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Sterling Wilson JV secures 1,000 MWac solar-plus-storage order in Egypt worth $560 million
Shares of Sterling and Wilson Renewable Energy Ltd ended at ₹244.25, down by ₹2.25, or 0.91%, on the BSE
SWSOLAR JV wins USD 560 million solar project in Egypt
Sterling and Wilson Renewable Energy announced that the company, in a 50-50 joint venture with Hassan Allam Construction - one of the leading contractors in Egypt and the MENA region, has secured an order today, valued at approximately USD 560 million for West Minya Solar Power Project in Minya Governorate, Egypt.
Markets poised for a cautious start as GIFT Nifty trades flat
Indian markets ended Thursday on a high note, with the Nifty 50 climbing nearly 1% from its lowest point. This positive momentum was fueled by declining energy prices, a stronger rupee, and favorable global trends. Analysts anticipate a continued positive outlook for Indian equities, with the Nifty expected to hold above the 24,000 mark, bolstered by stable geopolitical conditions and robust foreign investment.
Hormuz traffic eases; Iran revives crude supply pitch to India
Maritime traffic through the Strait of Hormuz is normalizing, with most India-bound energy shipments successfully navigating the chokepoint. Iran has signaled its readiness to resume crude oil exports, engaging in discussions with India following the lifting of sanctions. This development could significantly ease energy supplies to India, as Tehran seeks to broaden its customer base beyond China.
Sagar Adani urges faster electrification, energy storage
Adani was speaking at the inaugural Adani Green Energy Dialogue during London Climate Action Week at the Science Museum. "Renewable energy reaches its full potential when paired with storage technologies such as Battery Energy Storage Systems (BESS) and Pumped Storage Projects (PSPs)," he said.
India Inc's green transition triggers hiring surge
As organisations step up their sustainability efforts, demand is also growing for senior leadership talent, including business heads for renewable energy businesses, chief executives for solar, wind and energy storage platforms, chief technology officers and chief sustainability officers, said search firms and recruiters.
UP targets 20,000 MW renewable energy capacity in next 2-3 years: Yogi Adityanath
Uttar Pradesh is aggressively boosting its renewable energy capacity, aiming for 20,000 MW in two to three years from the current 6,000 MW. Over six lakh families are now energy self-reliant through rooftop solar, significantly cutting bills. The state is also a leader in ethanol and compressed biogas production, with a new Rs 8,200 crore solar manufacturing plant set to bolster domestic production and create jobs.
Dalal Street Week Ahead: Nifty to test crucial 24,500 level; breakout may define next trend
Indian markets navigated a subdued week, ending with modest gains as Nifty hovered near a crucial resistance zone between 24,160 and 24,500. Technical indicators suggest caution, with a decisive move above this hurdle needed to fuel further upside. Investors are advised to maintain a selective approach, focusing on stock-specific opportunities while managing risk diligently. Pharma and Media sectors show relative strength, while Energy and IT lag.
Anti-dumping duty on electrical steel may push transformer costs, impact grid expansion: GTRI
A potential anti-dumping duty on crucial cold-rolled grain-oriented electrical steel (CRGO) imports could significantly hike transformer manufacturing costs and impede India's ambitious power grid expansion plans. With domestic production meeting less than 10% of demand, imposing duties might raise prices without reducing import reliance, impacting vital infrastructure development and renewable energy integration. The probe follows a complaint by JSW JFE Electrical Steel Nashik Pvt Ltd.
Govt targets solar, hydrogen components to cut import dependence
India is boosting domestic manufacturing across solar, green hydrogen, and wind energy sectors to curb import reliance. Key focus areas include solar inverters, electrodes, catalysts, bipolar plates, and polysilicon. This strategic move aims to strengthen the supply chain for critical components, addressing current import dependencies and fostering long-term cost competitiveness for India's burgeoning renewable energy industry.
Sunsol mulls over 2 GW solar deployment through 5k projects in India by 2030
Global consultancy Sunkonnect's platform, Sunsol Cleantech, aims to deploy over two gigawatts of solar capacity in India by 2030. This initiative will support 5,000 projects, including rooftop and utility-scale installations, significantly contributing to India's ambitious 280 GW solar target. Sunsol's efforts are crucial for enhancing the nation's energy security, affordability, and sustainability, building on Sunkonnect's extensive experience in renewable energy.
Suzlon secures 400 MW wins energy project in Andhra Pradesh
From Tata Power Renewable Energy