Similar Posts
UK clears final investment for Sizewell C nuclear project
The UK government has approved the final investment decision for the Sizewell C nuclear power plant and will hold a 44.9 per cent equity stake, becoming its largest investor. The £38 billion project will power 6 million homes for at least 60 years. It is expected to create 10,000 jobs, 1,500 apprenticeships, and award 70…
ENGIE signs PPA with GUVNL for 280 MW/560 MWh BESS in Gujarat
ENGIE India has signed a Power Purchase Agreement for its first standalone battery energy storage system project in India, a 280 MW / 560 MWh facility with Gujarat Urja Vikas Nigam Ltd. (GUVNL) as the offtaker. The project marks a notable step in India’s grid storage buildout, where large-scale BESS is increasingly being positioned as…
Hindalco commissions EV component plant in Pune
Hindalco Industries Limited, part of the Aditya Birla Group, has commissioned an electric vehicle (EV) component manufacturing facility in Chakan, Pune. Built at a cost of Rs 5 billion, the plant spans 5 acres and marks Hindalco’s entry into the EV components space. The facility focuses on producing lightweight aluminium battery enclosures, critical for improving…
Reliance Power says operations unaffected after ED attachment reports
Reliance Power Limited has issued a clarification after reports of asset attachment by the Enforcement Directorate. The company said its operations remain unaffected and noted that most of the attached assets, valued at about Rs 101.17 billion, belong to entities that are no longer part of the group. The latest ED action is linked to…
KPI Green subsidiary signs BESPA with GUVNL for 445 MW BESS projects
KPI Green Energy Limited has announced that its subsidiary, Sun Drops Energia Limited, has signed a Battery Energy Storage Purchase Agreement (BESPA) with Gujarat Urja Vikas Nigam Limited (GUVNL) to develop independent power producer (IPP) standalone battery energy storage system (BESS) projects. The agreement covers projects with an aggregate capacity of 445 MW / 890…
China could cut 1.6 billion tonnes of carbon emissions by 2030
China’s carbon emissions may decline by 1.6 billion tonnes by 2030 if 17.5 trillion yuan ($2.5 trillion) in green investment is mobilised over the next five years, according to a research note by China International Capital Corporation (CICC) cited by Bloomberg. CICC projects that China’s emissions will peak at 11.3 billion tonnes in 2028. The…
