Bharat Petroleum Corporation Limited (BPCL) and Coal India Limited (CIL) signed a non-binding memorandum of understanding (MoU) on December 2, 2024, in Mumbai.
The collaboration aims to explore the development of a coal-to-synthetic natural gas (SNG) project using surface coal gasification at Western Coalfields (WCL).
Surface coal gasification transforms coal into synthetic natural gas, providing a cleaner alternative to traditional coal-based energy.
Bharat Heavy Electricals Ltd (BHEL) has secured three major orders from Adani Power Ltd and its subsidiary Mahan Energen Ltd to supply main plant equipment, including boilers, turbines, and generators, and oversee the erection and commissioning of three upcoming supercritical coal-based power projects. The total value of these orders exceeds Rs 110 billion, excluding GST. The projects awarded to BHEL are: Kawai (Phase-II), 2×800-MW, Rajasthan Kawai (Phase-III), 2×800-MW, Rajasthan Mahan (Phase-III), 2×800-MW, Madhya Pradesh The…
Ground-mounted solar PV and onshore wind energy are the most cost-effective technologies for new power plants in Germany, with levelised cost of electricity (LCOE) ranging from EUR 41 to EUR 92 per MWh, according to Fraunhofer ISE. New solar installations combined with battery systems have LCOE between EUR 60 and EUR 225 per MWh, reflecting varying costs for battery and solar systems and different levels of solar radiation. The study shows that these solar PV…
The Saudi Power Procurement Company (SPPC) has signed power purchase agreements (PPAs) for five independent power producer (IPP) projects, totalling 9.2GW in capacity, as reported by Zawya. The projects include thermal and solar photovoltaic (PV) power initiatives, with a combined investment of 35 billion Saudi riyals ($9.3 billion), supporting Saudi Vision 2030 goals for a balanced energy mix. The thermal projects, Rumah 1 and 2 and Nairyah 1 and 2, will utilize combined cycle gas…
Arevon Energy has secured $299 million in debt financing for its Ratts 1 and Heirloom Solar Projects in Pike County, Indiana. These projects will contribute 264 MW (MWdc) of renewable energy to the Midwest and MISO region. Construction is already underway, with full operational status expected by the third quarter of 2025. The financing package includes a $119 million construction-to-term loan, $159 million tax equity and credit bridge loan, and a $21 million letter of…
Fluence Energy announced its Q3 FY2024 results, showcasing a record quarterly order intake of $1.3 billion and a record backlog of $4.5 billion. Although revenue decreased by 10% year-over-year to $483.3 million, the company demonstrated strong improvements in profitability. The GAAP gross profit margin increased significantly to 17.2% from 4.1% the previous year, and net income reached $1.1 million, a substantial turnaround from a $35 million loss. Adjusted EBITDA also improved, rising to $15.6 million…
JSW Energy has been awarded an ‘A’ rating for Environment, Social, and Corporate Governance (ESG) by Morgan Stanley Capital International (MSCI). Recognized globally, MSCI’s ratings serve as a crucial tool for the international investment community. This achievement positions JSW Energy among the top ranks of domestic peers in the power generation industry, underscoring its robust ESG policies. The high rating reflects the company’s effective carbon emissions management and strategic focus on renewable energy. Under its…