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SJVN inks MoU with Rajasthan government for 7 GW renewable energy projects

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SJVN has signed a Memorandum of Understanding (MoU) with the Energy Department of Rajasthan to advance renewable energy development in the state. As part of the MoU, SJVN will develop 5 GW of pumped storage projects and 2 GW of floating solar projects in Rajasthan. The agreement was formalized in the presence of Rajasthan’s Chief Minister, Bhajan Lal Sharma, and signed by Akhileshwar Singh, Director (Finance) SJVN, and Om Kasera, Managing Director of RRECL. SJVN…

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Power ministry to launch Rs 10 billion scheme for MSME energy efficiency

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The Ministry of Power (MoP) is set to launch a Rs 10 billion scheme to support energy efficiency initiatives among small and medium businesses, aiming to incentivize adoption of energy-efficient technologies.  Under the Bureau of Energy Efficiency’s ADEETIE scheme (Assistance in Deploying Energy Efficient Technologies in Industries & Establishments), the plan will provide interest subvention of approximately five percent for small enterprises and three percent for medium enterprises. Technologies covered include automation systems for resource…

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FREYR Battery to acquire Trina Solar’s US manufacturing assets

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FREYR Battery has signed an agreement to acquire Trina Solar’s 5 GW solar module manufacturing facility in Wilmer, Texas.  The acquisition is expected to be finalised by the end of 2024. The Wilmer plant, which began production on November 1, 2024, is slated to reach full capacity by 2025, with 30 per cent of its output already under firm contracts with US customers. Post-acquisition, FREYR plans a multi-phase expansion to establish a vertically integrated US…

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PGCIL invites bids for Andaman & Nicobar Islands HVDC link project

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Power Grid Corporation of India Ltd (PGCIL) has issued a consultancy tender for the interconnection of Andaman & Nicobar Islands (ANI) with India’s mainland grid. The scope of work covers: Route Alignment, Detailed Survey and Soil Investigation works for the Interconnection of North, Middle & South Andaman Islands. In May 2023, a clean energy approach via an HVDC link was proposed to the Ministry of Power (MoP), which could supply sustainable power to North, Middle,…

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Masdar, Sarawak Energy, and Gentari explore floating solar plant in Malaysia

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UAE’s Masdar has entered a joint study agreement with Sarawak Energy and Gentari to evaluate the feasibility of a floating solar power plant at the Murum Hydroelectric Plant reservoir in Sarawak, Malaysia. The study will assess the technical feasibility, environmental impact, and economic viability of the project. If implemented, the floating solar plant would strengthen Sarawak’s renewable energy capacity and set a regional example for floating solar solutions.  Sarawak Energy Group CEO Datuk Sharbini Suhaili…

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Apollo Green plans 500 MW solar module plant

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Apollo Green Energy is set to establish a 500 MW solar module plant within the next two to three years, aligning with India’s target to reach 500 GW of renewable capacity by 2030, up from the current 154 GW.  The company, specializing in renewable projects, has an order book of Rs 35 billion (USD 416 million) and aims to expand it to Rs 100 billion within this financial year.  The site for the plant is…

Power Sector News Roundup for November 4, 2024

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Global: IEA report forecasts US$2 trillion clean energy market growth, challenging oil industry dominance. Germany to bury nuclear waste, but toxic dispute remains unresolved. UK Government confirms rise in oil and gas headline tax alongside investment in clean energy. Asia to spend over USD 20 billion on EVs, according to a report. Moroccan government partners with Total Energies H2 for the ‘Chbika’ green hydrogen project. Blykalla and ABB partner to develop an SMR pilot facility…

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Georgia Power secures $160 million DOE grant for grid enhancement

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Georgia Power has received $160 million from the US Department of Energy (DOE) under the Grid Resilience and Innovation Partnerships (GRIP) programme to enhance the resilience and efficiency of Georgia’s power grid.  This funding, part of the Bipartisan Infrastructure Law, aims to lower investment costs for customers and boost grid flexibility, ensuring communities have reliable and affordable electricity. The grant will support various projects across Georgia, aiding the state’s transition to cleaner energy and the…

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Viaro Energy and Terrestrial Energy partner to develop IMSR nuclear project in the UK

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British energy company Viaro Energy and US-based Terrestrial Energy have signed a memorandum of understanding to develop the Integral Molten Salt Reactor (IMSR) nuclear project in the UK. The partnership aims to deliver reliable, emission-free, and cost-competitive nuclear energy using advanced reactor technology. Terrestrial Energy CEO Simon Irish emphasized that both companies share a vision for expanding nuclear energy to achieve energy security and net zero goals. They aim to deploy small and modular power…

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Ocean Winds and Eletrobras partner to explore offshore wind opportunities in Brazil

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Ocean Winds (OW) and Eletrobras have signed a memorandum of understanding (MoU) in São Paulo to collaborate on offshore wind energy projects in Brazil, aligning with the country’s renewable energy targets and economic development goals.  This partnership aims to harness Brazil’s wind resources to create a sustainable energy future while promoting local job creation and community development. OW, a 50/50 joint venture between EDP Renewables (EDPR) and Engie, has identified Brazil as a strategic market…