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 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 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 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 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.
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 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.
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