News
Tata Power profit rises 90% YoY in Q1 FY23
Tata Power profit rises 90% YoY in Q1 FY23
This is the company’s 11th straight profit after tax YoY quarterly growth.
Philippine-based PXP Energy narrows loss in Q2
The company’s core net loss amounted to P645,000, down from P16.6m in the previous year.
New measure to improve power supply reliability in India
This includes the Reforms-based and Results-linked Revamped Distribution Sector Scheme.
ONGC, Greenko ink MoU for green hydrogen production
The memo is valid for two years.
AGL invests $27.7m to upgrade Clover hydro power station
This will add 14MW to the output capacity of the Kiewa Hydro Scheme
ACEN green lights final tranche of energy transition financing
The company will divest its shares in SLTEC for P3.7b.
India’s NTPC, Moroccan Agency sign MoU for joint RE development in Africa
They will provide support services for capacity building
Philippines’ Meralco core income climbs 15% in first half
The company recorded a net income of P12.1b during the period.
Reservoir Link inks shareholders’ deal with EDPR Sunseap for project dev’t in Malaysia
This will be focused on developing solar PPA projects.
Monash’s Grid Innovation Hub gets gov’t funding for study on storage market design
The funding is over $345,000 (A$495,000).
ROSATOM, An Xuan Energy to construct 128MW wind farm in Vietnam
It will be located in the Son La Province in north western Vietnam.
Global electricity demand to slow down in 2022: report
It is expected to grow by 2.4% this year, down from the 6% rise in 2021.
What world leaders can do amidst energy crises
The GWEC outlined a five-point action plan.
ARENA mandate expanded to cover energy efficiency, electrification
Energy efficiency and electrification will help in emissions reduction.
NTPC, IndianOil partner to form JV for renewable energy
IndianOil plans to supply the additional power requirements of its refineries with RE by December 2024.
Vena Energy’s hybrid solar, battery project in Australia hits financial close
The 128.5MW project is expected to come online in 2023.
ACWA Power, POSCO partner to develop green hydrogen in South Korea
The MoU seeks to decarbonise POSCO Group’s power generation.
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The firm achieved recognition for initiatives addressing critical water access in Bali, reforestation in West Java, and sustainable supply systems in East Java.
Commentary
Supply chain efficiency, skilled manpower are key for India’s renewable energy