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China’s coal stockpiles soar, signalling shift in energy landscape
China is experiencing a rapid buildup of coal stockpiles, with inventories reaching over 635 million tons by the end of June, up from below 90 million tons during the 2021 electricity supply crisis. This surge, fueled by increased domestic production and imports, may push coal prices lower during the typical autumn slowdown, affecting miners globally. The surge stems from China’s response to the 2021 energy crisis, where coal shortages led to power cuts. In response,…
Vattenfall partners with Industrikraft to boost clean energy in Sweden
Sweden’s largest electricity provider, Vattenfall, has partnered with Industrikraft, a consortium of major Swedish industrial companies, to develop clean energy solutions to meet the country’s growing electricity demands. Industrikraft includes companies like Alfa Laval, Boliden, SKF, Stora Enso, and Volvo Group. The partnership aims to secure joint investments in new electricity production and address issues related to co-investment frameworks, project identification, and feasibility assessments, including permits, grid connections, and profitability. As Sweden’s industrial sectors aim…
Chubu Electric increases stake in OMC Power to over 35%
Japan’s Chubu Electric has increased its investment in OMC Power, raising its stake from 20% to over 35%, becoming the largest shareholder. This additional funding will support OMC Power in commissioning 100 MW of energy transition projects and expanding operations in India and South Africa. OMC Power currently operates over 500 clean energy plants, supplying power to telecom towers, institutional rooftops, commercial and industrial sectors, and providing power distribution to rural and underserved areas. Mitsui…
PFCCL establishes SPV for ISTS scheme development in Karnataka
PFC Consulting Ltd (PFCCL) has formed a wholly-owned subsidiary named “Gadag II and Koppal II Transmission Ltd” on October 21, 2024, as a special purpose vehicle (SPV) for an interstate transmission system (ISTS) scheme in Karnataka. The project, titled “System strengthening at Koppal-II and Gadag-II for integration of RE generation projects,” is aimed at enhancing capacity at the Koppal-II and Gadag-II pooling stations to support growing renewable energy (RE) connections. PFCCL has commenced the bidding…
Vikram Solar unveils new ‘SURYAVA’ bifacial module with Heterojunction technology
Vikram Solar Limited, a leading Indian solar module manufacturer, has launched its latest innovation, the ‘SURYAVA’ high-performance bifacial module, incorporating Heterojunction technology (HJT). The new product, named after the Sanskrit word ‘Surya’ symbolizing the sun, promises to set new benchmarks in solar efficiency and durability. Unveiled at the company’s Advisory Board Meeting, ‘SURYAVA’ integrates HJT, which combines crystalline and amorphous silicon layers to enhance energy generation. The 20 Busbar module achieves efficiency levels exceeding 23%…
Genus Power subsidiary secures Rs 3,608.52 million smart metering orders
A wholly-owned subsidiary of Genus Power Infrastructures Ltd has received three orders totaling Rs 3,608.52 million for advanced metering infrastructure services (AMISPs). The contracts involve the design, supply, installation, and commissioning of approximately 4.26 million smart prepaid meters and system meters, including DT Meters, with energy accounting on a DBFOOT basis. Genus Power operates manufacturing plants in Jaipur, Haridwar, and Guwahati, with a combined annual capacity of over 10 million meters. With these new orders,…