THDC, RRECL form JV to build 10 GW of renewable energy projects in Rajasthan
State-run hydropower producer THDC has formed a 74:26 joint venture with Rajasthan Renewable Energy Corp. Ltd to develop 10 GW of renewable energy projects in Rajasthan. The JV partners also plan floating solar and pumped hydro storage projects in the state.
Abu Dhabi’s International Holding Company to invest $400 million in Adani Enterprises FPO
Abu Dhabi-based International Holding Company (IHC) has subscribed to 16% of Adani Enterprises $2.5 billion Further Public Offering. This is IHC’s second investment deal completed with Adani Group after last year’s $2 billion investment in Adani Green Energy, Adani Transmission, and Adani Enterprises.
Union Budget 2023: Mainstreaming flexible and resilient grids
While the current policy regime supports the adoption of flexible resources like batteries, grid flexibility and resilience require more focus and a range of calibrated efforts, including due acknowledgment as a sector priority and robust planning at the central and state level. The upcoming union budget provides an opportunity for the government to develop flexible and resilient grids.
Adani Group rebuts US-based short-seller’s report
The Indian conglomerate has issued a 413-page response to the allegations made by the US-based short seller Hindenburg.
Union Budget 2023-24: EV industry calls for GST cut for batteries, low-cost EV finance, and more
Players in the electric vehicle (EV) hope the government will bring down the goods and services tax (GST) on EV batteries to 5% and lower duties on raw materials required for cell manufacturing. They also call for easy, low-cost EV finance to drive customer adoption.
Acme partners Norfund to invest in renewable energy projects in India
Indian developer Acme and the Norwegian investment fund have signed the framework agreement to co-invest in developing potential renewable energy projects in India.
TERI recommends provisions for green fund in Union Budget 2023-24
Experts at TERI say the money collected as cess on coal could be used to create a Green Equity Fund and also provide viability gap funding for energy transition projects.
Gujarat targets 8mtpa green hydrogen production capacity by 2035
The state aims to emerge as a green hydrogen hub and decarbonize energy-intensive industries like fertilizers, steel, chemicals, and petroleum.
BPCL to set up 1 GW renewable energy plant in Rajasthan
Bharat Petroleum Corp. Ltd, which targets 1 GW of renewable energy by 2025 and 10 GW by 2040, has signed an agreement with the government of Rajasthan to build a 1 GW renewable energy plant with an investment of INR 5,000 crore.
Rajasthan signs MoUs worth $14.85 billion for renewable energy, storage, and hydrogen projects
The State government has signed agreements for various giga-scale projects across renewable energy generation, solar manufacturing, pumped hydro storage, and green hydrogen.
