NTPC secures 500 MW round-the-clock renewable power supply project
NTPC Renewable Energy has secured a 500 MW round-the-clock renewable power supply project from REMCL, a joint venture of the Ministry of Railways and RITES Ltd
DLF raises 26.43% stake in solar plant for self-consumption
DLF Cyber City Developers has agreed to acquire a 26.43% stake in Suncloud Solar, a special purpose vehicle of Cleantech Solar India, for INR 8.41 crore. Suncloud Solar will set up a solar plant for captive consumption by DLF Cyber City Developers.
Amp Energy secures a second solar project from L&T Metro Rail (Hyderabad)
Amp Energy India’s total solar project capacity for L&T Metro Rail (Hyderabad) has reached 11.8 MWp with the award of a second project of 4 MW.
Strong policy focus needed to drive pumped storage development
Despite being a mature and largely indigenous technology, pumped storage hydropower’s operational capacity in India remains very low at 3.3 GW because of the high development costs and inherent challenges in constructing these schemes.
Avaada Group raises $1.07 billion for green hydrogen, ammonia ventures
Avaada Group has secured $1.07 billion to fund its green hydrogen and green ammonia ventures in India. The funding includes $1 billion from Brookfield Renewable and $68 million from Global Power Synergy Public Co. (GPSC).
IREDA reports record profit in FY 2022-23
Indian Renewable Energy Development Agency Ltd. (IREDA) recorded an all-time high annual net profit of INR 865 crore in FY 2022-23. The profit was up 36% over FY 2021-22. Loans sanctioned and disbursed also hit record levels.
SJVN tenders BoS package for 100 MW solar in Gujarat
SJVN Green Energy has invited bids to install and commission a 100 MW (AC) grid-connected solar plant on a turnkey basis in Gujarat. The contractor’s scope also includes three years of comprehensive operation and maintenance of the solar plant.
Solis unveils hybrid inverters for rooftop applications
Solis has released a new line of hybrid inverters in five different power output versions, ranging from 3 kW to 8 kW. The hybrid inverters can be used with either lithium-ion or lead-acid batteries, with a maximum charging and discharging current of 190 A.
SECI recorded over 59% jump in RE power trading volume during FY 2022-23
Solar Energy Corp. of India Ltd (SECI) traded over 35 billion units of renewable power during FY 2022-23. Revenue from power trading surpassed INR 10,000 crore.
Sunsure Energy commissions 21.3 MWp captive solar plant for INOX Air Products
The open-access solar plant in Uttar Pradesh will supply green power to INOX Air Products’ units in the state.
