Crisil to acquire Bridge To India Energy
The acquisition will enhance Crisil’s positioning in consulting services for the renewables and new energy sector.
Researchers claim PV near railway tracks is technically feasible
Despite soiling and mechanical stress, PV deployed between or close to rail tracks is not just a crazy idea, states a Bangladeshi-Australian research group. The scientists conducted a techno-economic analysis on a 128 kW demonstrator and found it may achieve a levelized cost of energy of only $0.052/kWh.
Fossil share in Rajasthan’s power mix drops to 50% as solar and wind surge
In Rajasthan, power generation from renewable energy sources (solar, wind, nuclear, hydro, and bioenergy) is now on par with fossil fuel-based generation.
Share of green power for cement companies expected to increase to 42% by FY2025: ICRA
Around 25% replacement of thermal power consumption by green power could yield 15-18% savings in power cost and 140-160 bps improvement in operating margins for cement companies
SECI tenders 1.26 GW of renewables storage
Solar Energy Corp. of India Ltd (SECI) has launched a tender to select developers for 1,260 MW of firm, dispatchable power from renewable energy projects with storage systems. Bidding closes on Nov. 10.
Hygenco, Al Jomaih Energy to jointly explore green hydrogen projects in Saudi Arabia
Hygenco develops end-to-end green hydrogen and green ammonia assets on a build-own-operate and build-own-operate-transfer basis.
REC approves over $1.1 billion in debt funding for solar-wind, pumped storage projects
The state-owned power finance company has approved a debt funding of INR 6,075 crore (around $731 million) to Greenko’s 1.44 GW pumped storage project and over INR 3,081 crore ($371 million) to Serentica Renewables’ 560 MW solar-wind hybrid project.
Large-scale PV projects proliferate in Bangladesh
The Bangladeshi authorities have been approving or reviewing three more large scale solar power projects, for a total capacity of 300 MW.
Ashok Leyland to make electric buses in Uttar Pradesh
Ashok Leyland will produce electric buses and also assemble other vehicles powered by emerging alternative fuels at its integrated greenfield plant in Uttar Pradesh.
Green hydrogen to become primary fuel for steelmaking in India only by 2050
The steel industry in India will replace around 25-30% of its grey hydrogen requirements with green hydrogen in the early part of the 2030-50 period. This will increase to 80% by 2050, says a new report by the Institute for Energy Economics and Financial Analysis (IEEFA) and JMK Research & Analytics.
