Adani Energy Solutions Ltd, a private-sector transmission and distribution company in India, has recorded a revenue of INR 3,615 crore ($434.78 million) for Q3 FY 2024, 19% up year-on-year.

Tata Power Renewable Energy Ltd has commissioned a 1.04 MW solar PV system for Chengmari Tea Estate. The installation uses 1,900 bifacial PV modules

Adani Green Energy Ltd has concluded funding of the entire $750 million Holdco Bond redemption with the receipt of $281 million through promoter preferential allotment. Other sources of funds include $300 million from TotalEnergies JV proceeds and $169 million from debt service reserve account, hedge reserves, and interest on reserve account.

SJVN has secured a 100 MW solar power project from Gujarat Urja Vikas Nigam Ltd (GUVNL). It will develop the project on a build-own-operate basis in Gujarat and sell the generated power to GUVNL under a 25-year power purchase agreement.

The collaboration with Tata Technologies will enable Agratas to accelerate product development, including the design and integration of battery cells into modules and packs for global customers in the mobility and energy sectors.

REC Ltd has signed a Memorandum of Understanding (MoU) with the National Investment and Infrastructure Fund Ltd to collaborate on funding solutions for renewable energy projects.

CapitaLand India Trust (CLINT), an Indian property trust listed on the Singapore Exchange Securities Trading Ltd, has commissioned a 21 MW solar plant for consumption by the common areas of its assets in Tamil Nadu. The solar plant will increase CLINT assets’ renewable energy usage by over 70% in line with its net zero commitment.

The Asian Infrastructure Investment Bank (AIIB) has invested around $58.4 million in a renewable energy Infrastructure Investment Trust (InvIT) co-sponsored by Mahindra Susten and Ontario Teachers’ Pension Plan. The InvIT holds around 1.54 GWp of operational solar power assets seeded by Mahindra Susten.

Ratings agency ICRA has maintained a stable outlook for the renewable energy sector in India on the back of strong policy support, healthy demand prospects, superior tariff competitiveness among other positive factors.

Ritesh Singhi joins Cleantech Solar from Ampin Energy Transition, where he served as chief operating officer for the commercial and industrial segment.