Uma Gupta
Goldi Solar secures 190 MW module supply order from Engie India
Goldi Solar will supply its HELOC PRO series of 545 Wp PV modules to Engie India’s Sayla village project in Gujarat.
Adani Green secures $1.36 billion debt facility to finance Khavda RE Park
Adani Green Energy Ltd (AGEL) has secured a $1.36 billion debt facility from eight international banks in one of the largest project finance deals in Asia. It will use the funding to develop the world’s largest renewable energy park at Khavda in Gujarat.
Alpex Solar files draft papers for IPO with NSE Emerge
The solar manufacturer will utilize the net proceeds to expand its PV panel capacity from 450 MW to 1.2 GW and establish an aluminium frame manufacturing unit, besides meeting working capital expenses.
Eden Renewables signs 300 MW solar PPA with SECI
Eden Renewables India has announced the signing of 300 MW power purchase agreement (PPA) with Solar Energy Corp. of India Ltd, for sale of renewable energy.
ReNew signs MoU with Asian Development Bank for $5.3 billion
ReNew has signed a memorandum of understanding with the Asian Development Bank for the financing of renewable energy, manufacturing, carbon offset, and green hydrogen projects between 2023 and 2028.
Sadhana Nitro Chem to set up 20 MW green hydrogen plant for self consumption
Chemicals manufacturer Sadhana Nitro Chem plans a 15-20 MW green hydrogen facility for consumption by its current manufacturing facility and expansion of the para Aminophenol plant.
SECI tenders for 400 MW of solar module supply
Solar Energy Corp. of India Ltd (SECI) is accepting bids to supply 400 MW of domestically manufactured solar modules built with made-in-India cells. The modules must be rated a minimum of 540 Wp each. Bidding ends on Dec. 23.
Bluebird Solar to expand module capacity to 2 GW by March 2025
Delhi-based Bluebird Solar, which currently has a 400 MW per year panel manufacturing facility, will ramp up capacity to 1.2 GW by March 2024 and further to 2 GW by March 2025.
ADB approves $250 million loan for India’s power sector reforms
The Asian Development Bank (ADB) has approved a $250 million policy-based loan to strengthen the market for power trade and related ancillary services in India, facilitating the integration of intermittent renewable energy. The loan will also enable measures to improve the financial performance, corporate governance, and service quality of electricity distribution companies (DISCOM) and create a conducive environment for private sector investment.
SECI launches 1 GW renewables, storage tender
Solar Energy Corp. of India (SECI) is inviting bids from developers to supply 1.5 GW of firm, dispatchable power from renewable energy projects with storage systems. The successful bidders will set up RE projects with storage on a build-own-operate basis to supply RE power in a demand-following manner. Bids can be submitted till Jan. 9, 2024.
