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TPG Rise Climate in talks to acquire Altus Power
TPG Rise Climate, the climate investment arm of TPG, is in discussions to acquire US-based solar developer Altus Power, according to Reuters sources. The deal, which could be formalized in the coming weeks, is not yet finalized, and there is still a possibility of no transaction occurring. Altus Power, a leading clean energy provider for…
SC bars discoms from recovering depreciation on idle assets
The Supreme Court of India has set aside an order of the Appellate Tribunal for Electricity (APTEL), ruling that Tata Power Delhi Distribution Limited (TPDDL) cannot recover depreciation costs for the decommissioned Rithala Combined Cycle Power Plant after it stopped supplying electricity. The judgment restores the 2019 order of the Delhi Electricity Regulatory Commission (DERC)…
Andritz to upgrade Mozambique’s Cahora Bassa hydropower plant
Andritz will modernise Mozambique’s Cahora Bassa hydropower plant under a contract from Hidroeléctrica de Cahora Bassa (HCB). The upgrade will increase turbine capacity to 433 MW per unit and raise total generation by over 4 per cent. The 2,075 MW plant, commissioned in 1975, supplies over half of Mozambique’s electricity and exports to neighbouring countries….
China files WTO complaint against India over EV and battery subsidies
China has lodged a complaint with the World Trade Organisation (WTO), alleging that India’s subsidies for electric vehicles (EVs) and batteries breach global trade rules. India’s Commerce Ministry said it will review the submissions before responding. China’s Commerce Ministry claimed the measures violate WTO obligations, including the principle of national treatment, and amount to prohibited…
Suzlon commissions India’s tallest wind turbine, the 5 MW S175 in Karnataka
Suzlon Energy Limited has commissioned its 5 MW S175 wind turbine at a project site in Vijayanagar district, Karnataka. The company said the S175 is India’s tallest wind turbine powerhouse, with a tower height of 160 metres. According to the company, the turbine has been developed using operational insights from Suzlon’s existing 15.5 GW wind…
Adani commissions 174.9 MW hybrid project under Khavda RE Park
Adani Renewable Energy Forty Eight Limited and Adani Green Energy Twenty Four A Limited, wholly-owned subsidiaries of Adani Green Energy Limited (AGEL), have commenced commercial operations of a 174.9 MW wind-solar hybrid power project in Gujarat’s Khavda Renewable Energy Park on December 28, 2024. The project includes 62.4 MW wind capacity by Adani Renewable Energy…
