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BPCL to establish joint ventures for renewable and biogas projects

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Bharat Petroleum Corporation Ltd (BPCL) approved two joint ventures during its Board meeting on 12 September 2024. The first JV with Sembcorp Green Hydrogen India (SGHIPL) will focus on developing and operating renewable energy projects across India, including green hydrogen production. Both BPCL and SGHIPL will hold equal 50% stakes in the venture. The second JV with GPS Renewables will involve setting up compressed biogas (CBG) plants nationwide. These ventures are pending regulatory approvals from NITI Aayog, DIPAM, and other bodies.

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Indian Energy Exchange records highest-ever trade volume in July 2024

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The Indian Energy Exchange (IEX) achieved its highest-ever total trade volume of 13,250 million units (MU) in July 2024, marking a 56% increase year-over-year. This total includes renewable energy certificates (RECs) and energy-saving certificates, according to an IEX statement. Electricity volumes reached 10,093 MU, a 29% increase year-over-year. RECs experienced a significant surge, with volumes hitting 3,150 MU, up by 405% compared to the previous year. Additionally, green electricity volume grew by 259%, reaching 1…

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Government approves NPCIL-NTPC JV for nuclear plants in Rajasthan

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The Indian government has approved a joint venture (JV) between the Nuclear Power Corporation of India (NPCIL) and National Thermal Power Corporation (NTPC) to develop four 700 MWe nuclear power plants at Mahi Banswara in Rajasthan. The JV, named Anushakti Vidyut Nigam (ASHVINI), has been authorized to build, own, and operate nuclear power plants in India. ASHVINI, a subsidiary of NPCIL with a 51% stake, will implement the 4×700 MW Pressurised Heavy Water Reactors (PHWR)…

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Vanda RE to supply 300 MW of solar power to Singapore

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Vanda RE Private Limited, a joint venture led by Gurīn Energy, has received a conditional license from the Energy Market Authority to supply 300 MW of solar power to Singapore. The power will be sourced from the larger Vanda Solar & Battery Project, which will have a total capacity of 2,000 MW of solar power and 4,400 MWh of battery storage. Set to commence commercial operations by 2028, the project aims to provide clean energy…

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Purvah Green secures 300 MW solar PV project from CESC

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Purvah Green Power, a subsidiary of CESC Limited, has been awarded a letter of award (LoA) to develop a 300 MW solar PV project. Of the total capacity, 150 MW will be developed under tariff-based competitive bidding, while the remaining capacity will fall under the greenshore option. A power purchase agreement (PPA) has been signed for 25 years, commencing with the start of the power supply.

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US BOEM delays Oregon offshore wind auction

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The US Bureau of Ocean Energy Management (BOEM) has postponed its planned auction for offshore wind energy leases off the coast of Oregon, citing insufficient interest from bidders. Initially scheduled for 15 October 2024, only one company expressed interest after the Final Sale Notice was issued in August. The auction featured two lease areas and five qualifying companies. Despite this setback, the Biden-Harris Administration has approved 10 commercial-scale offshore wind projects since 2021, aiming to…

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