SOLAR POWER PROJECT INDIA
Rays Power Infra gets projects worth Rs 833 cr in June qtr
Rays Power Infra secured new projects worth Rs 833 crore in the first quarter of the current fiscal, adding over 680 MW to its existing portfolio. The company's commitment to delivering high-quality projects and maintaining growth momentum is evident, as stated by Whole-Time Director Pawan Sharma.
Waaree Renewable Technologies gets Rs 90 cr solar project
The project is scheduled to be completed in ongoing financial year 2024-25, Waaree Renewable Technologies Ltd (WAAREERTL) said in an exchange filing. "WAAREERTL has received a Letter of Award (LOA) for the execution of Engineering, Procurement and Construction works for solar power project of 30 MW DC capacity on turnkey basis," it said.
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.
India races to build power plants in region claimed by China, sources say
India is investing $1 billion in 12 hydropower stations in Arunachal Pradesh to support the region's infrastructure. The move may impact relations with China due to territorial disputes. Both countries are focusing on improving border infrastructure after recent clashes. Stay informed for further updates.
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.
EXIM Bank enters into $2.5 million Line of Credit agreement with Guyana
EXIM Bank of India signed a $2.5 million credit line with Guyana for a solar plant at Cheddi Jagan International Airport, effective June 24, 2024. 75% Indian goods, works, and services; 25% can be external. Signed February 29, 2024. Disbursement is within 48 months of project completion, the Reserve Bank of India noted.
- Go To Page 1
Budget 2024: EEPC India pushes for export boost, calls for higher interest subvention
EEPC India has also proposed that MSME manufacturing units that are Partnership/LLP/Sole Proprietor be given an Income Tax slab of 25% with the condition that they plough back this extra 10% in the business.
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.
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.
India's solar output grows at slowest pace in six years in first half of 2024
Solar power generation in the third-largest producer of electricity from the sun rose to 63.6 billion kilowatt-hours (kWh) in the first half of 2024, the data showed, up 14.7% compared with the same period last year and 18.5% in the calendar year 2023. The world's fastest growing major economy has prioritised coal to address a surge in power demand in recent years.
India's biggest concentrated solar tender likely this year
The tender will be issued by the end of this fiscal, Gupta said. SECI is the nodal agency for implementing the government's renewable energy projects. "There have been solar thermal tenders but not of this scale," Gupta told reporters on the sidelines of India Energy Storage Week 2024 organised by India Energy Storage Alliance.
SKF India, Tata Power among 5 stocks to trade ex-dividend tomorrow
Investors rejoice as lucrative dividend opportunities await with Tide Water Oil Company (India) trading at around Rs 2,389.85 on BSE, declaring a generous dividend of Rs 20 per share for eligible shareholders on July 4.
Corporate Watch: M&M, Tata Comm among 36 stocks in spotlight this week
Welspun Enterprises and DJ Mediaprint declared dividends with ex-dates on July 5. Escorts Kubota also set July 5 as the ex-date for dividend issuance. Several other companies like Tide Water, SKF India, and Balaji Amines have dividend and ex-date announcements in the same week.
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.
India says rising solar cell output will curb imports from China
In a bid to wean itself off Chinese imports, India has levied taxes on some solar components and introduced a so-called approved list of models and manufacturers, a non-tariff trade barrier that’s essentially meant to keep foreign shipments out.
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.
High installation cost barrier to adopting rooftop solar power in India: Survey
High installation costs and lack of skilled labor are major barriers to rooftop solar adoption in India, according to a Luminous Power Technologies survey. Conducted with 4,318 respondents across five metros and eight non-metro cities, the survey revealed that 90% recognize the need for specialized skills, and 59% are concerned about high initial costs.
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.
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.
India may add 25 GB wind energy capacity by 2028, need Rs 2 lakh crore: Crisil
India is set to significantly boost its wind energy capacity by adding nearly 25 gigawatts between fiscal years 2025 and 2028, driven by the increasing need for renewable energy and grid balancing. The government's target to auction 50 GW of renewable projects annually and stable average tariffs reflect India's commitment to sustainable energy solutions.
L&T's power transmission, distribution business bags multiple orders in India, overseas
Floating solar projects involve mounting solar modules on structures that float in a water body, typically a reservoir/lake/abandoned quarry. Compared to ground-mounted solar plants, floating solar plants do not require land acquisition and typically involve less civil work.
Load More
