Uma Gupta
NTPC Green Energy files draft papers for $1.19 billion IPO
The initial public offer (IPO) will comprise only a fresh issue of equity shares, with no offer-for-sale component included.
Torrent Power secures LoI for 1.5 GW pumped hydro storage capacity
Torrent Power will provide 1.5 GW of energy storage capacity to Maharashtra State Electricity Distribution Co. Ltd (MSEDCL) for a period of 40 years. The capacity will be made available from Torrent’s upcoming pumped hydro storage plant being set up in Raigad District, Maharashtra.
Gautam Solar to set up 2 GW PV cell manufacturing facility
Gautam Solar plans to establish a 2 GW PV cell manufacturing plant with an estimated investment of INR 1,000 crore.
Sunsure Energy, REC sign MoU for INR 10,000 crore to develop green energy projects
REC has agreed to provide INR 10,000 crore in debt funding to support Sunsure Energy in the development of 3 GW of solar, wind, hybrid, and battery energy storage projects.
Tata Power Renewable Energy secures 400 MW hybrid wind, solar project from MSEDCL
Tata Power Renewable Energy Ltd has secured a Letter of Award to develop a 400 MW wind-solar hybrid project for power supply to the Maharashtra State Electricity Distribution Co. Ltd. The project includes original contracted capacity of 200 MW along with the greenshoe option for an additional 200 MW capacity.
Jindal India Renewable Energy enters battery storage systems, targets 5 GWh cell capacity by 2027
Jindal India Renewable Energy plans to build 1 GWh battery pack assembly line by 2025. It aims to become an end-to-end player in energy storage systems with 5 GWh cell capacity by 2027.
Hindalco mulling solar panel manufacturing
Hindalco, a mining and metals arm of Aditya Birla Group, plans solar panel manufacturing leveraging its capabilities in metal production. The company has reportedly identified Mundra (Gujarat) as the location for its manufacturing facility.
The Hydrogen Stream: India’s Uttar Pradesh receives INR 1.15 lakh crore investment proposals from 17 firms for green hydrogen production
The state government of Uttar Pradesh has received investment proposals amounting to close to INR 1.15 lakh crore from 17 different entities for producing green hydrogen/green ammonia
REC to provide $280 million for Hygenco green ammonia project
Hygenco has entered into a memorandum of understanding (MoU) with REC Ltd for $280 million to finance its green
ammonia project in Gopalpur, Odisha.
INA Solar breaks ground on 3 GW panel factory in Rajasthan
Insolation Energy (INA Solar) is building a 3 GW PV module manufacturing facility along with 12,000 mtpa aluminium frame plant in the Jaipur district of Rajasthan.
