NHPC’s subsidiary to develop UMREPP in Rajasthan

NHPC Ltd announced that its subsidiary and the Rajasthan government to develop renewable energy parks with a capacity of 10 gigawatts (GW) in Rajasthan. The ultra-mega renewable energy power parks (UMREPP) will be developed by NHPC Renewable Energy Limited (NHPC REL), the wholly-owned affiliate of the hydropower firm, which has signed the pact with the

Norfund and KLP to invest in Rajasthan solar project

Norway’s Climate Investment Fund ‘Norfund’ and its leading pension company KLP will acquire 49 per cent stake in India’s 420 MW solar power plant ‘Thar Surya 1’ for an estimated Rs 2.8 billion. This is their maiden investment as part of a strategic tie-up between Norfund and Italian Enel Green Power. Enel is the company

IOC to invest $25 billion to realize net-zero goals set for 2046

Indian Oil Corp, the country’s top refiner, plans to invest more than $25 billion to achieve net-zero emissions from its operations by 2046, its chairman S. M. Vaidya said at an annual shareholders meeting. India, one of the world’s biggest greenhouse gas emitters, is aiming to reach net-zero emissions for the country by 2070. On

Investment for LNG infrastructure to surge in 2024

According to Rystad Energy research, investments in new liquified natural gas (LNG) infrastructure are set to increase, reaching $42 billion annually in 2024. New LNG projects are driven mainly by a short-term increase in natural gas demand in Europe and Asia. These greenfield investments are 200 times the amount in 2020 when just $2 billion

ABB and Hydrogen Optimized to collaborate on green hydrogen 

ABB has signed an agreement with Canadian technology innovator Hydrogen Optimized Inc. (HOI), a company that is engaged in unlocking green hydrogen production at scale, aimed at expanding the partnership and including an investment in HOI’s parent company Key DH Technologies Inc. (KEY). The partners are seeking to accelerate the fast-emerging green hydrogen production segment

Tata Motors to develop solar project at Jamshedpur facility

Tata Motors has signed a Power Purchase Agreement (PPA) with Tata Power to develop a 7.25 Mwp onsite solar project at its commercial vehicle manufacturing facility. The project will be a significant move to increase the renewable energy portfolio at its manufacturing facility. With this project, the onsite solar plant capacity of Tata Motors’ Jamshedpur

Crude oil production in India declines in July

India’s crude oil production during July 2022 was 2453.19 thousand metric tonnes (TMT), which is 5.57% lower than target for the month and 3.76% lower than the production of July 2021. Cumulative crude oil production during April-July, 2022 was 9912.42 TMT, which is 2.17% lower than target for the period and 0.50% lower than production

IREDA to offer loans to MAHAPREIT on green energy projects  

The Mahatma Phule Renewable Energy and Infrastructure Technology Ltd. (MAHAPREIT), a fully owned subsidiary of MPBCDC, and the Indian Renewable Energy Development Agency Ltd. (IREDA) signed a memorandum of understanding. According to the terms of the Memorandum of Understanding, IREDA will provide MAHAPREIT with financing options for the renewable energy projects that will be developed

World’s first hydrogen-powered train fleet launched in Germany

A fleet of 14 trains powered entirely by hydrogen is launched in Germany’s Lower Saxony state. Germany has inaugurated a railway line powered entirely by hydrogen, a “world premiere” and a significant step forward for green train transport despite nagging supply challenges. A fleet of 14 trains provided by French industrial giant Alstom to the

Liquid hydrogen storage tank from India begins journey from Kandla to Korea

INOXCVA, an Indian multinational, among the world’s leading manufacturers of cryogenic equipment and solutions, flagged-off the largest bulk Liquid Hydrogen Storage Tank ever made in India. Built with a massive storage capacity of 238 m3, the Tank embarked on its journey from INOXCVA’s Kandla facility to its destination for a clean energy demonstration project in