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NTPC explores global partnerships to develop small modular reactors in India

NTPC is in discussions with global nuclear technology leaders EDF (France), Rosatom (Russia), and Westinghouse Electric Corporation (US) to build small modular reactors (SMRs) in India.  These factory-built reactors, with capacities of up to 300 MW, are being planned for locations unsuitable for larger nuclear plants and will support India’s target of achieving 20 GW of nuclear power capacity by 2030, up from the current 7.48 GW. Aligned with India’s broader goal of 500 GW…

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ABB India: Driving sustainability and industrial growth in power automation

  ABB India Limited has been operating in power and automation technology for over a century. Headquartered in Bengaluru, it has 25 plants across five main campuses in Bengaluru, Vadodara, Faridabad, Nashik, and Pune. The company operates through four major business areas: Electrification, Motion, Process Automation, and Robotics & Discrete Automation. In the Electrification segment, ABB provides advanced MV & LV switchgear, distribution boards, and digital power solutions. The Motion segment supplies energy-efficient motors and…

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Acciona to build 225 MW solar plant for Kallpa Generación in Peru

Acciona has announced plans to construct a 225 MW photovoltaic plant in La Joya, Arequipa, Peru, for the electricity company Kallpa Generación.  Spanning 549 hectares, the project will feature 371,040 high-performance bifacial solar panels with advanced technology. The solar farm is expected to generate 611 GWh of clean energy annually, enough to power 547,000 households and reduce CO₂ emissions by 215,000 tonnes each year. The plant will connect to the Peruvian power grid via the…

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Equinor cuts 20% of renewables workforce amid offshore wind challenges

According to a report by Reuters, Norway’s Equinor is reducing its renewables workforce by 20%, approximately 250 full-time roles, due to challenges in the offshore wind sector.  These challenges include cost inflation, high interest rates, and supply chain issues. Employees directly employed by the parent company will be offered roles in other business areas to minimize the number of layoffs. The company, which plays a significant role in the global offshore wind sector, has exited…

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Synera Renewable secures permit for Formosa 4 wind project in Taiwan

Synera Renewable Energy (SRE) has received an establishment permit from Taiwan’s Energy Administration for its 495MW Formosa 4 Offshore Wind Project, marking a key milestone in Taiwan’s Phase 3 Zonal Development of Offshore Wind. Located off Miaoli County, Formosa 4 is the first project in this auction round to secure a local government letter of consent, a vital step toward the final establishment permit. Once operational, Formosa 4 will power over 500,000 households, making it…

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Masdar and SOCAR achieve financial close for 760MW solar projects in Azerbaijan

Masdar and SOCAR Green have achieved financial close for two solar projects in Azerbaijan: the 445MW Bilasuvar plant and the 315MW Neftchala plant, with a combined capacity of 760MW. The total investment for the projects exceeds $600 million, funded by the European Bank for Reconstruction and Development, the Asian Development Bank, and the Asian Infrastructure and Investment Bank. The financial agreements were signed during the COP29 conference in November 2024 in Baku, Azerbaijan. Groundbreaking for…

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Saudi Arabia signs $9.3bn PPAs for 9.2GW power projects

The Saudi Power Procurement Company (SPPC) has signed power purchase agreements (PPAs) for five independent power producer (IPP) projects, totalling 9.2GW in capacity, as reported by Zawya. The projects include thermal and solar photovoltaic (PV) power initiatives, with a combined investment of 35 billion Saudi riyals ($9.3 billion), supporting Saudi Vision 2030 goals for a balanced energy mix. The thermal projects, Rumah 1 and 2 and Nairyah 1 and 2, will utilize combined cycle gas…

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TAQA, JERA, and AlBawani to develop 3.6 GW power plants in Saudi Arabia

The consortium of Abu Dhabi National Energy Company (TAQA), JERA Co., Inc., and AlBawani Capital has signed two 25-year power purchase agreements (PPAs) with the Saudi Power Procurement Company (SPPC) to develop the 1.8 GW Rumah 2 Independent Power Project (IPP) and the 1.8 GW Al Nairyah 2 IPP. These greenfield combined cycle gas turbine (CCGT) power plants will have a total capacity of 3.6 GW, using advanced high-efficiency gas turbines and supporting carbon capture…

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TVA signs 10-year PPA for 14 GWh carbon-free energy with Smoky Hydro

The Tennessee Valley Authority (TVA), along with Argo Infrastructure Partners and Brookfield Asset Management, has finalized a 10-year power purchase agreement (PPA) for carbon-free energy from the Smoky Mountain Hydroelectric facilities. The agreement covers four hydroelectric dams—Cheoah, Calderwood, Chilhowee, and Santeetlah—jointly owned by Argo and Brookfield. Starting in 2025, Smoky will deliver over 14 gigawatt-hours of renewable energy annually to TVA customers, supporting TVA’s commitment to net-zero emissions by 2050. The 377-megawatt portfolio generates an…

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Adani Group to invest USD 35 billion in renewable energy over five years

The Adani Group has announced plans to invest USD 35 billion over the next five years to establish large-scale renewable energy plants across India.  The focus will be on solar, wind, and hybrid energy systems, aiming to play a significant role in the global energy transition. Sagar Adani, Executive Director of Adani Green Energy, revealed this initiative during a CEO panel discussion at the SBI Economic Conclave. He described it as one of the world’s…