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OX2 sells 50 MW BESS project in Finland to L&G NTR Clean Power Fund

Global, News

OX2 has sold the Uusnivala battery energy storage system (BESS) project in Finland to L&G NTR Clean Power Fund. The 50 MW/110 MWh project, now ready for construction, will be overseen by the new owner. This sale represents a significant enhancement to the Finnish grid system. Uusnivala will provide essential ancillary services, including frequency regulation and grid stability, and engage in energy arbitrage within wholesale markets. Strategically located near a high wind power penetration area,…

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India, Japan discuss expanding strategic partnership

India, News

The Government of India met with Japanese delegation to discuss strengthening cooperation in traditional manufacturing and modern sectors such as semiconductors, electric vehicles (EVs), and green energy.  The discussions highlighted progress towards achieving 5 trillion Japanese yen in investments between India and Japan for 2022-27, with plans to further strengthen economic ties beyond 2027. Both sides emphasized enhancing cooperation in manufacturing and new technologies, with a particular focus on the Mumbai-Ahmedabad High Speed Rail project….

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Solarive Techno enters T&D sector

India, News

Solartive Techno Industries Private Limited, a manufacturer of solar pumps and an Engineering, Procurement, and Construction (EPC) contractor, has entered the power transmission and distribution (T&D) sector by securing a contract worth over Rs 2.3 billion from Jharkhand Bijli Vitaran Nigam Limited (JBVNL). The project involves electrifying 60,000 rural households in Chatra and Palamu under the Mukhyamantri Ujjawal Jharkhand Yojana, with completion set for two years. Survey work begins in August 2024, with execution starting…

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Delhi flags off 320 E-buses 

India, News

The Government of Delhi has flagged off 320 electric buses, increasing the city’s e-bus fleet to 1,970. Delhi now has the highest number of electric buses in India and is third globally. The Delhi Transport Corporation (DTC) fleet includes 7,683 buses, with 1,970 being electric and the rest CNG. The new e-buses, stationed at Sukhdev Vihar, Kalkaji, and Naraina depots, help achieve the goal of having 25 per cent of electric buses in the fleet….

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Rolls-Royce SMR clears GDA step 2

Global, News

Rolls-Royce’s small modular reactor (SMR) has passed Step 2 of the UK’s Generic Design Assessment (GDA), progressing to the final phase. This evaluation ensures nuclear designs meet safety, security, and environmental standards. Rolls-Royce’s SMR aims to be the first new UK-designed nuclear power station in decades, generating low-carbon electricity for one million homes over 60 years. The project is part of the Great British Nuclear SMR selection process. Rolls-Royce also partnered with the University of…

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Surge in renewables turns electricity prices negative

Global, News

The surge in solar panels and wind turbines is leading to an increase in negative wholesale electricity prices. This phenomenon, occurring in regions such as southern Australia, southern California, France, and Switzerland, happens when production exceeds demand. For example, in southern Australia, negative prices have been recorded about 20 per cent of the time since last year. Southern California saw negative prices over 20 per cent of the time in the first half of 2024,…

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Decommissioning Coal-Based Plants in India

Analysis, Features

The proportion of installed capacity from coal/lignite has decreased from 55 per cent in 1947 to 50 per cent in 2024, but it still dominates, accounting for 50 per cent of installed capacity and 73 per cent of generation as of March 2024. Central Electricity Authority (CEA) projects coal/lignite will still comprise 32 per cent of installed capacity by 2030. Coal-based plant installations surged between 2007 and 2017, driven by high spot prices in power…

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Hydropower: Achieving Global Renewable Energy Targets

Analysis, Features

At the 28th Conference of the Parties to the United Nations Framework Convention on Climate Change (UNFCCC) in Dubai, global governments pledged to triple renewable generation capacity from 3.8 TW in 2022 to 11.2 TW by 2030. This increase in variable renewables poses grid security and flexibility challenges. Hydropower, among low-carbon options, is the most versatile and cost-effective solution for grid stability. Its key strengths are flexibility and resilience, complementing variable renewables with services ranging…

Global

News Subsections News India Global Cadeler secures turbine installation contract fir UK’s EA 2 wind farm November 7, 2024 Cadeler has signed firm contracts for transporting and installing 64 offshore wind turbines, each with a capacity of 15 MW, along with their foundations for the East Anglia 2 (EA2) wind farm, a 960 MW project in the UK.  The contract value for… E2E Energy and Novus Earth to develop geothermal project in Canada November 7,…

India

News Subsections News India Global Socomec launches compact automatic transfer switching equipment September 10, 2024 Socomec India has unveiled its latest innovation, the “ATyS a M” pre-programmed Automatic Transfer Switching Equipment (ATSE), designed for commercial establishments, high-rise buildings, industries, and sectors like healthcare and hospitality. This… NCT approves TBCB route for Rs 100 billion interstate transmission projects September 10, 2024 The National Committee on Transmission (NCT), in its 22nd meeting on August 23, 2024, recommended…