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Electricity Act

GSECL Floats Tender for 60 MW Wind Power Project in Gujarat

Gujarat State Electricity Corporation Limited (GSECL) has floated tender to install power plants in different locations in Gujarat with a cumulative capacity of 60 MW wind power plant.  For all three tenders, the last date for submitting the online bid is November 18, 2022, & the bid will be opened on the same day. This 60 […]

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Germany, Egypt Join Hands for Renewable Hydrogen

Germany and Egypt have joined hands to partner for renewable hydrogen through an MoU. The agreement will also pave the way for bolstering trade in LNG. The partnership will be focused on the execution of projects for producing, processing, employing and transporting green hydrogen along with the promotion of a green hydrogen sector. Egypt and […]

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Sterlite Power Mulls Over Investment of Rs 50,000 Crore in RE in Karnataka

Pratik Agarwal, Managing Director, Sterlite Power, has revealed that his company will invest Rs 50,000 crore in renewable energy in the state of Karnataka. Speaking at the Global Investors’ Meet, Pratik Agarwal held, “Over the next five years, we plan to increase the renewable capacity by 10-fold and invest close to Rs 50,000 crore into […]

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IEX Power Market Update For October- Prices Continue To Drop

The Indian Energy Exchange, India’s premier energy exchange, achieved 7972 MU volume in October 2022, including Green Power trade of 403 MU, and 3.58 lac RECs (equivalent to 358 MU). The total volume on the Exchange in October’22 was lower by 13% on YoY basis due to high volume base of last year, and lower […]

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Bhadrachalam Ramalayam Temple to Employ Solar Panels to Save on Power Bills

The religious institutions and pilgrim sites are increasingly adopting renewable sources of energy not just to put an end to the existing pollution burden but also to limit their expenditure on electricity bills. In the latest addition, the temple authorities of Bhadrachalam Ramalayam temple located in Bhadrachalam of Telangana has roped in Hyderabad-based Sun Technologies […]

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ACWA to Develop Wind Projects of 1.1 GW in Egypt

ACWA Power has said that it has signed an agreement to develop a 1.1GW wind project in Egypt. The official statement mentions that the wind project will come up with an investment value of $1.5 billion. The signing ceremony of the agreement took place at the headquarters of the Egyptian General Authority for Investment and […]

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ADB Signs Mandate with EDC for 2 GW Solar, Battery Storage in Cambodia

The renewable energy penetration looks bullish in the South East Asia. The new evidence comes from the fact that the Asian Development Bank (ADB) has signed a transaction advisory services mandate with Cambodia’s national utility company Électricité du Cambodge (EDC) to support the development of 2 GW of solar power in Cambodia. According to statement […]

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Texas-Based Mission Solar Energy to Expand Solar Cell Production to 1 GW in 2024

Texas-based solar module manufacturer Mission Solar Energy has celebrated its tenth anniversary and simultaneously announced a 1 GW expansion plan. Mission Solar will ramp up production to meet industry demands for 2023 and beyond. Mission Solar said that its products have become coveted by distributors, installers, and homeowners across the US and the recent passage […]

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