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Jindal Stainless advances industrial decarbonization with part-commissioning of 315.6 MW solar-wind hybrid project

Jindal Stainless and Oyster Renewable Energy have initiated the phased commissioning of a 315.6 MW hybrid power facility across Madhya Pradesh and Gujarat. Representing a total investment of over ₹20 billion, the project provides a reliable renewable energy supply to support large-scale steel production while targeting an annual reduction of 0.65 million metric tonnes of carbon emissions.

14 hours ago • India
Renewable Energy
Renewable Energy

Baker Hughes and XGS Energy partner on 150MW geothermal project to power Meta data centers in New Mexico

XGS Energy and Baker Hughes have entered a strategic collaboration to develop a 150-megawatt geothermal power facility in New Mexico. The project is designed to provide continuous carbon-free electricity to the local utility grid, specifically supporting the high-demand data center operations of Meta through a geology-independent renewable energy solution.

14 hours ago • United States
Renewable Energy
Renewable Energy

Transgrid to procure system strength services from nine NSW battery projects

Transgrid has shortlisted nine battery projects to provide system strength services to the New South Wales transmission network, with services expected from mid-2026. The procurement targets up to 2GW of grid-forming batteries, offering an additional revenue stream for battery owners while stabilising the grid at lower cost than traditional network upgrades.

14 hours ago • Australia

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Energy & Power | 16 hours ago

JGC-Hyundai joint venture selected as EPC contractor for Papua LNG plant

JGC Corporation and Hyundai E&C have been selected as the EPC contractor for TotalEnergies' Papua LNG Project, a 4 million tonne-per-year low-carbon facility in Port Moresby. The plant will use electric drive technology to reduce emissions, with final award subject to project FID scheduled in 2026.

Business & Corporate | 14 hours ago

AfDB invests $15 million in SPE PEF III to back growth-stage African businesses

The African Development Bank Group has approved a $15 million equity investment in SPE PEF III, a private equity fund targeting growth-stage companies in North Africa and select sub-Saharan markets. The fund focuses on manufacturing, business services, and human capital sectors, aligning with the Bank's strategic priorities.

Finance | 14 hours ago

World Bank and IFC launch US$25.75 million initiative to drive Djibouti’s economic diversification and SOE reform

The World Bank Group has initiated its first performance-linked financing program in Djibouti with a US$25.75 million grant. This project, co-led by the International Finance Corporation, marks the start of a US$75.75 million decade-long commitment aimed at restructuring state-owned enterprises and enhancing the private sector investment climate to foster long-term job creation.

Just In
18:46 Renalfa Power Clusters acquires Romanian solar and storage projects for hybrid expansion 18:40 JGC-Hyundai joint venture selected as EPC contractor for Papua LNG plant 20:42 AfDB invests $15 million in SPE PEF III to back growth-stage African businesses 20:36 World Bank and IFC launch US$25.75 million initiative to drive Djibouti’s economic diversification and SOE reform 20:25 IFC commits $125 million to OCI TerraSus for Sarawak polysilicon facility 20:14 Egg Power acquires Chirmorie Wind Farm to bolster UK energy supply for AI and digital infrastructure