Utilities

India's power generation capacity witnessed a remarkable growth trajectory in FY24, reaching a new high of 441.97 GW, representing a 6.22% increase from the previous year. This impressive growth was primarily fueled by a surge in renewable energy sources, which witnessed a phenomenal 10.79% jump to 190.57 GW.

Pacific Gas & Electric Co. is nearing a deal to sell a stake in its power plants to KKR & Co. for an estimated $2 billion to $3 billion, aiming to raise funds for infrastructure upgrades and reduce wildfire risks. The deal requires approval from the California Public Utilities Commission, which has expressed concerns about potential risks to investors.

Australians hoping for energy bill relief next financial year have been met with disappointment as the cost of energy transmission is set to rise in different parts of the country. This decision by the Australian Energy Regulator (AER) will see the amount charged by six electricity distributors increase over the next five years.

Transitioning Alice Springs to renewable energy presents challenges due to the instability of the electricity grid caused by an overreliance on solar energy. However, a new report outlines four pathways to achieve 50% renewable energy usage within six years by utilizing a mix of solar, wind, traditional energy, batteries, and a smart operating system.

Victoria's infrastructure is woefully unprepared for the increasing frequency and intensity of extreme weather events brought on by climate change. This could cost the state a staggering $1 trillion in disaster recovery by the end of the century, according to a report by Infrastructure Victoria (IV).