Rachel Reeves, the UK’s Chancellor of the Exchequer, delivered Labour’s first budget in over a decade, confirming a rise in the headline tax rate for the oil and gas industry to 78%, one of the highest globally. This tax will also extend until 31 March 2030. The UK Offshore Energies Association (OEUK) warned in September…
The Cabinet of Arunachal Pradesh has approved the Arunachal Pradesh Comprehensive State Power Development Program with a budget outlay of Rs 20 billion to be implemented over four years. The programme focuses on strengthening the state’s power infrastructure, electrifying unserved areas, and preparing for a hydropower-driven future. The scheme aims to develop sub-transmission and distribution…
Canadian Solar’s subsidiary Recurrent Energy has signed two 20-year tolling agreements with Arizona Public Service Company (APS), set to boost Arizona’s renewable energy capacity by 2026. The agreements cover the Desert Bloom Storage (600MWh) and Papago Solar (150MWac) projects, both located in Maricopa County, with construction starting in 2025 and operations slated for 2026. These…
Tata Consultancy Services (TCS) is collaborating with Tata Electronics to introduce India’s first domestically produced semiconductor chips by 2026. Tata Electronics is leading the manufacturing efforts, targeting industries such as automotive, electronics, power, consumer goods, and healthcare. TCS will contribute through semiconductor design, engineering, and related services, including software solutions and IP-based products. The India…
JSW Energy Limited has added 317 megawatts (MW) of renewable capacity in August 2025, raising its total installed capacity to 13,097 MW. The new capacity includes 240 MW from the Kutehr hydro project, 43 MW of wind power, and 34 MW of solar installations. With this addition, renewable energy accounts for 57 percent of the…
Shakti Pumps (India) Limited reported its highest-ever consolidated first-quarter revenue in Q1 FY27, supported by higher solar pump installations and continued execution of government-backed solar irrigation orders. Consolidated revenue from operations reached Rs 8,587 million, up 37.9% from Rs 6,225 million in Q1 FY26 and broadly unchanged from Rs 8,578 million in Q4 FY26. While…