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Automakers oppose hybrid car incentives in Uttar Pradesh
Hyundai, Kia Motors, Tata, and Mahindra are lobbying against Uttar Pradesh’s decision to offer hybrid car incentives. They argue it undermines the push for electric vehicles (EVs) and disrupts investment plans. Uttar Pradesh, which accounts for 10% of India’s car sales, recently waived registration taxes on some hybrid cars, making them 10% cheaper. This move saves up to $5,200 on a Toyota Camry hybrid. Hyundai, Kia, Tata, and Mahindra, who don’t sell hybrids in India,…
NHPC pays Rs 12.86 billion dividend to Government for FY2023-24
State-owned hydro power giant NHPC has paid a total dividend of Rs 12.86 billion for the financial year 2023-24. On September 20, 2024, NHPC disbursed a final dividend of Rs 3.39 billion to the Government of India. Earlier in the fiscal year, an interim dividend of Rs 9.48 billion was paid on March 5, 2024. The company’s board had recommended a final dividend of Rs 0.50 per equity share, or 5% of the face value,…
Philippines DOE greenlights 19 energy projects for grid compatibility assessment
The Department of Energy (DOE) in the Philippines has approved 19 projects for grid assessment via the National Grid Corporation of the Philippines (NGCP). These projects will undergo a system impact study to evaluate grid readiness for new energy connections and identify required upgrades. Seventeen of the approved projects focus on renewable energy, with two involving waste-to-energy and battery energy storage systems. Notable projects include Vortex Offshore Wind Corporation’s 1,000 MW offshore wind in Mindoro,…
Tata Power commissions 126 MW floating solar project in Madhya Pradesh
Tata Power Renewable Energy Limited (TPREL) has commissioned a 126 MW Omkareshwar floating solar project in the Khandwa district of Madhya Pradesh. The Rs 5.96 billion engineering, procurement, and construction (EPC) project was awarded by NHDC Limited and will supply power to the Madhya Pradesh Power Transmission Company Limited (MPPTCL). Completed within 26 months, this installation is among India’s largest floating solar projects, marking a significant milestone in the country’s renewable energy sector. With this…
NTPC and ONGC partner to drive renewable energy expansion in India
NTPC and ONGC are establishing a joint venture to expand into the renewable energy sector through their subsidiaries, NTPC Green Energy and ONGC Green Energy. A 50:50 joint venture company (JVC) application has been submitted to the Ministry of Corporate Affairs, advancing both companies’ commitment to renewable energy. This JVC will focus on various renewable segments, including solar, wind, energy storage, and green credits, and plans to acquire renewable energy assets. It is also eyeing…
Acciona links first MacIntyre wind farm turbines to Australian grid
Spanish renewable energy company Acciona Energía has connected the first 27 turbines of the MacIntyre wind farm in Queensland, Australia, to the national grid, contributing 154MW of power. The farm, set for full completion by October 2025, will feature 162 Delta4000 turbines with a total capacity of 923 MW. The energy will be distributed via power purchase agreements with Queensland’s Stanwell and CleanCo. Ark Energy, holding a 30% stake, will use its share to decarbonize…