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Key Power Sector News Roundup for September 19, 2024

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Union Cabinet Approves Rs 91.97 Billion Bio-RIDE SchemeIndia’s Union Cabinet has greenlit the Bio-RIDE initiative to drive biotechnology and biomanufacturing innovation with a budget of Rs 91.97 billion. The scheme aims to boost India’s bioeconomy, particularly in healthcare, agriculture, and clean energy sectors. Inox Wind Secures 550 MW Wind ProjectInox Wind has won a 550 MW wind project from IGREL Renewables, expanding its order book to over 3.5 GW. The project will be developed across…

Power Sector News Roundup for November 11, 2024

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Global: COP29: IEEFA urges banks to reorient lending for renewables; $400 billion annual funding shortfall identified Tongyeong Eco Power’s 1GW LNG plant begins operations in South Korea Oklo secures environmental permit for fission power plant in the United States India: Battery storage critical for India’s shift from coal; renewable capacity lags behind TERI unveils policy brief outlining India’s green hydrogen roadmap towards decarbonization India’s climate policies poised to cut 4 billion tonnes of CO₂ by…

Power Sector News Roundup for November 21, 2024

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Global: Amazon invests in Greece’s largest wind energy project with three wind farms. China tightens solar PV investment guidelines to address overcapacity. SEC to build publicly owned renewable energy park in Horsham, Australia. Bekevar Wind Farm opens, providing 200 MW of renewable energy in Saskatchewan. Ofgem proposes £5-8 billion fund to accelerate UK energy transmission projects. TVA signs 10-year PPA for 14 GWh carbon-free energy with Smoky Hydro. Octopus Energy and Skyborn prequalified for French…

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NHPC issues tender for 1.2 GW ISTS-connected solar + energy storage system

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NHPC has launched a tender for 1.2 GW of Inter-State Transmission System (ISTS)-connected solar power projects, including a 600 MW/12,000 MWh energy storage system (ESS). The tender also includes a greenshoe option for an additional 1.2 GW capacity. The deadline for bid submissions is October 18, with the project expected to be completed within 24 to 30 months from the signing of the power purchase agreement (PPA). The project, to be developed on a build-own-operate…

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Masdar and Presight to launch AI tool for managing assets globally

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UAE-based Masdar has teamed up with Presight to create an AI-driven asset management tool aimed at optimising its global renewable energy projects.  The tool will leverage big data analytics and generative AI to process billions of data points generated by Masdar’s solar panels and wind turbines. This collaboration seeks to enhance operational efficiency, predict maintenance needs, and boost renewable energy production by shifting from reactive to predictive maintenance strategies. Presight CEO Thomas Pramotedham emphasized the…

Power Sector News Roundup for December 17, 2024

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Global: Solarvest partners with Vista to develop solar projects in SEA Vireon Hydrogen secures €3.8 million grant for 5 MW electrolyser in Finland India: Surana Technologies signs PPA with MSEDCL for solar projects in Maharashtra Sukhbir Agro Energy plans 1,200 MW RE projects in Andhra Pradesh BHEL emerges as L1 bidder for EPC contract for Amarkantak thermal power expansion project TNGECL plans 100 MW wind-solar hybrid projects in Tamil Nadu GE Power secures boiler parts…

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