Author: PPD Team Date: 04/11/2024
Prime Minister Narendra Modi inaugurated a 4 MW solar project in Ekta Nagar, Gujarat, valued at Rs 232.6 million.
This initiative is part of ongoing efforts to enhance the Statue of Unity area as an international tourist destination while promoting sustainable energy solutions in the region.
Author: PPD Team Date: 11/12/2024 The European Union plans to promote geothermal energy to replace Russian gas and lower energy costs, according to a draft document. At an upcoming meeting in Brussels, the 27 EU member states are expected to endorse geothermal energy collectively for the first time, reported Reuters. The draft proposes an EU-wide strategy to cut emissions from heating and cooling systems and expedite geothermal projects. This includes financial guarantees to mitigate investment…
Author: PPD Team Date: 12/11/2024 Norwegian offshore wind firm Entrion Wind has obtained a US patent for its fully restrained platform (FRP) monopile, marking the first of six patent applications filed by the company. The FRP monopile, designed for water depths up to 100m, is set for commercial launch in 2027 and promises improved economics over other foundation systems, featuring Entrion’s top mooring assembly (TMA) for enhanced stability and efficient installation. Entrion co-founder and VP…
Author: PPD Team Date: 12/12/2024 The Government of India has applied for a USD 186 million loan from the Asian Infrastructure Investment Bank (AIIB) for the Assam Intra-State Transmission System Enhancement Project Phase II. The initiative aims to strengthen Assam’s electricity transmission system by constructing new transmission sub-stations, upgrading existing ones, and installing optical power ground wire (OPGW) in the state.
Author: PPD Team Date: 08/11/2024 Ireland’s electricity grid operator, EirGrid, has awarded contracts for the deployment of synchronous condensers to support the integration of renewable energy and maintain grid stability as Ireland transitions to cleaner energy sources. These contracts for low carbon inertia services (LCIS) will help balance the grid by providing 6,963 MVA of synchronous inertia, reactive power support, and short-circuit strength without generating active power. The contracts were awarded to Quarry Lane Stability…
Author: PPD Team Date: 10/12/2024 Tata Power plans to invest around Rs 1.46 trillion to double its operational capacity to 32 GW by 2030, according to CEO and MD Praveer Sinha. As of FY24, the company’s installed capacity stood at 15.6 GW, with 6.7 GW in renewables. By 2030, Tata Power aims to reach 31.9 GW, with 23 GW from renewable energy. The company also focuses on expanding its transmission and distribution segments. Tata Power…
Author: PPD Team Date: 21/11/2024 NTPC has outlined an ambitious plan to invest Rs 5 trillion in green energy by 2030, led by its renewable energy subsidiary, NTPC Green Energy Ltd. (NGEL). To support its projects, NGEL is set to launch an initial public offering (IPO) worth Rs 100 billion, focusing on renewable energy generation, green hydrogen, sustainable fuels, and energy storage. The company aims to add 60 GW of renewable energy capacity by 2032,…