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JSW Energy receives ‘A’ ESG rating from MSCI
JSW Energy has been awarded an ‘A’ rating for Environment, Social, and Corporate Governance (ESG) by Morgan Stanley Capital International (MSCI). Recognized globally, MSCI’s ratings serve as a crucial tool for the international investment community. This achievement positions JSW Energy among the top ranks of domestic peers in the power generation industry, underscoring its robust ESG policies. The high rating reflects the company’s effective carbon emissions management and strategic focus on renewable energy. Under its…
Akaysha Energy completes first stage of WSB project in NSW
Akaysha Energy has completed the first stage of energisation at the Waratah Substation Battery (WSB) project in New South Wales (NSW), marking its registration on Australia’s National Electricity Market (NEM). The 850MW/1.68GWh Battery Energy Storage System (BESS) is set to be the largest standby network battery in the southern hemisphere and the world’s most powerful battery. Developed in partnership with EnergyCo, Transgrid, Powin, and eks Energy, the WSB project will act as a “shock absorber”…
NRC extends licenses for FPL’s Turkey Point nuclear plant
The US Nuclear Regulatory Commission (NRC) has extended the operating licenses for Florida Power & Light Company’s (FPL) Turkey Point nuclear power plant Units 3 and 4, allowing them to operate until 2052 and 2053, respectively. The plant, located 25 miles south of Miami, provides enough energy to power nearly one million homes and businesses, playing a key role in Florida’s energy grid and supporting the state’s growing population. Turkey Point became the first US…
Grew Energy to supply TOPCON modules for BluPine Energy’s solar project in Gujarat
Grew Energy has signed a module supply agreement with BluPine Energy Private Limited for a solar project in Banaskantha, Gujarat. Grew Energy will provide BluPine with advanced TOPCON modules, commonly used in commercial and industrial solar power projects. In May 2024, Grew Energy announced plans to build a fully backward-integrated manufacturing plant in Kathua, Jammu & Kashmir, with an investment of Rs 4.5 billion. BluPine Energy, which has a 4 GW renewable energy portfolio in…
DVC highest bidder for Hiranmaye Energy assets
Damodar Valley Corporation (DVC) has emerged as the highest bidder in the auction for Hiranmaye Energy’s assets, offering Rs 15 billion, surpassing the reserve price of Rs 13 billion. This marks DVC’s first acquisition, adding to its total installed capacity of around 6,700 MW, including greenfield and brownfield expansions. Hiranmaye Energy operates a 300 MW thermal power plant in Haldia, West Bengal, with two units of 150 MW each. The company holds a 25-year power…
Fraunhofer ISE and Soltec develop advanced micro-CPV solar tracker
Fraunhofer Institute for Solar Energy Systems ISE and Soltec are partnering to develop a prototype two-axis tracker for Fraunhofer ISE’s latest micro-Concentrator photovoltaics (CPV) technology, with installation planned in Spain by the end of 2024. Soltec, specialising in solar trackers for large-scale projects, and Fraunhofer ISE, known for its III-V and concentrator photovoltaics research, aim to enhance CPV technology. Fraunhofer’s micro-CPV modules achieve a 36% conversion efficiency, yielding 30% more energy than conventional PV solutions….