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India | News

Delhi discoms seek cost-reflective tariff to address Rs 31.62 billion revenue gap
By December 4, 2024December 3, 2024

Discoms in Delhi have petitioned the Delhi Electricity Regulatory Commission (DERC) for a cost-reflective tariff for the 2024-25 fiscal, citing a combined revenue gap of Rs 31.62 billion in 2022-23. Electricity rates in Delhi have not changed since 2014. The petitions revealed revenue requirements for 2022-23 of Rs 121.16 billion for BSES Rajdhani Power Limited (BRPL), Rs 61.41 billion for BSES Yamuna Power Limited (BYPL), and Rs 92.64 billion for Tata Power Delhi Distribution Limited…

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India | News

India ranks sixth globally in SBTi net-zero commitments
By December 4, 2024December 3, 2024

India has 127 companies committed to net-zero targets through the science-based target initiative (SBTi), ranking sixth globally. However, only 7% of these companies are from high-emission sectors such as power, cement, metals, and mining, which collectively contribute 55% of India’s total emissions, according to ICRA ESG Ratings’ latest report. The majority of commitments come from low to medium carbon footprint industries like textiles, software, and pharmaceuticals. SBTi is a voluntary framework where companies set and…

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India | News

Waaree Renewable secures solar module contract for 524 MWp project
By December 4, 2024December 3, 2024

Waaree Renewable Energy Technologies Limited (formerly Sangam Renewables Limited) has won a contract to supply solar modules for a cumulative 524 MWp solar power project in India. The contract, awarded on December 2, 2024, includes 364 MWp and 160 MWp capacities, with module supplies slated to commence in FY 2025 and FY 2026, respectively.

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India | News

Solex Energy secures Rs 188.74 million solar module supply contract
By December 4, 2024December 3, 2024

Solex Energy Limited has won a Rs 188.74 million contract from Thenpandian Energy Innovations Private Limited to supply solar modules for a 13 MW solar photovoltaic (PV) power project in India. The contract, awarded on November 30, 2024, involves the delivery of MONO BIFACIAL M10 PV modules. The modules will be supplied within six months from the contract’s award date.

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India | News

Techno Electric JV wins Rs 6.16 billion Assam transmission system project
By December 4, 2024December 3, 2024

The Joint Venture of Techno Electric and Engineering Company Limited (TEECL) and K. Ramachandra Rao Transmission & Projects Private Limited has secured a Rs 6.16 billion contract for Package H of the Assam Intra-State Transmission System Enhancement Project (Phase I). The project, awarded by Assam Electricity Grid Corporation Limited (AEGCL), involves constructing a 400/220kV, 2×500 MVA GIS substation at Sonapur, along with associated transmission lines. The contract includes design, engineering, manufacturing, erection, testing, and commissioning…

Read More Techno Electric JV wins Rs 6.16 billion Assam transmission system project
India | News

Adani Green Energy subsidiary establishes Adani Hydro Energy Four
By December 4, 2024December 3, 2024

Adani Saur Urja (KA) Limited, a wholly owned subsidiary of Adani Green Energy Limited (AGEL), has incorporated Adani Hydro Energy Four Limited (AHE4L) for renewable energy projects. AHE4L’s mandate includes the generation, development, distribution, transmission, and sale of electrical energy derived from wind, solar, and other renewable sources. In the previous week, AGEL, through Adani Saur Urja (KA) Limited, established four subsidiaries: Adani Hydro Energy One Limited (AHE1L), Adani Hydro Energy Two Limited (AHE2L), Adani Hydro…

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India | News

Solar Industries India secures Rs 20.39 billion defence export order
By December 4, 2024December 3, 2024

Solar Industries India and its subsidiary have secured export orders worth Rs 20.39 billion for the supply of defence products to international clients. The deliveries will span four years. In November, the company received another export order valued at Rs 3.99 billion from an overseas customer, to be fulfilled within three years.

Read More Solar Industries India secures Rs 20.39 billion defence export order
Global | News

GE Vernova to modernize hydropower units at Saluda Hydro in South Carolina
By December 3, 2024December 3, 2024

GE Vernova has secured an order from Dominion Energy South Carolina to modernize two hydropower units at the Saluda Hydro power plant, located on the Saluda River near Columbia, South Carolina. The project will enhance the plant’s performance, reliability, and operational flexibility, continuing its legacy as a sustainable energy source since its commissioning in 1930. The modernization includes the installation of GE Vernova’s aerating turbine technology, which improves water quality by increasing dissolved oxygen levels…

Read More GE Vernova to modernize hydropower units at Saluda Hydro in South Carolina
Global | News

Envision Energy partners with Samruk Energy to localize wind turbine production in Kazakhstan
By December 3, 2024December 3, 2024

Global green technology leader Envision Energy has partnered with Samruk Energy and Kazakhstan Utility Systems to support Kazakhstan’s renewable energy transition by establishing local manufacturing facilities for wind turbines and energy storage systems. The initiative will focus on producing smart wind turbines and energy storage systems locally, reducing transportation costs, minimizing environmental impact, and fostering energy independence. Kazakhstan Utility Systems CEO Sabyrgali Idrisov highlighted the partnership’s role in advancing renewable energy development and localizing high-tech…

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Global | News

NSCH partners with ENGIE for 100% renewable energy agreement
By December 3, 2024December 3, 2024

North Shore Community Health (NSCH), based in Massachusetts, has signed a two-year renewable energy agreement with ENGIE Resources, a subsidiary of ENGIE North America. The agreement ensures NSCH will receive renewable energy credits (RECs) to match 100% of the forecasted energy consumption across its three locations in Salem, Peabody, and Gloucester. NSCH, a federally qualified health center serving 14,000 patients annually, provides primary care, dental, behavioral health, and substance use disorder services. The green-e-certified RECs…

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