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Mitsubishi Electric invests $86 million in US switchgear production
Mitsubishi Electric Power Products (MEPP) and Mitsubishi Electric Corporation have announced an $86 million investment in the US to expand switchgear production and power electronics capabilities. MEPP plans to construct a 160,000-square-foot advanced switchgear facility in Western Pennsylvania, its first new manufacturing site in over a decade. The facility will initially produce vacuum and gas circuit breakers, with a focus on vacuum circuit breakers as production scales. Once fully operational, the facility will create 200…
KPI Green signs PPAs with GUVNL for renewable energy projects
KPI Green Energy has signed power purchase agreements (PPAs) with Gujarat Urja Vikas Nigam (GUVNL) for 620 MWAC (917 MWDC) renewable energy projects. The agreement includes a 250 MWAC (275 MWDC) grid-connected solar photovoltaic project, won through a competitive bidding process under Phase-XXIV, aimed at procuring power from 500 MW grid-connected solar projects across India, with an additional greenshoe option for up to 500 MW. Additionally, KPI Green secured a 370 MWAC (642 MWDC) grid-connected…
India needs fivefold growth in wind and solar by 2030 to meet 1.5°C climate goals, analysis finds
A new analysis by Climate Analytics and the NewClimate Institute reveals that India needs to grow its wind and solar power generation fivefold by 2030 to align with global climate goals under the 1.5°C target. This would require generating around 1,100 TWh of electricity from wind and solar by the end of the decade. To achieve this, India would need significant international climate finance to support its transition away from coal, which currently generates 75%…
CERC grants transmission licences to IndiGrid subsidiaries
The Central Electricity Regulatory Commission (CERC) has granted a transmission licence to Dhule Power Transmission Ltd (DPTL), a subsidiary of India Grid Trust (IndiGrid). DPTL is developing the “Transmission system for evacuation of power from Dhule 2GW REZ” on a build, own, operate, and transfer (BOOT) basis. The Rs 6.37 billion project, set for completion by February 2026, includes a new 4×500 MVA, 400/220kV pooling station and a 400kV double-circuit line in Maharashtra. IndiGrid won…
EU changes hydrogen project auction rules to limit Chinese presence
The European Union has announced changes to its rules governing hydrogen grant auctions to limit dependence on China for renewable energy components. This move comes as part of the EU’s broader efforts to prevent over-reliance on Beijing, which dominates sectors such as solar power and electric vehicles. The EU Hydrogen Bank’s next renewable hydrogen auction, set for December 3, will offer up to EUR 1.2 billion (USD 1.34 billion) in grants, but new rules will…
Massive potential in electrification transition to reduce energy use and costs: IEEFA
The Institute for Energy Economics and Financial Analysis (IEEFA) has released a report highlighting the significant benefits of transitioning to efficient electrification. The report outlines how adopting efficient electric appliances could drastically reduce energy consumption, cut costs for households, and support broader energy security and emissions reduction goals. The report reveals that many households still use inefficient appliances, leading to higher energy consumption and expenses. By switching to efficient electric appliances, electricity demand in many…