Six nations join pledge to triple nuclear power by 2050 at COP29
Author: PPD Team Date: 14/11/2024
Author: PPD Team Date: 14/11/2024
During the World Climate Action Summit at COP29, six countries—El Salvador, Kazakhstan, Kenya, Kosovo, Nigeria, and Türkiye—endorsed the global commitment to triple nuclear energy capacity by 2050, bringing the total to 31 signatory nations.
Initiated by France with 20 countries at COP28, the pledge underscores nuclear energy’s critical role in limiting global warming to 1.5°C per the Paris Agreement.
World Nuclear Association (WNA) Director-General Sama Bilbao y León celebrated the new signatories, emphasizing nuclear energy’s cost-effective contribution to achieving climate goals.
The US also revealed a road map at COP29 for deploying 200 GW of nuclear capacity by 2050, with interim milestones of 35 GW by 2035 and 15 GW annually from 2040.
Nuclear energy, generating 9% of global electricity in 2023, is seeing significant momentum, with 64 reactors under construction across 15 nations. The nuclear expansion includes efforts to secure a fuel supply chain free from Russian influence, reinforcing its role in the energy transition.
Author: PPD Team Date: 28/04/2025 Talwandi Sabo Power Limited (TSPL), a Vedanta Power company, has set up a torrefied biomass manufacturing facility near its 1,980 MW thermal plant in Mansa, Punjab. The plant can process 500 tonnes of agricultural stubble each day. It uses a thermochemical process to convert stubble into torrefied bio-pellets. These pellets have a higher energy density than raw biomass, making them more suitable for TSPL’s supercritical thermal power operations that require…
Author: PPD Team Date: 22/05/2025 Inox Green Energy Services Limited has signed agreements to provide operations and maintenance (O&M) services for 285 MWp of solar projects owned by two major renewable energy developers in India. The projects are located across multiple sites. With these additions, Inox Green’s solar O&M portfolio has grown to nearly 1 GW, achieved within a month of entering the solar segment. The company plans to expand this portfolio further through both…
Author: PPD Team Date: 08/11/2024 REC Power Development and Consultancy Limited (RECPDCL) has established Lakadia B Power Transmission Limited, a special purpose vehicle (SPV) aimed at augmenting the transformation capacity of the 765/400 kV Lakadia Substation in Gujarat. RECPDCL has been designated as the bid process coordinator to select a transmission service provider for this project through a tariff-based competitive bidding process.
Author: PPD Team Date: 16/05/2025 Ciel & Terre Solar Private Limited, in partnership with Larsen & Toubro and SJVN Green Energy Limited, has commissioned a 120 MWp floating solar photovoltaic project at the Omkareshwar dam reservoir in Madhya Pradesh. The plant will supply power to Rewa Ultra Mega Solar Limited. The project comprises 14 floating solar islands, each with a capacity of 8.5 MWp. It uses 407,699 Hydrelio aiR OPTIM 1400-3 floats arranged in a…
Author: PPD Team Date: 12/05/2025 NLC India Renewables Limited (NIRL) and Assam Power Distribution Company Limited (APDCL) have incorporated a joint venture company named “NIRL Assam Renewables Limited” to develop renewable energy (RE) projects in Assam. NIRL, a wholly-owned subsidiary of NLC India Limited, will hold a 51% equity stake in the JV, while APDCL will hold 49%. The joint venture will be responsible for the development, operation, and maintenance of RE power projects across…
Author: PPD Team Date: 26/12/2024 REC Power Distribution Company Limited (REC PDCL) incorporated Rajgarh III Power Transmission Limited, a special purpose vehicle (SPV) for the development of the Transmission system for Evacuation of Power from RE Projects in Rajgarh (1500 MW) SEZ in Madhya Pradesh-Phase III on December 24, 2024. REC PDCL has been appointed as the bid process coordinator (BPC) for the selection of a transmission service provider (TSP) for the establishment of the…