Funds may dry up for APAC oil and gas firms slow on diversification path
While more financiers are committing to limiting capital for fossil fuel, their oil and gas sector borrowers in the Asia Pacific region still adopt a wait-and-see approach to new energy.
India to add 20 GW of renewable energy capacity in FY2024, says ICRA
ICRA expects India to add 16 GW of solar power generation capacity, 2 GW of wind and another 2 GW from hybrid projects in FY2023-24.
WindStream crosses 100 SolarMills milestone in defence
Telangana-based WindStream Energy Technologies has installed more than a hundred hybrid renewable energy systems, SolarMills, in the remote mountainous regions crucial for defense operations.
Sterlite Copper to source hybrid renewable power from Serentica Renewables
Vedanta arm Sterlite Copper has partnered with Serentica Renewables to establish a hybrid renewable energy project for self-consumption. It will source 16 MW of hybrid renewable power from the plant under a 25-year power delivery agreement.
BP moves forward on 10 GW wind-solar complex project with land purchase
UK oil and gas giant BP is a step closer to establishing a large-scale integrated renewables and green hydrogen project in Western Australia after outlaying AUD 23 million ($15.3 million) for an almost 23,000-hectare property.
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.
Ayana to supply 300 MW of round-the-clock renewable power to REMCL
Ayana Renewable Power will develop over 1 GW of renewable energy capacity comprising solar and wind, supplemented with a storage solution, to ensure round-the-clock power supply.
Vibrant Energy, Saint-Gobain sign PPA for round-the-clock power supply
Vibrant Energy will set up a 100 MW DC interstate transmission system (ISTS) connected wind-solar hybrid project in Madhya Pradesh. The plant will supply round-the-clock power to Saint-Gobain’s facilities in India.
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.
Amp Energy wins CESC’s 150 MW wind-solar auction
Amp Energy India has won West Bengal discom CESC’s 150 MW wind-solar hybrid power auction at a tariff of INR 3.07 ($0.037)/kWh.
