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Government is racing to add electricity capacity to meet growing demand: Union Minister for Power and New & Renewable Energy R. K. Singh
With peak electricity demand having gone up from 136 GW In 2014 to more than 240 GW today, the government is racing to add additional power capacity, said the minister.
IREDA and IIT Bhubaneswar sign MoU for Clean Energy Innovation
The collaboration between IREDA and IIT Bhubaneswar is poised to facilitate joint research efforts, facilitate technology transfer, and provide comprehensive support for the start-up ecosystem. It will also encompass capacity-building initiatives such as training programs, seminars, and workshops to enhance the skills of IREDA officials.
CSIR is implementing Mission Mode project for developing indigenous electrolyzers: Union Power and New & Renewable Energy Minister
Council of Scientific & Industrial Research (CSIR) is implementing a Mission Mode Project, with an outlay of Rs. 75 crores, to develop different types of indigenous electrolysers, namely Anion Exchange Membrane (AEM) electrolyser, Proton Exchange Membrane (PEM) electrolyser, and Solid Oxide Electrolyser (SOE) electrolysers; Fuel Cells and Hydrogen Storage Cylinders.
Bluebird Solar M10 module launched at Renewable Energy Expo – Chennai Exhibition
During the exhibition, Bluebird introduced four premium quality mono-facial and bifacial half-cut solar PV modules, with capacity ranging from 400W to 550W.
156 GW power capacity under construction, more than 469 GW electricity capacity comprising 322 GW expected to be added by 2031-2032: Union Power and New & Renewable Energy Minister
The government has increased the generation capacity by 72.3% from 248554 MW in March 2014 to 428299 MW in December 2023.
Saatvik Solar appoints Banga Solar as its channel partner to promote Solar PV modules across Gujarat Region
Saatvik Solar, an Indian Solar PV module manufacturer, has recently appointed Gujarat based Banga Solar as their channel partner to sell & promote Saatvik PV Modules across Gujarat Region.
Schneider Electric appoints Preeti Gupta Mohanty as CFO for Greater India Zone
In her previous role as Region Vice President at Ingersoll Rand, Preeti Gupta Mohanty oversaw the EMEIA region’s finance function with a business size of $1.8 billion and managed 30+ manufacturing sites and a Finance shared service center based in Bengaluru.
STT GDC India has signed an MoU with the Govt of TN to invest INR 1900 Cr in the state to significantly expand its presence
STT GDC India envisages creating additional data centre capacity of up to 80 MW critical IT load in multiple phases over the next 5 to 7 years across suitable locations in the state.
IEX power market update, January 2024
Indian Energy Exchange, India’s premier electricity exchange, achieved the highest ever total volumes in January 2024, reaching 10,893 million units (MU) – marking a 26.1% year-over-year increase. This volume comprises of 9,137 MU from the conventional power market segment, 236 MU from the green market segment, and 15.20 lakh Renewable Energy Certificates (RECs) (equivalent to 1,520 MU).
REC wins Best Green Bond – Corporate Award at The Asset Triple A Awards for Sustainable Finance 2024
REC has received the award for issuance of $750 million USD Green Bonds in April 2023 which was also the first USD Green Bond issuance from India post India’s assumption of G20 Presidency and the largest ever Senior Green Bond Tranche by a South or South-East Asian issuer. The bond issue was priced at a minimum new issue premium of 7.5 bps, which was tighter than the most recent high-rated issuances from the region.
