Cleantech Solar secures INR 6.25 billion green finance for advancing open access portfolio in India
Cleantech Solar has secured a long-term senior secured loan facility worth INR 6.25 billion (over $75.2 million) from Tata Capital Ltd to advance its open-access projects in India.
NTPC arm signs MoU for INR 80,000 crore green hydrogen to ammonia project
NTPC Green Energy Ltd (NGEL) will develop a green hydrogen to green ammonia project with a capacity of up to one million tonne per annum (mtpa) in Maharashtra.
NTPC tenders EPC package for 500 MW of solar projects
NTPC Renewable Energy Ltd has invited bids to install and commission 500 MW of grid-connected solar PV projects in the Bikaner district of Rajasthan. Bids can be submitted until Feb. 28.
Adani Green Energy Ltd posts INR 950 crore profit for 9M FY2024
Adani Green Energy Ltd has reported a consolidated net profit of INR 950 crore (around $114.28 million) for the first nine months of FY 2024, which is 104% up year-on-year. Revenue from operations was up 57% YoY to INR 5,794 crore.
Rystad tips Australian projects to help propel global green hydrogen growth
Rystad Energy has countered the International Energy Agency’s (IEA) recent “reality check” for the green hydrogen sector, predicting that the momentum behind renewable-based hydrogen will gather pace in 2024 as global renewable energy capacity continues to expand rapidly.
PV commissioning times up by 6 months over past 20 years, claim scientists
Scientists in Switzerland used project-level data from BloombergNEF to analyze completion times of renewable energy projects across 48 countries. They have found that average commissioning times have increased over the past two decades for all clean energy technologies.
Adani Energy Solutions reports INR 3,615 crore revenue in Q3 FY 2024
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 lights up Asia’s largest tea estate with bifacial solar PV system
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 completes funding of the reserves for the $750 million Holdco
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 secures 100 MW solar project in Gujarat
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.
