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News In Brief Jan 31: Torrent Power, EU’s Cross-Border Energy Infrastructure, Meta, Zelestra Agreement

Torrent Power Commissions 300 MW Solar Project In Gujarat Torrent Power Limited subsidiary, Torrent Saurya Urja 2 Private Limited (TSU2) has received a certificate from the Gujarat Energy Development Agency certifying the commissioning of a 300 MW solar project w.e.f. December 15, 2024. The Gujarat Energy Development Agency-certified solar power plant has come into full […]

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Avaada Partners with Casale For 1,500 TPD Green Ammonia Plant in Odisha

Avaada Group, has announced its strategic collaboration with Casale, a global pioneer in ammonia technology, to develop a 1,500 tons per day (TPD) state-of-the-art green ammonia plant in Gopalpur, Odisha. The Gopalpur plant will be powered entirely by renewable energy, utilizing Casale’s advanced ammonia production technology to ensure a carbon-free process. Casale will provide the Green Ammonia Process License, Basic Engineering […]

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GE Vernova Plans $600 Mn Investment To Build US Factories Over Next Two Yrs

GE Vernova Inc., a US-based energy manufacturer has announced plans to invest nearly $600 million in its US factories and facilities over the next two years to help meet the surging demand worldwide. The new investments – expected to create more than 1,500 new US jobs – will help drive its energy affordability, national security, […]

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Q4 2024 Prices: EU-North America See Fall In Solar, Wind Sees Marginal Uptick

The latest report by LevelTen Energy showcases the energy Power Purchase Agreement (PPA) trend for Q4, 2024 in the global west, i.e., the  European and the North American market. The report found that the European solar PPA prices have been steadily declining over the last two years, as the energy sector continues to return to […]

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French Wafers To Modules Solar Manufacturer Photowatt To Shut down

Photowatt, one of the few European solar manufacturers that offered solar wafers,cells and modules has been shut down after parent firm EDF Renewables decided to switch off further support for the struggling maker. EDF had acquired Photowatt in 2012. The closure comes at a time when solar manufacturing in Europe is pretty much unviable in […]

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Ethiopia Leapfrogs Ahead With Africa’s First EV Directive

Ethiopia has approved Africa’s first EV Charging Directive, paving the way for infrastructure expansion, enforcing licensing, and setting electrification goals. Ethiopia’s latest electric vehicle (EV) charging directive aims to establish EV charging stations every 50 km. The country also plans to replace 30% of internal combustion engine (ICE) vehicles within a decade. The plan is […]

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JSW MG Motor Expands Battery Second Life Partnership With Lico Materials

JSW MG Motor India, in partnership with LICO Materials, a part of Epsilon Group, has unveiled the Battery Energy Storage System (BESS) as part of its ‘Project Revive’. The advanced BESS comprises repurposed MG ZS EV batteries and highlights the carmaker’s commitment of promoting circular EV economy by embracing innovation. Compared to traditional solutions, this […]

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Waaree Q3 Results- PAT Grows 260%, 26.5 GW order Book

India’s largest solar panel maker, Waaree Energies has announced its Q3 results on Jan 30. The Mumbai headquartered firm reported a sharp 260% jump in profit after tax on a Year on year basis, at Rs 506 crores versus 140 crores last year, indicating a significant improvement in margins as well to 14.30% versus 8.52%. […]

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Green Stocks Jan 30- Stop Start Recovery Continues

As Indian stocks mounted some sort of a recovery, green energy stocks continued to have a mixed time. Thus, even as Acme Solar staged a smart recovery on the back of a strong set of results in Q3, NTPC Green could not sustain it with a more prosaic set of numbers. Shakti Pumps, despite a […]

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