APT Translations

A report by Alvarez & Marsal highlights India's ambitious plans to tap into the green hydrogen market, potentially leading to $3–5 billion in exports and $7–15 billion in import substitution within the next decade.

The construction curve is aligned to the plan of developing 30-GW at Khavda over the next five years, said the company

The agreement, signed on March 10, promises to finance projects across both power and non-power infrastructure sectors, committing an investment of up to ₹20,000 crore annually for a period of six years, extending through 2030.

Japan is aiming to become a major offshore wind power producer, with the government targeting 10 GW by 2030 and up to 45 GW by 2040 as part of its decarbonisation push.

The build-own-operate project is part of a 1.5GW bid issued by SJVN in September 2023, a company statement said.

This collaboration marks a significant step towards augmenting power generation through a mix of coal-fired, solar, pump storage, and wind energy projects, aimed at meeting the escalating energy demands of Rajasthan.

This consists of 500-MW capacity each for setting up offshore wind energy projects off the coast of Tamil Nadu and Gujarat, SECI’s Chairman and Managing Director R P Gupta told ETEnergyWorld.

These investments are expected to create job opportunities for 24,552 people in various sectors, including steel, green energy, pharmaceuticals, and chemicals, the official said.

These projects, to be developed through SJVN Green Energy Limited (SGEL), a wholly owned subsidiary, mark a pivotal step towards enhancing renewable energy capacity in the state.

The company announced its plans to commission 600 MW of renewable energy projects within the next six weeks, with a subsequent addition of 500 MW every quarter.