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Impact of Green Hydrogen Production on India’s Power System

Analysis, Features

Green hydrogen (GH2) is set to play a pivotal role in India’s path toward decarbonization. The country’s goal of producing 5 million tonnes of green hydrogen annually by 2030 is a key part of its strategy to reduce greenhouse gas emissions. This shift will require significant changes in India’s power system, particularly in the integration of renewable energy sources and grid flexibility. Below is a detailed analysis of the necessary adjustments to meet the rising…

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NMMC to expand renewable energy use with $450 million solar initiative

Global, News

Navoi Mining and Metallurgical Company (NMMC), Central Asia’s largest gold producer, is ramping up its renewable energy efforts as part of Uzbekistan’s push to increase renewable energy’s share to 40% by 2030. NMMC has launched a $450 million program to expand solar power installations across its operations. In the first half of 2024, NMMC installed photovoltaic panels at 21 industrial sites, totaling 5,750 kW, generating up to 9.7 million kWh of electricity annually. An additional…

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Renewable energy developers commit massive capacity investments at RE-Invest 2024

India, News

At the RE-Invest event in Gandhinagar, Gujarat, several renewable energy developers have made significant capacity creation commitments as part of their “Shapath Patra” agreements with the government. Reliance Industries (RIL) has pledged to set up 100,000 MW of additional renewable capacity by 2030, alongside manufacturing 20,000 MW per year of integrated solar PV and equivalent glass capacity. Other major commitments include: NTPC Ltd: 41,300 MW ReNew: 40,000 MW Adani Green Energy: 38,300 MW Hero Future…

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India’s tunnelling projects surge: 69 tunnels under construction at Rs 400 billion investment

India, News

India is ramping up its tunnelling infrastructure with 69 tunnels covering 134 km currently under construction, backed by a Rs 400 billion investment, as announced by Union Minister for Road Transport and Highways, Nitin Gadkari, at FICCI’s Tunnelling India conference. Additionally, 35 tunnels totalling 49 km have been completed, with Rs 150 billion spent. The government plans to build 74 more tunnels spanning 273 km, with a projected investment of Rs 1,000 billion. Gadkari stressed…

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China’s coal stockpiles soar, signalling shift in energy landscape

Global, News

China is experiencing a rapid buildup of coal stockpiles, with inventories reaching over 635 million tons by the end of June, up from below 90 million tons during the 2021 electricity supply crisis. This surge, fueled by increased domestic production and imports, may push coal prices lower during the typical autumn slowdown, affecting miners globally. The surge stems from China’s response to the 2021 energy crisis, where coal shortages led to power cuts. In response,…

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Grasim acquires stakes in SPVs for solar power development at Karnataka and Tamil Nadu plants

India, News

Grasim Industries Limited has acquired 26% equity stakes in two special purpose vehicles (SPVs), AMPIN Energy C&I Three Private Limited and AMPIN Energy C&I One Private Limited, to develop solar power facilities at its plants in Chamarajanagar, Karnataka, and Cheyyar, Tamil Nadu. Grasim Industries will invest up to Rs 12 million for the Chamarajanagar plant and Rs 12.6 million for the Cheyyar plant. Each SPV will develop a captive solar power generation facility with a…

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First Solar’s Q2 profit soars amid strong demand and favourable policies

Global, News

First Solar, US, reported that its second-quarter (Q2) profit more than doubled, benefiting from stable demand for its products. The company’s cadmium telluride solar panels are favoured by developers due to their independence from polysilicon, a material predominantly produced in China and used in most solar panels. US utilities are ramping up infrastructure investments as power consumption in the world’s largest economy is projected to hit record highs in 2024 and 2025, driven by the…