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December 23, 2024

Wire & Cable India

Tag : renewable energy

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India Needs Annual Investments of INR 3 Trillion to Achieve 440GW RE Capacity by 2030

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As per ICRA Limited, in order to achieve an installed renewable energy capacity of 440 GW by 2030, India will need investments of more than INR 3 lakh crore for the next five-six years. Sep 23, 2024 India will need annual investments exceeding INR 3 trillion to achieve an installed......
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Tata Power Renewable Energy Secures 400 MW Hybrid Project From MSEDCL

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The project includes original contracted capacity of 200 MW along with the greenshoe option for an additional 200 MW capacity. It is expected to reduce carbon emissions by approximately 895 million kg of CO2. Sep 23, 2024 Tata Power Renewable Energy Limited (TPREL), one of the leading players in the......
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Decarbonisation of Steel: India Comes Up With Investment Plan of INR 23.52 Lakh Crore

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The roadmap prepared by the Ministry of Steel aims to push renewable energy use within the steel sector from current 7.2 percent to 43 percent by 2030. The transition process will cost USD 150 billion, apart from USD 13 billion.  Sep 19, 2024 The Ministry of Steel has come up......
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NLC India Invests INR 50,000 Crore with Aim to Threefold Power Generation Capacity by 2030

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NLCIL aims to increase its renewable energy capacity from 1.43 GW to 10.11 GW by 2030,  entailing an investment of approximately INR 50,000 crore. Sep 19, 2024 In order to support the country’s renewable energy target and contribute to the broader aim of achieving Net Zero emissions by 2070, the......
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Sumitomo Enters Indian Renewable Energy Market with Investment of over USD 650 Million

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The project worth over USD 650 million aims to develop and supply 1 GW of power derived from renewable sources such as solar and wind to companies in India within the next few years.  Sep 17, 2024 Sumitomo Corporation and AMPIN Energy Transition Private Limited (hereinafter, “AMPIN Energy Transition”), a......
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Nexans Invests EUR 15 Million to Step Up Production of Low-Carbon Medium-Voltage Cables

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The project involves installing two new latest-generation production lines and modernizing the entire manufacturing flow at Nexans Bourg-en-Bresse plant to meet electrification requirements of France and Western Europe. Sep 12, 2024 Nexans has announced its plans to invest EUR 15 million in its production plant in Bourg-en-Bresse, Auvergne-Rhône-Alpes (east-central France).......
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NKT Finalizes Shetland HVDC Link Supporting Renewable Energy in Great Britain

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The turnkey project connects the Shetland Islands to the main grid in Scotland with the Shetland 320 kV HVDC link. The interconnector is now a key contributor to the integration of renewable energy in Great Britain. Sep 12, 2024 Interconnected power grids are essential to the green transition and with......
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China’s State Grid Breaks Ground on 2,370-km Electric Transmission Line

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The ultra-high voltage transmission line worth USD 4.86 billion will send more than 36 billion kilowatt-hours (kWh) per year of electricity from Gansu province in the west to Zhejiang in the east, passing through four other provinces on the way. Aug 11, 2024 The State Grid Corporation of China has......
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India’s Power Generation, Transmission Sectors to Reach USD 280 by FY30

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As per Jefferies’ September report, the power generation and transmission sectors of India are projected to rise more than twice during the period between FY24 and FY30, reaching around USD 280 billion. Sep 10, 2024 The power generation and transmission sectors of India are projected to rise 2.2 times during......
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Prysmian Gets EUR 45 Billion from EIB to Promote Energy Transition in Europe

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The investment will enable Prysmian to double its production capacity for extruded cables at its three factories in Pikkala (Finland), Pozzuoli (Italy) and Gron (France) from around 2,000 km a year to over 4,000 km a year.  Aug 7, 2024 Prysmian, world leader in the power and telecom cables sector,......
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