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Inox Wind secures 87 MW order from Continuum Green Energy

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Inox Wind Limited (IWL) has secured an 87 MW order from Continuum Green Energy for its 3 MW Wind Turbine Generators (WTGs). This repeat order will be executed on turnkey basis, with IWL providing multi-year operations and maintenance services post-commissioning. The projects are slated for Gujarat and Rajasthan. This addition brings Continuum’s total orders with IWL to approximately 700 MW and elevates IWL’s order book to over 3.4 GW, marking its highest level to date.  …

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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…

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AM Green places largest order for electrolyser with John Cockerill

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AM Green has placed an order with John Cockerill for a 1.3 GW advanced pressurised alkaline electrolyser for its existing plant in Kakinada, Andhra Pradesh. This marks the largest electrolyser order in India to date.  The project, set to begin production in the second half of 2026, will supply electrolysers in two phases of 640 MW each. It aims to produce green hydrogen and convert it into green ammonia. In support of this project, AM…

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NTPC Q2 FY 2025 net profit rises 14% to Rs 53.8 billion, revenue slightly declines

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State-run power generator NTPC Ltd reported a consolidated net profit of Rs 53.8 billion for the second quarter of 2024-25 (Q2 FY 2025), a 14% increase from Rs 47.26 billion in the same period last year. Revenue from operations in the September quarter stood at Rs 446.96 billion, a slight decline from Rs 449.83 billion reported in the corresponding quarter of the previous fiscal year. As India’s largest integrated power utility, NTPC contributes 25% of…

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Avaana Capital raises $135-mn climate-tech VC fund

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Avaana Capital, India’s climate-focused venture capital firm, has infused its Avaana Climate and Sustainability Fund with USD 135 million, supported by prominent institutional investors, including the Green Climate Fund (GCF).  Anjali Bansal, partner at Avaana Capital, highlighted the significance of this support, emphasizing the role of innovation in driving climate action and creating long-term impact. The fund aims to build the next generation of climate-first companies across three core sectors—Energy and Resource Management, Mobility and…

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GreenLine Mobility to expand LNG fleet, aims for 1,000 more trucks by March 2025

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GreenLine Mobility Solutions Ltd, a key entity in Essar’s green mobility initiative, plans to expand its fleet by adding 1,000 Liquefied Natural Gas (LNG)-powered trucks by March 2025. This move aligns with India’s strategy to decarbonise the logistics sector and reduce emissions in its journey towards net zero by 2070. GreenLine’s CEO, Anand Mimani, emphasized the company’s commitment to sustainable logistics, aiming to meet the rising demand for eco-friendly solutions as corporations increasingly prioritize Environmental,…

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Schneider Electric launches Miluz ZeTa home range of switches and sockets

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Schneider Electric has unveiled “Miluz ZeTa,” its latest range of switches, sockets, and home connectivity solutions in the Indian market.  The Miluz ZeTa collection features innovations like a patented space-saving switch socket, an Air Quality Indicator (AQI), and a Voltage Surge Protector (VSP). Compatible with the Schneider Electric Wiser system, the range facilitates seamless energy management and smart home integration. The Miluz ZeTa range, which recently won an accolade at India’s Best Design Awards 2024,…

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Iskraemeco to establish new development centre in India

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Switzerland-based Iskraemeco Group, after selling its smart meter manufacturing unit in India to Kaynes Technology India Ltd, has announced plans to set up a new software development centre in India. The centre will focus on electricity metering and data processing, reinforcing Iskraemeco’s ongoing presence in the country. The sale of Iskraemeco India aligns with the group’s strategy to emphasize digital energy and water management solutions using platforms like Symbiot Head-End Systems (HES) and Symbiot Meter…

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Tata Power secures LoI from RECPDCL for power transmission project

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Tata Power Limited has received a letter of intent (LoI) from REC Power Development and Consultancy Limited (RECPDCL), a subsidiary of REC Limited, to acquire the special purpose vehicle (SPV) ERES-XXXIX Power Transmission Limited.  The project, to be developed on a build-own-operate-transfer (BOOT) basis, will offer transmission services for 35 years starting from the commercial operation date scheduled for December 31, 2027. The project includes the construction of a 2×1500 MVA, 765/400 kV gas-insulated switchgear…