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Partners Group to acquire Sunsure Energy

The Swiss investment manager will invest up to $400 million to transform Sunsure into a next-generation independent power producer. The platform targets 3 GW of capacity from Partners Group’s equity commitment.

Power minister launches transmission system plan for over 500 GW renewables capacity by 2030

India’s Ministry of Power has chalked out a comprehensive plan for the evacuation of power from the planned 500 GW of renewables capacity by 2030. The plan envisages an additional transmission system and the installation of battery energy storage capacity.

ONGC signs MoU with Shell for carbon capture, utilization and storage

India’s largest crude oil and natural gas company has signed an agreement with global energy giant Shell for joint study on carbon capture, utilization and storage.

Adani Green becomes world’s largest wind-solar hybrid power developer

The developer has commissioned a 450 MW wind-solar power plant in Rajasthan. With this, it has reached a cumulative hybrid power generation capacity of 1.44 GW.

ACE Green to set up lithium battery recycling plants in India

US-based ACE Green is setting up lithium battery recycling plants in Uttar Pradesh and Gujarat, where it will use a zero-waste hydrometallurgical recycling process to extract valuable materials from dead batteries.  

Sterlite Power acquires Kishtwar transmission project in J&K 

The project comprises a 400/132 kV gas-insulated substation at Kishtwar and a 400 kV Kishenpur-Dulhasti line-in line-out transmission line.

Waaree Energies emerges as India’s biggest solar module supplier

The Mumbai-headquartered solar manufacturer supplied 17% of the overall 1.28 GW of solar modules shipped in India during Q3 2022.

No funding for new coal in 2021

The renewable energy sector (solar and wind) recorded project finance deals worth INR 33,893 crore ($4,598 million) in 2021. No new project finance for coal was reported.  

Jindal Stainless signs 300 MW wind-solar PPA with ReNew Power

The stainless-steel manufacturer has selected ReNew Power to develop a utility-scale wind-solar project for its self-consumption.

Greenzo announces 250 MW electrolyzer fab in Gujarat

The Delhi-based renewable project consultant will invest $50 million in the Gujarat facility to manufacture anion exchange membrane (AEM) electrolyzers for green hydrogen generation. The project has received $1 million from Real Time Accelerator Fund as an angel investor in Greenzo.

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