds
The EU‘s five largest economies—Italy, Germany, France, Poland, and the United Kingdom—spend a combined 42 billion euros (USD 45.6 billion) annually subsidizing fossil-fuel company cars, according to a study by consultancy Environmental Resources Management (ERM), commissioned by environmental group Transport & Environment (T&E). The report urges the EU to redirect these subsidies towards electric vehicles…
Bikaner V renewable energy zone gets Rs 31,197 crore grid evacuation plan approved by NCT
The National Committee on Transmission (NCT) has approved a major transmission scheme for evacuation of renewable energy from the Bikaner V Renewable Energy Zone (REZ) in Rajasthan. The project, approved during the committee’s recent meeting, is estimated to cost Rs 31,197.04 crore and is designed to support integration of 6 GW of renewable energy into…
