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UK secures £24bn in green energy investments
The UK government has secured over £24 billion ($31.39 billion) in private investments for innovative energy projects ahead of the International Investment Summit on 14 October 2024. These investments are expected to create thousands of jobs and drive growth in the UK’s clean energy sector, spanning from Yorkshire to Suffolk, Aberdeen, and Stow. Key companies…
EU launches Citizen Energy Advisory Hub
The European Commission has launched the Citizen Energy Advisory Hub (CEAH), a 3-year initiative to support citizen-led energy projects across the EU. It aims to help individuals, communities, municipalities, NGOs, and small businesses lower energy costs by using renewable energy and managing demand. CEAH will provide technical assistance to 120 citizens or local actors to…
Inox Wind secures 202.3 MW of new orders
Inox Wind Limited (IWL) has secured new wind turbine supply orders totalling 202.3 MW. The projects are located in Karnataka and Gujarat and add to the company’s FY26 order book. IWL has received a 102.3 MW order from ABREL EPC Ltd., a subsidiary of Aditya Birla Renewables Limited (ABReL), for the supply of 3.3 MW…
Blykalla and ABB partner to develop SMR pilot facility in Sweden for nuclear innovation
Swedish nuclear power company Blykalla has joined forces with engineering giant ABB to develop an electric small modular reactor (SMR) pilot facility in Oskarshamn, southern Sweden. The companies signed a Memorandum of Understanding (MOU) to collaborate on SMR technology that aligns with Sweden’s clean energy and decarbonisation goals. This initial project will focus on constructing…
EIB Global to invest $60 million in India Energy Transition Fund
EIB Global, the development arm of the European Investment Bank (EIB), will invest up to $60 million in the India Energy Transition Fund, a new greenfield infrastructure fund managed by EAAA Alternatives. The fund aims to accelerate private capital investments in sustainable infrastructure and support India’s decarbonisation goals. The fund has a target size of…
Maharashtra to cut electricity tariffs by 26% over five years: CM Fadnavis
Maharashtra Chief Minister Devendra Fadnavis has announced a phased reduction in electricity tariffs, calling it the first such move in the state’s history. Starting this year, electricity rates will be reduced by 10%, with further cuts planned over the next five years. By 2030, tariffs will drop by a total of 26%. Fadnavis said nearly…
