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Indian Railways to deploy 50 hydrogen trains by 2047

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Indian Railways (IR) plans to deploy 50 hydrogen trains by 2047, and the first of these is expected to start operations this year. This initiative aligns with broader goals to enhance energy efficiency within the railways sector. Additionally, India’s first Bullet train is projected to commence by 2027.

IR is focusing on reducing its carbon footprint. Rail transport is more energy-efficient compared to road transport, being 40 per cent more efficient and resulting in an 85 per cent smaller carbon footprint. 

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PGCIL wins mega ISTS project for renewable energy evacuation in Gujarat

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NTPC’s NETRA develops indigenous catalyst for CO2 to methanol conversion

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Waaree Renewable secures 41.6 MW solar project in Tamil Nadu

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Waaree Renewable Technologies Ltd (WRTL) has secured an order to establish a 41.6 MW solar project in Cuddalore, Tamil Nadu.  The project, valued at approximately Rs 1.47 billion, is scheduled for completion in the fiscal year 2025-26.  This initiative involves setting up an independent regional power production (IPP) unit.

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PFC reports 20% rise in Q1 FY25 net profit to Rs 71.82 billion

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Power Finance Corporation (PFC) reported a consolidated net profit of Rs 71.82 billion for Q1 FY25, marking a 20.06% increase from Q1 FY24. The company’s total revenue from operations grew by 17.65% to Rs 247.17 billion during the same period. Total income rose by 17.69% year-on-year to Rs 247.37 billion. For the quarter ended June 30, 2024, PFC’s consolidated profit before tax increased by 20.17% to Rs 88.94 billion, compared to Rs 74.01 billion in…

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KF Wind finalizes TSA for offshore wind project in South Korea

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KF Wind has signed a transmission service agreement (TSA) with Korea Electric Power Corporation (KEPCO), ensuring the delivery of 1.125GW of renewable energy to South Korea’s national grid. The TSA covers two phases of the floating offshore wind project: the 375MW East Blue power phase and the 750MW KF Wind phase, which will connect to KEPCO’s Shinonsan onshore station in Ulsan. This joint venture between Ocean Winds and Mainstream Renewable Power marks a key milestone…

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Victoria’s new decarbonisation plan targets 8.5 GW energy storage by 2035

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The government of Victoria, Australia, has unveiled a new decarbonisation plan aiming to boost energy storage capacity to 8.5 GW by 2035, up from the current 537 MW. This initiative is part of the state’s “Cheaper, Cleaner, Renewable: Our Plan for Victoria’s Electricity Future” roadmap, which seeks to increase renewable energy to 65% by 2030 and 95% by 2035. Currently, renewables account for around 38% of Victoria’s power. The plan predicts a 50% rise in…

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