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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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COP29: IEEFA pushes banks to reorient lending for renewables, $400 billion annual funding shortfall

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The Institute for Energy Economics and Financial Analysis (IEEFA) has urged global action at the 29th Conference of Parties (COP29), emphasizing a $400 billion annual investment gap to meet renewable energy targets by 2030. Labelling COP29 as the “climate finance COP,” IEEFA’s new briefing highlights the need for policies incentivizing banks to redirect lending toward renewables. IEEFA’s report notes a significant rise in global renewable energy investments, increasing by 73%-78% from $329-424 billion in 2019…

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India’s climate policies set to cut 4 billion tonnes of CO2 by 2030: Report

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India’s climate policies are on track to reduce carbon dioxide emissions by around four billion tonnes from 2020 to 2030, leading to a 24% drop in coal-based power generation, according to a report by the Council on Energy, Environment and Water (CEEW). This projection surpasses India’s COP26 commitment to reduce emissions by one billion tonnes by 2030. CEEW’s analysis reveals that policies across India’s power, residential, and transport sectors saved 440 million tonnes of CO2…

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Battery storage critical for India’s shift from coal, renewable capacity lags behind

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India’s transition to renewable energy is encountering significant obstacles, according to a new report by Zero Carbon Analytics, as the country strives to meet its ambitious target of 500 GW of non-fossil fuel capacity by the early 2030s. Although renewable energy investment reached USD 12.4 billion in 2023, it is far from the USD 200 billion needed to achieve this goal. To stay on track, India needs to add 300 GW of new renewable capacity…

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STMicroelectronics signs PPA with BKH Solar for Malaysian operations

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STMicroelectronics has signed a 21-year power purchase agreement with BKH Solar, a joint venture between ENGIE Renewable SEA Pte Ltd and Conextone Energy Sdn Bhd, to procure around 50 GWh of renewable energy annually from a solar farm in Bukit Kayu Hitam, Kedah, Malaysia.  This agreement, under Malaysia’s Corporate Green Power Program, supports ST’s 2027 targets for carbon neutrality and full renewable energy sourcing across its operations, including its high-volume test and assembly facility in…

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EDF in talks to source nuclear power for 1 GW data centre projects in France

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Électricité de France (EDF) is negotiating with three suppliers to secure power for its planned 1 GW data centre projects in France, with a focus on nuclear energy as a clean power source for tech firms amid the rising energy demands driven by AI.  EDF executive director Marc Benayoun confirmed the ongoing discussions but withheld details on the companies involved, noting that site selection for the projects is still in progress. EDF expects to export…

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RWE chooses Thyborøn Port to build Denmark’s largest offshore wind farm

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RWE has commenced work on the Thor offshore wind farm project, Denmark’s largest offshore wind initiative to date, establishing key operational and construction bases at the Port of Thorsminde and Thyborøn Port.  The Thor wind farm, located 22 kilometers off the west coast of Jutland in the Danish North Sea, will have a capacity exceeding 1 GW and is expected to power over one million Danish households with green energy. At Thyborøn Port, RWE has…

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Lagos State calls for bids to develop 4 GW gas-fired power plants

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The Lagos State Government in Nigeria has invited bids from investors, independent power producers, and energy solution providers to develop up to 4 GW of gas-fired power plants.  This initiative, part of the Clean Lagos Electricity Market plan, aims to alleviate the city’s chronic power outages, which have impacted both households and businesses. While Lagos requires over 6 GW of electricity, it currently receives only up to 2 GW from the national grid. The state…

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Greenzo Energy secures EPC contract for 120 MW solar project in Nepal

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Greenzo Energy, a comprehensive green hydrogen and renewable energy solutions provider, has won an engineering, procurement, and construction (EPC) contract for a 120 MW ground-mounted solar project in Nepal.  Valued at Rs 5 billion, this contract boosts Greenzo’s order book to Rs 19 billion. Scheduled for phased completion by 2025, the project will consist of 12 clusters, each with a 10 MW solar installation. The project includes an advanced high-tension transmission line connecting directly to…

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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…