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Adani Group joins Utilities for Net Zero Alliance

India, News

Adani Group companies Adani Green Energy Limited (AGEL) and Adani Energy Solutions Limited (AESL) have become the first Indian firms in the renewable energy and transmission & distribution (T&D) sectors, respectively, to join the Utilities for Net Zero Alliance (UNEZA). The alliance, under the guidance of the International Renewable Energy Agency (IRENA) and the UN Climate Change High-Level Champions, aims to promote renewable energy grids and clean energy solutions globally. Both AGEL and AESL aim…

Key Power Sector News Roundup for September 27, 2024

Power Bytes

Marsons Secures LoI for 150 MW Solar Plant in Rajasthan  Marsons has received an LoI from Nacof Oorja to develop a 150 MW solar PV plant in Rajasthan for Rajasthan Renewable Energy Corporation Limited under the KUSUM Scheme Megha Engineering to Invest Rs 210 Billion in Two Hydro Projects Megha Engineering & Infrastructures Ltd (MEIL) will invest Rs 210 billion in two pumped storage hydro projects in Maharashtra, totalling 4,000 MW. The Kamod and Ghosla…

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UNEZA commits $116bn annually to clean power and grid infrastructure

Global, News

Members of the Utilities for Net Zero Alliance (UNEZA) have announced plans to invest over $116 billion per year in clean power generation and grid infrastructure globally in the coming years. Nearly 50% of this investment will focus on transmission and distribution infrastructure. UNEZA, launched at COP28 in 2023, includes 32 major energy companies like Adani Green Energy, Hitachi Energy, and TAQA. The alliance aims to modernise grid infrastructure and drive demand for equipment and…