APT Translations

The difficulties in curtailing consumption illustrate the challenges facing Vietnam a year after sudden outages caused losses of hundreds of millions of dollars to multinational manufacturers with investments in the Southeast Asian country.

“We’ve reached an important landmark,” IEA Executive Director Fatih Birol said in an interview as the agency published its annual World Energy Investment report. “Clean energy investment is setting new records even in challenging economic conditions.”

The company said that the subsidiaries have been "established as special purpose vehicle (SPV) companies to develop wind farms in various parts of India."

To succeed, he’ll need to balance those ambitions against a need to sustain growth and satisfy rapidly accelerating electricity demand, leaning on a fraying power system still heavily dependent on coal.

India added over 1.8 gigawatts (GW) of solar open access capacity in the first quarter of the calendar year of 2024, posting a two-fold increase from 909.3 megawatts (MW) in Q4 2023, the report titled 'Mercom India Solar Open Access Market' said.

The House of Representatives (HoR), or the Lower House on Thursday endorsed the proposal tabled by minister for energy, water resources and irrigation, Shakti Bahadur Basnet through a majority vote.

The bidding for a total available capacity of 5.39 lakh Metric Tonnes (MT)/annum of Green Ammonia intended for production and supply will be carried out through e-bidding followed by e-Reverse Auction process. Green Ammonia produced will be supplied to the fertilizer companies, it stated.

Venture capitalist Viney Equity Market on Monday announced that it co-led a Rs 715 crore investment in solar panel manufacturers and power companies Vikram Solar and contributed Rs 12 crore to the funding round, alongside participation from multiple investors.

The Solar Energy Corporation of India (SECI) also significantly contributed to this month’s total, launching tenders for 1,200 MW for solar energy projects and an additional 500 MW dedicated to wind energy across multiple states.

Under Modi 2.0, the government launched ambitious projects like the $9.5 billion PM-Surya Ghar Muft Bijli Yojana to install rooftop solar systems across 10 million households.