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Honeywell commissions microgrid battery energy storage system for Lakshadweep Islands project

India, News

Honeywell Automation India (HAIL) has commissioned a microgrid battery energy storage system (BESS) for the Solar Energy Corporation of India’s (SECI) project in the Lakshadweep Islands. This project marks the first non-containerized BESS approved by SECI and integrates Honeywell’s advanced Energy Management System (EMS) and microgrid controller to manage renewable energy distribution. As part of the initiative, Honeywell supplied its EMS, power plant controller, and various BESS sub-systems. The company provided an end-to-end solution for…

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IEE sees 35.8% YoY volume growth in August 2024

India, News

In August 2024, the Indian Energy Exchange (IEX) achieved a total trading volume of 12,040 MU, including certificates, marking a 35.8% year-over-year increase. The electricity volume alone was 9,914 MU, up 17.1% YoY, while renewable energy certificates (REC) reached 2,116 MU, showing a remarkable 737.4% increase from the previous year. REC prices hit an all-time low of Rs 115 per certificate during the August 28, 2024 trading session, offering obligated entities like DISCOMS and Captive…

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China to host summit to increase clean tech exports to African nations

Global, News

Chinese President Xi Jinping will host the ninth Forum on China-African Cooperation Summit on August 4, aiming to encourage the 50 African nations in attendance to purchase more of China’s renewable energy technologies, according to Reuters. In return, China pledges to increase loans and investments across the continent, focusing on green energy. China is keen to expand its green energy tech exports, especially for electric vehicles (EVs) and solar panels, before Western tariffs come into…

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CIP’s Buffalo Plains wind farm in Canada delivers first power to grid

Global, News

Copenhagen Infrastructure Partners (CIP) has announced that its Buffalo Plains onshore wind farm in Alberta, Canada, has delivered its first power to the grid. The wind farm is expected to be fully operational by the fourth quarter of 2024. The installation of the first turbine took place in April 2024, and by the end of August, one-third of the planned 83 turbines had been erected. Once completed, Buffalo Plains will have a total capacity of…

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Octopus Energy and LONGi join forces for global energy transition

Global, News

Octopus Energy Generation and LONGi have signed a memorandum of understanding (MOU) to form a new partnership to integrate LONGi into Octopus’s preferred supplier list. The companies plan to finalize a solar panel supply agreement, allowing Octopus to source panels from LONGi for its future solar farm projects, capitalizing on LONGi’s strong market position. In June 2024, Octopus Energy expanded into the US renewables market by acquiring two solar farms in Ohio and Pennsylvania, with…

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Adani Green and TotalEnergies to form joint venture with $444 million investment

India, News

India’s Adani Green Energy announced that its board has approved agreements for a TotalEnergies affiliate to invest $444 million in a new joint venture with the company. This follows a previous $300 million deal between Adani Green and the French oil major to expand renewable energy capacity in India, where coal remains the primary energy source. The joint venture will include Adani Green, Adani Renewable Energy Sixty Four, and TotalEnergies Renewables Singapore, with each company…

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SECI announces winners for 1.5 GW electrolyser manufacturing auction

India, News

The Solar Energy Corporation of India Limited (SECI) has announced the winners for tranche 2 (Envelope-2 opening) of its electrolyser manufacturing auction, totaling 1,500 MW in capacity. These projects will be developed under the Strategic Interventions for Green Hydrogen Transition (SIGHT) scheme, with awards divided across three different buckets. Bucket 1, the largest category, allocated 1,100 MW of electrolyser manufacturing capacity based on any stack technology. Waaree Energies secured the largest share with 300 MW,…

Company Profile: NTPC

Features

NTPC Limited, India’s largest power utility, has shown strong financial performance, significant capacity expansion, and renewable energy and nuclear power initiatives. The company achieved record highs in market capitalisation, profit, and electricity generation while advancing its commitment to sustainability and innovation. Here’s a detailed look at NTPC’s achievements and plans. Financial Performance In FY 2023-24, NTPC reported a consolidated profit after tax (PAT) of Rs 213.32 billion, a 25% increase from the previous year. The…

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Ørsted to shut down final coal-fired plant in Denmark

Global, News

Ørsted has announced the closure of its last coal-fired heat and power plant in Esbjerg, Denmark, on August 31, 2024. This marks a major step towards making Ørsted’s energy generation nearly fossil fuel-free. Once known as one of Europe’s most coal-intensive energy companies, Ørsted has drastically reduced its reliance on coal, achieving a 92% reduction in scope 1 and 2 emissions from 2006 to 2023. The shutdown of the Esbjerg plant, along with the previously…

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Challenges and action plan for a sustainable power sector in Bangladesh

Global, News

Bangladesh’s power sector is currently undergoing aggressive expansion with a focus on fossil-fuel-based capacity, leading to challenges such as overcapacity, high generation costs, revenue shortfalls, and a growing subsidy burden. The sector’s overcapacity is evident with an installed generation capacity of 28,166 MW compared to a peak demand of just 17,200 MW, resulting in a surplus of 38.9%, which rises to over 60% during the winter. This surplus is particularly problematic because the system is…