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India to establish first 800-MW AUSC thermal power plant in Korba

India’s first 800-MW advanced ultra-supercritical (AUSC) thermal power plant will be established in Korba, Chhattisgarh. The project is a collaboration between NTPC and BHEL, with support from the Indira Gandhi Centre for Atomic Research. In July 2024, Finance Minister Nirmala Sitharaman announced the joint effort by NTPC and BHEL to develop this innovative thermal power plant. The technology, indigenously developed through joint research and development, will be deployed in a full-scale 800 MW commercial plant,…

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Chubu Electric increases stake in OMC Power to over 35%

Japan’s Chubu Electric has increased its investment in OMC Power, raising its stake from 20% to over 35%, becoming the largest shareholder.  This additional funding will support OMC Power in commissioning 100 MW of energy transition projects and expanding operations in India and South Africa. OMC Power currently operates over 500 clean energy plants, supplying power to telecom towers, institutional rooftops, commercial and industrial sectors, and providing power distribution to rural and underserved areas. Mitsui…

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Indonesia announces plans for 75GW renewable energy expansion over 15 years

Indonesia has revealed plans to attract international investment for the development of 75GW of renewable energy within the next 15 years.  The announcement, made at COP29 in Baku by Indonesia’s climate envoy, Hashim Djojohadikusumo, underscores the new administration’s goal to implement 100GW of new energy, with 75% dedicated to renewables like solar, hydro, geothermal, and potentially nuclear energy. With over 90GW of current power capacity, largely coal-based, Indonesia is pushing to reach carbon neutrality by…

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Asia to spend over USD 20bn on EVs: Report

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

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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GE Vernova wins contract for 600 MW hydrogen-capable power plant in Singapore

GE Vernova has secured a contract to supply its 9HA.01 gas turbine for a new 600 MW hydrogen-capable power plant at the Pulau Seraya power station on Jurong Island, Singapore.  The project, led by YTL PowerSeraya Group, is set to begin operations by 2027. Initially running on natural gas, the plant will be able to blend up to 50% hydrogen, with a future goal of transitioning to 100% hydrogen fuel to support global decarbonization goals….

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Iberdrola acquires 88% stake in Electricity North West

Iberdrola has finalized the acquisition of an 88% stake in UK-based Electricity North West (ENW), valuing the entire company, including debt, at €5 billion ($5.4 billion). ENW serves approximately 5 million people across northwest England, including Manchester and the Lake District, managing 60,000 km of distribution networks. This acquisition is strategically significant for Iberdrola, as ENW is situated between the existing ScottishPower network regions in Scotland and areas in Merseyside and North Wales. The move…

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L&T wins order from ITER for advanced nuclear fusion project in France

Larsen & Toubro (L&T) has secured a ‘significant’ contract, estimated between Rs 10 billion and Rs 25 billion, to implement advanced welding technologies for the ITER Organisation’s nuclear fusion project, the world’s largest, located in Cadarache, Southern France. L&T will focus on critical technologies for assembling ports and complex components within the ITER Tokamak’s vacuum vessel. ITER, the International Thermonuclear Experimental Reactor, is a large-scale scientific collaboration aiming to make nuclear fusion a viable energy…

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X-ELIO expands into Australian market with blue grass solar farm storage project

X-ELIO has announced the expansion of its Blue Grass Solar Farm, located in Queensland’s Western Downs, by integrating a 148 MW Battery Energy Storage System (BESS). This marks X-ELIO’s first hybrid solar and storage project in Australia.  The project will be developed in two phases: the first phase will deliver 60 MW BESS by 2025, followed by an additional 88 MW BESS in the second phase by 2026. The 200 MW solar farm, operational since…

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India’s renewable energy goals may increase dependence on solar imports, GTRI warns

India’s target of installing 500 GW of renewable energy by 2030 could drive its annual solar equipment import bill to USD 30 billion, according to a report by think tank Global Trade Research Initiative (GTRI).  The report emphasizes that without significant investments in developing a self-reliant solar manufacturing industry, particularly in polysilicon and wafer production, India may struggle to meet its ambitious goals and reduce import costs. India installed 15 GW of solar capacity in…