Power Sector News Roundup for October 17, 2024

Power Bytes

Global: – World Bank approves USD 250 million for renewable energy in Lebanon– Masdar and Presight to launch AI tool for managing RE assets globally– Fugro to site investigate Rhein-Main-Link offshore wind cable project in Germany– Sumitomo and CEP Solar to deliver 1.5GW of clean energy projects in Virginia– Ignitis Group to bid in Lithuania’s second offshore wind tender – Quinbrook signs offtake agreements with Tesco and Shell for Cleve Hill Solar Park– VNG AG…

Power Sector News Roundup for October 8, 2024

Power Bytes

Global: Malaysia’s power utility partners with Keppel to supply 100 MW in cross-border deal Taihan Cable secures contract for Singapore’s 400 kV power grid Runergy launches solar module manufacturing facility in US EET to develop UK’s first large-scale low-carbon hydrogen hub CWP Global to develop 600 MW green hydrogen project in Angola India: IEX posts 24% growth in trading volume, REC prices hit all-time low in September 2024 GAIL, AM Green signs MoU to jointly…

Power Sector News Roundup for October 3, 2024

Power Bytes

Global: Iran and Tajikistan are in discussions to enhance cooperation in electricity, water, and other key sectors. Masdar expands in US with 50 per cent acquisition of Terra-Gen Big Tech are spurring demand for SMRs and fusion reactors Brazilian mining giant Vale and European hydrogen company Green Energy Park (GEP) announce collaboration to build green hydrogen production facility in Brazil Newcleo secures €135m investment, plans further European expansion First nuclear plant recommissioned in US history…

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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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NHPC declares winners of 1.2 GW ISTS solar projects

India, News

NHPC Limited has announced the winners for the development of 1.2 GW inter-state transmission system (ISTS)-connected solar power projects in India. The successful bidders include Essar Renewables (300 MW), Jevargi Solar (Rays Infra) (200 MW), Onward Solar (50 MW), Avaada Energy (350 MW), and Mahindra Susten (300 MW). Essar Renewables, Jevargi Solar, and Onward Solar quoted a tariff of Rs 2.56 per kWh, while Avaada Energy and Mahindra Susten quoted Rs 2.57 per kWh. The…

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Indian metal companies race to secure renewable energy amid EU carbon regulations

India, News

Indian steel and metal companies are rushing to secure renewable energy deals to cut carbon emissions and avoid penalties under the EU’s upcoming Carbon Border Adjustment Mechanism (CBAM). This demand extends beyond large steel and aluminium companies to their suppliers, aiming to reduce emissions across their supply chains. Renewable energy providers report that demand outstrips current capacity, with new projects already sold out for the next few years. Avaada chairman Vineet Mittal indicated that due…

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SECI announces winners for 1.5 GW electrolyser manufacturing auction

India, News

The Solar Energy Corporation of India Limited (SECI) has announced the winners for tranche 2 (Envelope-2 opening) of its electrolyser manufacturing auction, totaling 1,500 MW in capacity. These projects will be developed under the Strategic Interventions for Green Hydrogen Transition (SIGHT) scheme, with awards divided across three different buckets. Bucket 1, the largest category, allocated 1,100 MW of electrolyser manufacturing capacity based on any stack technology. Waaree Energies secured the largest share with 300 MW,…

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NTPC invites bids for 1,200 MW wind-solar hybrid project

India, News

NTPC has issued a tender for the supply of 1.2 GW of power from inter-state transmission system (ISTS) connected wind-solar hybrid projects in India, with a greenshoe option for an additional 600 MW capacity. The project will be executed on a build, own, operate basis. Interested bidders must submit their bids by October 8, 2024, and a reverse auction will determine the final supplier. According to the tender guidelines, all bidders must pay Rs 22,500…

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India adds 4,089 MW of solar module capacity to ALMM

India, News

The Ministry of New and Renewable Energy (MNRE) has expanded the Approved List of Models and Manufacturers (ALMM) by adding 4,089 MW of new solar module capacity. New companies added to the list include Avaada Electro, Laxmi Solar Power System, and Uratom Solar, contributing 554 MW, 121 MW, and 46 MW, respectively. Additionally, three existing companies—Tata Power Solar, Jakson Engineers, and SASA Energy—have increased their capacity in the list by 2,697 MW, 662 MW, and…

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Thirteen companies shortlisted for subsidies under SIGHT scheme for green hydrogen electrolysers

India, News

Thirteen companies, including Adani Enterprises, Waaree Energies, Ohmium Operations, and Avaada Electrolysers, have been shortlisted to receive subsidies under the second tranche of the Strategic Interventions for Green Hydrogen Transition (SIGHT) scheme. This scheme, part of the National Green Hydrogen Mission, aims to promote the manufacturing of electrolysers in India. The SIGHT scheme has a total outlay of Rs 174.9 billion, with Rs 22 billion allocated for this second tranche. The Solar Energy Corporation of…