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BP completes acquisition of full stake in Lightsource bp, expanding renewable energy capabilities

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BP has finalized its acquisition of the remaining 50.03% interest in Lightsource bp, fully integrating its 62 GW renewable energy pipeline across 19 markets worldwide into BP’s portfolio. Although BP now has full ownership, Lightsource bp will retain its brand and operate independently. This acquisition enhances BP’s renewable energy reach, supporting its broader low-carbon initiatives, including power trading, EV charging, biofuels, and green hydrogen production. BP’s executive vice president for gas and low carbon energy,…

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Schneider Electric partners with Noida International Airport for advanced energy management solutions

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Schneider Electric has formed a strategic partnership with Noida International Airport to implement advanced building and energy management systems. This collaboration aims to enhance the airport’s operational efficiency and sustainability through comprehensive building management technologies, including Electrical SCADA and Advanced Distribution Management Systems. The partnership will optimize energy use, lower operational costs, and reduce environmental impact by integrating renewable energy sources and intelligent building management systems. Schneider Electric’s automation and control technologies will improve overall…

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IBM acquires Prescinto to enhance renewable energy asset management

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IBM has acquired Prescinto, a Bangalore-based provider of asset performance management (APM) software-as-a-service (SaaS) for renewable energy.  Prescinto leverages AI to streamline operations, manage clean energy and storage assets, and provide advanced monitoring and analytics. The acquisition is set to boost IBM’s Maximo Application Suite (MAS) by offering near real-time performance tracking for solar, wind, and energy storage assets, optimizing generation, and supporting clients’ sustainability and net-zero initiatives. Founded in 2016, Prescinto manages 16 GW…

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Tembo Global secures PPA for 124 MW solar project in Maharashtra

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Tembo Global Industries announced it has secured its first power purchase agreement (PPA) from the Maharashtra government for a 124 MW solar project.  The project, with an estimated cost of Rs 5.95 billion, is expected to be completed within 18 months, the company said in an exchange filing. This solar initiative will not only bolster the local energy supply but also create jobs and stimulate economic growth in the region. Tembo’s investment in solar energy…

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Delhi Metro’s Blue Line awarded carbon-neutral certification

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Delhi Metro’s Blue Line, connecting Yamuna Bank with Vaishali in Ghaziabad, has received carbon-neutral certification, marking a significant milestone for the Delhi Metro Rail Corporation (DMRC). Officials highlighted this achievement as part of DMRC’s commitment to reducing its carbon footprint and addressing climate change. This certification follows similar recognition for DMRC’s corporate headquarters at Metro Bhawan and staff quarters in Sector-50, Noida.  DMRC aims to inspire other urban transport systems to adopt eco-friendly practices, setting…

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IREDA receives approval to launch subsidiary for retail renewable energy business

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The Indian Renewable Energy Development Agency (IREDA) has received in-principle approval from the Department of Investment and Public Asset Management (DIPAM) to establish a wholly-owned subsidiary focused on retail and B2B renewable energy sectors.  This new entity will manage initiatives under PM-Suryaghar (Rooftop Solar), PM-KUSUM schemes, and other B2C segments, while also exploring emerging sectors such as electric vehicles (EVs), energy storage, and green technologies.

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Indore on a 100-day mission to become world’s first energy-literate city

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Starting December 1, Indore will embark on a transformative initiative, the ‘Indore Climate Mission’, to establish itself as the world’s first energy-literate city. The campaign, led by the Indore Municipal Corporation in partnership with the Energy Swaraj Foundation, aims to engage 3.5 million residents in reducing carbon emissions through sustainable practices in their daily lives. The first phase, lasting 100 days, will focus on training residents in energy conservation techniques. Led by Professor Chetan Singh…

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ICMR partners with NTPC Vidyut Vyapar Nigam to promote solar energy in healthcare research

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The Indian Council of Medical Research (ICMR) has signed a Memorandum of Understanding (MoU) with NTPC Vidyut Vyapar Nigam (NVVN) to harness solar power for its institutes across India. This initiative aligns with the Prime Minister’s “Atmanirbhar Bharat” vision and supports India’s renewable energy goals. NVVN will install, test, and maintain rooftop solar panels at 15 ICMR institutes, with a total capacity of 4,559 KW. The project includes a 25-year Power Purchase Agreement (PPA) offering…

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CtrlS Datacenters to launch 50 MW solar power plant

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Hyderabad-based CtrlS Datacenters is set to launch a 50 MW solar power plant within the next 12 to 15 months as part of its goal to power its data centres entirely with renewable energy. The company aims to raise USD 300 million this financial year to support its expansion and green initiatives. These funds will be allocated for land acquisition (10-15%), data centre infrastructure (60%), and renewable energy projects (15-20%), including the solar plant. This…

Power Sector News Roundup for October 8, 2024

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Global: Malaysia’s power utility partners with Keppel to supply 100 MW in cross-border deal Taihan Cable secures contract for Singapore’s 400 kV power grid Runergy launches solar module manufacturing facility in US EET to develop UK’s first large-scale low-carbon hydrogen hub CWP Global to develop 600 MW green hydrogen project in Angola India: IEX posts 24% growth in trading volume, REC prices hit all-time low in September 2024 GAIL, AM Green signs MoU to jointly…