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Tamil Nadu plans small hydropower projects on major rivers

India, News

The Tamil Nadu Green Energy Corporation (TNGEC) is planning to set up small hydropower plants on major rivers such as Cauvery and Vaigai, as well as smaller rivers like Adyar and Cooum, which will utilize the run-off water during the monsoon season. This initiative is part of the state’s new small hydropower policy. TNGEC plans to conduct feasibility studies on various riverbeds for hydropower plants with capacities ranging from 100 kW to 10 MW. These…

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JSW signs PPA with BESCOM for 300 MW solar project

India, News

JSW Renew Energy Twenty, a stepdown subsidiary of JSW Energy, has signed a power purchase agreement (PPA) with Bangalore Electricity Supply Company (BESCOM) for 300 MW of solar capacity. This project, awarded by Karnataka Renewable Energy Development (KREDL), is set to supply power at a tariff of Rs 2.89/KWh until FY 2044. Located in Pavagada Solar Park, Karnataka, the project is expected to be commissioned within the next 18 months. JSW Energy’s current solar pipeline…

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Zelestra signs 25-year deal to supply electricity from 450 MW solar project in Rajasthan to NTPC

India, News

Spanish renewable energy company Zelestra has signed a 25-year power purchase agreement (PPA) with state-owned NTPC to supply electricity from its upcoming 450 MW solar project in Rajasthan. The project is expected to generate approximately 801 GWh annually. Over the course of the agreement, the project is projected to reduce carbon emissions by 13,555,774 metric tons. This solar project is part of Zelestra India’s broader strategy to build a diverse portfolio of over 6 GW…

Why Green Hydrogen Struggles to Find Buyers

Power 101

Green hydrogen has emerged as a promising solution for achieving deep decarbonization across various industries. Despite its potential, the market for green hydrogen remains relatively underdeveloped, with only a handful of buyers actively committing to its use. This hesitancy can be traced back to several interconnected challenges, including high production costs, inadequate infrastructure, and uncertain regulatory environments. Here’s a detailed analysis of these barriers and their impact on the green hydrogen market. The High Cost…

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Australia must invest AUD 3.56 trillion to decarbonize power sector by 2030, says BNEF

Global, News

New modeling from BloombergNEF (BNEF) reveals that Australia needs to rapidly decarbonize its power sector to meet its 2050 net-zero goal, requiring an investment of AUD 3.56 trillion ($2.4 trillion) by 2030 and a 135% increase in renewable energy capacity to over 126 GW. BNEF’s New Energy Outlook report emphasizes the urgent need to transform Australia’s energy mix, phasing out all unabated coal and nearly all unabated gas generation by 2035. The country will need…

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Ørsted cancels FlagshipOne hydrogen project despite strong H1 2024 results

Global, News

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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Acwa commissions 700 MW AlRass1 solar PV project in Saudi Arabia

Global, News

Acwa Power has commissioned the 700MW AlRass1 solar photovoltaic (PV) project in Saudi Arabia. The project, located in Al Qassim province, has commenced power generation after receiving a commercial operation certificate. Acwa Power holds a 40.1% stake in the AlRass Renewable Energy Company, with Badeel, a subsidiary of the Public Investment Fund, and China’s State Power Investment holding 20% and 39.9% stakes, respectively. The financial impact of the AlRass1 project is expected to be reflected…

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OECD electricity production rises 3.7%, driven by solar power surge, renewable growth

Global, News

In May 2024, total net electricity production in the OECD reached 854.4 TWh, marking a 3.7% increase compared to the same month last year, according to the IEA Monthly Electricity Statistics. This growth was primarily driven by a strong increase in renewable energy generation, which rose by 6.6% year-on-year (y-o-y). Solar power saw the most significant growth, surging by 19.7% y-o-y, while wind power also contributed with a 5.8% y-o-y increase. Hydropower generation remained largely…

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Ofgem fast-tracks £3.4bn Anglo-Scottish electricity “superhighway”  

Global, News

The UK’s energy regulator, Ofgem, has approved the fast-tracking of the Anglo-Scottish electricity “superhighway” project, EGL2, under its Accelerated Strategic Transmission Investment (ASTI) framework. This initiative is designed to expedite 26 major grid connection projects, aiming to boost grid capacity and save an estimated £1.5 billion ($1.92 billion). EGL2 is the first of these projects to secure funding under the ASTI framework. The project will establish a 2GW high-voltage electricity cable link between Peterhead in…

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Tamil Nadu approves Rs 441.25 billion investment 

India, News

The Tamil Nadu government has approved investment proposals totalling Rs 441.25 billion, which include three major renewable energy policies aimed at boosting the state’s green energy sector. These initiatives are part of Tamil Nadu’s goal to generate 20,000 MW of renewable energy by 2030. The Cabinet, chaired by Chief Minister M.K. Stalin, approved 15 investment proposals across various sectors, expected to create over 24,700 jobs. Key projects include a Rs 213.4 billion investment by lithium-ion…