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Power sector installed capacity overview for August 2024

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As of August 2024, India’s total installed capacity reached 4,50,759.56 MW, covering coal, lignite, gas, hydro, nuclear, and renewable energy sources. The total installed capacity from renewable energy sources was 1,52,654.48 MW. In the State Sector, the installed capacity totalled 1,08,276.94 MW. Of this, 69,977.50 MW was from coal, while 27,254.45 MW came from hydro. Renewable energy contributed 2,602.62 MW to the state sector’s total capacity. In the Private Sector, the total installed capacity stood…

Power Sector News Roundup for November 8, 2024

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Global: European clean energy stocks fall amid Trump’s victory and policy concerns Global energy efficiency improvements lag behind COP28 targets: IEA Nigeria calls for bids to develop 4 GW gas-fired power plants Ireland’s EirGrid awards contracts for renewables integration technologies RWE chooses Thyborøn Port to build Denmark’s largest offshore wind farm EDF in talks to source nuclear power for 1 GW data centre projects in France Ireland releases geophysical data ahead of 900 MW offshore…

Power Sector News Roundup for November 27, 2024

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Global Synera Renewable to develop an 840 MW offshore wind farm in South Korea. TotalEnergies and Air Liquide to produce renewable hydrogen at La Mède refinery. NSW approves $647 million Mt Piper battery project to boost energy storage. TOYO secures a $150 million solar cells contract to bolster renewable energy growth. India Solarworld Energy raises Rs 1.1 billion in pre-IPO placement round. NTPC Green signs MoU for 2000 MW renewable energy projects in Chhattisgarh. Adani…

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India-GCC trade hits $162 billion, growing ties in energy, defence, and tech

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India’s trade with the Gulf Cooperation Council (GCC) reached USD 162 billion last year, accounting for 15% of India’s total trade. This milestone, highlighted by Aseem R Mahajan, Joint Secretary – Gulf, Ministry of External Affairs, was announced during the ‘India MENA Business Dialogue: Bridging Economics, Fostering Growth’ event organised by FICCI. The event emphasised the expanding partnership between India and the Gulf, covering crucial sectors such as energy, defence, security, and health. Despite fluctuations…

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Fossil fuels to supply 40-60% of energy by 2050 despite clean energy push: McKinsey

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A McKinsey report reveals that fossil fuels will continue to provide 40-60% of global energy by 2050, due to slower adoption of electric vehicles (EVs) and challenges in scaling clean energy technologies. Gas will remain a key energy source, stabilizing grids as renewables, though growing, are intermittent. Despite fossil fuel consumption plateauing between 2025 and 2035, investments will persist to ensure energy reliability during the transition. Global energy demand is set to rise by up…

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CME Solar and Vista Global partner in joint venture to expand rooftop solar energy in Vietnam

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CME Solar Investment and Vista Global, a subsidiary of Samsung C&T, have launched a joint venture to develop rooftop solar energy in Vietnam. The CME-Vista partnership aims to contribute to Vietnam’s shift towards a low-carbon economy by leveraging CME’s local expertise and Vista Global’s technical and financial resources. The collaboration will focus on deploying high-performance rooftop solar systems, supporting Vietnam’s goal of achieving net-zero emissions by 2050 and expanding clean energy solutions across the country.

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