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Powering East and Northeast India’s clean energy future

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  At the Rising North East Investor Summit 2025, energy emerged as a core focus of India’s development agenda for the region. The summit attracted Rs 4.3 trillion in investment proposals, with energy and infrastructure leading interest. Mukesh Ambani committed Rs 75,000 crore for agriculture, digital services, and local enterprises. Gautam Adani pledged Rs 50,000 crore, and Anil Agarwal over Rs 30,000 crore. Several proposals target clean energy, including new hydro and transmission infrastructure. Union…

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Vietnam approves amended National Power Development Plan VIII

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Vietnam has officially approved the amended National Power Development Plan VIII (PDP VIII) for the 2021-2030 period, with a long-term vision extending to 2050. This revision, under Decision 768/QD-TTg, replaces the previous version (Decision 500/QD-TTg) and responds to the country’s growing electricity demand and its commitment to achieving net-zero emissions by 2050. The revised plan addresses Vietnam’s rapid economic growth, with the aim to support annual average GDP growth of 10% between 2026 and 2030,…

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Hitachi Energy secures contracts for HVDC converter stations in Germany

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Hitachi Energy has won contracts worth over €2bn ($2.08bn) with Amprion, a German transmission system operator, to supply four converter stations for two high-voltage direct-current (HVDC) links, V48 and V49.  These links are integral to Germany’s clean energy transition, transporting power from the North Sea coast to the Ruhr Region, serving four million people. Hitachi Energy will provide and install two HVDC Light converter systems, each with a 2GW capacity and operating at 525kV.  The…

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PM Surya Ghar scheme achieves 630,000 rooftop solar installations

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The PM Surya Ghar: Muft Bijli Yojana (PMSGMBY) has achieved 630,000 rooftop solar installations, averaging 70,000 installations per month. The initiative aims to surpass 1 million installations by March 2025 and reach 10 million by 2027. Key states such as Gujarat, Maharashtra, Kerala, and Uttar Pradesh have shown significant progress due to robust infrastructure and effective coordination. Early resolution of challenges like load enhancements and regulatory approvals has ensured smooth implementation. By November 2024, Rs…

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Indonesia explores nuclear power technology, renewable energy expansion

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Indonesia is in talks with the US and Russia to acquire nuclear power technology, targeting the operation of nuclear power plants by 2036, as reported by Reuters. Vivi Yulaswati, deputy minister at the Ministry of National Development Planning, revealed that the country is evaluating both small modular reactors and conventional nuclear technology to reduce reliance on fossil fuels.  However, Indonesia’s seismic activity poses significant challenges for adopting nuclear energy. Approval from the president and international…

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ADB and Gulf Renewable Energy secure $820m for Thai renewable projects

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The Asian Development Bank (ADB) and Gulf Renewable Energy Company, a subsidiary of Gulf Energy Development Public Company, have finalized an $820 million loan agreement to fund 12 renewable energy projects in Thailand.  These include eight ground-mounted solar photovoltaic (PV) plants and four solar PV plants integrated with battery energy storage systems (BESS). The projects have a combined solar PV capacity of 393 MW, with the solar plus BESS plants adding 256 MW of generation…

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RIC Energy and Rosemawr partner to deploy 450 MW solar and storage in New York

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RIC Development, LLC (“RIC Energy”) has partnered with Rosemawr Management to finance interconnection deposits for up to 450 MW of solar and energy storage projects in New York over the next three years.  This partnership will help advance projects through the NYISO interconnection queue.  Additionally, it will allow RIC Energy to grow its portfolio, and increase access to affordable, clean energy for local communities. Jonathan Rappe, CEO of RIC Energy North America, highlighted the profound…

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Ofgem urges faster grid connections for renewables in UK

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The UK’s Office of Gas and Electricity Markets (Ofgem) has called on network operators to expedite the connection of renewables, clean power, and storage projects to the grid.  In response to a backlog of 722 GW of projects awaiting connection, Ofgem has set forth proposals to streamline the process, prioritising projects ready to operate within five years to help meet the UK’s 2030 energy goals. Ofgem’s reform plan focuses on optimal project placement and voltage…

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India approves 50 solar parks to boost 37.5 GW renewable capacity

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The Union Ministry of Renewable Energy has approved the establishment of 50 solar parks with a combined capacity of 37.5 GW, marking a major milestone in India’s renewable energy journey.  These solar parks will be strategically placed across various states to optimize energy generation and distribution, supporting India’s goal to transition towards cleaner energy sources and reduce reliance on fossil fuels. Alongside the solar parks, the government is expanding offshore wind energy projects along the…

Power Sector News Roundup for November 5, 2024

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Global: ACWA Power secures $240 million IFC loan for Uzbekistan’s RE projects HydroWing and PLN to develop Indonesia’s first tidal energy plant Huasun Energy to supply 1 GW of HJT solar modules for Power China’s offshore PV project Avantus sells Catclaw Solar and Energy Storage Project to DESRI India: Premier Energies’ subsidiaries receive orders worth Rs 5.6 billion Gensol Engineering secures Rs 7.8 billion solar EPC order in Maharashtra NTPC and ONGC partner to drive…