L&T Creates Separate Renewable EPC Business to Tap Growing Global Demand
Larsen & Toubro carves out a new business vertical for renewable EPC projects amid growing global demand in its infrastructure segment.
Govt. Confers Navratna Status to NHPC and SJVN, Grants More Autonomy
The Finance Ministry has granted Navratna status to top public sector enterprises NHPC and SJVN, allowing them greater operational and financial freedom.
Danish Energy Group Orsted Shuts Down its Last Coal-Fired Plant
The yearly coal consumption at Esbjerg Power Station has been about 500,000 tonnes, equivalent to about 1.2 million tonnes of CO2 emissions.
Cabinet Approves $492M Funding for 15GW Hydropower Projects in NE
The scheme would be funded through 10 percent gross budgetary support for the North Eastern Region from the total outlay of the power ministry.
Tata Power Solar Partners with ICICI Bank to Finance Solar Units
Customers can avail of loans up to ₹ 90 lakh from ICICI Bank with collateral-free options and tenure extending up to 5 years.
India To Record 8% Rise in Electricity Consumption in 2024: IEA
Assuming a return to average weather conditions, IEA expect electricity demand growth in India to ease moderately to 6.8 percent in 2025.
India, US Advance Energy Ties, Explore Grid Modernization and Manufacturing
The power minister emphasized the longstanding bilateral partnership between India and the US, highlighting the shared commitment to a ‘clean’ energy future that fosters economic growth and development.
India’s Solar Capacity in H1 Rises 282%, Adds 14.9 GW
India installed 14.9 GW of solar capacity in the first half of 2024, registering a 282 percent rise over the same period last year. This increase represents the highest half-yearly and annual solar installations recorded in the country.
BC Jindal Group to Invest $2.5B in Clean Energy Sector Over Next 5 Years
The group will venture into the sector by launching Jindal India Renewable Energy, which aims to generate 5 GW of power from solar, wind and hybrid platforms.
China Cuts New Coal-Powered Plant Approvals by 80%, Finds Greenpeace
China’s combined wind and solar capacity of 11.8 terawatts exceeded coal capacity of 11.7 TW for the first time in the first half and made up 84.2 percent of all new grid-connected capacity.