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KSEB signs agreement with SECI to purchase 500 MW solar power
Kerala State Electricity Board Limited (KSEB) has signed an agreement with the Solar Energy Corporation of India Limited (SECI) to boost solar energy in Kerala. The deal aims to reduce power purchase costs by at least 10%, with KSEB set to buy 500 MW of solar power from SECI at Rs 3.49 per unit. The 25-year power supply agreement will begin by September 2026, with provisions for supplying power during peak-demand hours after 6 pm.
NVVN awards 66 MW solar projects to Kirloskar Solar and Oriana Power
NTPC Vidyut Vyapar Nigam (NVVN) has awarded contracts totalling 66 MW of solar capacity to Kirloskar Solar Technologies and Oriana Power. The projects, valued at Rs 2.91 billion, will be developed across multiple Indian states. Kirloskar Solar Technologies received contracts for 32.29 MW of ground-mounted solar projects and 14.74 MW of rooftop solar installations, amounting to Rs 2.08 billion. These projects will be set up in Chhattisgarh, Madhya Pradesh, Uttar Pradesh, Kerala, Gujarat, and Assam….
Ocean Winds and Eletrobras partner to explore offshore wind opportunities in Brazil
Ocean Winds (OW) and Eletrobras have signed a memorandum of understanding (MoU) in São Paulo to collaborate on offshore wind energy projects in Brazil, aligning with the country’s renewable energy targets and economic development goals. This partnership aims to harness Brazil’s wind resources to create a sustainable energy future while promoting local job creation and community development. OW, a 50/50 joint venture between EDP Renewables (EDPR) and Engie, has identified Brazil as a strategic market…
Battery storage critical for India’s shift from coal, renewable capacity lags behind
India’s transition to renewable energy is encountering significant obstacles, according to a new report by Zero Carbon Analytics, as the country strives to meet its ambitious target of 500 GW of non-fossil fuel capacity by the early 2030s. Although renewable energy investment reached USD 12.4 billion in 2023, it is far from the USD 200 billion needed to achieve this goal. To stay on track, India needs to add 300 GW of new renewable capacity…
India’s solar PV manufacturing capacity surges to 67 GW
India’s solar PV module manufacturing capacity has skyrocketed from 2.3 GW to 67 GW over the past decade, largely due to initiatives under the “Make In India” program. Currently, 48 GW of integrated solar PV manufacturing projects are underway, supported by the Rs 240 billion Solar PLI scheme. Union Minister for New and Renewable Energy Pralhad Joshi emphasized the government’s commitment to establishing India as a global clean energy leader, highlighting the comprehensive support provided…
Locus, Ingrid to boost Sweden’s energy grid with 13 battery storage systems
Locus Energy and Ingrid are partnering to enhance Sweden’s energy infrastructure by building 13 large-scale battery storage systems in the southern regions, adding 196 MW of flexible capacity to the national grid in the SE3 and SE4 price areas. These battery systems are expected to be operational within 12 months and will help address power shortages in 13 communities. Locus Energy, a joint venture between Locus Infra and SEB Investment Management AB (SEB IM), specializes…