Power Sector News Roundup for October 4, 2024
Global Development:
- TotalEnergies kick-starts its largest US utility-scale solar farms with batteries.
- GE Vernova to supply 38 turbines for Boulder Creek Wind Farm in Queensland.
- RES sells 436.5 MW Tarong West Wind Farm to Stanwell in Australia.
- Texas approves Permian Basin Reliability Plan to meet rising electricity demand.
- China has invested over $100 billion overseas in cleantech since 2023.
- Axess Technologies secures cable installation contract for Denmark’s Thor offshore project.
- Powin secures $200 million credit facility for energy storage expansion.
- Origin Energy to exit hydrogen project in NSW citing slow market development.
- SolaX Power announces $1.5 billion energy storage investment in China.
- European Commission approves €1.2 billion Polish scheme for electricity storage capacity.
- US Department of Energy commits $1.5 billion to strengthen power grid infrastructure.
- Google announces renewable energy partnerships in India.
- UK Chancellor commits £22 billion to carbon capture projects in northern England.
India:
- AMPIN Energy aims to add 25 GW of renewable energy capacity by 2030.
- NHPC plans to double its capacity to 15 GW in five years.
- Alpex Solar to invest Rs 6.42 billion in a 1.6 GW solar cell plant.
- JSW wins 1,500 MW pumped hydro storage contract from MSEDCL.
- Honeywell introduces AI-enabled solutions to optimize plant operations.
- Prashant Kumar Singh appointed as the new Secretary of MNRE.
- Adani Group eyes a $900 million power line project in Tanzania.
- Matrix Gas & Renewables aims to raise up to $143 million in IPO.
- Union Cabinet approves India’s participation in the International Energy Efficiency Hub.
- Nepal, India, and Bangladesh sign deal for 40 MW electricity trade.