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Italy considers developing SMRs in energy policy shift
Italy is exploring the development of small nuclear reactors, marking a significant departure from its long-standing nuclear ban, according to Bloomberg. Industry Minister Adolfo Urso announced at the Ambrosetti Forum that the government is in discussions with foreign partners to establish a new company focused on advanced nuclear technology. Talks are ongoing with key players like Ansaldo Nucleare, a specialist in nuclear plants, Enel, the state energy giant, and Newcleo, known for developing reactors powered…
CG Power acquires Renesas’ radio frequency components business
CG Power and Industrial Solutions (CG), part of the Murugappa Group, has acquired the radio frequency (RF) components business of Renesas Electronics Corporation for USD 36 million. The asset purchase agreement, signed on October 4, 2024, involves CG acquiring intellectual property (IP), tangible assets, and select employees from Renesas Electronics America and its affiliated entities. This acquisition strengthens India’s presence in the semiconductor design and development sector, a high-growth area.
JSW Renew, NTPC sign PPA for 700 MW solar project
JSW Renew Energy Thirteen Limited, a subsidiary of JSW Energy, has signed a Power Purchase Agreement (PPA) with NTPC Limited for a 700 MW solar project. The 25-year agreement sets a tariff of Rs 2.59 per kilowatt-hour (KWh) and connects the project to both the Inter-State Transmission System (ISTS) and State Transmission Utility (STU). The project is expected to be commissioned by June 2026. This agreement increases JSW Energy’s solar capacity pipeline to 3.2 GW,…
Intersect Power, Google, and TPG Rise Climate to build clean energy
Intersect Power has partnered with Google and TPG Rise Climate to co-locate renewable energy infrastructure with data centres, aiming to meet the growing demand for clean power while reducing reliance on long-distance transmission. The initiative plans a $20 billion investment in renewable energy and storage by 2030, focusing on enhancing speed of deployment, grid reliability, and energy affordability. Google will act as the primary offtaker for renewable energy generated at new data centre campuses located…
Solex Energy reports 194% revenue growth
Solex Energy Limited reported robust financial performance in H1 FY2024-25, with total income surging 194% to Rs 2.731 billion, up from Rs 930 million in H1 FY24. EBITDA increased 168% to Rs 253.7 million, and net worth expanded 244% to Rs 1.317 billion, while Return on Equity (ROE) improved to 29.41%, compared to 3.84% in the previous year.
Kirloskar Solar partners with GSL Energy Solutions for Kerala solar projects
Kirloskar Solar has appointed Kochi-based GSL Energy Solutions as its exclusive project partner for six districts in Kerala. This partnership aims to develop solar projects totaling 5 MW, valued at around Rs 20 million, during the 2024-25 period. The collaboration will focus on driving commercial and residential solar projects across Ernakulam, Kottayam, Idukki, Pathanamthitta, Alappuzha, and Kollam. Kerala’s favorable climate, except during monsoons, and the availability of Ministry of New & Renewable Energy (MNRE) subsidies…