KPI Green Energy has signed a memorandum of understanding (MoU) with the Rajasthan government to develop hybrid renewable energy projects, including solar and wind power, in Jaisalmer (Ramgarh).
The MoU outlines government support for facilitating necessary permissions and clearances for project development, in line with the state’s existing policies and regulations.
President-elect Donald Trump has appointed Chris Wright, a veteran of the US energy sector and CEO of Liberty Energy, as the next energy secretary. Wright is recognised as a pioneer of the American shale revolution, having played a crucial role in advancing hydraulic fracturing technologies that reshaped the global energy landscape. Wright brings decades of experience to the role. He founded and currently serves as the CEO of Liberty Energy, a Denver-based company specializing in…
ACWA Power has obtained a $240 million Islamic Equity Bridge Loan (EBL) from the International Finance Corporation (IFC) to support renewable energy initiatives in Uzbekistan. The financing will facilitate the construction and operation of two projects: a 1 GW solar photovoltaic plant and a 668 MW battery energy storage system (BESS), along with approximately 500 km of high-voltage transmission lines. These projects aim to reduce Uzbekistan’s greenhouse gas emissions by an estimated 1.3 million tonnes…
Dineshchandra R Agrawal Infracon Private Limited (DRAPL) has been awarded the contract to act as the Transmission Service Provider (TSP) for the Transmission System for evacuation of power from Rajasthan Renewable Energy Zone (REZ) Phase IV (Part 4: 3.5 GW): Part B. The project will be developed under the Tariff-Based Competitive Bidding (TBCB) process on a Build, Own, Operate, and Transfer (BOOT) basis. REC Power Distribution Company Limited (REC PDCL) was the Bid Process Coordinator…
The Ministry of New and Renewable Energy (MNRE) has announced that India has about 151 GW of renewable energy projects in various stages of implementation. Around 76.42 GW of this capacity will become operational in the next three to four years. The tendering process for the 76.42 GW capacity projects has been completed. Since 2014, India’s renewable energy capacity has grown from 76 GW to over 195 GW as of June 2024.
Genus Power Infrastructures Ltd announced an outstanding order book of Rs 317.76 billion (net of taxes) as of September 30, 2024, including orders from the GIC platform and all company SPVs. This robust order book comprises long-term smart metering concessions of 8-10 years. Commenting on the company’s Q2FY25 performance, Joint Managing Director Jitendra Kumar Agarwal highlighted the strategic advantage provided by this strong order book. Execution is expected to ramp up in Q3FY25, with increasing…
Fraunhofer Institute for Solar Energy Systems ISE and Soltec are partnering to develop a prototype two-axis tracker for Fraunhofer ISE’s latest micro-Concentrator photovoltaics (CPV) technology, with installation planned in Spain by the end of 2024. Soltec, specialising in solar trackers for large-scale projects, and Fraunhofer ISE, known for its III-V and concentrator photovoltaics research, aim to enhance CPV technology. Fraunhofer’s micro-CPV modules achieve a 36% conversion efficiency, yielding 30% more energy than conventional PV solutions….