Gujarat allocates 500 MW solar at $0.032/kWh
Avaada, BluPine Energy, Hinduja Renewable Energy, KPI Green and NRC Industries have emerged winners in Gujarat Urja Vikas Nigam Ltd’s tender for 500 MW of grid-connected solar with greenshoe option of additional 500 MW.
GUVNL allocates 500 MW hybrid wind-solar at $0.040/kWh
The winning developers will set up grid-connected hybrid wind-solar power projects on a build-own-operate basis. The projects may be setup anywhere in India.
Gensol Engineering profit 129% up in FY 2024
Gensol Engineering recorded consolidated revenue of INR 996 crore and net profit of INR 53 crore for fiscal 2023-24.
IndiGrid Q4 FY 2024 revenue grows 31% year-on-year
IndiGrid’s consolidated revenue for the quarter ended March 31, 2024 was up 31% to INR 7,856 million.
JSW Energy FY 2024 profit up 17% to INR 1,723 crore
JSW Energy posted a revenue of INR 11,941 crore and net profit of INR 1,723 crore for the fiscal year ended March 31, 2024.
India tendered ‘record’ 70 GW of renewables in FY 2024
India invited bids to set up 69.8 GW of renewable energy capacity, far surpassing the annual bidding target of 50 GW. The bidding activity surged due to large-scale potential for market growth, central government support in terms of targets and regulatory frameworks, and higher operating margins.
BluPine Energy reaches financial close on 120 MW solar project in Gujarat
BluPine Energy has secured debt financing from HDFC Bank to develop a 120 MW solar project in Gujarat.
GUVNL tenders for 250 MW/500 MWh standalone battery storage, 1 GW of solar projects
Gujarat Urja Vikas Nigam Ltd (GUVNL) has invited bids to set up 250 MW/500 MWh of standalone battery energy storage systems connected with the State grid. It has also tendered for the development of up to 1 GW of solar power projects.
SJVN gets Letter of Intent from GUVNL for 500 MW solar project
SJVN Green Energy Ltd (SGEL) has received the Letter of Intent (LoI) to develop a 500 MW solar project, on a build-own-operate basis, at GIPCL Solar Park in the Khavda region of Gujarat.
GUVNL allocates 250 MW/500 MWh standalone battery storage at INR 4.49 lakh/MW/month
The winning developers will install battery energy storage systems in Gujarat with the primary objective of making the energy storage facility available to Gujarat Urja Vikas Nigam Ltd for charging/discharging of the BESS on an ‘on demand’ basis.
