RENEWABLE ENERGY PARK
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.
Rise of EVs: The urgency of climate action
Climate change effects are evident globally, urging immediate action to prevent irreversible damage by 2030.
Adani Group to invest $100 billion in energy transition, says Gautam Adani
Green hydrogen, which is made by splitting hydrogen from water with the help of electrolyzers powered by clean energy, is seen as a potential panacea for decarbonizing the industry as well as transportation. Speaking at 'Infrastructure - the Catalyst for India's Future' event of Crisil, Adani Group chairman Gautam Adani said energy transition and digital infrastructure are trillion-dollar opportunities which will transform India both at a local and at a global scale.
By 2032, India infrastructure spending will surpass $2.5 trillion, says Adani
The Adani Group, he said, will invest over $100 billion (around ₹8.35 lakh crore) over the next decade in energy transition projects and in manufacturing every major component required for green energy generation. Adani Green Energy is building solar and wind parks. The group is also building facilities to manufacture electrolyzers to make green hydrogen, wind power turbines and solar panels.
ESR acquires additional 27 acres in Chennai’s Oragadam to expand industrial park
ESR Group, focusing on real estate services and investment in the Asia Pacific region, has expanded its industrial and logistics park in Chennai’s Oragadam by acquiring an additional 27 acres of land. This brings the total area of ESR Oragadam Industrial & Logistics Park to 107 acres, with plans to develop 2.5 million sq ft. The Hong Kong-listed company will invest over Rs 276 crores for construction, including land costs.
Rajasthan CM approves allotment of 4,780 ha to set up 4 solar projects
Under the proposal, Rajasthan Solar Park Development Company is set to receive 4,780 hectares for the construction of three solar parks totaling 2,450 MW in Bikaner district. Additionally, NTPC Renewable Energy Ltd will be allotted about 910 hectares to establish a 500 MW solar project in Phalodi district. The solar parks in Bikaner district will consist of two 1,000 MW parks and one 450 MW park.
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Japan willing to work with Adani group, says Ambassador Suzuki after meeting Gautam Adani
Ambassador Hiroshi Suzuki of Japan expressed enthusiasm for collaborating with Adani Group after meeting Chairman Gautam Adani. The meeting, which took place on May 29, included a visit to Mundra Port and Khavda, where Adani Group is developing the world's largest Hybrid Renewable Energy Park with a capacity of 30 GW. Adani expressed gratitude for Suzuki's support and highlighted Japan's interest in India's renewable energy sector. The project, expected to be completed by Adani Green Energy Limited, will cover 538 sq km in Kutch, Gujarat, and require an investment of approximately Rs 1.5 lakh crore.
Billionaire Gautam Adani’s green targets questioned in Snowcap analysis
The company “can meet just 50% of its 50GW target funding requirement by 2030 without raising equity, despite claiming this target is ‘fully funded’,” Snowcap said.
Gautam Adani, Japanese envoy Hiroshi Suzuki hold talks on renewable energy project
Gautam Adani, Chairman of the AdGroup, shared insights from his meeting with Ambassador Hiroshi Suzuki of Japan at Mundra Port and the world's largest Hybrid Renewable Energy Park in Khavda.
Green energy will help fight pollution and create jobs in India
India, committed to climate mitigation programme, today stands 4th globally in renewable energy installed capacity, 4th in wind power capacity and 5th in solar power capacity, as per International Renewable Energy Agency - Renewable capacity statistics 2023.
Strong demand tailwinds are for all the players: 5 small and midcap real-estate stocks with upside potential of up to 34%
Four years ago, the real estate industry was defined by excess inventory, over leveraged balance sheets and weak demand. Today, a housing project getting launched is getting sold within a few days. The average prices on a per square ft basis have inched upward very sharply in the last one year and still there is no dearth of demand. Now the question is whether this kind of sharp rise in demand is having an impact only on large players or also on mid-sized companies which are focussed in a region only. The fact is that in the case of sectors like real estate, when the tide of demand changes, it changes for every player, be it large or medium. Yes, when it comes to medium-sized players it would be important to look at the players where they have a track record of implementing projects on time. Delivering the project on time is key metrics which determines whether the company which is mid-sized today will become large or not in years to come. As the large ones have seen a sharp rise in the valuations, the focus of the street is now also on mid-sized by well managed companies.
ETMarkets Smart Talk: Next 30 days can see a bit of increased volatility as politics takes centrestage: Devang Mehta
Devang Mehta discusses the positive macroeconomic outlook for India, the impact of global trends on the market, and the growth potential in sectors like energy, renewable energy, and EVs, emphasizing the importance of fundamental analysis in IPO decisions. Mehta also says the next 30 days can see a bit of increased volatility as politics take the centrestage and all eyes will be on the election trends and actual results.
NTPC Green Energy ties up with MAHAPREIT to develop renewable energy parks, projects in Maharashtra
NTPC Green Energy collaborates with MAHAPREIT to develop a 10 GW renewable energy park in Maharashtra, aiming for 60 GW RE capacity by 2032 with NGEL subsidiary focusing on green initiatives.
Switching to green careers: A quick guide to skills and strategies for a smooth transition
Rising demand for sustainability roles prompts a shift towards green careers. Industry experts emphasize understanding required skills and pay structures. Key roles include wind turbine technicians, ESG analysts, and energy specialists. Acquiring skills like carbon accounting and climate action planning is crucial for success.
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.
Coal keeps powering India as booming economy crushes green hopes
India's energy dilemma at Tuticorin plant showcases the struggle to shift from coal to renewables. Despite global pressure, the country leans on coal, hindering efforts to reduce greenhouse gas emissions and ensure reliable electricity for its growing population.
How a remote airstrip, a km away from Pakistan border, will help Adani to build world's largest renewable energy park, bigger than Paris
In a remarkable feat of innovation, a remote airstrip near the Pakistan border is being transformed into the launchpad for one of the world's largest renewable energy parks. Spearheaded by Gautam Adani, the project envisions harnessing solar and wind energy to generate clean electricity. Despite initial skepticism, the Khavda park's ambitious plans highlight a promising shift towards sustainable energy solutions.
Adani's oasis next to Pakistan: A transformation from not even a mosquito in sight to an RE park 5-times the size of Paris
In a remote region near the Pakistan border, a barren land with minimal infrastructure becomes the unlikely site for the world's largest renewable energy park. Adani Group's ambitious project in Gujarat's Kutch district aims to harness solar and wind power in an area with ideal conditions, transforming the desolate landscape into a beacon of sustainable energy production.
Adani Green may invest nearly ₹2 lakh cr in renewable energy
Adani Green Energy plans significant investments to expand renewable energy capacities, targeting 45 GW by 2030, with a major focus on the Khavda project in Gujarat. Adani New Industries also aims for substantial growth in manufacturing capacities.
Adani Green Energy becomes India’s 1st ‘das hazari’ in renewables sector with over 10,000 MW portfolio
Adani Green Energy Ltd commissioned 2,000 MW solar at Khavda, first with 10,000 MW renewable capacity. Operating portfolio at 10,934 MW. Aiming for 45 GW by 2030, powering 5.8 million homes, avoiding 21 million tonnes CO2 annually. Gautam Adani plans 30,000 MW project in Khavda.
Adani eyes 45 GW renewable energy capacity by 2030
Gautam Adani said his group's renewable energy arm, Adani Green Energy, is leading an energy transition that honours the commitment of taking care of the planet not just for this generation and the next but also for generations to come.
NHPC bags 200 MW solar project in Khavda Renewable Energy Park in Gujarat
The project will generate about 473 million units in the first year of commissioning and the cumulative generation from the project over a period of 25 years would be about 10,850 million units.
Brookfield commissions 268 MW phase I capacity at Bikaner plant
Phase I of Bikaner has been commissioned with 268 MW and the park will total 550 MW of capacity when fully commissioned after phase II.The site’s power output will cater to the energy requirements of the Commercial & Industrial (C&I) segment.
By 2030, coal companies to up renewable energy capacity to over 9 GW
The ministry is actively promoting the deployment of both rooftop solar and ground-mounted solar projects across mining facilities. Plans are underway to develop solar parks within the reclaimed mining areas and otherwise, the ministry said. Currently, a combined solar capacity of 1.7 GW has been installed by coal companies, including Coal India, NLC India, and Singareni Collieries Company Ltd.
Adani Green Energy operanalizes 1,000 MW solar energy at Gujarat's Khavda RE Park
With this, the AGEL has achieved operational capacity of 9,478 MW and continues its journey to the stated goal of 45,000 MW by 2030, reported PTI, citing the company statement.
NTPC Green Energy, MAHAGENCO to set up JV for renewable energy parks in Maharashtra
NTPC Green Energy Ltd is a subsidiary of state-run power major NTPC. The fully owned subsidiary has been formed to take up Renewable Energy Parks and Projects including businesses in the area of Green Hydrogen, Energy Storage Technologies, and Round the Clock RE Power.
Adani Green begins power generation from world’s largest Renewable Energy park in Khavda, Gujarat
Adani Group is committed to India's clean energy transition journey towards its ambitious goals of 500 GW of renewable energy capacity by 2030 and carbon neutrality. Adani Green Energy's milestone at the Khavda RE park is a validation of this commitment and leading role.
Sterling and Wilson places orders with Nextracker for solar trackers
SWRE is implementing solar projects at NTPC Renewable Energy Ltd's (NTPCREL) solar park in Khavda, Rann of Kutch, a company statement said. SWRE is a global leader in EPC services for utility-scale solar, floating solar and hybrid & energy storage solutions with a total portfolio of over 17.5 GW.
Mega projects like hybrid renewable energy park, solar park fuelling Gujarat's progress: Officials
The Dholera Solar Park, located 80 km from Ahmedabad, is India's largest solar project, having a capacity of 5,000 MW, as per the government.
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