Hero Future Energies Limited (HFE) has secured 120 MW of capacity in the SJVN Limited firm and dispatchable renewable energy (FDRE)-2 tender, with a tariff of Rs 4.25 per kWh.
This is HFE’s seventh FDRE bid win in the last 18 months, reinforcing the company’s commitment to advancing India’s energy transition by providing affordable and reliable green power.
Danish renewable energy producer Ørsted has announced the cancellation of its FlagshipOne green hydrogen-to-methanol project, despite reporting increased operating profits for the first half (H1) of 2024. Operating profit for Ørsted reached DKr14.1 billion in H1 2024, up from DKr10.2 billion in the same period of 2023. The company’s interim report, released on 15 August, highlighted growth in earnings from offshore facilities and the commissioning of 2 gigawatts (GW) of renewable energy capacity. Group President…
Insolation Energy Limited has won a contract valued at Rs 5 billion from Rajasthan Renewable Energy Corporation Limited (RRECL) to install 77 MW of rooftop solar power systems across Rajasthan. The project includes the design, supply, erection, testing, commissioning, and installation of rooftop solar photovoltaic (PV) systems on state government and government-owned buildings in Jaipur, Ajmer, and Kota districts. Under the contract, a 67 MW solar plant will be set up in Jaipur, while Kota…
Power Minister Manohar Lal Khattar has encouraged states to identify viable sites for nuclear power plants, especially in areas far from coal sources. The government has already shortlisted 18 locations across the country for new nuclear capacity, aiming to increase nuclear power from 8 GW to 20 GW by 2032. The Minister advised states to repurpose sites of retired coal-based thermal plants for this purpose. At the recent Power Ministers’ conference on 12 November 2024,…
PV Hardware (PVH) has been selected as the supplier of solar tracking systems for the Kalyon PV solar project in Viranşehir, Türkiye. This project, a collaboration between GE Vernova and Kalyon PV, will feature PVH’s AxoneDuo Infinity trackers, known for being the fastest stowing trackers globally. PVH has established a commanding presence in the Turkish market, securing a 95% market share. The company’s success is supported by Inojen, its local manufacturing partner, which provides advantages…
Power Grid Corporation of India Ltd (PGCIL) has been nominated to execute two interstate transmission system (ISTS) projects under the regulated tariff mechanism (RTM) route, with a total investment of Rs 4.2 billion. The National Committee on Transmission (NCT) approved these projects during its meeting on August 23, 2024. The first project, the Eastern Region Expansion Scheme – 43 (ERES-43), has a budget of Rs 3.10 billion and an implementation period of 18 months, with…
Jindal Steel & Power (JSPL) and Jindal Renewable Power (JRPL) have signed a memorandum of understanding (MoU) for India’s largest green hydrogen initiative by a steel manufacturer. The MoU focuses on integrating green hydrogen into JSPL’s direct reduced iron (DRI) units at Angul, Odisha. In the first phase, JRPL will develop a green hydrogen generation capacity of up to 4,500 tonnes per annum (tpa) by December 2025, along with the supply of 36,000 tpa of…
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