Reliance Power Limited (RPL) incorporated Reliance NU Energies Private Limited, a special purpose vehicle, on December 10, 2024.
The entity will focus on developing renewable energy projects, including solar, wind, hybrid systems, and advanced energy storage solutions such as pumped storage hydropower and battery energy storage systems.
NTPC plans to invest Rs 3-4 trillion to develop 20 GW of nuclear power capacity by 2047. It aligns with the government’s target of achieving 100 GW under the Viksit Bharat mission. NTPC’s first nuclear project, the 2,800 MW Mahi Banswara plant in Rajasthan, will be a joint venture with the Nuclear Power Corporation of India (NPCIL), involving an investment of Rs 450-500 billion. Groundwork is expected to begin by the end of this financial…
The US Department of Energy (DOE) has pledged $1.5 billion to improve the country’s power grid infrastructure, funding four transmission projects that will add nearly 1,000 miles of new lines and 7.1GW of capacity. The investment aims to enhance grid reliability and support renewable energy integration. The projects include the Aroostook Renewable Project in Maine, featuring a 111-mile transmission line capable of handling 1.2GW, and the Cimarron Link in Oklahoma, establishing a 400-mile HV DC…
QatarEnergy has announced plans to launch a new solar mega project that will more than double the country’s solar energy output. The project aims to increase Qatar’s photovoltaic (PV) solar capacity to approximately 4 GW by constructing one of the world’s largest solar plants in Dukhan, with a capacity of 2 GW. This new facility will expand QatarEnergy’s existing solar portfolio, which includes the Al-Kharsaah plant, inaugurated in 2022 with an 800 MW capacity, and…
The government has awarded Reliance Industries Limited (RIL) a 10-GWh Advanced Chemistry Cell (ACC) battery storage plant under the Production-Linked Incentive (PLI) scheme, selected through a quality and cost-based selection (QCBS) mechanism. Under the scheme’s terms, RIL has to ensure at least 25 per cent domestic value addition, increasing to 60 per cent within five years, and make a mandatory investment of Rs 2.25 billion per GWh for the committed capacity within two years. According…
The Solar Energy Corporation of India’s (SECI) recent renewable energy tender has stirred the solar market, setting a tariff rate of Rs 4.98-4.99 per unit for 630 megawatts (MW) of solar power. This power will be supplied to BSES Rajdhani Power, BSES Yamuna Power, and Gift City in Gandhinagar. Vena Energy, Hero Future Energies, Hexa Climate, JSW Energy, and Serentica Renewables secured the bids, with JSW Energy winning 230 MW at Rs 4.98 per unit,…
Reliance Industries Ltd plans to commission its first solar giga-factory by the end of the 2024-25 fiscal year as part of its goal to achieve net zero carbon emissions by 2035. The factory will begin with 20 GW of solar photovoltaic (PV) manufacturing and scale up in phases through 2026. Located in Jamnagar, Gujarat, the facility will produce PV modules, cells, wafers, ingots, polysilicon, and glass at a single site. Reliance is also targeting sodium-ion…