Author: PPD Team Date: 14/11/2024
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Hitachi Energy achieves record order backlog of Rs 89.1 billion
Author: PPD Team Date: 30/10/2024 Hitachi Energy India Ltd reported a record-high order backlog of Rs 89.1 billion as of September 30, 2024, marking unprecedented revenue visibility for upcoming quarters. Orders for the quarter ending September 30 totalled Rs 19.52 billion, reflecting an 11.7% year-on-year increase, driven largely by renewable projects in utilities, power quality, and substations. Notable contributions also came from expansions and efficiency upgrades in existing plants, with significant orders from the transformer…
Canada extends net zero electricity grid target to 2050
Author: PPD Team Date: 19/12/2024 Canada has revised its target for achieving a net-zero electricity grid, extending the deadline from 2035 to 2050. This decision follows the release of the finalised Clean Electricity Regulations (CER), which were influenced by feedback from provinces and energy industry stakeholders concerned about reliability, cost, and potential stranded assets. Currently, 85% of Canada’s electricity comes from clean sources, including hydropower, wind, and solar. However, the revised regulations may complicate the…
EKI Energy registers Azerbaijan’s first voluntary carbon market solar project
Author: PPD Team Date: 11/11/2024 EKI Energy Services Limited (EKI) has registered Azerbaijan’s first voluntary carbon market project powered by solar energy, marking a significant step toward sustainable energy in the Caucasus and Central Asia. This project, launched ahead of COP29, aims to reduce greenhouse gas emissions by harnessing renewable energy. Located across the Baku and Absheron districts, the solar project has an installed capacity of 230 MW (AC). By supplying clean energy to Azerbaijan’s…
Nuclear industry “a model for the rest of economy”, UK energy secretary says
Author: PPD Team Date: 09/12/2024 At the Nuclear Industry Association’s annual conference, Nuclear 2024, UK Secretary of State for Energy and Climate Change, Ed Miliband, praised the nuclear industry for offering “well-paid, highly skilled, unionised jobs” that benefit local communities. He pointed to Hinkley Point C’s impact in Somerset, where its construction has contributed to a 25% increase in the number of young people in the region since 2011. Miliband emphasized that the nuclear sector…
SJVN Green invites bids for up to 100 MW wind projects in Gujarat
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Hydro One to develop key transmission line in northern Ontario
Author: PPD Team Date: 19/12/2024 Hydro One, in partnership with First Nations, will develop a critical 260km transmission line in northern Ontario, connecting the Wawa transformer station to the Porcupine station in Timmins. The Ontario Energy Board has been directed to amend Hydro One’s transmission license, allowing the project to proceed. The line will address rising electricity demand driven by electrification, population growth, advanced manufacturing, and critical minerals mining. It will initially operate at 230kV…
Hitachi Energy achieves record order backlog of Rs 89.1 billion
Author: PPD Team Date: 30/10/2024 Hitachi Energy India Ltd reported a record-high order backlog of Rs 89.1 billion as of September 30, 2024, marking unprecedented revenue visibility for upcoming quarters. Orders for the quarter ending September 30 totalled Rs 19.52 billion, reflecting an 11.7% year-on-year increase, driven largely by renewable projects in utilities, power quality, and substations. Notable contributions also came from expansions and efficiency upgrades in existing plants, with significant orders from the transformer…
Canada extends net zero electricity grid target to 2050
Author: PPD Team Date: 19/12/2024 Canada has revised its target for achieving a net-zero electricity grid, extending the deadline from 2035 to 2050. This decision follows the release of the finalised Clean Electricity Regulations (CER), which were influenced by feedback from provinces and energy industry stakeholders concerned about reliability, cost, and potential stranded assets. Currently, 85% of Canada’s electricity comes from clean sources, including hydropower, wind, and solar. However, the revised regulations may complicate the…