NPCIL invites proposals to set up small nuclear reactors

Bharat Small Reactors are 220 MW Pressurised Heavy Water Reactors (PHWR) with an impeccable safety and excellent performance record, which are compact and tailored for captive use, according to a statement from the Nuclear Power Corporation of India Limited (NPCIL).

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IFC, ADB, DEC get CCI's clearance to acquire stake in Fourth Partner Energy

CCI has approved the acquisition of certain shareholding in Fourth Partner Energy by IFC, ADB, and DEG to support its expansion in renewable energy. Additionally, CCI cleared Mars Inc's $35.9 billion acquisition of Kellanova, a leader in global snacking and frozen foods, to enhance its product offerings.

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Oil rises on expanding Chinese factory activity, but set to end year lower

Brent crude futures rose 47 cents, or 0.7%, to $74.46 a barrel as of 0130 GMT. U.S. West Texas Intermediate crude gained 49 cents, also 0.7%, to $71.48 a barrel. For the year, Brent declined 3.2%, while WTI was down 0.6%.

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Venture Capital investments in India surge to $16.8 bn in January-November: Report

Venture capital (VC) activity in India has witnessed significant growth from January to November 2024, with investments reaching $16.77 billion across 888 deals, according to the India Brand Equity Foundation (IBEF).

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CCI starts study on renewable energy space across BRICS nations

The study is being conducted under the BRICS framework by India, Competition Commission of India (CCI) Chairperson Ravneet Kaur said.

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Trichy’s first solar power plant inaugurated

The local body can save Rs 9 crore from its annual electricity bill by feeding the electricity generated from the plant to Tangedco's grid.

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India extends mandate for imported coal-based power plants to run at full capacity

In October, the government had invoked an emergency clause to direct companies including Tata Power, Adani Power and Vedanta, to operate their imported coal fired plants till Oct. 15 and had further extended the mandate till Dec. 31.

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Year-ender 2024: India’s renewable energy hits 205 GW; What’s driving the surge?

From vast solar parks sprawling across deserts to wind farms dotting the coasts and the gradual adoption of green hydrogen, India’s renewable energy landscape has undergone transformative growth in 2024. Surpassing 200 GW of installed capacity, the country has cemented its position as a major player in the global transition to clean energy.

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Gensol Engineering gets Rs 897-cr solar project from NTPC REL

Gensol Engineering secures an Rs 897-crore contract from NTPC Renewable Energy Limited to develop 225 MW grid-connected solar projects in the Rann of Kutch, Gujarat. The project will be executed on EPC mode and includes three years of operations and maintenance.

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Oil prices set for weekly gain on China stimulus optimism

Brent crude futures fell 1 cent to $73.25 a barrel by 0145 GMT. U.S. West Texas Intermediate crude was at $69.60, down 2 cents, from Thursday's close. However, on a weekly basis, Brent was up 0.4% while WTI rose 0.2%.

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JSW in talks with China's Geely for electric car joint venture

JSW Group is engaging in discussions with multiple auto manufacturers, including Chinese company Geely, for electric vehicle joint ventures in India. Their aim is to expand across various EV segments, including passenger and commercial vehicles, while exploring partnerships beyond their existing collaboration with SAIC's MG.

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REC forms arm for renewable power evacuation in Madhya Pradesh

Rajgarh III Power Transmission Limited has been incorporated as a wholly-owned subsidiary of its wholly-owned arm REC Power Development and Consultancy Limited (RECPDCL) on Wednesday, REC said in an exchange filing.

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Despite rising domestic demand, India's solar modules export will go up by 2030: Report

India's solar module manufacturing sector is set for major changes. Domestic demand will drive growth, creating opportunities for exports from 2025. Import dependency for solar modules is expected to fall significantly by 2030. However, the industry will still rely on imports for certain critical components. India's growing production capacity will contribute to the clean energy transition.

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India's environmental leadership can drive regional climate action: Atul Bagai

Bagai received the National Order of Merit from Bhutan's King Jigme Khesar Namgyel Wangchuck on December 17 for his instrumental contributions to the Himalayan country's environmental governance, particularly its successful compliance with the Montreal Protocol.

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Punjab to boost clean energy with 66 new solar power plants by 2025

With an aim to make Punjab a leading state in clean energy production and reduce reliance on fossil fuels, Punjab govt will set up 66 solar power plants, each with a 4 MW capacity, said new and renewable energy sources minister Aman Arora.

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NTPC signs MoU for green hydrogen mobility in Odisha

NTPC has signed a tripartite Memorandum of Understanding (MoU) with GRIDCO, a Government of Odisha undertaking, and Capital Region Urban Transport (CRUT), the state’s public transit agency, to promote green hydrogen mobility in Bhubaneswar

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India, Sweden can forge stronger partnership in climate solutions: Swedish officials

Officials of the Embassy of Sweden and Business Sweden, during an interaction with PTI, emphasised the shared potential for innovation and large-scale implementation of sustainable practices.

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Coal's share in India's power generation capacity drops below 50% for 1st time since 1960s

The latest POWERup quarterly report from the Institute for Energy Economics and Financial Analysis (IEEFA) showed that renewable energy accounted for 71.5 percent of the record 13,669 megawatts (MW) power generation capacity added by India in the first quarter (January-March) of this year.

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Waaree Renewables Technologies board okays NSE listing

Waaree Renewable Technologies on Thursday said its board has approved listing of its equity shares at the National Stock Exchange (NSE).

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IMFA partners with JSW Green Energy for renewable power in smelting operations

In a statement, the company said IMFA signed a binding term-sheet with JSW Green Energy One Ltd and JSW Green Energy Seven Ltd, and will invest Rs 83.26 crore in a hybrid project that combines 50 megawatt (MW) AC solar and 100 MW of wind for a total contracted capacity of 70 MW.

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Renewable energy projects facing up to 12-month delay in signing of PPAs

India’s renewable energy sector is grappling with sizable delays in signing of power purchase agreements (PPAs) with 80-90 GW projects under pipeline and about 40-45 GW facing delays, according to industry experts.

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Jindal Saw to acquire 31.20 pc stake in ReNew Green Energy for undisclosed amount

Jindal Saw signed an agreement with ReNew Green Energy Solutions. Jindal Saw will acquire part of ReNew Green MHH One. The deal involves a 31.20% equity stake. Jindal Saw aims to secure cheaper electricity. The acquisition should be finalized by May 31, 2025. This strategic move benefits Jindal Saw's operations.

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Hydrogen demand to hit 20 million tonnes by 2030, needs ₹8-10 trillion investment: Report

This includes ₹1.6 trillion for electrolyser capacity, ₹4.2 trillion for green molecule production facilities, and ₹4.5 trillion for renewable energy infrastructure.

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'Seaweed to fuel': HPCL, Sea6 Energy sign MoU for sustainable innovation

The collaboration will leverage the expertise of both companies to create scalable and efficient downstream processes for biofuel production.

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Natural gas consumption rises 12%, LNG imports jump 18% in H1 FY25

The marginal rise was attributed to an 8.6% production increase in PSC/JV fields and a 3.9% boost in Oil India Limited’s (OIL) nomination fields. However, production from ONGC nomination fields witnessed a decline of 3.5%.

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No immediate plans for green arm listing: ONGC

The statement comes amid increasing speculation about an initial public offering (IPO) for the green energy arm, as investor interest in renewable assets surges.

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No immediate plans for green arm listing: ONGC

The statement comes amid increasing speculation about an initial public offering (IPO) for the green energy arm, as investor interest in renewable assets surges.

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Adani Green Energy arm incorporates subsidiary for RE business

Adani Green Energy Sixty Nine Ltd (AGE69L) has been incorporated on Friday by its wholly-owned subsidiary Adani Renewable Energy Holding Nine at Ahmedabad, Adani Green Energy Limited (AGEL) said in an exchange filing.

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India observes National Energy Conservation day with industry push for sustainability

The focus was on renewable energy, energy efficiency, and circular economy solutions to drive impactful change.

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Banks should adopt renewable energy financing obligation: MNRE Secretary

Speaking at the Global Economic Policy Forum organized by the Confederation of Indian Industry, Singh highlighted that Rs 30 lakh crore investment is required in the renewable energy sector.

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Adani Green Energy's arm commissions 250 MW solar project

With the commissioning of this plant, AGEL's total operational renewable generation capacity has increased to 11,434 MW, a BSE filing said.

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Odisha govt approves 7 renewable energy projects worth Rs 1,386 cr

The approved projects include a 99 MW wind power project, five ground-based solar projects of 91.77 MW and one rooftop solar project of 1.64 MW, it said.

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ReNew Energy offered to be taken private in $2.82 bln deal

​Major shareholders Canada Pension Plan Investment Board, UAE-based Masdar, chairman Sumant Sinha and a unit of the Abu Dhabi Investment Authority with collective voting rights of 64% have formed a consortium, and offered to buy shares in India's second largest clean energy generator at $7.07 each.

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ET Oil & Gas Expo 2024: Investments, biogas potential, and policy changes key to CGD growth

These insights were shared during the Economic Times Oil & Gas Annual Conference & Expo 2024, at a panel discussion on Future of City Gas Distribution: Innovation and Opportunities.

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ET Oil & Gas Expo 2024: India’s 15% gas target faces industrial push challenge

Speaking during a panel discussion on E&P Strategies for the Future: Navigating Technological and Market Dynamics, Deepak Mahurkar, Leader, Oil and Gas, PwC India, emphasized, "Meeting the 15% gas target is unattainable by focusing only on PNG and CNG. Industrial and commercial sectors must drive gas utilization, requiring CGD companies to invest and adopt innovative business models."

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ET Oil & Gas Expo 2024: India’s energy consumption to double, infrastructure expansion crucial

Natural gas consumption, currently at 188 million metric standard cubic meters per day (MMSCD), is expected to reach 300 MMSCD in the next five to six years, driven by ₹2 lakh crore investments in City Gas Distribution (CGD) infrastructure by 2032.

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Integrated systems and AFR vital for future waste management: Blue Planet CEO

These measures, the company said, are critical for addressing waste, water, and energy challenges effectively.

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3-fold rise in rooftop solar in island city in 2 years

In the past two years, there has been a three-fold rise in solar installed capacity -- from 580 Kwp to 17,679 Kwp -- between Cuffe Parade-Colaba and Sion-Mahim. Most of these are schools, colleges, hospitals, and govt edifices.

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Gautam Adani did not meet CM to discuss solar power deal: Senthilbalaji

The minister said it was AIADMK govt that signed a direct deal with Adani Group to purchase 648 megawatts of solar power at `7.01 per unit in 2015 when there was no renewable purchase obligation (RPO), as is imposed by the Centre now.

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Gautam Adani did not meet CM to discuss solar power deal: Senthilbalaji

The minister said it was AIADMK govt that signed a direct deal with Adani Group to purchase 648 megawatts of solar power at `7.01 per unit in 2015 when there was no renewable purchase obligation (RPO), as is imposed by the Centre now.

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India adds 1.9 GW rooftop solar capacity in 9 months of 2024

In the third quarter (Q3) of 2024, 791.1 megawatts (MW) of rooftop solar capacity were installed, an 8% increase quarter-over-quarter (QoQ) and an 84% YoY growth.

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India, ADB sign $50 million loan for climate-resilient water security in Meghalaya

The initiative aims to improve access to water, reduce community vulnerability to climate change, and promote sustainable development in the state.

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PM Surya Ghar Scheme achieves 6.3 lakh solar installations in nine months

Monthly installations under the scheme now average 70,000, a ten-fold increase from the 7,000 installations per month before its rollout.

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Oilfields bill an important legislation: PM Modi

Prime Minister Narendra Modi lauded the Oilfields (Regulation and Development) Amendment Bill, 2024, passed in the Rajya Sabha, as crucial for enhancing energy security and fostering India's prosperity. The Bill aims to reform oil and gas exploration laws, separating petroleum operations from mining to attract investment into the sector.

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KPI Green Energy secures 300 MW solar project from Coal India

The contract for ground mounted solar plant includes operation and maintenance (O&M) services on comprehensive basis for a period of five years, the company said in an exchange filing.

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India ranks sixth globally with 127 companies committed to net-zero targets: ICRA ESG

Despite contributing approximately 7% of global emissions, India's corporate commitments reflect a growing awareness, though high-emission sectors like power, energy, and cement lag significantly in adopting such goals.

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Hero Future Energies inks Rs 1,000 crore MoU with Karnataka for renewable energy, green hydrogen projects

Hero Future Energies Private Limited (HFEPL) on Sunday signed a Memorandum of Understanding (MoU) with the Government of Karnataka to invest Rs 11,000 crore to setup up projects in Renewable Energy, Green Hydrogen, and its derivatives in Karnataka, as per the official release.

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Hero Future Energies inks Rs 1,000 crore MoU with Karnataka for renewable energy, green hydrogen projects

Hero Future Energies Private Limited (HFEPL) on Sunday signed a Memorandum of Understanding (MoU) with the Government of Karnataka to invest Rs 11,000 crore to setup up projects in Renewable Energy, Green Hydrogen, and its derivatives in Karnataka, as per the official release.

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