Avaada Group raises $1.07 billion for green hydrogen, ammonia ventures
Avaada Group has secured $1.07 billion to fund its green hydrogen and green ammonia ventures in India. The funding includes $1 billion from Brookfield Renewable and $68 million from Global Power Synergy Public Co. (GPSC).
IREDA reports record profit in FY 2022-23
Indian Renewable Energy Development Agency Ltd. (IREDA) recorded an all-time high annual net profit of INR 865 crore in FY 2022-23. The profit was up 36% over FY 2021-22. Loans sanctioned and disbursed also hit record levels.
SJVN tenders BoS package for 100 MW solar in Gujarat
SJVN Green Energy has invited bids to install and commission a 100 MW (AC) grid-connected solar plant on a turnkey basis in Gujarat. The contractor’s scope also includes three years of comprehensive operation and maintenance of the solar plant.
Cosmic PV Power builds 600 MW solar module factory
The Indian manufacturer expects to start production from its second factory by June this year, bringing its total solar panel manufacturing capacity to 850 MW.
Goldi Solar to showcase HELOC Pro Mono module at RenewX
The Gujarat-based solar manufacturer will showcase the HELOC Pro series of mono PERC PV modules built with made-in-India cells at the upcoming RenewX trade expo in Hyderabad.
SECI recorded over 59% jump in RE power trading volume during FY 2022-23
Solar Energy Corp. of India Ltd (SECI) traded over 35 billion units of renewable power during FY 2022-23. Revenue from power trading surpassed INR 10,000 crore.
Sunsure Energy commissions 21.3 MWp captive solar plant for INOX Air Products
The open-access solar plant in Uttar Pradesh will supply green power to INOX Air Products’ units in the state.
India will require INR 9 trillion capex to meet 2030 green hydrogen target
A new report says India will require INR 5.5-6 trillion to create 115-125 GW of renewable energy capacity and INR 3-3.5 trillion to meet 35-40 GW of electrolyzers requirement in order to reach green hydrogen production capacity of 5 MMT per annum by 2030.
Log9 Materials opens lithium battery cell factory
Bengaluru-based Log9 Materials has launched the production of li-ion battery cells from its factory in Bengaluru. The facility will produce lithium-titanium-oxide (LTO) and lithium ferro-phosphate (LFP) chemistry cells with significantly improved energy densities.
BPCL to build 240 MW of solar, wind farms this fiscal
The state-run oil and gas company will build 240 MW of renewable power generation capacity with an investment of INR 1,600 crore this fiscal. The capacity will purportedly supply power for its refineries.
