Sunsure Energy has commenced supplying 10.5 million units of renewable energy to two private entities in Uttar Pradesh, offsetting 7,500 metric tonnes of carbon dioxide emissions annually.
Sunsure Energy currently offers renewable energy solutions to over 70 industrial companies across 16 states in India, with 120 MW of operational capacity in Uttar Pradesh.
GE Vernova Inc. has launched a High Voltage Direct Current (HVDC) Competence Center at its Electrification facility in Berlin to accelerate energy transition initiatives in Germany and Europe. The center focuses on developing technology to improve grid stability, enable long-distance power transmission, and integrate renewable energy into power systems. This facility positions Berlin as a central hub for GE Vernova’s Electrification Systems businesses in Europe, supporting projects in Grid Solutions, Power Conversion, and Solar and…
GE Vernova’s nuclear division, GE Hitachi Nuclear Energy (GEH), has appointed Worley Chemetics to design and fabricate the isolation condenser system for its BWRX-300 small modular reactor (SMR). This partnership brings Worley Chemetics into the BWRX-300 qualified supplier group, enhancing Ontario’s nuclear supply chain with its fabrication facility in Pickering, Canada. Worley Chemetics’ president, Andrew Barr, expressed enthusiasm for the collaboration, highlighting its 60-year experience in sustainable process technologies and recent ASME nuclear certification. Ontario…
Indian steel and metal companies are rushing to secure renewable energy deals to cut carbon emissions and avoid penalties under the EU’s upcoming Carbon Border Adjustment Mechanism (CBAM). This demand extends beyond large steel and aluminium companies to their suppliers, aiming to reduce emissions across their supply chains. Renewable energy providers report that demand outstrips current capacity, with new projects already sold out for the next few years. Avaada chairman Vineet Mittal indicated that due…
PFC Infra Finance IFSC Limited (PIFIL), a wholly owned subsidiary of Power Finance Corporation Limited (PFC), has been approved by the International Financial Services Centres Authority (IFSCA) to commence business as a finance company in IFSC GIFT City, Gujarat. PIFIL will be the first finance company in the IFSC dedicated to power and infrastructure lending, providing financing in foreign currency for both government and private entities in India and abroad. The company will focus on…
AMPIN Energy Transition has partnered with Copenhagen Infrastructure Partners (CIP) to invest USD 300 million in renewable energy projects across India. This joint effort aims to establish a renewable energy asset base valued between USD 2.7 billion and USD 3 billion. Building on a USD 200 million joint equity commitment made in 2021, the collaboration highlights their focus on accelerating India’s green transformation and fostering innovation within the energy sector. AMPIN Energy Transition currently manages…
Solar module maker Saatvik Solar has announced plans to raise funds from private equity investors and launch an initial public offering (IPO) to support its expansion efforts. At a press conference, Group Chief Financial Officer Abani Kant Jha stated that the company is targeting a 100% revenue growth in the current fiscal year, aiming to reach Rs 20 billion. Saatvik Solar, with a current solar module manufacturing capacity of 3.8 GW and an additional 2…
Stay informed on power sector updates. Subscribe here.