India will require INR 9 trillion capex to meet 2030 green hydrogen target
A new report says India will require INR 5.5-6 trillion to create 115-125 GW of renewable energy capacity and INR 3-3.5 trillion to meet 35-40 GW of electrolyzers requirement in order to reach green hydrogen production capacity of 5 MMT per annum by 2030.
BPCL to build 240 MW of solar, wind farms this fiscal
The state-run oil and gas company will build 240 MW of renewable power generation capacity with an investment of INR 1,600 crore this fiscal. The capacity will purportedly supply power for its refineries.
IndiGrid raises $138.84 million debt finance from IFC
International Finance Corp. (IFC) has subscribed to IndiGrid’s listed, non-convertible debentures aggregating to INR 1,140 crore (($138.84 million).
ReNew raises $400 million via green bonds
The developer said the funds raised would go towards refinancing its existing dollar debt and funding various growth initiatives.
Gensol Engineering revenue soars 144% in fiscal 2022-23
The Ahmedabad-based solar EPC and advisory services provider has recorded a revenue of INR 391.61 crore for the fiscal year ended March 31, 2023, defying the headwinds posed by volatile commodity prices.
Tata Power Delhi discom signs $20.2 million financing deal with ADB
Tata Power will use the secured financing to enhance Delhi’s power distribution through grid enhancements and a battery energy storage system.
Grew wins 2 GW wafer-to-module capacity under PLI Scheme
Ahmedabad-based Grew Energy will receive incentives of INR 566.71 crore for 2 GW of integrated wafer-cell-module manufacturing.
Amp Energy India wins 1 GW solar cell and module capacity under PLI Scheme
The renewable energy developer has won incentives of INR 140 crore ($17 million) for 1 GW of integrated solar PV cell and module production capacity.
SJVN secures $111.3 million Japanese loan to fund solar projects
SJVN has secured around INR 915 crore ($111.3 million) loan to partly finance its 90 MW Omkareshwar floating solar project in Madhya Pradesh and 100 MW Raghanesda solar project in Gujarat.
Avaada Group wins 3 GW solar manufacturing capacity under PLI Scheme
Avaada Group won a production-linked incentive of INR 961 crore ($116.78 million) for 3 GW of wafer-to-module capacity.
