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Record tariff set for Khavda IV-C ISTS project

India, News

Sterlite Power has secured the Khavda IV-C interstate transmission system (ISTS) project with an annual tariff of Rs 13.15 billion, the highest ever for an ISTS scheme under the tariff-based competitive bidding (TBCB) process. Competing bids from Power Grid Corporation of India Ltd (PGCIL) and Adani Energy Solutions Ltd (AESL) were close, with the L2 bid just 0.25% higher than Sterlite’s winning bid. The project, now estimated to cost over Rs 120 billion, includes a…

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EDF receives ASN approval for first nuclear reaction at Flamanville 3 reactor

Global, News

France’s nuclear safety authority, Autorité de Sûreté Nucléaire (ASN), has granted EDF a critical divergence agreement for the Flamanville 3 reactor, allowing the initiation of its first nuclear reaction. Following the fuel loading in May 2024, this marks a significant milestone for the European Pressurised Reactor (EPR) teams. The divergence process will trigger a stable nuclear reaction at a very low power level, just 0.2% of the reactor’s capacity. Afterwards, a detailed testing phase will…

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RECPDCL hands over Tumkur-II REZ Transmission project to G R Infraprojects

India, News

REC Power Development & Consultancy Ltd (RECPDCL), a subsidiary of REC Ltd, handed over the special purpose vehicle (SPV) “Tumkur-II REZ Power Transmission Ltd” to G R Infraprojects Ltd (GRIL) on September 3, 2024, in Gurugram. GRIL was selected as the transmission service provider (TSP) through a tariff-based competitive bidding (TBCB) process managed by RECPDCL for the development of this transmission project on a build, own, operate & transfer (BOOT) basis. The handover ceremony saw…

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RESCO receives board approval to raise Rs 3.5 million in equity capital

India, News

Resco Global Wind Services Private Limited (RESCO), a wholly-owned subsidiary of Inox Wind Limited, has received board approval to raise up to Rs 3.5 million in equity capital. The funds will be raised by issuing equity shares on a preferential basis through private placement to non-promoter investors. This move is subject to shareholder approval and adherence to applicable laws and regulations.

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Adani Energy and Sterlite secure ISTS projects from RECPDCL

India, News

REC Power Development & Consultancy Ltd (RECPDCL), the bid process coordinator, has transferred two interstate transmission system (ISTS) project special purpose vehicles (SPVs) to Adani Energy Solutions Ltd (AESL) and Sterlite Power, under the tariff-based competitive bidding (TBCB) mechanism. The first project SPV, Khavda IV A Power Transmission Ltd, has been awarded to Adani Energy Solutions Ltd. This project is part of the transmission system for Khavda Phase IV (7 GW) – Part A, located…

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Queensland launches leading solar panel recycling pilot with Smart Energy Council

Global, News

The Queensland Government, in partnership with the Smart Energy Council, has launched Australia’s leading solar panel recycling, reuse, and recovery pilot. The Solar Panel Stewardship program will implement solar panel recycling across the state, aiming to improve industry engagement with communities and establish better practices in the renewable energy sector. The pilot includes six solar panel collection sites in Capalaba and North Lakes in greater Brisbane, the Gold Coast, Rockhampton, Toowoomba, and Townsville, with a…

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Westinghouse receives UK approval for AP300 SMR design assessment

Global, News

Westinghouse Electric has received formal approval from the UK’s Department of Energy and Net Zero to enter the Generic Design Assessment (GDA) for its AP300 Small Modular Reactor (SMR). This marks a significant step for nuclear technology in the UK, which is supporting new nuclear projects through the Great British Nuclear (GBN) initiative. The AP300 SMR is a smaller, transportable reactor with a capacity of up to 300 MW(e) per unit, based on Westinghouse’s proven…

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Minister directs to prepare pre-feasibility report for floating solar installations on lakes

India, News

Karnataka’s Minister N S Boseraju has instructed officials to prepare a pre-feasibility report on the potential for floating solar installations across lakes managed by the Minor Irrigation Department. This initiative aims to explore the viability of using lake surfaces for solar energy production, optimizing land use, and supporting the region’s renewable energy objectives. During a high-level meeting, representatives from Karnataka Renewable Energy Development Limited (KREDL), Bharat Heavy Electricals Limited (BHEL), Sungrow, Aarushi Green Energy, SILL,…

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Italian researchers develop novel method to recover silver from end-of-life solar cells

Global, News

Researchers from Italy’s University of Camerino have developed a new method to recover silver from end-of-life solar cells, achieving an impressive recovery efficiency of 98%. This novel approach combines hydrometallurgical and electrochemical processes, which use aqueous solutions and electric currents, respectively, to extract and recover metals. Traditional metal extraction, such as open-pit mining, can cause significant environmental damage. In contrast, metal recovery from industrial waste can reduce environmental impact and lower energy consumption, offering a…

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EDF Renewables wins bid to build Israel’s largest solar plant at record low price

Global, News

EDF Renewables, a subsidiary of the French energy giant EDF, has secured a contract from the Israeli government to build and operate the country’s largest solar plant. The 300 MW project will be constructed near the southern city of Dimona in the Negev desert, as announced by the Israeli Ministry of Energy and Infrastructure. EDF Renewables submitted a bid of just below ILS 0.07 ($0.019) per kWh, marking the lowest price ever recorded in an…