ReNew refinances dollar-denominated bonds worth $525 million
The Indian renewable energy developer has refinanced its dollar-denominated bonds worth $525 million ahead of their maturity in 2024. The refinancing has slashed the interest cost by 200 basis points and pushed the maturity to the end of the fiscal year 2027.
Tata Power commits INR 75,000 crore to renewables
Tata Power will invest more than INR 75,000 crore ($9.4 million) by the 2026-27 period to scale up its green businesses, including renewable energy generation and solar manufacturing.
Jakson enters utility-scale battery storage, green hydrogen markets
Noida-headquartered Jakson has roped in Sterling & Wilson Solar’s former global CEO, Bikesh Ogra, to lead a new venture that will focus on green hydrogen, utility-scale battery storage, and solar.
Jharkhand to install 4 GW of solar power generation capacity in five years
Under the Solar Energy Policy 2022, the Indian state tagets installing about 3 GW of utility-scale solar, 720 MW of distributed generation, and 280 MW off-grid capacity from fiscal 2022-23 to 2026-27.
Agrivoltaics adding value to crops with low agricultural yield
A group of 35 French agricultural entrepreneurs decided to change their agricultural practices to adapt to the low quality of their groundwater and chose agrivoltaics as a way to compensate for crop yield losses.
German consortium plans to build world’s largest heat pump
Basf and Man Energy announced a plan to build a 120 MW renewables-powered heat pump for steam production at an industrial site operated by Basf in the Rhineland-Palatinate region, Germany. The feasibility study for the project should be completed by the end of this year.
Acme to build 1.5 GW green hydrogen project in Tamil Nadu
Indian developer Acme will set up a green hydrogen and ammonia project in Tamil Nadu with 1.5 GW of electrolysis capacity and 1.1 million tons of ammonia synthesis, powered by a 5 GW solar plant.
Solar module price increases to affect returns on 4.4 GW of solar
Solar cell and module prices have increased by more than 40% over the last 18 months, driven by polysilicon prices. However, bid tariffs has remained lower than what is needed to mitigate the rise in module prices. The risk of lower returns is significant for 4.4 GW of projects that have been awarded over the past 18 months, with tariffs below INR 2.2 ($0.028)/kWh.
Women salt pan workers in Gujarat to be trained as solar technicians
ReNew Power, United Nations Environment Programme, and Self-Employed Women’s Association of India (SEWA) have launched a program to train women salt pan workers in Gujarat as solar technicians. Under the initiative, 1,000 women salt pan workers will be trained as solar panel and solar pump technicians.
Prozeal Infra wins 131 MW solar EPC contract in Gujarat
Prozeal Infra has secured an engineering, procurement and construction contract for 131 MW (AC) of solar from Gujarat State Electricity Corp. Ltd. (GSECL).
