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KEC International achieves record order book of Rs 425 billion

India, News

KEC International Ltd has recorded its highest-ever order book, including L1 positions, reaching over Rs 425 billion as of November 5, 2024. The confirmed order book stands at Rs 340.88 billion, with an L1 position valued at around Rs 85 billion. From April 1 to November 5, 2024, KEC’s order inflow reached Rs 134.82 billion, marking a 50% growth over the same period in FY24. This inflow is split evenly between domestic and international orders….

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Premier Energies’ subsidiaries receive orders worth Rs 5.6 bn

India, News

Premier Energies International and Premier Energies Photovoltaic, subsidiaries of Premier Energies, have received and accepted multiple orders totalling Rs 5.6 billion.  Two large independent power producers (IPPs) and others have awarded the contracts. These orders comprise Rs 5.13 billion for solar modules and Rs 470 million for solar cells.  The supply of these modules will commence in December 2024 and is expected to conclude by May 2025.

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IEA report forecasts US$2 trillion clean energy market growth, challenging oil industry dominance

Global, News

The International Energy Agency’s (IEA) Energy Technology Perspectives 2024 report predicts rapid expansion in the clean energy market, with investments in solar PV, wind, electric vehicles, batteries, electrolysers, and heat pumps expected to triple by 2035, reaching over US$2 trillion.  This anticipated growth could rival the economic scale of the global oil market, marking a pivotal shift towards a sustainable economy. IEA Executive Director Fatih Birol highlighted the interlinking of energy, industry, and trade policies…

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Squadron receives approval for 700MW Spicers Creek Wind Farm in NSW

Global, News

Tattarang’s Squadron Energy has secured approval from the New South Wales Independent Planning Commission (IPC) to construct the Spicers Creek Wind Farm, a 700MW renewable energy project in Wiradjuri Country, 25km north-east of Wellington within the Central-West Orana Renewable Energy Zone (CWO REZ).  The project will include up to 117 wind turbines, battery storage, and supporting infrastructure, marking it as one of the largest wind farms approved in NSW. Once operational, Spicers Creek is expected…

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Recurrent Energy signs two tolling agreements with APS

Global, News

Canadian Solar’s subsidiary Recurrent Energy has signed two 20-year tolling agreements with Arizona Public Service Company (APS), set to boost Arizona’s renewable energy capacity by 2026.  The agreements cover the Desert Bloom Storage (600MWh) and Papago Solar (150MWac) projects, both located in Maricopa County, with construction starting in 2025 and operations slated for 2026. These projects join last year’s 20-year tolling agreement for the 1,200MWh Papago Storage project, which will become Arizona’s largest standalone energy…

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Hitachi Energy achieves record order backlog of Rs 89.1 billion

India, News

Hitachi Energy India Ltd reported a record-high order backlog of Rs 89.1 billion as of September 30, 2024, marking unprecedented revenue visibility for upcoming quarters.  Orders for the quarter ending September 30 totalled Rs 19.52 billion, reflecting an 11.7% year-on-year increase, driven largely by renewable projects in utilities, power quality, and substations.  Notable contributions also came from expansions and efficiency upgrades in existing plants, with significant orders from the transformer and power quality sectors spanning…

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NTPC Green receives SEBI approval for Rs 100 billion IPO

India, News

NTPC Green Energy, a subsidiary of NTPC Ltd, has received final approval from the Securities and Exchange Board of India (SEBI) to proceed with its Rs 100 billion initial public offering (IPO).  As India’s largest public sector renewable energy enterprise (excluding hydro) by capacity and power generation in FY 2024, NTPC Green Energy initially filed its IPO documents with SEBI on September 18, 2024. As of June 30, 2024, NTPC Green Energy managed 37 solar…

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Skipper achieves record-high order book of Rs 65.9 billion

India, News

Skipper Ltd announced its highest-ever closing order book of Rs 65.9 billion, with 85% from domestic orders and 15% from exports. The company recorded an order inflow of Rs 16.6 billion in Q2 FY25 (July to September 2024), with key domestic contracts from Power Grid Corporation of India Ltd (PGCIL) and state electricity boards. Export orders primarily came from North and South America. Year-to-date order inflows from April 1 to October 28, 2024, totaled Rs…

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RECPDCL issues RFP for 4.5 GW renewable power transmission project

India, News

REC Power Development and Consultancy Limited (RECPDCL) has issued a Request for Proposal (RFP) for an interstate transmission system (ISTS) project to evacuate 4.5 GW of renewable energy from the Kurnool-IV Renewable Energy Zone (REZ) Phase 1 in Andhra Pradesh. The bid submission deadline is set for December 30, 2024. This RFP follows a recent RECPDCL tender to establish an ISTS project for expanding the pumped hydro storage network near Talegaon, Pune, Maharashtra.

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EAC recommends environmental clearance for Raipur and Anuppur thermal projects

India, News

The Expert Appraisal Committee (EAC) under India’s Ministry of Environment, Forest and Climate Change (MoEFCC) has recommended environmental clearance (EC) and Terms of Reference (ToR) for two ultra super-critical thermal power projects by Adani Power Limited (APL): the 1,600 MW Raipur (Raikheda) Thermal Expansion Project and the 3,200 MW Anuppur Thermal Power Plant.   1,600 MW Raipur (Raikheda) Ultra Super-Critical Expansion:This expansion project will add 1,600 MW (2×800 MW) to the existing 1,370 MW coal-based thermal…