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Electricity Market

RE Projects With No PPAs, Made For Power Exchanges- CFD could Make It Possible

In an announcement that could potentially change the landscape of renewable energy projects, the way they are procured and the flexibility, freedom enjoyed by developers and generators in the industry, new renewable energy projects can now be sold on power exchanges exclusively. Traders and project developers will interact directly for contracting supplies from these projects. […]

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Faster RE Deployment In West Africa Could Save Millions By 2030-Wärtsilä Study

Speaking last week at the West Africa Energy Transition Forum in Dakar in the presence of key energy decision-makers, experts from Wärtsilä shared insights on the impact renewables will have on power system cost, flexibility, and stability in West Africa. They presented the results of their latest study which investigates Senegal’s optimal power system expansion. […]

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IEA Says Solar PV Capacity Additions Will Slowdown In India In 2023

The new report by International Energy Agency (IEA) – Renewable Energy Market Update, June 2023 – has said that the utility-scale solar PV projects are expected to slow briefly in 2023 due to supply chain challenges, lower auction volumes and trade policies. The IEA report has shown concern as solar power is India’s largest renewable […]

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Ørsted, ESB To Deliver Upto 5 GW Renewable Energy in Ireland

ESB, Ireland’s energy company and Danish clean energy major Ørsted have signed an agreement to jointly develop an Irish offshore wind portfolio. With the agreement, which marks the most ambitious partnership in Ireland to date, Ørsted becomes a 50/50 partner in a pipeline of offshore wind development projects off the Irish coast. The partnership is […]

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India’s Utility Scale Renewable Growth To Face Hurdles In 2023 to 2024: IEA Report

A latest report by the International Energy Agency (IEA) claimed that India is likely to see an increased installation of renewable energy in 2023 and 2024. It attributed this to some of the positive developments in the sector. The global report titled ‘Renewable Energy Market Update’ gives a projection of the growth of renewable energy across the […]

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Paresh Ranpara Joins Grid India as Director, Human Resources

Paresh Ranpara has joined the Grid Controller of India (effective 31.05.2023) as Director, Human Resources. Ranpara has almost three decades of experience as an HR professional in the power sector. His professional experience entails his role as the General Manager of Human Resources at Gujarat Urja Vikas Nigam Ltd (GUVNL). The newly appointed Director of […]

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Engineering Manager – Projects (APE)

Mission:- Technical Responsible for the Design and Development of Portable Air products – Air Compressors and Light towers with the most talented & flexible Project teams, develop innovative, modular, reliable & cost-efficient platforms, within targeted budget, performances & deadlines, using Lean engineering principals. To lead a team of Design Engineers & support Laboratory Engineers for […]

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FORVIA Signs PPA With RPC For 417 GWh Wind Power In Europe

French automotive supplier Faurecia, owned by FORVIA, has announced that it has signed a ten-year Power Purchase Agreement (PPA) with clean energy major Renewable Power Capital in a bid to further its efforts for decarbonisation. This deal is securing almost all the output from the 417 GWh, 24 wind turbine, Klevberget onshore farm in Sweden. […]

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ONGC Plans Rs 1 Lakh Crore Investment For Energy Transition

State owned oil and gas producer ONGC has announced an investmen worth Rs 1 lakh crore by the end of this decade (2030) on energy transition projects. Most of the investments will be made on renewable energy projects. ONGC has already declared its target of achieving net zero carbon emissions by 2038. The fresh announcement […]

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