Staff Reporter
India approves $428.4m for power grid upgrade
India approves $428.4m for power grid upgrade
This will be covered by the Revamped Distribution Sector Scheme.
Citicore’s profit slips 21% to $4.73m in H1
Meanwhile, revenue was up 13% thanks to higher electricity sales.
PH endorses $5.8b offshore wind projects for green lane status
Operations will start in six years.
AGL to acquire Australia's Firm Power and Terrain Solar
The deal is worth $250m.
India to add 6 GW of battery energy storage by FY 2028
As of March 2024, the country has less than a gigawatt of operational capacity.
South Korea’s delayed RE deployment could hinder semiconductor, AI industries
Semiconductors alone account for over 20% of the country’s exports.
Thai state utility operator to raise $35m through first sustainability bond
This has a five-year maturity.
CS Energy’s 100-MW Chinchilla energy storage starts full operation
This is the first operational project in the Kogan Clean Energy Hub.
First Gen’s earnings down 10% to $150m in H1
Blame it on its geothermal business.
India’s solar, wind additions in H1 surpass total in 2023
In solar alone, over 12,000 MW was added from January to June.
Arrow Energy to expand Surat Gas Project late 2024
This will add 130 terajoules of gas to the market daily.
Avaada to develop 2,750-MW pumped storage projects
A total of $168.67b (INR14,000 crore) will be invested.
India’s coal power generation share to decline to 67% by FY2026
Meanwhile, renewable energy generation will be higher than demand for the first time.
BlueFloat Energy announces location for floating offshore wind farm in Taiwan
This has an expected capacity of 180 MW.
India issues guidelines for $9.6m ‘model solar village’ programme
This aims to establish a solar village per district.
South Korea unveils offshore wind bidding roadmap
Around 7-8 GW worth of tenders will be launched.
COP to lead development of 600 MW Fengmiao 2 offshore wind farm
This will be located in Taichung City, Taiwan.
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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