SJVN Limited reported a net profit of Rs 3,570.9 million for the quarter ending June 2024, marking a 31.4% increase from Rs 2,717.5 million in the same quarter last year. The company’s total income for the quarter rose by 28.8% to Rs 9,584.7 million, up from Rs 7,443.9 million in the corresponding period of the previous year.
Offshore contractor DEME has secured a contract to transport and install inter-array cables and secondary steel components for the 800 MW OranjeWind offshore wind farm in the Dutch North Sea. The wind farm, located 53 km from the Dutch coast, is a joint venture between RWE and TotalEnergies. DEME’s scope includes the installation of 114 km of inter-array cables connecting 53 foundations to the offshore substation. Scheduled to start in the second half of 2026,…
The 2024 Union Budget of India introduced significant measures to boost the energy sector, emphasising renewable energy adoption, energy transition, and infrastructure enhancement. Here are the key highlights: PM Surya Ghar Muft Bijli Yojana: 10 million households will receive up to 300 units of free electricity monthly, supported by subsidies and concessional loans, with a National Online Portal for streamlined applications. Renewable Energy Funding: The Ministry of New and Renewable Energy (MNRE) has been allocated…
New commitments aimed at expanding renewable energy and increasing access to electricity and clean cooking technologies have brought the total finance pledged through the United Nations for the global energy transition to US$ 1.4 trillion. This update was revealed in the third edition of the Energy Compacts Annual Progress Report, launched at the EnergyNow SDG7 Action Forum alongside the UN General Assembly. The report highlights that since the Energy Compacts initiative began in 2021, significant…
Under the revised Karnataka Electric Vehicle (EV) Policy 2023–28, the Department of Commerce and Industries has finalized Chikkaballapur, Bidadi near Bengaluru, and Hubballi-Dharwad as locations for new EV clusters, also referred to as EV Model Cities. Approximately 800 acres of land have been identified for these clusters. These EV clusters are being developed to enhance the adoption of electric vehicles in Karnataka, with locations chosen based on the level of EV penetration in nearby districts….
Grid Solutions, a GE Vernova business, has introduced the GRiDEA portfolio, a comprehensive suite of solutions designed to decarbonize the electrical grid and support the transition to sustainable energy. Unveiled at the CIGRE event in Paris, this portfolio highlights GE Vernova’s commitment to reducing carbon emissions and advancing electrification technology. The GRiDEA portfolio offers grid operators innovative solutions to significantly cut SF6 emissions and reduce the use of raw materials. Central to the portfolio are…
EDF Renewables UK is set to enhance the UK’s energy infrastructure by introducing 300 MW of battery storage projects. The company’s six battery storage projects, currently under construction, are expected to be operational by summer 2025. These include a 57 MW site in Braintree, Essex, and a 47.5 MW site in Indian Queens, Saint Austell, Cornwall. A 52 MW battery in Sundon, Bedfordshire, has already been energised, and Dorset Council has approved a 47.5 MW…
Stay informed on power sector updates. Subscribe here.