Godrej & Boyce eyes 30% annual growth in solar EPC portfolio
The company’s electricals & electronics division aims to grow its solar EPC business at 30% annually for the next three years. With this growth, it expects the EPC business to touch a size of INR 500-700 crore by the end of FY 2025-26.
NTPC tenders power transformers package for 4.75 GW Khavda RE park
NTPC’s 4.75 GW project is part of 30 GW hybrid renewable energy park at Khavda village in the Indian state of Gujarat.
IREDA approves INR 4,445 crore loan to SJVN’s 1 GW solar project
The State-controlled renewable energy and energy efficiency lender has sanctioned its highest loan amount to SJVN Green Energy for development of 1 GW solar project in Rajasthan.
NTPC commissions 240 MW solar farm in Rajasthan
The state-owned power producer announced this week it has commissioned the entire 240 MW (150 MW and 90 MW) PV capacity at Devikot solar farm in Rajasthan.
Ayana, NTPC win MSEDCL’s renewables-plus-storage tender
The tender for 250 MW of flexible and schedulable power from renewable sources with energy storage drew the lowest bid of INR 9 ($0.11)/kW.
US to deploy 30 GW/111 GWh of grid-scale energy storage by 2025
The US energy storage market hit an inflection point in 2020. The Energy Information Administration expects the deployment of grid-scale storage to pick up over the next three years.
NIIFL signs MoU on renewable energy projects in Tamil Nadu
National Investment and Infrastructure Fund Ltd (NIIFL) will support Tamil Nadu Infrastructure Development Board in identifying potential private-sector investment opportunities in various sectors including renewable energy.
NTPC switches on 162 MW solar in Tamil Nadu
The state-owned power producer has commissioned 162.27 MW of the 230 MW Ettayapuram solar PV project in the Thoothukudi district.
Sembcorp to deploy more than 400 MW of PV at coal facility in Bangladesh
Singapore’s Sembcorp plans to install several solar plants near 1.4 GW of coal power capacity that developers are now building in Bangladesh.
No funding for new coal in 2021
The renewable energy sector (solar and wind) recorded project finance deals worth INR 33,893 crore ($4,598 million) in 2021. No new project finance for coal was reported.
