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Genus Power establishes two SPVs for smart metering under RDSS
Genus Power Infrastructures Limited has formed two special purpose vehicles (SPVs), Genus Shekhawati Smart Metering Private Limited and Genus Marwar Smart Metering SPV Private Limited, to execute advanced metering infrastructure service provider (AMISP) services as part of the revamped distribution sector scheme (RDSS). The projects will focus on strengthening, renovating, and augmenting existing distribution systems to improve efficiency and reliability in power distribution.
Reliance to commission first solar giga-factory by FY25
Reliance Industries Ltd plans to commission its first solar giga-factory by the end of the 2024-25 fiscal year as part of its goal to achieve net zero carbon emissions by 2035. The factory will begin with 20 GW of solar photovoltaic (PV) manufacturing and scale up in phases through 2026. Located in Jamnagar, Gujarat, the facility will produce PV modules, cells, wafers, ingots, polysilicon, and glass at a single site. Reliance is also targeting sodium-ion…
Westinghouse and Hyundai sign contract for reactors in Bulgaria
A consortium of Westinghouse Electric Company and South Korea’s Hyundai Engineering & Construction has secured an engineering services contract with Bulgaria’s Kozloduy NPP-Newbuild. This contract advances the project beyond the front-end engineering and design phase towards the construction of two AP1000 nuclear reactors at the Kozloduy site. The AP1000, a Generation III+ reactor known for its passive safety systems and modular design, will play a central role in Bulgaria’s energy diversification and security efforts. The…
Hecate Energy picks Bechtel for 360 MW Sunfish Solar 2 project in Michigan
Hecate Energy has selected Bechtel to design and construct the Sunfish Solar 2 project, the first in its 1-GW solar expansion in Calhoun County, Michigan. The 360 MW facility will feature 620,000 bifacial solar panels over 1,300 acres, designed to boost energy efficiency by absorbing sunlight from both sides. Slated to begin construction in late 2024 and operational by 2026, Sunfish Solar 2 will supply electricity to 183,500 homes and offset 1.5 million tons of…
NTPC plans major nuclear expansion with new subsidiary
NTPC Limited is planning an expansion into nuclear energy by establishing NTPC Nuclear Power Company, a 100% subsidiary. The company is exploring sites in multiple states for new nuclear units as part of its strategy to achieve a carbon-neutral economy, integrating renewables, nuclear power, green hydrogen, green mobility, energy storage, and waste-to-energy, with low-emission thermal power at its core. NTPC’s first nuclear project, in collaboration with Nuclear Power Corporation of India Limited (NPCIL), will be…
Survey reveals 50% of Gen Z prefer solar energy solutions
A recent survey assessing awareness of clean energy sources found that 50% of Gen Z respondents prefer solar energy solutions, closely followed by 46% of Millennials. The survey, conducted between February and March 2024, included 4,318 participants across five metros (Bangalore, Delhi, Hyderabad, Kolkata, Mumbai) and eight non-metro cities (Ahmedabad, Chandigarh, Gurugram, Guwahati, Jaipur, Kochi, Lucknow, and Patna). The survey explored preferences across four age cohorts: Gen Z (18-22 years), Millennials (23-38 years), Gen X…