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Mitsubishi reviews offshore wind projects in Japan
Mitsubishi Corporation is reassessing its business plans for offshore wind power generation projects in Japan due to changes in the macroeconomic environment caused by the COVID-19 pandemic and the Ukraine crisis. These challenges include inflation, a weaker yen, strained supply chains, and rising interest rates. Through a consortium led by its subsidiary Mitsubishi Corporation Offshore…
IOCL approves Rs 10.86 billion equity in Terra Clean for 4.3 GW RE projects
Indian Oil Corporation Limited (IOCL) has approved an equity investment of Rs 10.86 billion in Terra Clean Limited, its wholly-owned subsidiary. The funding will support the development of 4,300 MW of renewable energy (RE) capacity across India. The approval was given during the Board of Directors meeting held on 30 April 2025. This new capacity…
- India | Green Hydrogen | News
Desco Infratech, KPI Green and Naveriya Gas partner on hydrogen blending projects
Desco Infratech Limited, KPI Green Hydrogen and Ammonia (a KP Group company), and Naveriya Gas Private Limited have entered into a partnership to launch hydrogen–natural gas blending projects in the city gas distribution sector. The initiative aims to support India’s shift toward cleaner energy and reduce dependence on imported liquefied natural gas (LNG). Under the…
Adani Energy acquires Rajasthan Part I Power Transmission
Adani Energy Solutions Ltd (AESL) officially acquired Rajasthan Part I Power Transmission Ltd from REC Power Development & Consultancy Ltd (RECPDCL) on January 20, 2025. AESL emerged as the winning bidder with an annual transmission charge of Rs 35,570 million, outbidding three other contenders: Power Grid Corporation of India Ltd (PGCIL), Sterlite Power, and IndiGrid….
Centre plans Rs 38,900 crore carbon capture programme
The central government is preparing a carbon capture, utilisation, and storage (CCUS) programme estimated at Rs 38,900 crore, with Rs 19,500 crore to be committed from public funds. The balance is expected to be raised through bank loans and multilateral financing. According to officials, the programme will be structured into multiple sub-schemes. Research and development…
India | Leadership | NewsACME Solar appoints new EPC president
ACME Solar Holdings Limited has appointed Mr KR Thiyagarajan as President of its EPC (Engineering, Procurement, and Construction) division and designated him as a Senior Management Personnel. ACME Solar said the Board of Directors approved the appointment after a recommendation from the Nomination and Remuneration Committee. He will report to the Chief Executive Officer. The…
