Vena Energy achieves financial closure for 176 MW wind-solar project in Karnataka
The project comprising 48 MW of solar and 128 MW of wind capacity, is expected to start commercial operation by the end of December.
Thermax enters green hydrogen market in partnership with Australia’s Fortescue Future Industries
Pune-based Thermax has partnered with Australia’s Fortescue Future Industries to explore opportunities for the joint development of fully integrated green hydrogen projects for commercial and industrial customers in India. They also contemplate collaborating on electrolyzer and subsystem manufacturing facilities to support green energy projects in India.
Adani to develop 15 GW of renewable energy projects in Andhra Pradesh
Adani Group has committed to building 15 GW of renewable power projects in Andhra Pradesh, while Reliance announced its 10 GW solar plans for the state. Avaada, Greenko, Indosol, and ReNew have also pledged massive investments into the state’s renewables sector.
Greenko raises $700 million in equity funding for pumped storage projects
The Hyderabad-based developer will use the amount towards the capital expenditure of more than 25 GWh of pumped storage projects.
Virescent acquires 25 MW of operating solar assets from Samta Energy
The solar plant is purportedly located in Gujarat and benefits from supplying power to the state-owned power distribution utility.
Tata Power Renewable completes $525 million equity fundraising from BlackRock, Mubadala
The investment will fund Tata Power Renewable’s aggressive growth plans as it targets over 20 GW of renewables assets and a market-leading position in the rooftop and electric vehicle charging space across India over the next five years.
Germany trying to attract ‘solar workers’ from India
The German Solar Industry Association and the Indian Skill Council for Green Jobs signed an agreement in Delhi on the weekend, marking German Chancellor Olaf Scholz’s visit to India.
Essar to invest $3.6 billion in energy transition in the UK and India
Essar has formed Essar Energy Transition (EET) that will focus on investing in hydrogen, decarbonization, new energy infrastructure, and biofuels. EET plans to invest $3.6 billion in developing low-carbon energy transition projects in the UK and India over the next five years.
Karnataka, Gujarat lead the way in transition to clean electricity
A joint study by IEEFA and Ember analysed 16 Indian states on their preparedness to shift away from fossil-fuel-based power, ability to incentivize greener market participation, power system’s reliability, and policies pushing for power sector decarbonization. It shows Karnataka and Gujarat fare well in progress towards clean electricity transition.
ABB India opens new factory in Nashik
ABB India has doubled its gas-insulated switchgear (GIS) capacity with the launch of a new factory in Nashik, Maharashtra.
