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offshore wind projects

US Bipartisan Infra Law To Create $8.3bn In12 Years: DOE

The Department of Energy (DOE) in the United State recently announced Twin States Clean Energy Link, the National Grid’s proposed transmission project. This project will support New England’s climate, clean energy, and energy security goals. This was selected as one of three projects nationwide to receive investment through the US Bipartisan Infrastructure Law’s Transmission Facilitation […]

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NTPC Ltd Reports 13 Percent Rise In PAT In H1 of FY24

NTPC Limited in its latest financial results declared a 13 percent increase in its Profit After Tax (PAT) during the first half (H1) of FY24 on a standalone basis. The central Public Sector Utility (PSU) said that its PAT for H1 FY24 was Rs 7,951 crore as against Rs 7,048 crore in H1 FY23. Meanwhile […]

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October Solar Additions Equal To Full 2022 As Europe’s Solar Romance Blooms

Rystad Energy Research reports that Europe’s solar installation levels are exceeding expectations, with the amount installed in October 2023 already matching the total installed in all of last year. Rystad Energy modeling forecasts new solar capacity additions will grow 30% this year versus 2022, surpassing 58 gigawatts direct current (GWDC) of new panels by the […]

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SME – Solar Tracker Structure

Responsible for timely, innovative, cost effective and workable engineering solutions for innovative and complex Structural Engineering challenges identified for Renewable Energy Sector.  The SME shall co-ordinate with of other disciplines viz., Electrical, MEP and others (BU) for receiving innovative and complex challenges and deliver necessary solutions. The SME shall be able to prepare / review the tracker structural calculations, bring in structure design optimization, bring […]

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RWE Decides To Build 35-MW Battery Storage For Biomass Plant

RWE has announced its final investment decision to build a Dutch battery storage project with an installed power capacity of 35 MW and a storage capacity of 41 MWh. A total of 110 lithium-ion battery racks will be installed at RWE’s biomass plant in Eemshaven on an area of around 3,000 square metres. RWE plans […]

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IREDA Partners with Bank of Maharashtra for Renewable Energy

Indian Renewable Energy Development Agency (IREDA), a Mini Ratna (Category – I) Government of India enterprise, has joined hands with Bank of Maharashtra (BoM). The partnership is to facilitate co-lending and loan syndication for various renewable energy projects across India. The MoU entails services encompassing co-lending and co-origination support for all renewable energy projects. It […]

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Drop In Solar Costs Put At 3% by IRENA for 2021-22 Period

The International Renewable Energy Agency (IRENA) has published a report into the cost of producing power in 2022, putting the drop in levelised cost of electricity (LCOE) in the solar PV sector at 3% in 2022, and 89% between 2010 and 2022. The findings will be no surprise to industry insiders, considering how the drop […]

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Renewables Led To Saving Of $520bn in Fuel Costs Globally: IRENA

A new report by the International Renewable Energy Agency (IRENA) claimed that the global power sector saved $520 billion in fuel costs last year, owing to the increasing adoption of renewable energy sources. The report underscores how the ongoing fossil fuel price crisis catalyzed the competitiveness of renewable power sources. In 2022, 86 percent, equivalent to 187 Gigawatts (GW), […]

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