APT Translations

BPCL aims to enhance its renewable energy capacity to 2 GW by 2025 and 10 GW by 2035, aligning with India’s broader energy transition goals.

While the growing cash cow, the oil and chemicals business, Reliance will step up AI adoption and will launch 'Jio Brain' - a suite of AI tools and platforms - and set up gigawatt scale IA-ready data centres in Jamnagar in Gujarat "to create the world's lowest AI inferencing cost" to make such applications more affordable in India than anywhere else.

This development is poised to significantly boost IREDA’s capabilities in accessing international markets, thereby supporting its borrowing strategies aimed at tapping into new funding sources.

Installations in 1H 2024 rose 26 Percent year-over-year (YoY) compared to the 873 megawatts (MW) installed in 1H 2023.

The company has secured the contract to construct a 50 MWp ground-mounted solar power plant in Tamil Nadu for ARS Steel and Alloys International Private Limited (ARS Steels). This project will be implemented under the Group Captive Mode.

According to the statement, JSW Neo Energy, a wholly-owned subsidiary of JSW Energy (company), has received Letter of Award (LoA) for an additional 400 MW of Wind-Solar Hybrid Power Project under greenshoe option from MSEDCL against MSEDCL - Phase III.

Addressing the annual shareholders meeting, he said the first train of 20GW solar PV (photovoltaic) manufacturing "will commence production" by the end of this year.

At Reliance's 47th Annual General Meeting, Chairman Mukesh Ambani outlined the company's transformation into a deep tech powerhouse. He emphasized that artificial intelligence (AI) represents a pivotal moment in human progress, offering solutions to complex global challenges.

Indian High Commissioner Santosh Jha on Thursday handed over the first payment for the hybrid power projects on three Sri Lankan islands off northern Jaffna that are being implemented under Indian grant assistance of USD 11 million.

The White House wants to accelerate approval of projects ranging from power transmission to wind and solar farms as it seeks to decarbonize the power sector to fight climate change, and is eager to tout its "Investing in America" agenda ahead of the November presidential election.