ONGC NTPC Green Pvt Ltd will explore and set up renewable energy (RE) projects in India and overseas through greenfield development and acquisitions. It will also explore and harness opportunities in the fields of energy storage, e-mobility and ESG (Environmental, Social and Governance) compliant projects.
ACME Solar’s arm ACME Sun Power has secured INR 3,753 crore loan for the development and construction of firm and dispatchable renewable energy (FDRE) projects totaling 320 MW in Rajasthan and Gujarat.
Oriana Power has reported revenues of INR 359.54 crore and net profit of INR 48.57 crore during the half-year ended September 30, 2024.
Adani Group chairman Gautam Adani said this week the Group will invest $10 billion in US energy security and infrastructure projects, creating up to 15,000 jobs in America.
The Global Solar Council says global installed photovoltaic capacity has surpassed 2 TW. The organization says an additional 4 TW of solar capacity will likely be deployed by 2030.
NTPC Green Energy intends to utilize the net proceeds from the fresh issuance to the extent of INR 7,500 crore for repayment/prepayment, in full or in part, of certain outstanding borrowings availed by its wholly owned subsidiary, NTPC Renewable Energy Ltd (NREL). The balance will go towards general corporate purposes.
Amid a backdrop of massive installations and evolving metrics, IEA-PVPS 2024 “Trends Report” encapsulates significant shifts in photovoltaic deployment across the globe, reflecting PV’s evolving role in energy systems and underscoring its capacity to meet global demands. The association explores the trends identified in the report, noting the milestones, regional dynamics, and the implications of increased PV penetration in energy grids worldwide.
CHN Energy has connected the 3 GW Mengxi Lanhai solar facility to the grid after 14 months of construction. The project in Ordos, Inner Mongolia, required a total investment of approximately CNY 12 billion ($1.6 billion).
The Nepalese authorities had originally planned to allocate 800 MW of PV capacity through the procurement exercise. The 64 selected projects range in size from 5 MW to 50 MW.
PV InfoLink says that Chinese solar demand will reach between 240 GW and 260 GW this year, while European demand will hit 77 GW to 85 GW.
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