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Tamil Nadu approves Rs 441.25 billion investment 

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The Tamil Nadu government has approved investment proposals totalling Rs 441.25 billion, which include three major renewable energy policies aimed at boosting the state’s green energy sector. These initiatives are part of Tamil Nadu’s goal to generate 20,000 MW of renewable energy by 2030. The Cabinet, chaired by Chief Minister M.K. Stalin, approved 15 investment proposals across various sectors, expected to create over 24,700 jobs. Key projects include a Rs 213.4 billion investment by lithium-ion…

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India’s cement sector to invest $4 billion in 4-5 GW renewable energy by 2030

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India’s cement sector plans to add 4-5 GW of renewable energy capacity by 2030, requiring an investment of over $4 billion, according to JMK Research. As of FY24, leading cement companies have already installed over 1,800 MW of renewable energy, with 58% coming from solar and wind. The report outlines distinct decarbonisation opportunities and challenges for integrated and grinding cement units. Grinding units, which purchase electricity from the state grid at high costs, present a…

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High AT&C losses, modest tariff hikes continue to strain India’s power distribution sector

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India’s power distribution sector remains under significant financial pressure due to persistently high aggregate technical and commercial (AT&C) losses and insufficient tariff hikes. A recent report by ICRA highlights that despite some progress, state-owned distribution companies (discoms) continue to struggle with balancing costs and revenues, particularly in states like Bihar, Jharkhand, Madhya Pradesh, Odisha, and Uttar Pradesh, where AT&C losses exceed 20%. Nationally, AT&C losses have seen a reduction, dropping from 23% in FY2021 to…

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India’s electric vehicle market to hit USD 238 billion by 2030

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India’s electric vehicle (EV) market is on the cusp of a major transformation, with a projected growth to USD 238 billion by 2030. According to the latest “Electrify30: The Future of Mobility” report by Praxis Global Alliance, the nation’s EV ecosystem is expected to expand at a remarkable compound annual growth rate (CAGR) of 38% over the next decade. This growth is being fueled by a combination of proactive government policies, increased consumer awareness, and…

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Subsea market projected to reach $42 billion by 2027

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The subsea market, including systems like subsea umbilical risers and flowlines (SURF), is set for strong growth, with spending projected to exceed $42 billion by 2027, according to Rystad Energy. This represents a 10% annual growth rate from 2024 to 2027, driven by increased investment in regions like South America and Europe. Brazil is a key player, with anticipated spending rising 18% in 2024 to $6 billion, fueled by its pre-salt reserves. Norway is also…

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Power Grid secures project for Bhadla-III Pooling Station augmentation

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Power Grid Corporation of India Ltd (PGCIL) has received the letter of intent to develop an interstate transmission system (ISTS) scheme focused on augmenting the Bhadla-III Pooling Station in Rajasthan. The project, part of the Rajasthan Renewable Energy Zone (REZ) Phase-III Scheme, aims to support the evacuation of 20 GW of power and will be executed on a build, own, operate, and transfer (BOOT) basis. The project is estimated to cost around Rs 3.69 billion,…

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Schneider Electric launches eight innovative products 

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On August 13, 2024, Schneider Electric kicked off its multi-city INNOVATION DAYS 2024 event in Mumbai, where the company launched eight new products and solutions. This series of events will continue across major cities including Delhi, Bengaluru, Ahmedabad, and Kolkata, engaging over 2,000 customers, partners, and stakeholders in person, with many more participating digitally. The newly introduced products and solutions focus on efficiency, reliability, sustainability, and safety. They include the MasterPacT MTZ Active circuit breaker,…

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Power Ministry clarifies standards for wind turbine operations at high temperatures

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The Indian Power Ministry has issued new guidelines stating that wind power plants with Wind Turbine Generators (WTGs) operating at rated output at 40°C, without any de-rating, will comply with the normal operating range of the International Electrotechnical Commission (IEC) standard. De-rating refers to operating a turbine at lower power than its maximum capacity. This clarification comes in response to issues raised by the Wind Power Producers Association (WIPPA) regarding difficulties in obtaining approvals for…

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Inox Wind secures 51 MW order from Everrenew Energy

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Inox Wind has secured a 51 MW order from Everrenew Energy for the supply of its latest 3 MW wind turbine generators (WTGs). The project, which will be executed in Tamil Nadu, also includes multi-year operations and maintenance (O&M) services provided by Inox Wind after commissioning. This partnership aims to support Everrenew Energy’s commitment to driving renewable energy adoption in the commercial and industrial (C&I) segment, aiding companies in their energy transition efforts.

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Kirloskar Solar partners with GSL Energy Solutions for Kerala solar projects

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Kirloskar Solar has appointed Kochi-based GSL Energy Solutions as its exclusive project partner for six districts in Kerala. This partnership aims to develop solar projects totaling 5 MW, valued at around Rs 20 million, during the 2024-25 period. The collaboration will focus on driving commercial and residential solar projects across Ernakulam, Kottayam, Idukki, Pathanamthitta, Alappuzha, and Kollam. Kerala’s favorable climate, except during monsoons, and the availability of Ministry of New & Renewable Energy (MNRE) subsidies…