Renewable Projects News Today : Breaking News, Live Updates & Top Stories | Vimarsana

Stormont has a target for 80% of NI's electricity to come from renewable sources, such as wind, by 2030.

NTPC, NTPC Green Energy, Coal India, and NLC India sign MoUs with RVUNL to enhance efficiency and develop thermal and renewable energy projects. NTPC plans to add supercritical units to the existing Chhabra thermal power plant. The agreements aim to reduce generation costs and expand non-fossil capacity to 45-50% with a total portfolio of 130 GW by 2032.

For funding renewable projects, derivatives such as two-way contracts have existed for long but inertia prevents their greater adoption. Each project has a target price, determined at a competitive auction. When market prices are lower than the target, the government makes up the difference. When the market goes higher, the producer pays the excess to the government

For years, renewable projects in India have been growing steadily, from small-town rooftop solar installations to large-scale projects across the desert and long stretches of wind turbines and solar panels on farmland all contributing to the country's climate goal of transitioning to clean energy.

French energy giant TotalEnergies said on Tuesday that it had signed a deal with Danish renewable energy company European Energy A/S to develop offshore wind projects in Denmark, Finland and Sweden. The deal entails the acquisition by TotalEnergies of an 85% stake in the 240-megawatte Jammerland Bugt project and a 72.2% stake in the 165-megawatte Lillebaelt South project. These two sites in Danish waters are expected to obtain final construction permits in mid-2024 and start operations by 2030.