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PM KUSUM scheme meets only 30% of targets, faces implementation hurdles
The PM KUSUM scheme, launched in 2019 to promote solar energy in agriculture, has achieved just 30% of its targets, according to a Centre for Science and Environment (CSE) report. The scheme, aimed at helping farmers switch to solar power, is struggling as the 2026 deadline approaches. Progress has been slow, particularly in installing mini-grids and replacing electric pumps with solar-powered ones, with most efforts focused on replacing diesel pumps. States like Haryana and Rajasthan…
TenneT and GIGA Storage sign landmark grid connection agreement in the Netherlands
Dutch state-owned transmission system operator TenneT has signed a groundbreaking time-bound connection and transmission agreement with GIGA Storage, marking the first agreement of its kind in the Netherlands. This contract sets a precedent for future energy storage projects, aiming to enhance the efficiency of the limited space on the electricity grid. Under the contract, GIGA Storage will be allowed to draw electricity from the grid or supply it back at least 85% of the time,…
Ireland’s EirGrid awards contracts for renewables integration technologies
Ireland’s electricity grid operator, EirGrid, has awarded contracts for the deployment of synchronous condensers to support the integration of renewable energy and maintain grid stability as Ireland transitions to cleaner energy sources. These contracts for low carbon inertia services (LCIS) will help balance the grid by providing 6,963 MVA of synchronous inertia, reactive power support, and short-circuit strength without generating active power. The contracts were awarded to Quarry Lane Stability in Sligo and Glencloosagh Energy…
India-GCC trade hits $162 billion, growing ties in energy, defence, and tech
India’s trade with the Gulf Cooperation Council (GCC) reached USD 162 billion last year, accounting for 15% of India’s total trade. This milestone, highlighted by Aseem R Mahajan, Joint Secretary – Gulf, Ministry of External Affairs, was announced during the ‘India MENA Business Dialogue: Bridging Economics, Fostering Growth’ event organised by FICCI. The event emphasised the expanding partnership between India and the Gulf, covering crucial sectors such as energy, defence, security, and health. Despite fluctuations…
Maharashtra secures Rs 1,200 billion investments
The Maharashtra government has secured investments worth Rs 1,200 billion, reinforcing the state’s status as a leading industrial hub. A cabinet sub-committee, led by Chief Minister Eknath Shinde, has approved several key projects expected to generate thousands of jobs and foster technological advancements. Key Projects: Tower Semiconductor with Adani Group: A semiconductor fabrication unit in Panvel, Mumbai, with an investment of Rs 839.47 billion. This project, a joint venture between Adani Group and Israel’s Tower…
Greencoat Renewables acquires 50% stake in South Meath solar farm in Ireland
Greencoat Renewables has acquired a 50% stake in the 80.5 MW South Meath solar farm in Ireland, partnering with Schroders Greencoat, which holds the remaining stake. An unnamed technology company has secured a long-term power purchase agreement (PPA) for the farm’s entire output. This acquisition, a key investment in Ireland’s renewable energy infrastructure, follows Greencoat’s recent purchase of a 22.5% share in Germany’s Butendiek offshore wind farm.