Similar Posts
JSW signs PPA with GUVNL for wind-solar hybrid project
JSW Renew Energy Seventeen, a subsidiary of JSW Energy, has entered into a power purchase agreement (PPA) with Gujarat Urja Vikas Nigam Ltd (GUVNL) for a 192 MW wind-solar hybrid capacity connected to the state transmission utility (STU) in Gujarat. This is the company’s first PPA for a wind-solar hybrid project, with the power set to be supplied for 25 years at a tariff of Rs 3.27 per kWh. The project is scheduled for commissioning…
First Solar’s Q2 profit soars amid strong demand and favourable policies
First Solar, US, reported that its second-quarter (Q2) profit more than doubled, benefiting from stable demand for its products. The company’s cadmium telluride solar panels are favoured by developers due to their independence from polysilicon, a material predominantly produced in China and used in most solar panels. US utilities are ramping up infrastructure investments as power consumption in the world’s largest economy is projected to hit record highs in 2024 and 2025, driven by the…
Axess Technologies secures cable installation contract for Denmark’s Thor offshore project
Axess Technologies has won a contract from HSM Offshore Energy to install platform cables at the 1060MW Thor offshore wind farm, located off Denmark’s west coast. The project, starting in Q1 2025, involves the installation of 66kV and 275kV internal platform cables in the Thor offshore substation topside. Once fully operational in 2027, Thor will become Denmark’s largest offshore wind facility, providing clean energy to over one million households. This is Axess Technologies’ first contract…
Equinor cancels plans for Vietnam offshore wind investments amid regulatory delays
Norway’s state-controlled energy giant, Equinor, has cancelled its plans to invest in Vietnam’s offshore wind sector, marking a setback for the country’s green energy ambitions. Vietnam has attracted international interest due to its strong winds in shallow waters near coastal, densely populated areas. However, delays in regulatory reforms have led some potential investors to reconsider their plans. “We have decided to discontinue our business development in Vietnam and to close our office in Hanoi,” an…
Ohmium to invest Rs 4 billion in Tamil Nadu for green hydrogen plant
Tamil Nadu has secured a Rs 4 billion investment from US-based Ohmium International, Inc., to establish a green hydrogen manufacturing facility in Chengalpattu district. This announcement was made by Chief Minister M K Stalin during his visit to the United States. Ohmium International specializes in designing and manufacturing modular, scalable Proton Exchange Membrane (PEM) electrolyzers, which are essential for cost-competitive green hydrogen production. The company’s electro-chemical products support sustainable energy goals across various industrial, transportation,…
NLC India and RRVUNL to set up lignite-based thermal power plant in Rajasthan
NLC India Limited (NLCIL) has entered into a joint venture agreement with Rajasthan Rajya Vidyut Utpadan Nigam Limited (RRVUNL) to establish a 3×125 MW lignite-based thermal power plant in Rajasthan, along with developing lignite mines to fuel the station. The initial paid-up capital for this project is set at Rs 500,000, with NLCIL holding a 74% stake and RRVUNL holding 26%. In addition, NLC India Renewables Limited, a subsidiary of NLCIL, has also signed a…