Africa50 signs MoU with International Solar Alliance to support PV projects across Africa
Africa50 and International Solar Alliance (ISA) will leverage each other’s networks to mobilize funding and raise awareness of African solar projects in European and Indian markets.
Tata Power secures smart metering project worth INR 1,744 crore
Tata Power will install and maintain 1.86 million meters in the Raipur area (Raipur city and Raipur rural areas) of Chhattisgarh, served by Chhattisgarh State Power Distribution Co. Ltd.
World Bank approves $1.5 billion to support India’s low-carbon transition
The World Bank has approved $1.5 billion in financing to accelerate India’s development of low-carbon energy. The financing will help India scale up renewable energy, develop green hydrogen, and stimulate climate finance for low-carbon energy investments.
L&T advances renewables infrastructure for world’s largest green hydrogen plant
Larsen & Toubro (L&T) is set to begin constructing the renewable energy generation, storage, and grid infrastructure for the green hydrogen production facility in Saudi Arabia, as it has made significant progress from design to procurement.
Adani Transmission reports 85% increase in PAT during Q4FY2023
The company’s consolidated profit after tax (net profit) of INR 440 crore ($53.3 million) in the Jan-March period of 2023 was 85% higher year-on-year.
Telecom operators applaud move to allow load aggregation for green energy access
The latest amendment to the Electricity Rules, 2023 (Promoting Renewable Energy Through Green Energy Open Access) allows the telecom sector to aggregate the electricity consumption of telecom sites in order to avail renewable energy under the open access route.
Larsen & Toubro secures power transmission projects in Saudi Arabia, Gujarat
The Indian multinational EPC provider has secured power transmission lines and substations projects in Saudi Arabia and the domestic market.
REC eyes up to INR 3 lakh crore lending for renewables by 2030
The state-owned power finance company aims to meet 20% of the INR 15 lakh crore ($181.25 billion) financing requirement for India’s targeted 500 GW of installed RE (non-fossil fuel) capacity.
NLC seeks QCA services for 1.4 GW of solar and wind plants
NLC India Ltd is looking to engage a qualified coordinating agency (QCA) for its 1.4 GW of solar and wind power plants at various places in Tamil Nadu. The QCA will maintain the transmission of plant-level data and other required data to the state load dispatch center (SLDC), besides providing other services.
Govt panel outlines electricity market roadmap
A power ministry-constituted panel on electricity market development in India has proposed a market-based mechanism for secondary reserves, power purchase agreements (PPAs) of 12-15 years duration, and 5-minute metering, scheduling, dispatch, and settlement.
