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Zelestra Energy signs PPAs with SJVN and Daimler for renewable power

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Zelestra Energy (formerly Solarpack Corporación Tecnológica S.L) has signed a 25-year power purchase agreement (PPA) with SJVN Limited for setting up a 140 MW Firm and Dispatchable Renewable Energy (FDRE) power project in Solapur, Maharashtra. The agreement was finalized on March 20, 2025. The project will involve the installation of 250 MWp solar, 180 MW wind, and a 90 MWh battery energy storage system (BESS) to ensure the firm supply of 140 MW power to…

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IEA’s Fatih Birol: Fossil fuel demand to peak as world enters “age of electricity”

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Fatih Birol, executive director of the International Energy Agency (IEA), stated that with fossil fuel demand expected to peak within the next five years, the world is approaching a new “age of electricity.” In a recent press release, the Turkish economist highlighted that the surplus in oil and gas supplies could drive significant investments in green energy. Birol noted that in the latter half of this decade, the global energy landscape could shift substantially, with…