Indian Railways tenders 2.6 GW of renewable power projects
REMC Limited unit of Indian Railways has invited bids to install 1 GW of renewable power projects, with or without storage, for round-the-clock power supply to different zonal railways. It has also tendered to install a cumulative 1.548 GW of land-based solar plants near the traction sub-stations across various zonal railways. The projects are to be developed on a build-own-operate basis.
Acme, Scatec sign green ammonia sale agreement with Yara
Norway’s Yara International has agreed to buy 100,000 tonnes of green ammonia annually from Phase 1 of Acme and Scatec’s Omani project.
Israel, USA, UAE to support 300 MW wind-solar-storage project in Gujarat
The United States and Israel have the opportunity to provide clean energy solutions for the 300 MW wind-solar project complemented by a battery energy storage system. United Arab Emirates-based companies will explore participation as knowledge and investment partner.
Tata Power wins 600 MW wind-solar hybrid project in Karnataka
Tata Power arm TP Saurya has secured the letter of award to build a 600 MW wind-solar project in Karnataka. This project is the latest addition to the company’s hybrid power portfolio after winning a 300 MW capacity from Maharashtra State Electricity Distribution Company Ltd last year.
India may miss 2030 renewables target by over 104 GW
The nation may miss its 2030 target of 500 GW renewables capacity by over 104 GW under the current market trend.
Fluence opens new tech center in India
Energy storage specialist Fluence has opened a technology center in Bengaluru, as part of its plans to localize production in India in the future.
ReNew refinances dollar-denominated bonds worth $525 million
The Indian renewable energy developer has refinanced its dollar-denominated bonds worth $525 million ahead of their maturity in 2024. The refinancing has slashed the interest cost by 200 basis points and pushed the maturity to the end of the fiscal year 2027.
Gautam Solar hits 100 MW of DCR solar module sales
The Delhi-based solar manufacturer has supplied 100 MW of modules to projects set up under the Ministry of New and Renewable Energy schemes mandating domestic content requirement (DCR).
Emmvee eyes early-mover advantage with wafer-to-module production
Bengaluru-based Emmvee Photovoltaic has a 1.25 GW module manufacturing facility that can produce polycrystalline and mono PERC solar panels, with the ability to upgrade to TOPCon. By the end of 2023, it will raise its module capacity to 3 GW by adding new units, including 1.5 GW of wafer-to-module capacity. Suhas Donthi, director-sales and operations, spoke to pv magazine about current demand for Indian manufacturers and what’s in store.
Aerem raises $2.5 million for its solar financing platform
The MSME solar financing platform will use the funds to grow its loan book, enhance the technology platform, and expand its team.
