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Oriana Power secures Rs 2.48 billion solar project from BPCL

India, News

Oriana Power has won a Rs 2.48 billion contract from Bharat Petroleum Corporation (BPCL) to execute a 52 MW ground-mounted solar power project on an EPC basis. The project scope includes securing CTU approval, establishing transmission lines, and providing complete operations and maintenance (O&M) support for five years. Currently, Oriana Power has more than 390 MW of cumulative capacity under execution and has delivered over 240 MW of projects to date. The company also has…

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Tata Chemicals partners with BAIF for sustainable agriculture initiatives

India, News

Tata Chemicals Limited (TCL) has signed a memorandum of understanding (MoU) with BAIF Development Research Foundation to explore the production of Spineless Cactus and Hybrid Napier, reinforcing Tata Chemicals’ commitment to green sustainable solutions and rural development. This partnership aims to combine BAIF’s expertise in agricultural practices, agro-biodiversity conservation, climate-smart agriculture, and renewable energy with Tata Chemicals’ capabilities in nutrition biosciences, nanotechnology, agrochemistry, and rapid R&D translation for scalability. The collaboration will focus on developing…

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Gensol-Matrix consortium emerges as L1 for India’s first hydrogen project

India, News

Gensol Engineering, in partnership with green hydrogen infrastructure developer Matrix Gas & Renewables, has emerged as the lowest bidder (L1) for India’s first biomass-to-green hydrogen project. The Rs 1.64 billion project aims to establish a facility capable of processing 25 TPD (tonnes per day) of bio-waste to produce 1 TPD of green hydrogen. The consortium has teamed up with Westinghouse, USA, known for its experience in commissioning plants globally, to use its pre-gasification plasma-induced radiant…

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China to host summit to increase clean tech exports to African nations

Global, News

Chinese President Xi Jinping will host the ninth Forum on China-African Cooperation Summit on August 4, aiming to encourage the 50 African nations in attendance to purchase more of China’s renewable energy technologies, according to Reuters. In return, China pledges to increase loans and investments across the continent, focusing on green energy. China is keen to expand its green energy tech exports, especially for electric vehicles (EVs) and solar panels, before Western tariffs come into…

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CIP’s Buffalo Plains wind farm in Canada delivers first power to grid

Global, News

Copenhagen Infrastructure Partners (CIP) has announced that its Buffalo Plains onshore wind farm in Alberta, Canada, has delivered its first power to the grid. The wind farm is expected to be fully operational by the fourth quarter of 2024. The installation of the first turbine took place in April 2024, and by the end of August, one-third of the planned 83 turbines had been erected. Once completed, Buffalo Plains will have a total capacity of…

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GUVNL issues tender for 400 MW battery energy storage system

India, News

Gujarat Urja Vikas Nigam (GUVNL) has issued a tender for the establishment of a 400 MW/800 MWh standalone battery energy storage system (BESS), with an additional greenshoe option for the same capacity. The deadline for bid submissions is October 16, 2024. The tender scope includes the setup of the BESS and its interconnection with the state transmission network. The primary goal is to ensure that the energy storage facility can be charged and discharged by…

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Massive potential in electrification transition to reduce energy use and costs: IEEFA 

India, News

The Institute for Energy Economics and Financial Analysis (IEEFA) has released a report highlighting the significant benefits of transitioning to efficient electrification. The report outlines how adopting efficient electric appliances could drastically reduce energy consumption, cut costs for households, and support broader energy security and emissions reduction goals. The report reveals that many households still use inefficient appliances, leading to higher energy consumption and expenses. By switching to efficient electric appliances, electricity demand in many…

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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,…

Company Profile: NTPC

Features

NTPC Limited, India’s largest power utility, has shown strong financial performance, significant capacity expansion, and renewable energy and nuclear power initiatives. The company achieved record highs in market capitalisation, profit, and electricity generation while advancing its commitment to sustainability and innovation. Here’s a detailed look at NTPC’s achievements and plans. Financial Performance In FY 2023-24, NTPC reported a consolidated profit after tax (PAT) of Rs 213.32 billion, a 25% increase from the previous year. The…

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Public sector’s role key to energizing sustainable bond markets in Asia: IEEFA

Global, News

The Institute for Energy Economics and Financial Analysis (IEEFA) has highlighted the crucial role of public sector involvement in advancing sustainable bond markets across the ASEAN+3 region, which includes Southeast Asia, China, South Korea, and Japan. In a recent report, IEEFA pointed out that the region’s sustainable bond markets lag behind Europe due to limited public sector participation, affecting market development and investor confidence. Europe’s success in sustainable bonds is driven by strong public sector…