Abu Dhabi’s International Holding Company to invest $400 million in Adani Enterprises FPO
Abu Dhabi-based International Holding Company (IHC) has subscribed to 16% of Adani Enterprises $2.5 billion Further Public Offering. This is IHC’s second investment deal completed with Adani Group after last year’s $2 billion investment in Adani Green Energy, Adani Transmission, and Adani Enterprises.
US-based renewable power producer announces 100 MW hybrid wind-solar project in India
The 100 MW co-located, wind-solar hybrid renewable power project in Maharashtra will supply clean power to commercial and industrial (C&I) customers in the state.
Union Budget 2023: Mainstreaming flexible and resilient grids
While the current policy regime supports the adoption of flexible resources like batteries, grid flexibility and resilience require more focus and a range of calibrated efforts, including due acknowledgment as a sector priority and robust planning at the central and state level. The upcoming union budget provides an opportunity for the government to develop flexible and resilient grids.
Coal miner SCCL commissions its first floating solar plant
State-owned Singareni Collieries Co. Ltd (SCCL) has commissioned 5 MW of its planned 15 MW floating solar plant at the Singareni Thermal Power Station reservoir in Telangana. The plant was built by Hyderabad-headquartered Novus Green Energy Systems using glass-to-glass PV modules.
Eggplants grow 50% more under solar panels
French specialist Sun’Agri unveiled the agronomic results on a crop of eggplant grown in a greenhouse commissioned in the Lot-et-Garonne in September, 2020.
NTPC tenders up to 1.5 GW of solar projects
NTPC Renewable Energy Ltd has tendered the balance-of-system (BoS) package with land for 1 GW of solar projects with green shoe option for additional 500 MW. Bidding is open until January 21.
Acme partners Norfund to invest in renewable energy projects in India
Indian developer Acme and the Norwegian investment fund have signed the framework agreement to co-invest in developing potential renewable energy projects in India.
TERI recommends provisions for green fund in Union Budget 2023-24
Experts at TERI say the money collected as cess on coal could be used to create a Green Equity Fund and also provide viability gap funding for energy transition projects.
Ecozen raises $25 million, led by Nuveen
The Pune-headquartered solar pump controller and solar cold storage solutions provider will use the funds to expand beyond India and tap business opportunities beyond agriculture.
Gujarat targets 8mtpa green hydrogen production capacity by 2035
The state aims to emerge as a green hydrogen hub and decarbonize energy-intensive industries like fertilizers, steel, chemicals, and petroleum.
