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Surana Solar wins 54 MW solar project in Maharashtra

India, News

Surana Solar Limited has been awarded a letter of award (LoA) from the Maharashtra State Electricity Distribution Company Limited (MSEDCL) to develop a 54 MW solar photovoltaic project in Maharashtra. The project falls under the Mukhyamantri Saur Krushi Vahini Yojna 2.0, which aims to implement solar energy at the feeder level under Component C of the PM-KUSUM Scheme. The project will operate at a tariff rate of Rs 2.99 per kWh, with a subsidy of…

Understanding the Global Institutional Infrastructure of Energy

Power 101

The global energy sector is a complex web of organisations, regulators, and private corporations working together to ensure that the world’s energy needs are met while promoting sustainability, innovation, and policy alignment. From setting regulations to facilitating international cooperation, these institutions play an essential role in shaping how energy is produced, distributed, and consumed. This article will explore the key players in the global energy infrastructure, including international organizations, national regulatory bodies, industry associations, and…

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Czech nuclear deal will go ahead despite controversy, South Korean President says

Global, News

South Korean President Yoon Suk Yeol has expressed confidence in moving forward with a multibillion-dollar project to build a nuclear plant in the Czech Republic, despite legal challenges from EDF and Westinghouse. In an interview with Reuters, President Yoon reassured that there is no need for concern over the project. In July, the Czech Government selected Korea Hydro & Nuclear Power (KHNP) to build two reactors, marking South Korea’s first major overseas nuclear order since…

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AMG Critical opens Europe’s first lithium hydroxide refinery in Germany

Global, News

AMG Critical Materials has inaugurated Europe’s first lithium hydroxide refinery in Bitterfeld-Wolfen, Germany, through its subsidiary AMG Lithium BV. The facility began producing battery-grade lithium hydroxide on 18 September 2024. The first of five planned modules has an annual capacity of 20,000 tonnes, sufficient to power around 500,000 electric vehicle (EV) batteries. AMG’s first module is already sold out, and the company plans to expand production to 100,000 tonnes per annum (tpa) by 2030. With…

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COP29 president lays out plans for summit

Global, News

Azerbaijan’s leadership unveiled its plans for the upcoming COP29 Summit, emphasizing the expansion of global energy storage capacity and reducing methane emissions, but omitting any commitment to phasing out fossil fuels. In a letter outlining the COP29 presidency action agenda, Azerbaijan’s Minister of Ecology and Natural Resources, Mukhtar Babayev, pledged, alongside UNECE and UNIDO, to increase global energy storage sixfold to 1.5 TW by 2030 and add or refurbish over 80 million kilometers of grids…

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Kibo Energy to acquire renewable energy assets from ESGTI

Global, News

Kibo Energy has signed a binding term sheet with Swiss company ESGTI for a reverse takeover to acquire a diverse portfolio of renewable energy projects. The deal targets a generation capacity of 20 GW across Europe and Africa within six years, encompassing 36 development projects in 15 countries. Valued at €400 million ($445 million), the acquisition marks Kibo’s strategic shift away from coal and waste-to-energy projects in Sub-Saharan Africa, managed by its subsidiary Kibo Mining…

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BP to divest US onshore wind business to shift towards solar and oil focus

Global, News

British energy giant BP has announced plans to sell its US onshore wind energy business, BP Wind Energy, citing misalignment with its strategic growth goals. The sale, which includes ten onshore wind assets across seven US states with a combined net generating capacity of 1.3 GW, is expected to begin in autumn 2024. This move comes amid a broader shift in BP’s strategy, driven by new CEO Murray Auchincloss, who has placed renewed emphasis on…

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Uttar Pradesh secures Rs 1.15 trillion in green hydrogen investments

India, News

Uttar Pradesh has attracted private investment proposals totaling nearly Rs 1.15 trillion in the green hydrogen sector, as part of its efforts to bolster the state’s clean energy roadmap. Seventeen companies have submitted proposals, which are expected to create 20,000 jobs. Among the key investors, UK-based Trafalgar Square Capital plans to set up a 10,000-tonnes-per-annum green hydrogen production facility near Lucknow. Textile giant Welspun Group is investing Rs 400 billion in a green hydrogen or…

Key Power Sector News Roundup for September 21, 2024

Power Bytes

NTPC Signs MoU for 25 GW Renewable Energy in RajasthanNTPC and Rajasthan’s state power utility have formed a joint venture to develop 25 GW of renewable energy projects, with a focus on green hydrogen production. This initiative will significantly boost India’s clean energy capacity. Amazon and Partners Expand EV Charging NetworkAmazon and its partners are rolling out electric vehicle charging infrastructure in Bengaluru, targeting 9,500 EVs by 2030. The charging stations will be powered by…

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Hero Future to invest USD 20 billion, targeting 30 GW capacity by 2030

India, News

Hero Group’s power unit, Hero Future Energies, plans to invest USD 20 billion over the next six years to expand its capacity nearly 16-fold. The investment will focus on wind, solar, and battery storage technologies, funded through a mix of internal resources, debt, and equity. With 3.4 GW of capacity under construction, set to be completed within two years, Hero Future Energies aims to increase its current 1.9 GW capacity to 30 GW by 2030….