Power Sector News Roundup for December 3, 2024

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Global Siemens and Tietoevry partner for power utilities’ digital transformation SAS and SES sign Taiwan’s first joint CPPA for offshore wind energy Pilbara Minerals and POSCO open Korea’s first lithium hydroxide plant Indonesia explores nuclear power technology, renewable energy expansion MHI secures MOX fuel order for Ikata nuclear plant Tasmania’s first utility-scale solar farm secures offtake with Hydro Tasmania Renewable Power Capital secures refinancing for Klevberget wind farm in Sweden NSCH partners with ENGIE for…

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Madhya Pradesh secures coal allocation for 4,100 MW thermal power plants

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The Union government approved coal allocation for Madhya Pradesh on 28 November 2024 to establish thermal power plants with a combined capacity of 4,100 MW. This was the first approval for coal allocation in five years, with the last granted in 2019 for plants totaling 1,360 MW. The new power plants are expected to attract investments of Rs 250 billion and create significant direct and indirect employment opportunities, according to Neeraj Mandloi, Additional Chief Secretary…

Power Sector News Roundup for November 8, 2024

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Global: European clean energy stocks fall amid Trump’s victory and policy concerns Global energy efficiency improvements lag behind COP28 targets: IEA Nigeria calls for bids to develop 4 GW gas-fired power plants Ireland’s EirGrid awards contracts for renewables integration technologies RWE chooses Thyborøn Port to build Denmark’s largest offshore wind farm EDF in talks to source nuclear power for 1 GW data centre projects in France Ireland releases geophysical data ahead of 900 MW offshore…

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Nomura projects 7% CAGR in India’s power demand through FY27

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Nomura has projected robust growth for India’s power sector, forecasting a compound annual growth rate (CAGR) of over 7% in electricity demand from FY24 to FY27.  This surge is fueled by rising economic activity, increased electrification, and demand growth in emerging sectors such as data centres, electric vehicle (EV) charging, and green hydrogen production. Changing weather patterns, which have contributed to recent supply shortages, are also anticipated to drive demand. Electricity consumption is expected to…

Power Sector News Roundup for November 7, 2024

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Global: Trump as US president will deepen climate crisis: Policy experts Masdar, Sarawak Energy, and Gentari explore floating solar plant in Malaysia GE Vernova launches HVDC Competence Center in Berlin Global shift towards sustainable energy drives $3.1 trillion investment surge EWEC receives three bids for 1,500 MW Khazna Solar PV project in Abu Dhabi Cubico unveils Scout Moor II: 100 MW wind project to power 100,000 UK homes Singapore’s Punggol Digital District to feature first…

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India’s power sector warned of potential overinvestment risks amidst capacity expansion plans

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As India aims to double its power capacity to 900 GW by 2030, a report by Aequitas Investments highlights concerns about potential overinvestment, cautioning against repeating past industry missteps. The report points to aggressive bidding without firm power purchase agreements (PPAs) and a reliance on costly imported coal, warning that these practices could lead to financial instability reminiscent of the 2008 sector downturn. The analysis reveals that private sector expansions since FY 2010 have faced…