Uma Gupta
SJVN launches tender for 376.60 MWp of solar modules
SJVN Green Energy Ltd is accepting bids for production and supply of solar PV modules with a cumulative capacity of 376.60 MWp. Bidding closes on June 11.
Vikram Solar wins 397.7 MWp module supply order for NTPC’s Khavda project
Vikram Solar will supply bifacial modules with rated output of 540 Wp each to NTPC’s Khavda project in Gujarat. The modules meet the domestic content requirement.
Maharashtra extends bidding for 5 GW of solar
Maharashtra State Electricity Distribution Co. Ltd (MSEDCL) has extended the bidding to set up 5 GW of solar power projects anywhere in India for power supply to MSEDCL under a 25-year PPA. The revised bidding deadline is June 18.
GP Eco Solar looks to raise INR 30-35 crore in IPO
GP Eco Solar will use the funds raised through the initial public offering (IPO) on NSE Emerge to fuel its growth in the solar sector. It will allocate around INR 12.45 crore for working capital and expansion, and invest INR 7.6 crore in subsidiary Invergy India for a new solar inverter assembly facility in Noida.
Enfinity Global secures $135 million for 1.2 GW of solar, wind power plants in India
US-based Enfinity Global has secured $135 million in long-term financing to advance the development of its 1.2 GW of solar and wind projects in India. The financing is being provided by Canada Pension Plan Investment Board
IEX reports 26.4% rise in renewable energy certificate trading
The Indian Energy Exchange (IEX) traded 75.39 lac renewable energy certificates (RECs) in FY 2024, equivalent to 7.54 billion units, registering a 26.4% increase year-on-year.
Adani Energy Solutions completes acquisition of Essar’s operational Mahan-Sipat transmission assets
Adani Energy Solutions Ltd (AESL) has acquired Essar’s operational Mahan-Sipat transmission assets for an enterprise value of INR 1,900 crore. This acquisition will add 673 ckt km, 400 kV inter-state transmission line, taking AESL’s cumulative network to more than 21,000 ckt km.
ReNew secures $1 billion from European bank Societe Generale
Societe Generale will provide up to $1 billion of debt finance and advisory solutions, over the next three years, to support the development of ReNew’s energy transition projects.
The Hydrogen Stream: India extends bidding for second round of electrolyzer incentives
Manufacturers now have until May 31 to submit bids for setting up electrolyzer manufacturing capacities in India under the second round of the government’s Strategic Interventions for Green Hydrogen Transition (SIGHT) program.
India to add more than 15 GW of renewable energy capacity annually in FY 2025 and FY 2026: India Ratings
India Ratings and Research expects India to maintain pace of renewables capacity addition owing to a significant drop in equipment prices, continued policy support, availability of liquidity, and investment plans of some of the large corporate players.
