Avaada announces $2.44 billion REC funding for energy transition projects
Avaada has signed an agreement with REC for INR 20,000 crore (around $2.44 billion) investment to fund its multiple projects over the next five years.
SJVN secures PPAs for 200 MW solar, 100 MW wind
SJVN Green Energy will develop 200 MW of solar projects for power supply to Maharashtra State Electricity Distribution Co. Ltd (MSEDCL). It will also build a 100 MW wind plant under a power purchase agreement with Solar Energy Corp. of India Ltd (SECI).
Sterlite Power commissions its sixth power transmission project in Brazil
Sterlite Power has completed an INR 1,600 crore Marituba Power Transmission project that is designed to deliver over 1 GW of green power to the industrial region of Belem.
US manufacturer introduces roof mount with integrated sealant
Pegasus Solar has developed the InstaFlash pre-installed sealant for composite shingle roofs.
NHPC tenders 200 MW solar EPC in Gujarat
NHPC is accepting bids to set up a 200 MW solar power project in the 600 MW solar park of Gujarat State Electricity Corp. Ltd (GSECL) at Khavda. Bidding closes on August 29.
Guatemala’s energy auction attracts 48 bidders
Guatemala’s latest energy auction has attracted 48 bidders for 235 MW of capacity. The auction has been oversubscribed, with more than 1 GW of project proposals submitted. The national regulator will announce the final results on Aug. 2.
Philippines allocates 1.97 GW of PV capacity in renewables auction
Through the procurement exercise, the GEA-BEAC allocated 1,870.8 MW of ground-mounted PV capacity and 90 MW of floating solar power. The selected developers will secure 20-year power purchase agreements.
First half 2023 total solar corporate funding increased 54% year-over-year
According to Mercom’s Solar Funding report almost 25.5 GW of solar projects were acquired in the first half of the year, totaling $18.5 billion.
Bright prospects ahead for corporate solar market
In an exclusive article for pv magazine, Bridge To India provides a quick look at the key drivers and outlook for the corporate solar market in India.
Fourth Partner Energy commissions its first wind-solar hybrid project
The 70 MW wind-solar hybrid plant in Gujarat will supply clean electricity to corporate clients in New Delhi and Hyderabad.
