REC raises about INR 3,500 crore via Japanese Yen-denominated green bonds
Proceeds from the issue of the bonds will be applied to finance the eligible green projects.
Engie commits INR 17,200 crore investment in Gujarat
Engie will invest INR 17,200 crore towards the development of 2.5 GW of renewable energy projects by 2030 in Gujarat. It will also collaborate with the Gujarat government for decarbonization initiatives in the state.
Reliance’ green energy giga complex will be ready for commissioning this year, Adani announces further investment in Gujarat
Reliance Industries and Adani Group, which have made big investments in creating an integrated renewable energy ecosystem in Gujarat, announced their further plans for the state at the 10th Vibrant Gujarat Global Summit.
Govt announces INR 515-crore solar power scheme for electrification of tribal areas
The Scheme targets the electrification of 100,000 un-electrified households in tribal areas by providing off-grid solar solutions free of cost. The solutions will be installed in areas where electricity supply through the grid is not techno-economically feasible.
Adani Green Energy to invest in pumped storage plants in Tamil Nadu
Adani Green Energy will invest INR 24,500 crore in setting up three pumped storage plants with a cumulative capacity of 4.9 GW in Tamil Nadu.
IndiGrid signs agreement to acquire 300 MW (AC) solar assets from ReNew
IndiGrid has executed the share purchase agreement to acquire ReNew Solar Urja Pvt Ltd from ReNew Solar Power, which operates a 300 MW (AC) solar project in Rajasthan. The acquisition is to be done a total enterprise value of INR 1,650 crore ($199 million) including net working capital and cash.
China solar cell prices decline on sluggish downstream demand
In a new weekly update for pv magazine, OPIS, a Dow Jones company, provides a quick look at the main price trends in the global PV industry.
Juniper Green signs INR 8,000 crore MoU for 1 GW wind, solar projects in Gujarat
Juniper Green Energy has signed an agreement with the state government of Gujarat to establish 1 GW of wind and solar projects in Gujarat with an investment of INR 8,000 crore ($961.75 million).
NIIF appoints Actis’ Sanjiv Aggarwal as CEO and MD
Sanjiv Aggarwal, who has worked with sustainable infrastructure investor Actis, has joined National Investment and Infrastructure Fund Ltd (NIIFL) as chief executive officer and managing director.
Erisha E Mobility signs INR 6,900 crore MoU for green hydrogen, mega EV park in Gujarat
Erisha E Mobility will invest INR 6,900 crore in setting up an electric vehicle park, charging infrastructure, and green hydrogen production facilities in Gujarat.
