RVNL, Jakson Green form JV for clean energy EPC projects globally
Rail Vikas Nigam Ltd and Jakson Green have partnered to build giga-scale clean energy projects in the Middle East and North Africa (MENA), the Commonwealth of Independent States (CIS), and Asia Pacific countries.
GAIL signs MoU with Shell Energy India
The MoU envisages exploring prospects in renewables, LNG for road transport, regasification of imported LNG, and import and handling of different hydrocarbons which are important chemical and petrochemical precursors.
Relaxation of ALMM order a near-term positive for solar power developers, says ICRA
The Ministry of New & Renewable Energy has exempted solar projects to be commissioned till March 31, 2024, from the requirement to source modules from the Approved Models and Manufacturers (ALMM) list. The move provides developers with the flexibility to source modules at the most cost-competitive rates.
The case for using gas-based plants to serve peak power demand
Using some of India’s existing gas-based power capacity as peaking plants would be more economical than the other options in the short-term market for peak power supply. Gas-based power plants can provide ancillary services to maintain the grid’s power quality, reliability, and security as renewable energy capacity increases, says a new report by IEEFA.
India can achieve energy independence by 2047 through clean technology: Study
Berkeley Lab study shows how deep cost reductions in clean technology and India’s renewable and lithium edge can enable a pathway for cost-effective energy independence by 2047.
Ocior Energy to build green hydrogen, ammonia plants in Andhra Pradesh and Gujarat
Ranjit Gupta-led Ocior Energy has committed a cumulative investment of INR 80,000 crore to build two green ammonia facilities of 1mtpa each in Andhra Pradesh and Gujarat.
PTC India partners Belgium’s N-Side on predictive solution for power market
PTC India Ltd will work with N-Side, Belgium, to develop a predictive solution for the Indian power markets.
GameChange Solar promotes Vikas Bansal to President, International
In the new role, Vikas Bansal is tasked with scaling the international business of GameChange Solar, developing and executing the strategy to enter new markets, and developing delivery capabilities needed to cater to the exponential growth.
BrightNight partners with ACEN to develop over 1.2 GW hybrid renewable energy projects in India
ACEN Corp., the renewable energy arm of Filipino conglomerate Ayala Corp., will deploy $250 million equity plus related performance guarantees to support US-based BrightNight’s existing hybrid renewable energy portfolio and future growth in India.
Study shows symbiotic effect of heat pumps and residential solar
SolarPower Europe says in a new report that households in Germany, Spain, and Italy can more than triple their savings by pairing PV with heat pumps. It said this combination helped families to save between 62% and 84% on their annual energy bills in 2022.
