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World Bank approves $134 million for green hydrogen hub in Brazil
The World Bank has approved a $134 million operation to support the green hydrogen strategy of the PecĂ©m Industrial and Port Complex Company (CIPP) and the Government of Ceará. Located in Northeastern Brazil, CIPP is one of the country’s most advanced logistics and industrial zones and is emerging as a key site for green hydrogen…
CleanMax reports record FY2025-26 EBITDA as RE portfolio expands
Clean Max Enviro Energy Solutions Limited has reported its highest-ever consolidated earnings before interest, taxes, depreciation and amortization (EBITDA) for FY2025-26, supported by a sharp increase in its operational renewable energy (RE) portfolio and rising demand from the data and artificial intelligence (AI) sector. The company’s operational RE power sales capacity increased nearly 80% year-on-year…
Eco Wave Power to launch Israel’s first wave energy project
Eco Wave Power Global, a leader in onshore wave energy technology, is set to inaugurate Israel’s first wave energy project in collaboration with EDF Renewables Israel. The pilot station, located at Warehouse 2 in Jaffa Port, is scheduled for launch on 5 December 2024, marking a significant advancement in wave energy as a sustainable electricity…
Global electricity demand to rise 4% annually until 2027
According to the International Energy Agency (IEA), global electricity demand is projected to grow by 4% each year until 2027, equating to more than Japan’s total consumption. This growth will be primarily offset by the expansion of low-emissions energy sources, such as renewables and nuclear power. Emerging and developing economies will account for 85% of…
CERC rejects HPX plea for PTC stake dilution extension
The Central Electricity Regulatory Commission (CERC) has rejected a petition filed by Hindustan Power Exchange Limited (HPX) seeking a three-year extension for PTC India Limited to reduce its shareholding in the exchange from 22.62% to 5% after becoming a trader member. The Commission also dismissed an intervention application filed by Indian Energy Exchange (IEX), holding…
Himachal Pradesh unveils plan for 100% electric public transport by 2025
Himachal Pradesh is set to fully electrify its public transport system, with Chief Minister Sukhvinder Sukhu announcing a plan to convert the Himachal Road Transport Corporation (HRTC) fleet to 100% electric by March 2025. The transition to electric vehicles aims to reduce the environmental impact and improve HRTC’s financial performance, positioning it as a key…
