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Saatvik Green wins 200 MW solar module contract from MAHAGENCO
Saatvik Green Energy has secured a contract with Maharashtra State Power Generation Co. Ltd (MAHAGENCO) to supply 200 MW of n-type TOPCon 580 Wp modules to various locations across Maharashtra. The total value of the order is estimated at INR 30.2 billion. With a module manufacturing capacity of 3.8 GW as of FY24-25, Saatvik is strategically expanding and developing PV modules with advanced zero-busbar and 24-busbar technology. The company is also exploring investments in electrolyser…
Equinor, Polenergia secure permits for 1.44 GW Baltyk offshore wind projects in Poland
Norway’s Equinor and Polish power utility Polenergia have received crucial construction permits for the Baltyk 2 and Baltyk 3 offshore wind projects in the Baltic Sea. These permits, granted by the Pomeranian Voivodeship in northwest Poland, are pivotal for making the final investment decision and commencing construction. The permits cover a wide range of infrastructure, including 100 wind turbines, internal power and telecommunications networks, two offshore power stations, submarine export cables, and two onshore power…
Russia files lawsuit against energy giant Shell
A Russian court document revealed that the prosecutor general of Russia has filed a lawsuit against eight Shell units in Moscow’s arbitration court. The case involves Gazprom, the Russian Energy Ministry, regulators from Sakhalin Island, and the prosecutor general’s office. Shell previously held significant stakes in Russian energy projects, including a liquefied natural gas (LNG) plant on Sakhalin Island operated by Gazprom. However, after the Ukraine invasion, Shell withdrew from all Russian projects, including the…
IEA report forecasts US$2 trillion clean energy market growth, challenging oil industry dominance
The International Energy Agency’s (IEA) Energy Technology Perspectives 2024 report predicts rapid expansion in the clean energy market, with investments in solar PV, wind, electric vehicles, batteries, electrolysers, and heat pumps expected to triple by 2035, reaching over US$2 trillion. This anticipated growth could rival the economic scale of the global oil market, marking a pivotal shift towards a sustainable economy. IEA Executive Director Fatih Birol highlighted the interlinking of energy, industry, and trade policies…
GAIL invites bids for 7.75 MW floating solar project in Madhya Pradesh
GAIL India has issued a tender for a 7.75 MW grid-connected floating solar project in Vijaipur, Madhya Pradesh, with a bid submission deadline of October 29, 2024. The project will be located within the GAIL Vijaipur complex. The successful bidder will handle the design, engineering, procurement, construction, testing, commissioning, and operation and maintenance (O&M) of the project for five years. A central monitoring and control station with SCADA and associated equipment must also be constructed. …
Rudra Global Infra to invest Rs 1.9 billion in 30 MW solar project in Gujarat
Steelmaker Rudra Global Infra Products plans to invest Rs 1.9 billion in a 30 MW captive solar project in Gujarat, scheduled to commence operations by January 2025. The solar plant will primarily power the company’s billet and TMT bar manufacturing operations, increasing the capacity utilization of its steel melting shop (SMS) division from 33% to 50%. The project aims to produce one lakh tonne of billets and 2.1 lakh tonne of TMT bars annually. The…