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TotalEnergies launches pilot project for floating wind turbine in North Sea

Global, News

TotalEnergies has initiated a pilot project to provide renewable energy to an oil and gas platform in the North Sea through a 3 MW floating wind turbine. The turbine will be located 2 km west of the Culzean platform, which is situated 220 km off the eastern coast of Scotland. It is expected to supply approximately 20% of the Culzean platform’s power requirements, supplementing the electricity generated by existing gas turbines. The floating wind turbine…

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NTPC plans major nuclear expansion with new subsidiary

India, News

NTPC Limited is planning an expansion into nuclear energy by establishing NTPC Nuclear Power Company, a 100% subsidiary. The company is exploring sites in multiple states for new nuclear units as part of its strategy to achieve a carbon-neutral economy, integrating renewables, nuclear power, green hydrogen, green mobility, energy storage, and waste-to-energy, with low-emission thermal power at its core. NTPC’s first nuclear project, in collaboration with Nuclear Power Corporation of India Limited (NPCIL), will be…

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IREDA secures international credit rating from S&P Global

India, News

The Indian Renewable Energy Development Agency (IREDA) has received an international credit rating from S&P Global Ratings Limited, achieving a ‘BBB-’ long-term and ‘A-3’ short-term issuer credit rating. The outlook for IREDA has been designated as ‘Stable’. This rating will facilitate IREDA’s access to funding and support its expansion into international markets. In July 2024, IREDA announced plans to invest approximately Rs 2.9 billion in a 900 MW hydroelectric power project in Nepal. Earlier, in…

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NCT approves six new projects worth Rs 96.7 billion

India, News

The National Committee on Transmission (NCT) recently recommended six interstate transmission system (ISTS) schemes with a total project outlay of nearly Rs 96.7 billion, to be implemented under the tariff-based competitive bidding (TBCB) mechanism. These schemes aim to enhance India’s power transmission infrastructure across various states. The first scheme focuses on developing a transmission system to supply power to green hydrogen and ammonia manufacturing in the Kandla area of Gujarat, with a planned capacity of…

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US-India Civil Nuclear Commerce meeting underscores deepening collaboration in science and clean energy

India, News

Union Minister Dr. Jitendra Singh chaired a crucial bilateral meeting on US-India Civil Nuclear Commerce at Prithvi Bhavan, focusing on the expanding partnership between the two countries in science, technology, and clean energy. During the meeting, Dr. Singh announced that an Indian astronaut from the Gaganyaan Mission would soon join the International Space Station, marking a significant milestone in Indo-US space collaboration. Dr. Singh emphasized the importance of the US-India partnership in securing global supply…

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India, Singapore to discuss semiconductors

India, News

A high-level meeting between senior ministers of India and Singapore has laid the groundwork for an upcoming visit to Singapore by Prime Minister Narendra Modi, Singapore’s Foreign Minister Vivian Balakrishnan announced.   During this meeting, new areas of collaboration, such as advanced manufacturing, semiconductors, aviation, and maritime connectivity, were added to the ISMR agenda. The Singaporean foreign minister emphasized the potential of collaborating in the semiconductor industry, a key area for India’s expansion, where Singapore has…

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Government approves BioE3 policy to boost biomanufacturing

India, News

The Union Cabinet has approved the BioE3 (Biotechnology for Economy, Environment, and Employment) Policy, proposed by the Department of Biotechnology, aimed at fostering high-performance biomanufacturing in India. The BioE3 policy focuses on innovation-driven support for research and development (R&D) and entrepreneurship across various thematic sectors. It aims to accelerate technology development and commercialization by establishing biomanufacturing and Bio-AI hubs, as well as biofoundries.   This policy will further reinforce government initiatives such as achieving a ‘Net…

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India’s industrial sector sees surge in natural gas consumption: IEEFA 

India, News

India’s natural gas consumption has rebounded significantly from the post-COVID-19 slump, with small-to-medium scale industries leading the charge. According to a recent report by the Institute for Energy Economics and Financial Analysis (IEEFA), sectors such as tea plantations, manufacturing, liquefied petroleum gas (LPG) shrinkage, and sponge iron have driven this resurgence. Although the power sector has seen an increase in gas use for peak demand over the past two fiscal years, it has not yet…

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Climate measures alone are not enough to cut emissions, study finds

Global, News

A study published in the journal Science shows that stand-alone climate measures like taxes or subsidies are ineffective in significantly reducing greenhouse gas emissions. Analyzing 25 years of policies in 41 countries, the study found only 63 out of 1,500 policies led to substantial emission reductions, averaging 19 percent. The research, led by the Potsdam Institute for Climate Impact Research and Mercator Research Institute, highlights that bans on coal plants or combustion engines alone don’t…

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California establishes centralized strategy for clean energy procurement

Global, News

The California Public Utilities Commission (CPUC) has introduced a centralized procurement strategy to boost clean energy, aiming to secure up to 10.6 GW of long-duration energy resources. The California Department of Water Resources (DWR) will handle procurement, targeting 7.6 GW of offshore wind, 1 GW of geothermal energy, 1 GW of multi-day long-duration energy storage, and 1 GW of long-duration energy storage with at least a 12-hour discharge period. The CPUC chose these technologies for…