Iberdrola has secured grid access for its 100 MW Ekienea solar PV project in the Basque Country, Spain. The project is a private-public collaboration involving the Basque Energy Agency (EVE), the regional council of Alava, and the Mondragon Group, a Basque cooperative of companies.
A new study from Kyoto University highlights significant issues in the carbon offset market, pointing to major companies such as Shell, Delta Air Lines, and Chevron, which have been purchasing low-quality offsets. From 2020 to 2023, the 20 largest players in the market, including these companies, primarily bought offsets that have a high risk of not delivering real emissions reductions, with 87% of their purchases deemed ineffective. This revelation follows the broader scrutiny of the…
India’s trade with the Gulf Cooperation Council (GCC) reached USD 162 billion last year, accounting for 15% of India’s total trade. This milestone, highlighted by Aseem R Mahajan, Joint Secretary – Gulf, Ministry of External Affairs, was announced during the ‘India MENA Business Dialogue: Bridging Economics, Fostering Growth’ event organised by FICCI. The event emphasised the expanding partnership between India and the Gulf, covering crucial sectors such as energy, defence, security, and health. Despite fluctuations…
The Gujarat Electricity Regulatory Commission (GERC) has established a levelised tariff of Rs 2.84 per kWh for wind power projects with a capacity of less than 10 MW, commissioned between June 6, 2022, and March 31, 2027. These projects will have a lifespan of 25 years, with a depreciation rate of 60% in the first year, followed by 4.67% per annum for the first 15 years, and 2% annually from the sixteenth to the twenty-fifth…
The central government has unveiled guidelines for the viability gap funding (VGF) scheme, allocating Rs 74.53 billion to support offshore wind energy projects along the Gujarat and Tamil Nadu coasts. The scheme designates Rs 68.53 billion for 1,000 MW of offshore wind capacity and Rs 6 billion for port infrastructure. The Ministry of New and Renewable Energy will oversee the scheme, with Solar Energy Corporation of India Limited (SECI) managing applications, awards, and progress. The…
SBEC Systems (India) has commissioned a 632 KWp solar power project at G S Pharmbutor’s Nutrition Division, located within the Modi Steel Compound in Modinagar, Uttar Pradesh. The project became operational on November 5, 2024. This initiative aligns with SBEC Systems’ focus on engineering and consultancy services across various industries, emphasizing their commitment to advancing renewable energy solutions.
Bajel Projects Ltd has announced its entry into the data centre sector by winning its first order to design and construct a 220/33kV gas-insulated switchgear (GIS) substation and transmission line extension for a colocation data centre in Navi Mumbai, Maharashtra. The project, which will include lattice towers, monopoles, and a GIS substation, aims to provide a reliable and efficient power supply. Bajel is committed to completing the project on time while adhering to stringent safety…
Stay informed on power sector updates. Subscribe here.