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Green Energy Technology Company LONGi, on Friday announced a new world record efficiency of 30.1% for its commercial M6 size wafer-level silicon-perovskite tandem solar cell on June 19, 2024, at the Intersolar Europe event in Munich, Germany. The efficiency was independently certified by the Fraunhofer Institute for Solar Energy (Fraunhofer ISE). This achievement comes shortly […]
The Saudi Arabian Oil Company (Aramco) announced the signing of three Memoranda of Understanding (MoUs) with American companies to advance lower-carbon energy solutions. The MoUs were signed in the presence of Saudi Arabia’s Minister of Energy, HRH Prince Abdulaziz bin Salman Al Saud, and the US Secretary of Energy, Jennifer Granholm. The agreements involve collaborations […]
Arctech, a solar tracking and racking solutions provider, signed a land lease agreement with the Saudi Authority for Industrial Cities and Technology Zones, otherwise known as MODON, concerning the establishment of Arctech’s factory in Jeddah, Saudi Arabia with a factory covering about 97,000 square meters. The agreement signifies a significant step for Arctech’s expansion strategy, […]
ACWA Power, a leading developer and operator of renewable energy projects, on Thursday, signed a pact to partner with the International Renewable Energy Agency (IRENA) for the improvement of the global transition towards clean energy. ACWA and IRENA will focus on developing key areas like green hydrogen, solar power, smart grids, and the water-energy nexus. […]
Motor vehicle manufacturing giants Hyundai Motors and Kia, on Monday, collaborated with Exide Energy Solutions, battery manufacturing firm to expand its electric vehicle (EV) plan in the Indian market. Hyundai said the company is looking to localize its EV battery production focusing on lithium-iron-phosphate (LFP) cells. Additionally, installing domestically produced batteries in their upcoming EV […]
Renewable energy company Adani Green Energy commissioned a 180-megawatt (MW) solar power plant at Devikot in Jaisalmer, Rajasthan on Wednesday. The plant has a 25-year power purchase agreement (PPA) with the Solar Energy Corporation of India (SECI). The company said the solar plant would generate roughly 540 million units of electricity annually and will power […]
Thermal power producer Adani Power (APL) acquired 100% equity of Lanco Amarkantak Power on Tuesday, with the approval of Competition Commission of India (CCI). The company aims to strengthen its capacity and reinforce its commitment to expanding its presence in the energy industry. This is said to be Adani Power’s second acquisition in the current fiscal year […]
Commercial ports operator Adani Ports and Special Economic Zone (APSEZ) acquired a 95% stake in Gopalpur Port (GPL) on Tuesday, for an equity value of ₹3,080 crore ($369.6 million). The deal involved acquiring a 56% stake from Shapoorji Pallonji (SP) Port Maintenance and a 39% stake from Orissa Stevedores of GPL. The company also said […]
Oil and gas company QatarEnergy, on Sunday, signed a time-charter party (TCP) agreement with energy transportation and maritime services provider Nakilat for operating 25 conventional-size liquefied natural gas (LNG) vessels, as part of the second ship-owner tender under QatarEnergy’s LNG Fleet Expansion Program. The agreement was signed by His Excellency Saad Sherida Al-Kaabi, Executive Chief […]
Motor vehicle manufacturing Mahindra and Mahindra signed a memorandum of understanding (MoU) with Adani Total Energies E-Mobility (ATEL) on Thursday, to broaden energy vehicle (EV) charging facilities in India. The agreement will include the rollout of e-mobility solutions to enable users with seamless access to the charging network including discovery, availability, navigation, and transactions, added […]
Raw material manufacturer JSW Group partnered with Morris Garages (MG) Motor India on Wednesday, and the company outlined big plans for the Indian automobile sector, including the development of new energy vehicles. The newly created joint venture will be formally called JSW MG Motor India. JSW MG Motor India intends to launch one new model […]
Steel-making company Tata Steel UK said Port Talbot-based Morfa Coke Ovens made its last ‘push’ on Wednesday, making it the last day of operation. The initial notice was released by CEO Rajesh Nair on Monday, stating to cease the operation of Morfa Coke Ovens as it has been deteriorating over many months despite many efforts […]
