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AVVNL invites bids for 269 MW solar projects under PM KUSUM

India, News

Ajmer Vidyut Vitran Nigam Limited (AVVNL) has issued a bid invitation for 269 MW of grid-connected solar projects under Component A of the Pradhan Mantri Kisan Urja Suraksha evam Utthaan Mahabhiyan (PM KUSUM) scheme. The submission deadline is set for November 29, 2024. This project includes the design, supply, installation, testing, commissioning, and a 25-year operations and maintenance plan, with provisions for connecting the systems to 33/11 kV substations.

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Westinghouse and Hyundai sign contract for reactors in Bulgaria

Global, News

A consortium of Westinghouse Electric Company and South Korea’s Hyundai Engineering & Construction has secured an engineering services contract with Bulgaria’s Kozloduy NPP-Newbuild.  This contract advances the project beyond the front-end engineering and design phase towards the construction of two AP1000 nuclear reactors at the Kozloduy site. The AP1000, a Generation III+ reactor known for its passive safety systems and modular design, will play a central role in Bulgaria’s energy diversification and security efforts.  The…

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Waaree Renewable posts robust Q2 growth with Rs 5,244.7 million revenue

India, News

Waaree Renewable Technologies Limited (WRTL), the solar EPC arm of Waaree Group, reported Q2 FY25 revenue of Rs 5,244.7 million, a 249.50% increase from Rs 1,500.6 million in Q2 FY24. Profit after tax (PAT) stood at Rs 535.2 million, while its unexecuted order book remains at 1.7 GWp with a 9-12 month timeline. For H1 FY25, revenue reached Rs 7,608.2 million, up 172.70% year-on-year, with an EBITDA of Rs 1,126.5 million, marking a 155.56% increase….

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Solar Industries secures Rs 8.87 billion order from Singareni Collieries

India, News

Solar Industries India has received an order worth Rs 8.87 billion from Singareni Collieries Company (SCCL) to supply SME explosives, LDC explosives, and initiating systems for overburden blasting over two years.  This contract bolsters Solar Industries’ position in the mining explosives market and adds to its order book for the coming two years.  SCCL, one of India’s largest coal producers, is a government-owned mining corporation under the Department of Energy, Government of Telangana.

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Airox Nigen expands with 1 MW green hydrogen system in Russia

India, News

Airox Nigen has launched a 1 MW green hydrogen system in Russia, marking a significant step in its global expansion and commitment to environmental sustainability.  This system, designed to produce hydrogen without greenhouse gas emissions, aligns with Airox Nigen’s strategy to strengthen its international presence and contribute to the global shift towards renewable energy.  Through these installations, the company aims to reduce carbon footprints and support climate change mitigation efforts across diverse markets.

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Avantus sells Catclaw Solar and Energy Storage Project to DESRI

Global, News

Avantus has announced the sale of its Catclaw Solar and Energy Storage Project to D.E. Shaw Renewable Investments (DESRI). Situated in Buckeye, Arizona, the Catclaw project includes up to 225 MWac of solar power and 250 MW/1,000 MWh of energy storage, accompanied by a long-term Power Purchase Agreement (PPA) with Arizona Public Service (APS). Avantus spearheaded the initial development, handling interconnection, site acquisition, permitting, commercial negotiations with APS, and securing key equipment like batteries.  Catclaw…

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NTPC to establish world’s first green hydrogen plant using plasma oxy gasification

India, News

NTPC Limited, through its R&D arm NETRA, is set to build a green hydrogen production plant that will use plasma oxy gasification technology for municipal solid waste (MSW) and agri-waste.  This pioneering plant will generate high-purity hydrogen (over 99.9%) through plasma-assisted ‘oxy gasification’ of MSW-RDF/agri-waste, creating a superior synthesis gas (syn-gas). From this, hydrogen is separated using a combination of gas membrane and pressure swing adsorption techniques. This plant, which is the world’s first of…

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JDVVNL issues tender for 333.5 MW solar projects under PM KUSUM

India, News

Jodhpur Vidyut Vitran Nigam Limited (JDVVNL) has issued a tender for developing 333.5 MW of solar power projects, including 11 kV transmission lines and remote monitoring systems, under Component A of the PM KUSUM program. The bid submission deadline is November 29, 2024. The projects are to be commissioned within nine months of the work order, and developers are tasked with 25-year operations and maintenance, alongside a 25-year power purchase agreement (PPA) at Rs 3.04…

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Asia to spend over USD 20bn on EVs: Report

Global, News

Developing an electric vehicle (EV) industry in South and Southeast Asia will require significant investment, with S&P Global Ratings estimating more than US$20 billion in spending by rated carmakers over the next few years.  Chinese EV manufacturers are expected to lead the expansion, viewing the region as a key growth market and a strategic hub for exporting to Europe, where Chinese-made EVs face high import tariffs. S&P Global Ratings credit analyst Claire Yuan noted that…

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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…