Power Sector News Roundup for October 21, 2024

Global:

  • Top European Union economies spend 42 billion euros annually on fossil-fuel company car subsidies, study finds

  • European green electricity PPA prices fall 12.4% in Q3 2024, LevelTen Energy reports

  • Neart na Gaoithe offshore wind farm generates first power for UK grid

  • Hellenic Cables secures contract for Leading Light Wind project in the US

  • deveritec GmbH and Wirepas launch new NIC for Wirepas 5G Mesh in Europe

  • Lhyfe partners with KEYOU for hydrogen mobility in Germany

  • Gevo, Inc. secures DOE loan for Net-Zero aviation fuel plant in South Dakota

  • Congo modernises substation for Inga I & II hydropower plants

India:

  • India seeks critical minerals agreement with US to counter China

  • MNRE sanctions three pilot projects for hydrogen use in steel production

  • India’s renewable energy goals may increase dependence on solar imports, GTRI warns

  • NCT approved three ISTS schemes for green hydrogen manufacturing units in Gujarat and Tamil Nadu, are now open for bids

  • JSW Energy signs 1,200 MW hybrid power deals with MSEDCL

  • NTPC Limited announces winners of 1.2 GW ISTS-connected solar auction; allocates 976 MW

  • Integrum Energy Infrastructure files DRHP for IPO

  • ACME Solar signs PPA with Solar Energy Corporation of India Limited for 150 MW hybrid solar project

  • Rays Power Infra Limited secures Rs 9.4 billion Solar Projects

  • It’s time for Punjab to hand over Shanan power project to Himachal: CM Sukhu

  • Larsen & Toubro partners with US firm for global nuclear power deployment

  • JSW JFE acquires thyssenkrupp Electrical Steel India

  • TATA Power secures LoI from RECPDCL for power transmission project

  • Azure Power secures REC Limited and HSBC refinancing, completes early bond prepayment

  • Borosil Renewables Ltd. calls for anti-dumping duty on Chinese solar glass

  • Indian Institute of Technology, Indore develops catalyst for economical hydrogen production from methanol

  • MERC rejects BEST’s petition to terminate TATA Power contract

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