India’s power demand is set to increase at a rate of 15 GW per year over the next six years, up from 11 GW per year over the past decade, according to Srikant Nagulapalli, Additional Secretary for Power. Speaking at an Industry Conclave organized by IEEMA, Nagulapalli highlighted that by 2030, an additional 85 GW of demand will be added during solar hours, with more than 90 GW added to peak demand during non-solar hours….
The Andhra Pradesh government will soon unveil an ‘Integrated Renewable Energy Policy,’ following Brookfield’s announcement to invest over Rs 500 billion in the state over the next three to five years. The policy will cover solar, wind, hybrid energy, energy storage, green hydrogen, biofuels, and electric vehicle charging infrastructure. Brookfield’s joint venture with Axis Energy, Evren, plans to install a total of 8,873 MW of solar and wind capacity in Andhra Pradesh. State Minister Nara…
Hyundai Motor will establish a dedicated Hydrogen Innovation Center at the Thaiyur campus of IIT Madras with an estimated investment of Rs 1.8 billion. The foundation for this project was laid by Chief Minister M K Stalin on August 21 during the Tamil Nadu Investment Conclave. The state-of-the-art facility, spanning approximately 65,000 square feet on the outskirts of Chennai, will focus on developing electrolyzers for green hydrogen generation and localizing manufacturing and supply chains. Scheduled…
Brookfield, a global real assets firm, has proposed an investment of over Rs 500 billion in Andhra Pradesh over the next three to five years, focusing on renewable energy projects, particularly in wind and solar power. Evren, a clean energy platform promoted by Brookfield and Axis Energy, committed to the investment during the meeting. The company plans to install 1,380 MW of solar power and 1,640 MW of wind power by 2026, with additional capacities…
Karnataka has emerged as a leader in India’s electric vehicle (EV) revolution, with the highest number of public EV charging stations in the country, according to the Bureau of Energy Efficiency (BEE). The state has set up 5,765 charging stations, with 85% (4,462) located in Bengaluru Urban district, surpassing other states like Maharashtra (3,728 stations), Uttar Pradesh (1,989 stations), and Delhi (1,941 stations). These charging stations have been established through various funding sources, including the…
German energy company BayWa r.e. has completed the construction of two solar clusters on former military bases in Central and South-West France, totaling 136 MWp across 151 hectares. The clusters consist of five solar farms, set on the La Martinerie base near Châteauroux and the Fontenet base in Charente-Maritime. The La Martinerie site hosts two solar parks: the 40 MW Greenberry farm, recently commissioned, and the 30 MW Blueberry farm, operational from 2021. Together, they…
The European Bank for Reconstruction and Development (EBRD) and Raiffeisen Bank International are jointly providing a €110 million financing package to develop two solar photovoltaic power plants in south-eastern Romania, with a combined capacity of around 300 MW. The Iepuresti and Ghimpati projects reflect growing confidence in Romania’s renewable energy sector, spurred by recent regulatory reforms supporting the country’s ambitious green energy goals. The financing package includes a €55 million loan from EBRD, matched by…
Japan’s Sumitomo Corporation has acquired an equity stake in EEW Offshore Wind Holding, a move aimed at enhancing its monopile manufacturing capabilities for the offshore wind sector. This strategic partnership leverages Sumitomo’s expertise in the international steel market and EEW’s specialization in offshore wind energy infrastructure. Sumitomo’s General Manager of Steel Products SBU, Takuro Horikoshi, emphasized the alignment of this investment with the company’s commitment to green transformation and the global shift to renewable energy….
Three developers—Power Grid Corporation of India Ltd (PGCIL), Sterlite Power, and Adani Energy Solutions Ltd (AESL)—have qualified for the opening of initial price bids for the ISTS-TBCB scheme under “Navinal Transmission Ltd.” The bidding process, coordinated by PFC Consulting Ltd (PFCCL), began in May 2024 and will soon move to the e-reverse auction (e-RA) phase. The project, officially termed the “Network expansion scheme in Navinal (Mundra) area of Gujarat for drawl of power in the…
Danish renewable energy producer Ørsted has announced the cancellation of its FlagshipOne green hydrogen-to-methanol project, despite reporting increased operating profits for the first half (H1) of 2024. Operating profit for Ørsted reached DKr14.1 billion in H1 2024, up from DKr10.2 billion in the same period of 2023. The company’s interim report, released on 15 August, highlighted growth in earnings from offshore facilities and the commissioning of 2 gigawatts (GW) of renewable energy capacity. Group President…
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