GUJARAT SOLAR POWER PROJECT
Hindustan Zinc gets power supply from Serentica 180 MW solar project
Vedanta's Hindustan Zinc now uses 450 MW from Serentica Renewables in Rajasthan, supplementing its 40.70 MW solar capacity. Aiming at reducing 0.45 million tonnes CO2, sustainability, and decarbonizing, this step coincides with Global Energy Independence Day. Phase 1 in Bikaner exemplifies Serentica's clean energy. Hindustan Zinc is the world’s second-largest zinc producer.
China launches investigation in response to EU's probe of solar, wind power and other products
China's Commerce Ministry announced an investigation into alleged unfair EU trade practices in wind power, photovoltaics, and security equipment. Initiated by China's Chamber of Commerce for Import and Export of Machinery and Electronic Products, the probe follows EU investigations into Chinese subsidies. The investigation is set to conclude by January 10, 2025.
Juniper Green inks pacts to supply 480 MW from solar-wind hybrid projects
Juniper Green Energy will supply 480 MW solar-wind hybrid capacity to GUVNL and NTPC. The GUVNL Phase 1 project generates 412 million units annually with 190 MW, while NTPC Tranche-1 produces 633 MU annually with 290 MW across Gujarat and Rajasthan. CEO Naresh Mansukhani highlights advanced hybrid energy solutions.
Inox Wind bags order for 200 MW wind project in Gujarat, Rajasthan
Inox Wind has secured a 200 MW wind energy project order from a renewable C&I power producer, to be executed in Gujarat and Rajasthan. The project includes Inox Wind’s latest 3 MW Wind Turbine Generators and turnkey execution, along with multi-year operations and maintenance services. CEO Kailash Tarachandani expressed confidence in significant growth for FY25 and beyond
Godrej Electricals commissions 12.5 MWp rooftop solar project in MP
On Monday, Godrej & Boyce's business unit Godrej Electricals & Electronics announced the commissioning of a 12.5 MWp rooftop solar project for a textile facility in Madhya Pradesh. The project, spread over 1 million square feet of manufacturing sheds, is one of the three largest rooftop solar installations in India and the first in the state. It aims to provide green energy to the textile facility, leading to an estimated annual saving of 17 million kWh of power.
L&T bags solar power projects in Middle East
L&T's renewable arm won orders for two 3.5 GW Solar PV plants in the Middle East. Projects include grid interconnections with soon-to-start construction, valued at Rs 10,000-15,000 crore. Boosting its green portfolio, L&T is a USD 27 billion multinational. Shares traded at Rs 3,600, down 0.78% on BSE, noted by Chairman S N Subrahmanyan.
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DVC to invest Rs 20,000 cr in solar energy projects by 2030
The Kolkata-headquartered corporation now has only 14 MW installed solar capacity and is executing a 348 MW project in association with NTPC. A 250MW/hour capacity of battery storage is also under consideration, he said.
ADB, ENGIE SA partner to build 400 MW solar power plant in Gujarat
ADB and Asian Infrastructure Investment Bank co-financed a Rs 1,460 crore loan for ENGIE's 400MW solar plant in Gujarat. This supports India's clean energy transition and non-fossil fuel targets. ADB, a Manila-based climate bank, financed ENGIE’s 2020 project. Over 25 years, it will generate 805 gigawatt-hours annually, cutting 662,441 tonnes CO2, with long-term financing involving local module production.
NHPC, ENGIE sign pacts for two 200 MW solar projects in Gujarat
State-owned NHPC and energy solutions provider ENGIE have signed power purchase agreements (PPAs) with Gujarat Urja Vikas Nigam Ltd (GUVNL) for two 200 MW solar projects. NHPC's project will be located within Gujarat State Electricity Corporation's renewable energy park at Khavda, with an estimated cost of Rs 846.66 crore and a completion period of 15 months from the PPA execution date.
JSW Energy inks power purchase agreements via its arms for 1,325 MW renewable projects
JSW Energy has signed power purchase agreements with subsidiaries for wind and solar projects, totaling 1,325 MW. This brings the company's total locked-in capacity to 13.6 GW. The agreements account for 36% of the company's pipeline capacity, aiming to achieve 20 GW capacity by 2030.
Juniper Green Energy secures renewable PPAs in Gujarat, Rajasthan
Juniper Green Energy announced on Wednesday that it has signed power purchase agreements for renewable energy projects in Gujarat and Rajasthan. The company has secured an agreement with Gujarat Urja Vikas Nigam Limited (GUVNL) under wind phase VI for a standalone 90 MW wind project in Gujarat. The aim of these projects is to promote renewable energy in these regions.
India powers up energy network for its hotspots
The govt is taking steps to ensure power projects, including renewable energy sources like wind turbines and solar panels, can operate effectively in the face of intense heatwaves in India. Actions involve enhancing heat tolerance levels, addressing peak power demand, upgrading transmission equipment, and implementing measures like proper ventilation in substations and transformer yards.
Cabinet approves offshore wind energy projects in Gujarat, Tamil Nadu with total outlay of Rs 7,453 cr
The Union Cabinet approved India's first offshore wind energy projects with a capacity of 1 GW, divided equally between Gujarat and Tamil Nadu, at a total cost of Rs 7,453 crore. Information & Broadcasting Minister Ashwini Vaishnaw highlighted this as a landmark decision, emphasizing the significant opportunity it represents for India's renewable energy sector.
Gensol Engineering bags another BESS project from GUVNL
Gensol Engineering secures an additional 250 MW/500 MW Battery Energy Storage System Project from GUVNL, increasing its order book to Rs 3,100 crore.
IFC to fund $105 mn for Brookfield’s Bikaner Solar Power Project
IFC has committed $105 million to finance a 550 MW solar power project in Bikaner, Rajasthan by Brookfield Asset Management, using long-term debentures. This marks IFC's first Asia-Pacific investment with a hybrid offtake structure selling power to C&I consumers and the merchant market. This partnership aims to showcase renewable energy viability, support India's green energy corridor, and drive clean energy uptake. Brookfield plans to expand renewable investments in India, in alignment with IFC's goal of increasing market competitiveness and reducing carbon footprint.
Assam: Janata Bhawan solar project inaugurated; becomes first civil secretariat in India to rely fully on solar power
Chief Minister Himanta Biswa Sarma inaugurated the Janata Bhawan Solar Project, a 2.5-Mw power generation capacity grid connected rooftop and ground-mounted solar PV system. The project will generate an average of 3 lakh units of electricity monthly, with an investment of Rs. 12.56 crore expected to be recovered within four years. The project will make the Assam Secretariat Complex the first civil secretariat in the country to rely entirely on solar generated electricity for daily consumption.
Construction of 1,000-Mw Solar Power Project in Karbi Anglong will begin shortly: Assam CM Himanta Biswa Sarma
Assam Chief Minister Himanta Biswa Sarma announced the upcoming construction of a 1,000-MW Solar Power Project in Karbi Anglong. This comes after the laying of the foundation stone for a 25-MW solar power generation project at the Namrup Thermal Power Station in Dibrugarh district. The joint venture between Assam Power Generation Corporation and Oil India Limited will cost Rs. 115 crores and is expected to produce 50 million units of electricity annually upon completion in July 2025.
ACME ties up Rs 5,600 cr loan for green energy project in Andhra Pradesh
The projects will have the ability to supply power nationwide during peak hours without disruptions. ACME, ReNew Power, Hero Future Energies and Amp Energy won parts of the tender.
Gensol Engineering emerges successful bidder for Rs 1,340-cr battery energy storage project
The project will supply electricity on an 'on-demand' basis to Gujarat State's DISCOMs during peak and off-peak hours, thereby extending renewable energy availability beyond solar hours, fulfilling energy storage purchase obligations, and enhancing grid resilience, a company statement said.
Six civic bodies likely to debut on Bond Street by next month
Nashik, Visakhapatnam, Kanpur, Surat, Varanasi, and Prayagraj are likely to issue municipal bonds by July with a fundraise of Rs 100-300 crore at 7.9-8.3% coupon rate. Municipal bodies have raised nearly Rs 3,000 crore from the bond market in last seven years
Maruti Suzuki to invest Rs 450 crore over the next 3 years on renewable energy initiatives
Maruti Suzuki India plans to invest Rs450 crore in renewable energy initiatives like solar power and biogas over the next three years. The company has commenced production at its biogas plant at its Manesar facility by harnessing food waste and Napier grass resources.
Rooftop solar installations fall 26% to 367 MW in January-March: Report
India added 367 MW of rooftop solar in the March quarter. Installations fell nearly 10 per cent quarter-over-quarter from 406 MW and dropped over 24 per cent year-on-year from 485 MW, the report titled 'Q1 India Rooftop Solar Market' said.
Avaada Energy secures Rs 315 crore finance for captive solar project in Karnataka
Avaada Energy secured Rs 315 crore financing from Aseem Infrastructure Finance ltd (AIFL) for a solar project in Karnataka. It will be developed under a long-term captive Power Purchase Agreement (PPA) with Karnataka Milk Federation (KMF). The funding from AIFL demonstrates Avaada's project financing capability and strategy. The project, located in Kalaburagi district, is expected to be completed in Q3 FY25.
India adds record 10 GW of solar capacity in Q1 2024, marking almost 400 pc YoY increase
This figure represents an almost 400 per cent year-over-year (YoY) increase compared to the over 2 GW installed in Q1 2023, as per the recent Q1 2024 India Solar Market Update from Mercom India Research.
Avaada Energy bags 1,050 MWp solar project
Avaada Energy has won a 1,050 MWp solar project through an NTPC-conducted auction, marking the largest single bid secured in the tender. The project, awarded at a tariff of INR 2.69 per kWh, is to be completed within 24 months of signing a 25-year Power Purchase Agreement (PPA). This achievement brings Avaada's portfolio to 15 GW in India.
Vikram Solar bags order to supply 397.7 MWp solar modules to NTPC's Khavda project in Gujarat
Vikram Solar secures 397.7 MWp module supply order for NTPC's Khavda project in Gujarat, powering a significant portion of the 1,255 MW Khavda Solar Project aligning with DCR.
Adani Green Secures $400 million from international banks for 750 MW power projects
AGEL secured $400 million financing for 750 MW solar projects in Rajasthan and Gujarat, with projects having SECI PPA and merchant power setup. Lenders consortium aids AGEL's growth plans and capital management for sustainable debt structure.
Gujarat Toolroom acquires 65-acre land for Rs 570-cr hybrid energy project
Gujarat Toolroom invested Rs 572 crore in a 65-acre Gujarat land for a green energy project. The Hybrid Power Plant, with solar panels and wind turbines, aims to contribute 97.5 megawatts of sustainable electricity.
Vikram Solar gets 250 MW module supply order from Gujarat Industries Power Company
Vikram Solar has secured a 250 MW solar module supply order from Gujarat Industries Power Company Ltd (GIPCL), under the government's Approved List of Models and Manufacturers. The high-efficiency, bifacial modules will be manufactured, tested, and installed at a renewable energy park near Khavda, Gujarat.
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