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Telangana’s TGSPDCL launches pilot project to convert villages to solar power
Telangana’s Southern Power Distribution Company Limited (TGSPDCL) has launched a pilot project to convert villages to solar power, starting with Kondareddypalli in Nagarkurnool district. This initiative is part of Chief Minister A Revanth Reddy’s broader plan to implement solar-powered villages across the state, with two pilot projects in the southern and northern discoms. To promote solar energy among farmers, Revanth Reddy has instructed officials to distribute free solar pump sets. Additionally, the government is exploring…
Lucid Group shares surge on $1.5 billion Saudi investment
Lucid Group (LCID) shares have increased following the announcement of second-quarter results and a $1.5 billion funding commitment from Ayar Third Investment Co., an affiliate of the Public Investment Fund of Saudi Arabia. This funding will be utilized to build a factory in Saudi Arabia, capable of producing 150,000 vehicles annually, and to support the production of Lucid’s new Gravity SUV. In the second quarter, Lucid reported revenue of $200.6 million, surpassing analysts’ expectations, but…
Cero Generation secures funding for 244.7 MW solar projects in Spain
Cero Generation has secured financing for a 244.7 MW solar project portfolio in Spain’s Palencia region. The projects will begin construction soon, supported by a consortium of lenders including Banco Sabadell, Rabobank, and ING. A ten-year power purchase agreement (PPA) with an undisclosed international tech company underpins the project. Engineering and construction will be handled by Elmya and Metlen, with LONGi supplying the solar modules. The projects will generate 480 GWh annually, powering 150,000 homes…
Madhya Pradesh and Uttar Pradesh to collaborate on 2 GW solar power project
Madhya Pradesh and Uttar Pradesh are set to collaborate on a 2 GW solar power project to address seasonal electricity demands. The project will supply power to Uttar Pradesh in the first half of the year and to Madhya Pradesh in the second half. The solar plant, with a capacity of 2 GW, is proposed to be built in Morena, Madhya Pradesh. Invitations for bids are expected within four months, with construction slated to begin…
Hitachi invests $200 million to expand transformer manufacturing in Brazil
Hitachi Energy has invested more than $200 million to expand its transformer manufacturing operations in Brazil, as part of a larger $1.5 billion global investment plan to boost its production capacity. The investment will be used to upgrade the existing Guarulhos transformer factory in São Paulo and establish a new greenfield transformer manufacturing facility, which is slated to be operational by 2028. Hitachi Energy has been a key supplier of transformers in Brazil for decades,…
GE Vernova selects Worley Chemetics to design key component of BWRX-300 SMR
GE Vernova’s nuclear division, GE Hitachi Nuclear Energy (GEH), has appointed Worley Chemetics to design and fabricate the isolation condenser system for its BWRX-300 small modular reactor (SMR). This partnership brings Worley Chemetics into the BWRX-300 qualified supplier group, enhancing Ontario’s nuclear supply chain with its fabrication facility in Pickering, Canada. Worley Chemetics’ president, Andrew Barr, expressed enthusiasm for the collaboration, highlighting its 60-year experience in sustainable process technologies and recent ASME nuclear certification. Ontario…