Tata Power-DDL sourced 2,600 million units of green power from renewable sources such as solar, wind, hydro, and waste in FY 2022-23. With this, it scores a hat trick of Renewable Purchase Obligation (RPO) compliance.

SJVN Green Energy Ltd (SGEL) has invited bids to install and commission 275 MW (AC) of grid-connected solar projects, including 200 MW at Khavda Solar Park (Gujarat) and 75 MW at Jamui (Bihar). The solar modules for both projects will be supplied by SGEL.

Tata Power’s profit after tax (net profit) grew 29% year-on-year to INR 1,141 crore ($137.6 million) in the April-May-June period of FY 2023-24. Consolidated revenue stood at INR 15,003 crore.

Hinduja Renewables won 80 MW by quoting a tariff of INR 3.89 ($0.047)/kWh in the second phase of the 600 MW floating solar park.

The Reliance solar gigafactory in Jamnagar, Gujarat, will produce PV cells and modules based on REC’s heterojunction technology.

NTPC Renewable Energy Ltd (NTPC REL) will develop 80 MW of floating solar capacity at Omkareshwar Reservoir. The electricity generated will be supplied to state-owned electricity distribution companies in Madhya Pradesh.  

Tata Power has signed a Memorandum of Understanding (MoU) with the government of Maharashtra to develop 2.8 GW of pumped hydro storage projects in the state. The cumulative project cost is estimated at INR 13,000 crore.

Mahindra Susten will develop 200 MW of solar capacity to supply electricity to Gujarat Urja Vikas Nigam Ltd (GUVNL). The project can be developed anywhere in India, as long as it is connected to the interstate transmission grid.

Spain-headquartered PV Hardware (PVH) will supply its trackers to Larsen & Toubro for an 805 MW DC PV project in Saudi Arabia.

Qatar Investment Authority (QIA) has acquired 42,604,601 shares from Adani Green Energy’s promoter Infinite Trade and Investment at a price of INR 920 per share.