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IREDA Witnesses 26.71% Growth In Loan Book In 2023

Indian Renewable Energy Development Agency Limited (IREDA), a green Non-Banking Financial Company (NBFC) in the country, claims to have achieved its highest-ever annual loan sanctions and disbursements in the financial year 2023-24. IREDA has sanctioned loans amounting to Rs. 37,354 crores and disbursed loans worth Rs. 25,089 crores during the fiscal year. This has led […]

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Gensol Subsidiary–Scorpius Trackers Achieves 1 GW+ Contracted Orders

Solar tracker company Scorpius Trackers, a subsidiary of the Gensol Group, announced that it had reached its milestone of 1000 MW + in contracted orders across India, Japan, Saudi Arabia, and Uganda.   The company’s client portfolio includes ReNew, Hero Future, Shapoorji, Tata Power, Engine, Sterling Wilson, Azure Power, Kosol Energy and. Notably, the company achieved […]

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NTPC Invites Vendor Enlistment Bids For 20 MWp Solar Project In UP

National Thermal Corporation of India (NTPC) released a tender for 20 MWp project in Uttar Pradesh (UP) for enlistment of EPC vendors to develop rooftop and ground mounted solar PV in one tender. The company specified the technical criterion for the bidder, to have designed/ engineered, supplied, erected/ supervised erection and commissioned/ supervised commissioning of […]

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Roofsol Energy Receives 10.5 MWp Solar Project From Shree Cement

Mumbai-based EPC company Roofsol Energy Pvt Ltd has been awarded a solar project by Shree Cement Limited of 10.5 MWp capacity. The ground-mounted “Behind the Meter” project is to be implemented in Uttarakhand and Jharkhand. The company mentioned about its project stating, “Shree Cement owns and operates cement grinding units in 9 locations across India […]

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RE Company Sonnedix Signs EPC Pact With Spanish Firm Eiffage Energia Sistemas

Renewable energy producer Sonnedix has signed its first Engineering Procurement Construction (EPC) Framework Agreement with Eiffage, one of Europe’s construction and concession companies, through its Spanish brand, Eiffage Energia Sistemas. Under the Framework Agreement, construction activities for Sonnedix’s pipeline of projects in Spain, Italy, and Portugal will be delivered under standardised general terms and conditions, […]

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Torrent Power Secures 450 MW Wind-Solar Hybrid Project

Torrent Power, a Gujarat power company has announced it has secured 300 MW power from wind-solar hybrid energy projects, with a greenshoe option of up to 150 MW through an auction. Further, the company also stated that it won the auction after quoting Rs 3.65/kWh The tender for 300 MW of power supply, with a […]

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iFOREST Report Sees Potential For More Ambitious Renewable Targets In Assam

iFOREST a research-based organization, in a recent report on enabling renewable energy in Assam recognized the steps taken by the Assam government to increase renewable energy (RE) penetration. It considered the states progress since the announcement of the Assam Renewable Energy Policy 2022 (AREP 2022) in November 2022. iFOREST’s research indicates the need for accelerated […]

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Bihar Seeks Bids For 564 MW Solar Projects Under PM KUSUM

Component C of the PMKUSUM scheme, which seeks grid connected solar pumps as part of the same (Component B is off grid pumps and Component A is ground mounted  solar ), is in the limelight in Bihar. Bihar State Power Generation Company (BSPGCL) has invited bids for 564 MW of projects under the scheme, in […]

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Gensol Appoints Kapil K Nirmal As CEO Of Its Middle-East Solar Business

Solar sector firm, Gensol Engineering Limited has announced the appointment of Kapil K Nirmal as the new CEO of its Middle East Solar EPC business. “With an extensive 18-year background in business development and project implementation across major organisations in the Middle East, including Emirates Electrical Engineering LLC and Al Rostamani Group, Mr. Nirmal is […]

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