Similar Posts
Global energy system faces rising risks amid geopolitical strains: IEA
The International Energy Agency (IEA) highlighted the vulnerabilities in the global energy system, exacerbated by regional conflicts and geopolitical tensions, in its World Energy Outlook 2024. The IEA underscored the need for stronger policies and investments to hasten the energy transition. Despite these challenges, the agency expects a relatively abundant supply of various fuels and technologies in the coming years, including oil, LNG, solar PV, and batteries. IEA Executive Director Fatih Birol noted that an…
Solar Industries secures Rs 8.87 billion order from Singareni Collieries
Solar Industries India has received an order worth Rs 8.87 billion from Singareni Collieries Company (SCCL) to supply SME explosives, LDC explosives, and initiating systems for overburden blasting over two years. This contract bolsters Solar Industries’ position in the mining explosives market and adds to its order book for the coming two years. SCCL, one of India’s largest coal producers, is a government-owned mining corporation under the Department of Energy, Government of Telangana.
GTRI: local carbon tax won’t ease EU carbon border adjustment impact on Indian exports
The European Union’s (EU’s) suggestion that India impose a local carbon tax to avoid the EU’s Carbon Border Adjustment Mechanism (CBAM) will not significantly benefit Indian exporters, according to the Global Trade Research Initiative (GTRI). Even with a local tax, Indian firms would still owe the EU USD 51.3 per tonne of CO2 under CBAM, starting January 2026. While the global average carbon price is around USD 6 per tonne of CO2, India’s potential carbon…
Nexif Ratch’s 74.2 MWp Calabanga Solar Project in Philippines begins commercial operations
Nexif Ratch Energy (NRE) has announced that its 74.2 MWp Calabanga Solar Project (CARE) in Camarines Sur, South Luzon, Philippines, has commenced commercial operations as of August 5, 2024. This achievement follows a testing and commissioning process by the National Grid Corporation of the Philippines. CARE, the first utility-scale solar power project in the Bicol Region, will supply clean energy to the national grid, with most of its output sold through a 10-year Power Supply…
ScottishPower signs £1bn deal with Siemens Gamesa for East Anglia 2 offshore wind farm
ScottishPower Renewables has entered a £1 billion ($1.2 billion) agreement with Siemens Gamesa to supply 64 SG 14-236 DD turbines, each rated at 15MW, for the East Anglia 2 (EA2) offshore wind farm off England’s east coast. With a capacity close to 1GW, EA2 will generate enough energy to power nearly one million homes, supporting the UK’s mission to lead in clean energy. The turbines feature 236m rotor diameters, with 115m blades manufactured at Siemens…
PGCIL acquires two ISTS-TBCB projects in Rajasthan
On August 19, 2024, REC Power Development & Consultancy Ltd (RECPDCL) officially transferred two special purpose vehicles (SPVs) related to ISTS-TBCB schemes to Power Grid Corporation of India Ltd (PGCIL). The SPVs—Rajasthan IV C Power Transmission Ltd and Rajasthan IV E Power Transmission Ltd—are linked to the transmission system for evacuating power from Rajasthan REZ Phase-IV (5.5 GW) in the Jaisalmer/Barmer Complex. PGCIL received the letter of intent for these projects on April 16, 2024,…