SJVN upscales power generation capacity target to 50,000 MW by 2040

State-run power producer SJVN Ltd on Wednesday announced that it has doubled its target of installed electricity generation capacity to 50,000 MW by 2040. Nand Lal Sharma, the Chairman & Managing Director of SJVN, in a statement said that SJVN has upgraded its Shared Vision to 5,000MW by 2023, 25,000 MW by 2030 & 50,000 MW by 2040.

According to the statement this revision has resulted from addition of multiple projects in its portfolio and an already established repute of successfully operating & implementing Mega Hydro Projects in India & abroad.

After hydro, the company has successfully added varied business verticals and forayed into thermal, solar, wind power generation, power transmission and power trading.

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5 reasons we should be optimistic about the world’s clean energy future

Five recent interlinked trends have great potential to prevent the worst ravages of climate change and ensure people worldwide have access to the energy and economic opportunities they need to enjoy healthier and more prosperous lives.

The Key Trends

Solar is leading renewables to new heights. The cost of solar power has been declining dramatically for years, and it has now become the cheapest option in many economies. China, Europe, India and the United States have driven solar’s rise in recent years. But solar projects are now springing up fast in many countries across the globe, ranging from Vietnam to the United Arab Emirates, and from Egypt to Brazil. Meanwhile, offshore wind has achieved game-changing technological leaps and cost declines that give it the potential to become a key source of clean power in many parts of the world. Continue reading “5 reasons we should be optimistic about the world’s clean energy future”

Cyprus beefs up renewable energy capacity


Two new photovoltaic parks financed by RCB Bank have been successfully connected to the national grid, adding another 7.5MW to Cyprus’ renewable energy capacity.

The financing to park owners Galascope was provided partly through RCB Bank’s own funds and through relevant agreements between RCB and the European Investment Bank (EIB).
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Microsoft to purchase output from 500 MW of solar capacity throughout the US


This week, solar finance and development firm Sol Systems announced an initiative with Microsoft to finance, develop and operate a portfolio of over 500 MW of solar projects in the U.S. and will sell energy from those projects to Microsoft.

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Forrest City set to break ground on three solar power plants


The city of Forrest City and Scenic Hill Solar will host a groundbreaking ceremony for the first of the three solar power plant sites in Forrest City (Arkansas) on Monday (June 22) at 10:30 a.m. The public private partnership to build three solar power plants to provide electricity to the city was announced in December 2019.
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56 MW hybrid wind-solar plant powers up at Australian gold mine


Not only the biggest but also the first one to integrate wind generation on-site, the Agnew Gold Mine microgrid project is leading the way in decarbonizing Australian mining. In favorable weather conditions, the 56 MW project delivered by distributed energy producer EDL is able to cover up to 70% of the mine’s power requirements with renewable energy.

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