India signs MoU with IEA for critical minerals cooperation
Author: PPD Team Date: 14/11/2024
Author: PPD Team Date: 14/11/2024
The Ministry of Mines has signed a memorandum of understanding (MoU) with the International Energy Agency (IEA) to advance cooperation in critical minerals.
This agreement, recently approved by the Cabinet, will grant India access to IEA’s data, analysis, and policy recommendations, aiding in refining policies, regulations, and investment strategies to align with global standards.
The collaboration is expected to enhance India’s technical capabilities and institutional strength in the critical mineral sector, fostering capacity building and knowledge sharing with IEA member states.
The partnership includes joint research, workshops, and training programs aimed at promoting innovation in technology development, extraction techniques, and recycling methods.
Author: PPD Team Date: 26/12/2024 Oil India Limited (OIL) has announced the establishment of a wholly-owned subsidiary, OIL Green Energy, to manage its green and alternative energy ventures. The company plans to invest Rs 250 billion by 2040 to diversify into renewable energy and decarbonisation technologies. The subsidiary will oversee initiatives in biofuels, green hydrogen, renewable energy, carbon capture utilization and storage (CCUS), methanol, and geothermal energy. OIL aims for non-fossil fuel energy to constitute…
Author: PPD Team Date: 07/05/2025 NLC India Renewables Limited (NIRL), a subsidiary of NLC India Limited, has signed a power purchase agreement (PPA) with Rajasthan Rajya Vidyut Utpadan Nigam Limited (RRVUNL) for an 810 MW solar power project in Bikaner, Rajasthan. The agreement was finalized on May 6, 2025. This solar project is part of the 2,000 MW Pugal Solar Park, which is being developed by RRVUNL at multiple sites in Rajasthan, including Ramsar Chotta,…
Author: PPD Team Date: 07/11/2024 Cubico Sustainable Investments has announced Scout Moor II, a proposed 100 MW onshore wind project in England, situated near the existing Scout Moor wind farm between Edenfield, Rawtenstall, and Rochdale. With planning approval, Scout Moor II could begin operations by 2030, delivering renewable electricity to over 100,000 homes and covering around 10 per cent of Greater Manchester’s residential energy needs. Cubico also plans to create a Community Wealth Fund and…
Author: PPD Team Date: 18/12/2024 Cubico Sustainable Investments has achieved financial close for the Wambo wind farm project in Queensland, Australia. The project comprises the 252MW Stage I and 254MW Stage II wind farms. Two separate five-year project finance facilities, totalling A$650m ($412m), have been secured. The funding comes from a consortium of banks, including ANZ, Crédit Agricole, ING, NAB, and Westpac. ANZ is also providing bank guarantee facilities, while NAB acts as the agent,…
Author: PPD Team Date: 12/09/2024 Siemens has announced the acquisition of Trayer Engineering, a US-based company specializing in medium voltage secondary distribution switchgear, as part of its strategy to expand its grid modernization portfolio. While the financial details remain undisclosed, the acquisition will enhance Siemens’ capabilities in addressing challenges posed by extreme weather, particularly in secondary power distribution. By integrating Trayer’s expertise in submersible switchgear, Siemens aims to bolster grid efficiency, particularly in flood-prone areas….
Author: PPD Team Date: 21/05/2025 The Electricity Department of Goa is planning to develop three new substations at Verna, Tuem, and Kundaim over the next five years. The estimated investment across these projects is Rs 11 billion. The substations are expected to be built at a cost of Rs 4 billion each in Verna and Tuem, and Rs 3 billion in Kundaim. The projects will be taken up sequentially, with the first substation likely to…
Author: PPD Team Date: 26/12/2024 Oil India Limited (OIL) has announced the establishment of a wholly-owned subsidiary, OIL Green Energy, to manage its green and alternative energy ventures. The company plans to invest Rs 250 billion by 2040 to diversify into renewable energy and decarbonisation technologies. The subsidiary will oversee initiatives in biofuels, green hydrogen, renewable energy, carbon capture utilization and storage (CCUS), methanol, and geothermal energy. OIL aims for non-fossil fuel energy to constitute…
Author: PPD Team Date: 07/05/2025 NLC India Renewables Limited (NIRL), a subsidiary of NLC India Limited, has signed a power purchase agreement (PPA) with Rajasthan Rajya Vidyut Utpadan Nigam Limited (RRVUNL) for an 810 MW solar power project in Bikaner, Rajasthan. The agreement was finalized on May 6, 2025. This solar project is part of the 2,000 MW Pugal Solar Park, which is being developed by RRVUNL at multiple sites in Rajasthan, including Ramsar Chotta,…
Author: PPD Team Date: 07/11/2024 Cubico Sustainable Investments has announced Scout Moor II, a proposed 100 MW onshore wind project in England, situated near the existing Scout Moor wind farm between Edenfield, Rawtenstall, and Rochdale. With planning approval, Scout Moor II could begin operations by 2030, delivering renewable electricity to over 100,000 homes and covering around 10 per cent of Greater Manchester’s residential energy needs. Cubico also plans to create a Community Wealth Fund and…
Author: PPD Team Date: 18/12/2024 Cubico Sustainable Investments has achieved financial close for the Wambo wind farm project in Queensland, Australia. The project comprises the 252MW Stage I and 254MW Stage II wind farms. Two separate five-year project finance facilities, totalling A$650m ($412m), have been secured. The funding comes from a consortium of banks, including ANZ, Crédit Agricole, ING, NAB, and Westpac. ANZ is also providing bank guarantee facilities, while NAB acts as the agent,…
Author: PPD Team Date: 12/09/2024 Siemens has announced the acquisition of Trayer Engineering, a US-based company specializing in medium voltage secondary distribution switchgear, as part of its strategy to expand its grid modernization portfolio. While the financial details remain undisclosed, the acquisition will enhance Siemens’ capabilities in addressing challenges posed by extreme weather, particularly in secondary power distribution. By integrating Trayer’s expertise in submersible switchgear, Siemens aims to bolster grid efficiency, particularly in flood-prone areas….
Author: PPD Team Date: 21/05/2025 The Electricity Department of Goa is planning to develop three new substations at Verna, Tuem, and Kundaim over the next five years. The estimated investment across these projects is Rs 11 billion. The substations are expected to be built at a cost of Rs 4 billion each in Verna and Tuem, and Rs 3 billion in Kundaim. The projects will be taken up sequentially, with the first substation likely to…
Author: PPD Team Date: 26/12/2024 Oil India Limited (OIL) has announced the establishment of a wholly-owned subsidiary, OIL Green Energy, to manage its green and alternative energy ventures. The company plans to invest Rs 250 billion by 2040 to diversify into renewable energy and decarbonisation technologies. The subsidiary will oversee initiatives in biofuels, green hydrogen, renewable energy, carbon capture utilization and storage (CCUS), methanol, and geothermal energy. OIL aims for non-fossil fuel energy to constitute…
Author: PPD Team Date: 07/05/2025 NLC India Renewables Limited (NIRL), a subsidiary of NLC India Limited, has signed a power purchase agreement (PPA) with Rajasthan Rajya Vidyut Utpadan Nigam Limited (RRVUNL) for an 810 MW solar power project in Bikaner, Rajasthan. The agreement was finalized on May 6, 2025. This solar project is part of the 2,000 MW Pugal Solar Park, which is being developed by RRVUNL at multiple sites in Rajasthan, including Ramsar Chotta,…