Key Power Sector News Roundup for September 20, 2024
Tata Group and Analog Devices Collaborate on Semiconductors
Tata Group and Analog Devices have partnered to explore semiconductor manufacturing in India, focusing on applications for electric vehicles and network infrastructure. uctor supply chain.
Sunsure Energy Secures Rs 100 Billion REC Financing
Sunsure Energy has secured Rs 100 billion in financing from REC to support 3 GW of solar, wind, and energy storage projects, aiming to offset 5 million tonnes of CO2 annually and aid India’s green energy transition.
South Africa Strengthens BRICS Energy Partnership
South Africa has strengthened its partnership with BRICS nations, securing USD 5 billion from the New Development Bank to build 14,000 km of new power transmission lines. This is part of South Africa’s goal to expand its renewable energy capacity to 55 GW by 2032.
SECI Issues Tender for 500 MW Offshore Wind Project
The Solar Energy Corporation of India (SECI) has issued a tender for a 500 MW offshore wind project off the coast of Gujarat, with a 25-year power purchase agreement. The project aims to boost India’s renewable energy output.
Amazon and Partners Launch EV Charging Network in Bengaluru
Amazon and Global Optimism have launched a joint initiative to establish electric vehicle charging stations across Bengaluru, set to power 5,500 EVs by 2030. The project aims to save 11.2 million litres of fuel and reduce 25,700 tonnes of carbon emissions.