India has announced a plan to set up 15,000 MW of green hydrogen electrolyzers by 2026, aiming to boost its renewable energy capabilities. The government has committed Rs 450 billion to support this green hydrogen push, which includes funding for the manufacturing of electrolyzers and the development of supporting infrastructure.
Transgrid has pinpointed remote inland renewable energy zones (REZs) as essential to meeting New South Wales’ (NSW) growing electricity demands amid a shift to renewable energy. With coal expected to supply less than 20% of the state’s power by 2033, Transgrid forecasts a three to fivefold increase in renewable capacity by the decade’s end. The latest Transmission Annual Planning Report (TAPR) highlights rising electricity demand, increased volatility, and a decline in minimum grid-supplied power in…
The US Bureau of Ocean Energy Management (BOEM) has postponed its planned auction for offshore wind energy leases off the coast of Oregon, citing insufficient interest from bidders. Initially scheduled for 15 October 2024, only one company expressed interest after the Final Sale Notice was issued in August. The auction featured two lease areas and five qualifying companies. Despite this setback, the Biden-Harris Administration has approved 10 commercial-scale offshore wind projects since 2021, aiming to…
New Zealand has ramped up its fossil fuel generation to meet electricity demand, as hydropower generation drops to its lowest level in nearly a decade. According to energy think tank Ember, electricity generated from fossil fuels between January and July reached 4.36 TWh, marking a 67% increase from the same period in 2023. This 1.75 TWh increase in fossil fuel generation closely mirrors the 1.86 TWh decline in hydropower output over the same period. Hydropower…
Hindenburg Research has accused SEBI head Madhabi Puri Buch of previously investing in offshore funds linked to the Adani Group. Buch has dismissed the allegations as baseless, affirming that all required disclosures were properly made. Hindenburg claims that Buch and her husband held stakes in a Bermuda-based fund in 2015, which reportedly had connections to Adani Group associates. The Adani Group rejected these claims, calling them an attempt to tarnish the company’s reputation. The allegations…
In August 2024, the Indian Energy Exchange (IEX) achieved a total trading volume of 12,040 MU, including certificates, marking a 35.8% year-over-year increase. The electricity volume alone was 9,914 MU, up 17.1% YoY, while renewable energy certificates (REC) reached 2,116 MU, showing a remarkable 737.4% increase from the previous year. REC prices hit an all-time low of Rs 115 per certificate during the August 28, 2024 trading session, offering obligated entities like DISCOMS and Captive…
Bharat Electronics (BEL) has received additional orders worth over Rs 5 billion since its last disclosure on 11 September 2024. The new orders include EMI shelters, AMC for Integrated Air Command and Control System nodes, gun system upgrades, radar spares, and communication systems. With these, BEL’s total orders for the current financial year now stands at Rs 76.89 billion. BEL, a public sector unit, specializes in designing and manufacturing products across defence sectors such as…
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