India | News

NLC India to invest Rs 16.3 billion in renewables arm

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NLC India Limited has approved an equity investment of up to Rs 16.30 billion in its wholly-owned subsidiary, NLC India Renewables Limited (NIRL). The in-principle approval is subject to clearances from the Department of Investment and Public Asset Management (DIPAM) and other relevant authorities. The funds will support NLC’s ongoing renewable energy projects under NIRL. The company is also planning to transfer 1.4 GW of its operational renewable assets to NIRL. This portfolio will then…

Global | News

Vietnam plans $136.3bn shift to renewables and nuclear by 2030

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Vietnam will invest $136.3 billion in its power sector by 2030 to expand capacity and reduce coal use. Installed capacity is set to grow from over 80 GW in 2023 to between 183 GW and 236 GW. Coal’s share will fall to 13.1%–16.9%. Solar will rise to 25.3%–31.1%, wind to 14.2%–16.1%, and LNG to 9.5%–12.3%. Offshore wind may add 6–17 GW between 2030 and 2035, though no plants exist yet. The plan revives Vietnam’s nuclear…

India | News

Adani Group to invest Rs 7 trillion in Rajasthan for renewable energy

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Adani Group has announced plans to invest over Rs 7 trillion in Rajasthan across multiple sectors, including renewable energy.  The investment includes developing 100 GW of renewable energy capacity, aiming to create the world’s largest integrated green energy ecosystem. The projects are expected to be implemented over the next five years.

Global | News

EDC allocates USD434 million to expand Southern Negros Geothermal Project

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Energy Development Corporation (EDC) has committed USD434 million to expand the Southern Negros Geothermal Project (SNGP).  The investment will support new well drilling, pad expansion, road and pipeline network upgrades, and the integration of emerging technologies.  Currently, the SNGP operates at a dependable capacity of 221.8 MW across multiple geothermal plants, with this expansion set to strengthen infrastructure and increase output.