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JERA explores investment in Vietnam’s natural gas-fired power plant amid LNG transition
Japan’s utility giant JERA is considering investing in a natural gas-fired power plant in Vietnam, as part of the region’s shift from coal to liquefied natural gas (LNG). With Vietnam’s power sector rapidly evolving, gas-fired plants are expected to make up 24.8% of the country’s installed capacity by 2030, totalling 37.33 GW, with LNG playing a major role. JERA’s investment decisions align with energy transition policies across Asia and the decline of local natural gas…
First Solar opens $1.1bn thin-film solar manufacturing facility in Alabama
First Solar has inaugurated its $1.1 billion fully vertically integrated thin-film solar manufacturing facility in Lawrence County, Alabama. The facility adds 3.5 GW of solar manufacturing capacity to the US, contributing to First Solar’s goal of boosting domestic production and reducing reliance on foreign-made panels. The factory, which will create over 800 jobs, is set to manufacture Series 7 modules using locally sourced steel and operates a fully integrated solar value chain under one roof,…
SSEN Transmission receives approval for Creag Dhubh-Dalmally upgrade
SSEN Transmission has received approval from Scottish ministers to upgrade the Creag Dhubh-Dalmally overhead line from 132kV to 275kV, a project crucial for supporting renewable energy growth in Argyll and Kintyre. Part of the Argyll and Kintyre 275kV strategy, this upgrade is a key component of SSEN’s £20 billion ($26 billion) Pathway to 2030 programme, which aims to support thousands of jobs and boost local and national economies. The strategy aligns with the UK and…
India to launch CCUS mission with incentives to achieve net-zero targets
The government is developing a policy framework to implement Carbon Capture, Utilisation, and Storage (CCUS) technology, aiming to help the country meet its net-zero targets by 2070. The forthcoming CCUS mission will focus on capturing carbon dioxide from large-point sources, particularly fossil fuel power generation units. The mission is expected to include financial incentives, such as viability gap funding, carbon pricing mechanisms, carbon trading, and production-linked incentives (PLI) to attract private sector investment. The mission…
EaseMyTrip ventures into electric bus manufacturing with new subsidiary
Leading online travel platform EaseMyTrip.com is entering the electric vehicle (EV) market through its new subsidiary, Easy Green Mobility, focusing on electric bus manufacturing. This move comes as the Indian electric bus market is projected to grow at a 24% CAGR from 2024 to 2030. Easy Green Mobility will develop advanced electric buses equipped with cutting-edge technology and long-range battery systems. Another EaseMyTrip subsidiary, YoloBus, will handle the operational side of these buses. The company…
Hero Electric resumes production, seeks Rs 1-2 billion investment to scale up
Hero Electric has restarted production at its factory in July, initially operating on a smaller scale with limited scooter manufacturing. To return to full production capacity, the company is seeking an investment of Rs 1-2 billion from both existing and new investors, including private equity funds. The company has also responded to recent claims from some of its 800 dealers, who allege that Hero Electric owes Rs 5 billion in advances for electric two-wheelers. Hero…