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ReNew Power Will Invest $8 Billion In Green Hydrogen in Egypt

Gurugram based ReNew Power has signed a Memorandum of Understanding (MoU) with the Egyptian government for the development of projects in Egypt for the production of green fuels. The General Authority for Suez Canal Economic Zone (SCZONE), the Sovereign Fund of Egypt (TSFE), the Egyptian Electricity Transmission Company (EETC) and the New and Renewable Energy […]

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Govt & Firms Join Hands For 50 GWh Capacity Battery Storage Under PLI Scheme

Reliance New Energy Limited, Ola Electric Mobility Private Limited and Rajesh Exports Limited have signed the Programme Agreement under the PLI scheme  (Production Linked Incentive) for Advanced Chemistry Cell (ACC) battery storage, the Ministry of Heavy Industries has announced. Earlier in the year, Reliance New Energy Solar, Hyundai Global Motors, Ola Electric Mobility, Rajesh Exports […]

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MSEDCL Issues RfS For Purchase Of Power For Solar Power Projects

Maharashtra State Electricity Distribution Company Limited (MSEDCL) has issued an RfS for the purchase of power on long term basis through competitive bidding process for 500 MW inter/intra state grid connected solar photovoltaic power projects. The timeline for the online submission of response to RfS is August 30, 2022 at 15.00 hrs. All documents are […]

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Jiangxi Jinko Announces Proposed Issuance Of Convertible Bonds

Jinko Solar Holding Co. Ltd., among the largest solar module manufacturers globally, has revealed that Jinko Solar Co., Ltd., its principal operating subsidiary, is looking to issue convertible bonds in the principal amount of up to RMB10 billion. To be listed on the Shanghai Stock Exchange’s Sci-Tech Innovation Board, the Convertible Bonds will have a term […]

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First Offshore Wind Farm Order In Japan Goes To Siemens Gamesa

Global RE conglomerate, Siemens Gamesa Renewable Energy has announced that it has received an order for the 112 MW Ishikari offshore wind power project from Green Power Investment. This project is the first firm offshore order in Japan for offshore wind turbines maker. The official statement of Siemens Gamesa said that the order includes 14 […]

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First Solar To Supply 2.4 GW Solar Modules To Intersect Power

US-headquartered First Solar, has announced entering into an agreement to supply 2.4 GW of thin film solar PV modules to Intersect Power. The modules are scheduled to be delivered from 2024 to 2026. According to Intersect Power, the modules will be deployed in its solar, storage, and green hydrogen projects coming online across the USA […]

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PM Launches Various Projects And Schemes In Renewable Sector

Prime Minister Narendra Modi marked his presence in the grand finale marking the culmination of ‘Ujjwal Bharat Ujjwal Bhavishya – Power @2047’ and interacted with the beneficiaries of PM-KUSUM (Pradhan Mantri Kisan Urja Suraksha Evam Utthaan Mahabhiyan), solar power, DDUGJY (Deen Dayal Upadhyaya Gram Jyoti Yojana), IPDS (Integrated Power Development Scheme) and solar panels respectively. […]

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NTPC Q1 Results, Revenues up 43% YoY, Profits up 15%

NTPC Limited, India’s largest power generator and the engine of it’s future renewable growth plans, has reported results for the Q1 of FY 23. The consolidated results have come out with a strong topline growth in revenues, even as profit growth was somewhat muted, due to the impact of higher input costs, especially coal.  At […]

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