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Oriana Power to build gigawatt-scale electrolyser factory in India

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Oriana Power, a commercial and industrial solar manufacturer, plans to establish a gigawatt-scale factory in India to produce alkaline electrolysers and balance of plant (BOP) modules. The initiative aims to boost local manufacturing of critical renewable energy technology, support the transition to clean energy, and reduce dependency on imports.

The company plans to invest between USD 25-35 million in the factory, which will be commissioned in two phases. The first phase, with an annual capacity of 500 MW for electrolyser production, is expected to be operational by 2026. Oriana Power is partnering with US-based Splitwaters, known for its advanced alkaline electrolyser and BOP technology, to develop the factory. Splitwaters’ modular technology helps address high initial capital costs and lengthy execution timelines.

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Australia must invest AUD 3.56 trillion to decarbonize power sector by 2030, says BNEF

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New modeling from BloombergNEF (BNEF) reveals that Australia needs to rapidly decarbonize its power sector to meet its 2050 net-zero goal, requiring an investment of AUD 3.56 trillion ($2.4 trillion) by 2030 and a 135% increase in renewable energy capacity to over 126 GW. BNEF’s New Energy Outlook report emphasizes the urgent need to transform Australia’s energy mix, phasing out all unabated coal and nearly all unabated gas generation by 2035. The country will need…

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China commences construction on 2,370 km transmission line

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China’s State Grid has commenced construction on a 2,370 km ultra-high voltage transmission line, costing CNY 35.3 billion. This line will transport over 36 billion kWh annually from Gansu province to Zhejiang, passing through four other provinces. This amount represents about 0.4 per cent of China’s projected electricity demand of 9.82 trillion kWh for the year. The project is part of China’s strategy to transfer power from its renewable energy-rich western regions to the more…

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Fortum reports daily cyberattack attempts on its power assets

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Finnish utility Fortum has revealed that its power assets face daily cyberattack attempts and less frequent surveillance activities, such as drone flyovers. According to CEO Markus Rauramo, disturbances in satellite connections were also noted earlier this year. Fortum, whose assets include hydropower, wind, solar, nuclear, and heat plants, has engaged Finnish authorities to investigate these incidents. The company has implemented precautionary measures, including strict access controls, security services, and emergency drills with local authorities. Fortum’s…

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Waaree Renewable secures 41.6 MW solar project in Tamil Nadu

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Waaree Renewable Technologies Ltd (WRTL) has secured an order to establish a 41.6 MW solar project in Cuddalore, Tamil Nadu.  The project, valued at approximately Rs 1.47 billion, is scheduled for completion in the fiscal year 2025-26.  This initiative involves setting up an independent regional power production (IPP) unit.

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MEIL commissions five solar plants in Maharashtra

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Megha Engineering & Infrastructures (MEIL) has commissioned five solar plants in Maharashtra with a combined capacity of 19 MW, set up under the Pradhan Mantri Kisan Urja Suraksha Evam Utthaan Mahabhiyaan (PM-KUSUM) scheme. The solar plants are located in Shambhaji Nagar (3 MW), Nanded (5 MW), Kolhapur (3 MW), Akola (3 MW), and Buldhana (5 MW). The power generated will provide uninterrupted electricity to farmers, reducing their electricity costs, while any excess power will be…

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IGREL Renewables raises Rs 3 billion, targets 2 GW renewable capacity by FY27

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IGREL Renewables, the IPP platform of INOXGFL Group, has secured Rs 3 billion in equity funding from prominent investors. The company aims to reach 2 GW of installed renewable capacity, focusing on wind and solar energy, by FY27. With a planned investment of Rs 12 billion over the next three years, IGREL is positioning itself as a leading C&I renewable power generation platform. The company has already secured power purchase agreements and letters of intent…

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