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JERA Nex and Catalyst Energy partner for clean energy deployment in US

Global, News

Renewable energy firm JERA Nex has formed a strategic partnership with Catalyst Energy Partners (CEP) to accelerate clean energy deployment across the United States. This collaboration aims to develop, construct, own, and operate new utility-scale renewable energy facilities, leveraging existing grid infrastructure alongside conventional power plants. Through this partnership, JERA Nex will provide financial backing, strategic insights, and operational expertise to support CEP’s clean energy projects. CEP brings a portfolio of development-stage renewable assets and…

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Genus Power reports Rs 317.76 billion order book as of Q2FY25

India, News

Genus Power Infrastructures Ltd announced an outstanding order book of Rs 317.76 billion (net of taxes) as of September 30, 2024, including orders from the GIC platform and all company SPVs. This robust order book comprises long-term smart metering concessions of 8-10 years. Commenting on the company’s Q2FY25 performance, Joint Managing Director Jitendra Kumar Agarwal highlighted the strategic advantage provided by this strong order book. Execution is expected to ramp up in Q3FY25, with increasing…

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Thiruvananthapuram wins UN Habitat Global Award for Sustainable Development in Cities

India, News

Thiruvananthapuram Municipal Corporation has been awarded the prestigious Global Award for Sustainable Development in Cities, a recognition led by the United Nations Human Settlements Programme (UN Habitat) and the Shanghai Municipality.  This award celebrates significant achievements by cities in implementing sustainable urban development under the new urban agenda. Thiruvananthapuram is the first Indian city to receive this honour, joining four other award-winning cities: Agadir (Morocco), Melbourne (Australia), Doha (Qatar), and Iztapalapa (Mexico). Mayor Arya Rajendran…

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Trom Industries secures Rs 330 mn solar projects from Gujarat Metro Rail and Corona Remedies

India, News

Solar EPC firm Trom Industries Ltd has announced solar project contracts valued at Rs 330 million from Gujarat Metro Rail Corporation (GMRC) and Corona Remedies. Trom Industries secured a Rs 207 million work order from GMRC to install and maintain a 5MW grid-connected rooftop solar system across 15 metro stations in Ahmedabad for five years. Project supply will commence this year in phases. Additionally, Trom Industries received a Rs 124 million order from Corona Remedies…

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Tata Power reduces AT&C losses in Odisha distribution business in H1 FY25

India, News

Tata Power reported reduced Aggregate Technical & Commercial (AT&C) losses in its Odisha power distribution business during the first half of FY25.  The investor presentation indicated improvements in two of the four discoms, TPCODL and TPSODL, while AT&C losses in TPWODL remained constant and slightly increased in TPNODL.  Overall, AT&C losses across the Odisha discoms, weighted by electricity purchase volume, decreased to 22.6% in H1 FY25 from 23.9% in H1 FY24. Electricity purchases rose to…

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NTPC’s NETRA develops indigenous catalyst for CO2 to methanol conversion

India, News

NTPC‘s R&D division, NETRA, in collaboration with the Indian Institute of Petroleum (IIP) Dehradun, has developed an indigenous catalyst for converting CO2 into methanol.  This catalyst, crucial for chemical synthesis, facilitates CO2 hydrogenation and is currently being tested in a 10 kg/day methanol pilot plant. In this process, 1 mole of CO2 and 3 moles of H2 are passed through a fixed-bed downflow reactor, producing methanol with over 99% purity. This initiative represents NTPC’s commitment…

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MEIL and BESCOM ink 618 MW solar power agreement under PM KUSUM

India, News

MEIL Solar Energy, a subsidiary of Megha Engineering & Infrastructures Limited (MEIL), has signed power purchase agreements (PPAs) with Bangalore Electricity Supply Company (BESCOM) to supply solar power from 76 projects with a cumulative capacity of 618.1 MW.  These projects will operate under Component C of the Pradhan Mantri Kisan Urja Suraksha evam Utthaan Mahabhiyan (PM-KUSUM) programme, following the renewable energy service company (RESCO) model. MEIL Solar Energy will construct the necessary 11 kV transmission…

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Apar Industries reports 25% YoY growth in transformer oil volume for Q2FY25

India, News

Apar Industries recorded a 25% year-on-year increase in transformer oil volume in Q2FY25, driven by robust global demand. For the first half (H1) of FY25, transformer oil volume rose by 22.7%. Performance across other segments: ConductorsVolume growth remained flat in Q2FY25, primarily due to reduced exports amid increased competition from China and slow overseas demand. The export mix dropped to 18.7% from 48.3% in Q2FY24. Despite these challenges, premium products represented 42.2% of revenue in…

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Tata Power partners with IndusInd Bank to finance solar installations for MSEs

India, News

Tata Power Renewable Energy (TPREL) has partnered with IndusInd Bank to provide collateral-free solar financing options for micro and small enterprises (MSEs), offering loans ranging from Rs 1 million to Rs 20 million.  This partnership aims to support MSEs in adopting solar energy, reducing operational costs, and contributing to the green energy transition. Both public and private lenders are increasingly collaborating with solar companies to offer financing for commercial and residential projects. Last week, Solex…

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US DOE allocates $474m for grid resilience for fiscal year 2024

Global, News

The US Department of Energy (DOE) has allocated $474 million in grid resilience funding for fiscal year 2024 (FY24) to enhance the power grid’s resilience across 49 states, five territories, 254 tribal nations, and the District of Columbia.  Supported by the Bipartisan Infrastructure Law, the funding aims to strengthen power grids against extreme weather events intensified by climate change, as part of the Biden-Harris Administration’s commitment to reliable, clean, and affordable electricity. This funding, administered…