Day: September 13, 2024
Fertilizer major HURL working on a mega Rs 3,000 crore expansion plan
The PSU has a total capacity of 38 lakh tonnes at the three units put together, and it achieved 94 per cent capacity utilization last year. The three units have been set up at a cost of around Rs 27,900 crore.
IEX powers up green energy trading: Renewable certificates surge by 737%
The IEX’s Real-Time Market (RTM) has also seen a 28% rise in trading, while the Green Day Ahead Market (GDAM) posted a staggering 423% year-on-year growth. These numbers underscore how green energy is becoming central to India’s energy mix, driven by both government policy and market demand.
NLC India to triple power capacity by 2030 with ₹50,000 crore investment in renewable energy
NLCIL plans to increase its renewable energy portfolio to 50% of its total planned capacity, raising its renewable energy (RE) capacity from 1.43 GW to 10.11 GW. This shift will involve an investment of approximately ₹50,000 crore, aimed at supporting India’s broader renewable energy targets and…
Sumitomo Corporation, AMPIN Energy form JV with ₹100 billion investment to boost renewable energy in India
Under the agreement, AMPIN will hold a 51% majority in the JV, with Sumitomo Corporation holding the remaining 49%. The allocated funds will be directed towards the development, construction, and operational phases of projects connected to the State Transmission Utility (STU), specifically…
Thermax, UK firm partner for green hydrogen manufacturing
It will take 12 months for Thermax to develop a first prototype and 18 months to finalise the site to set up the manufacturing facility. It to set up a 100MW capacity plant, which will translate to 20,000 tonnes of green hydrogen a year, MD & CEO of Thermax, Ashish Bhandari, said.
With a million home batteries, we could build far fewer power lines. We just need the right incentives
Energy storage is the special sauce that makes renewables work anytime, anywhere and everywhere. Being able to send this stored renewable energy back to the grid on demand makes the most of the existing electricity network, including transmission lines.
Gujarat leads the nation in wind power generation: Minister
The minister said that as of July 31, wind power projects with a capacity of 47,075.43MW have been set up in the state and 12,132.78MW of power is being generated. This is 25.8 Percent of the country's total wind energy production, the minister added.
Iberdrola, BP to build 25-MW green hydrogen project in Spain
The project, which will benefit from a 15-million-euro ($16.5 million) EU subsidy, is designed to help BP reduce the carbon footprint of its oil refinery located in Castellon, the two companies said in a joint statement.
Safety approval shadow over state’s solar plan
All new solar rooftop projects, including residential projects, above 10 KiloWatt capacity in Karnataka will now require safety approval from the Chief Electrical Inspector to the government of state (CEIG).
India partners with EU Hydrogen Week, signs key ammonia import deal at ICGH-2024
The Ministry of New and Renewable Energy (MNRE) stated that India’s green hydrogen sector is expected to create over four crore jobs by 2050. Over 100 industry players and 2,000 delegates attended the conference, marking a major milestone in India's green hydrogen push.