Adani Green Energy refinances $1.06 billion construction facility
Adani Green Energy Ltd (AGEL), India’s largest renewable energy company, announced that it has refinanced its maiden construction facility with outstanding of $1.06 billion taken in 2021 to develop India’s largest solar-wind hybrid renewable cluster in Rajasthan.
The role of ESG SaaS platforms in accelerating the energy transition
Leveraging artificial intelligence, automation, and real-time data, ESG SaaS (software-as-a-service) systems enable companies to optimize energy use, enable and enhance transparency, and comply with regulatory requirements.
Servotech, CIMSME collaborate to drive rooftop solar adoption under PM Surya Ghar Yojana
The collaboration aims to install 100,000 solar rooftop systems in homes by 2026 in support of the PM Surya Ghar Muft Bijli Yojana.
Gensol Engineering to sell US arm Scorpius Trackers for INR 350 crore
Gensol Engineering has signed a non-binding term sheet to sell its US arm Scorpius Trackers to a major renewable energy solutions provider in the US.
India needs $300 billion to meet 2032 renewable energy target
Achieving the National Electricity Plan (NEP-14) targets would require annual financing for renewable energy, storage and transmission to grow by 20% each year, reaching $68 billion by 2032 from $13.3 billion in FY 2024, says a new report from Ember.
Solar sector growth trends and emerging opportunities in 2025
The convergence of policy support, technological innovation, and market demand is set to propel the solar sector into a new era of growth.
Avaada Group commits INR 50,000 crore to renewables, storage projects in Madhya Pradesh
Avaada Group said it will develop 6 GW of solar energy, 700 MW of wind energy, 2.1 GW of battery energy storage systems (BESS), and 2 GW of pumped storage projects in Madhya Pradesh. Additionally, it will establish green energy equipment manufacturing facilities in the state.
The Hydrogen Stream: NTPC Green Energy, BLP sign green hydrogen MoU
NTPC Green Energy Ltd (NGEL) and Bharat Light and Power (BLP) signed a Memorandum of Understanding (MoU) to jointly explore the off-take of green hydrogen and its derivatives from NGEL and its affiliates to third parties.
Power ministry mandates energy storage co-location with solar projects
India’s Ministry of Power has mandated that all renewable energy implementing agencies (REIAs) and State utilities must incorporate a minimum of two-hour co-located energy storage systems (ESS), equivalent to 10% of the installed solar project capacity, in future solar tenders.
Credit Fair secures $5 million from BII to fund rooftop solar projects in India
Credit Fair has raised $5 million in debt from from the $75-million Green Basket Bond issued by Symbiotics Investments and subscribed to by British International Investment. It will deploy the amount to fund 2,500 new rooftop solar projects.
