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Floating Offshore Wind: Key to Achieving Global Renewable Energy Goals by 2030

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The global push to limit temperature rise to 1.5°C includes decarbonizing hard-to-abate sectors. At COP 28, leaders pledged to triple renewable energy capacity by 2030. Offshore wind, with its high efficiency and competitiveness, is key to these efforts. In 2022, offshore wind reached 63 GW of installed capacity, but to meet the 1.5°C target, this needs to grow to 494 GW by 2030 and 2,465 GW by 2050. Floating offshore wind, a promising subset, can…

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Impact of Green Hydrogen Production on India’s Power System

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Green hydrogen (GH2) is set to play a pivotal role in India’s path toward decarbonization. The country’s goal of producing 5 million tonnes of green hydrogen annually by 2030 is a key part of its strategy to reduce greenhouse gas emissions. This shift will require significant changes in India’s power system, particularly in the integration of renewable energy sources and grid flexibility. Below is a detailed analysis of the necessary adjustments to meet the rising…

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Pupuk Indonesia to procure green hydrogen from PLN and ACWA

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PT Pupuk Indonesia (Persero) has signed a Head of Key Terms (HoT) agreement with ACWA Power, PLN Energi Primer Indonesia, and PLN Indonesia Power to secure green hydrogen for scaling up its green ammonia production. This collaboration, which began last year, aims to ensure a steady supply of green hydrogen, the key raw material for producing green ammonia, which Pupuk Indonesia will use to manufacture urea and NPK fertilizers. A joint venture between ACWA Power…

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India’s Path to Net Zero: Strategy for Decarbonizing the Energy Sector

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India’s energy sector contributes significantly to its greenhouse gas emissions. In 2023, energy-related emissions accounted for about 75% of the country’s total carbon footprint. The electricity sector alone was responsible for over 40% of the total emissions, primarily due to coal-based power generation. This highlights the urgent need for a green transition in electricity production. India is already making strides, with solar and wind capacities growing, but a lot more is required to address these…

7. Innovation in Power Sector: Shaping the Future with Emerging Technologies

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The power sector, once defined by heavy infrastructure and long-established methods, is now in the midst of a remarkable transformation. Technological innovation is driving new possibilities, making the industry smarter, cleaner, and more efficient. Let us take a dive into some of the most exciting emerging technologies and see how they are reshaping the way we generate, distribute, and manage energy. Smart Meters: Empowering Consumers and UtilitiesSmart meters are quietly revolutionizing how we consume electricity….

Key Power Sector News Roundup for September 24, 2024

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India Finalizes National Electricity Plan for 2032 with Rs 9 Trillion Outlay India’s National Electricity Plan (2023-2032), announced by Union power minister Manohar Lal, targets a Rs 9 trillion investment to meet a 458 GW peak demand by 2032. The plan includes expanding transmission networks to 0.65 million ckm, adding 33.25 GW HVDC systems, and boosting interregional transfer capacity. Renewable energy evacuation and pumped storage projects also receive major focus. Power Minister Launches CSIRT-Power to…

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Cabinet approves two green hydrogen units in Mumbai Metropolitan Region

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The State Cabinet has approved the establishment of two green hydrogen production units in the Mumbai Metropolitan Region (MMR), with a production capacity ranging from 10 to 15 kilo tonne per annum (KTPA). These units will be selected as anchor projects, in line with the 2023 Government Resolution, which defines an anchor unit as one of the first three commissioned green hydrogen projects with a minimum capacity of 50 KTPA. Green hydrogen has versatile applications,…

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Uttar Pradesh secures Rs 1.15 trillion in green hydrogen investments

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Uttar Pradesh has attracted private investment proposals totaling nearly Rs 1.15 trillion in the green hydrogen sector, as part of its efforts to bolster the state’s clean energy roadmap. Seventeen companies have submitted proposals, which are expected to create 20,000 jobs. Among the key investors, UK-based Trafalgar Square Capital plans to set up a 10,000-tonnes-per-annum green hydrogen production facility near Lucknow. Textile giant Welspun Group is investing Rs 400 billion in a green hydrogen or…

Key Power Sector News Roundup for September 21, 2024

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NTPC Signs MoU for 25 GW Renewable Energy in RajasthanNTPC and Rajasthan’s state power utility have formed a joint venture to develop 25 GW of renewable energy projects, with a focus on green hydrogen production. This initiative will significantly boost India’s clean energy capacity. Amazon and Partners Expand EV Charging NetworkAmazon and its partners are rolling out electric vehicle charging infrastructure in Bengaluru, targeting 9,500 EVs by 2030. The charging stations will be powered by…

Key Power Sector News Roundup for September 20, 2024

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Tata Group and Analog Devices Collaborate on SemiconductorsTata Group and Analog Devices have partnered to explore semiconductor manufacturing in India, focusing on applications for electric vehicles and network infrastructure.  uctor supply chain. Sunsure Energy Secures Rs 100 Billion REC FinancingSunsure Energy has secured Rs 100 billion in financing from REC to support 3 GW of solar, wind, and energy storage projects, aiming to offset 5 million tonnes of CO2 annually and aid India’s green energy…