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D.E. Shaw, El Paso Electric begin construction on Carne Solar, Storage project in New Mexico
D.E. Shaw Renewable Investments (DESRI), in partnership with El Paso Electric (EPE), has commenced construction on the Carne Solar and Storage project, a 130 MWAC solar and 260 MWh storage facility located in Deming, New Mexico. This marks DESRI’s second solar project in Luna County, following the Alta Luna project that began operations in 2017. The Carne project is set to provide clean, reliable energy to the Southwest, supporting EPE’s goals of achieving 80% clean…
GAIL, RRVUNL to collaborate on 1 GW solar, wind projects
GAIL (India) Ltd and Rajasthan Rajya Vidyut Utpadan Nigam Limited (RRVUNL) have signed a memorandum of understanding (MoU) to explore the development of 1 GW solar and wind projects in Rajasthan, as well as the joint operation of gas-based power plants in the state. The non-binding MoU includes the potential transfer of RRVUNL’s gas-based power plants in Dholpur and Ramgarh to a proposed joint venture company between GAIL and RRVUNL. The partnership will focus on…
Par panel to scrutinise performance of insurance sector PSUs, solar corporations
A parliamentary committee, tasked with reviewing the performance of central public sector undertakings (PSUs), will examine the efficiency of insurance sector PSUs, solar power corporations, and other entities. The Committee on Public Undertakings (CoPU), chaired by BJP MP Baijayant Panda, will evaluate the performance of the Solar Energy Corporation of India Limited (SECI) in light of the government’s focus on renewable energy as a key growth driver. The committee will also review the performance of…
India needs fivefold growth in wind and solar by 2030 to meet 1.5°C climate goals, analysis finds
A new analysis by Climate Analytics and the NewClimate Institute reveals that India needs to grow its wind and solar power generation fivefold by 2030 to align with global climate goals under the 1.5°C target. This would require generating around 1,100 TWh of electricity from wind and solar by the end of the decade. To achieve this, India would need significant international climate finance to support its transition away from coal, which currently generates 75%…
Gensol Engineering establishes three wholly-owned subsidiaries
Gensol Engineering Limited has incorporated three new subsidiaries: Innogrid Energy Private Limited, Hari Shakti Energy, and Shakti Sangini Energy Private Limited. Gensol has subscribed to 10,000 equity shares in each subsidiary, representing 100 percent of their total share capital, with an investment of Rs 100,000 per company. These subsidiaries are now wholly-owned by Gensol Engineering.
Boralex and Saint-Gobain sign 20-year renewable PPA in France
Boralex Inc. and Saint-Gobain have signed a 20-year renewable power purchase agreement (PPA) in France, covering three power plants that will supply renewable electricity to Saint-Gobain’s industrial sites. The agreement includes two solar parks and one wind farm, set to commence operations between Q1 2026 and Q1 2027. These facilities are expected to generate approximately 110 GWh annually, meeting the electricity needs of over 50,000 residents and fulfilling around 10 per cent of Saint-Gobain’s power…