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Power Purchase Agreement

Exus to Develop 85 MW Wind-Solar Hybrid Project in Portugal

Exus Management Partners has announced that it will develop an 85 MW wind and solar hybrid project in northern Portugal. The renewables-focused independent investment and asset management firm has been chosen by an undisclosed third party to provide the complete end-to-end delivery of the country’s first third-party wind and solar hybrid project. Since no developers […]

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Coal India Signs its First Solar PPA, 100 MW Deal With GUVNL

Coal India Limited has signed its very first PPA for the sale of 100 MW of solar power to Gujarat Urja Vikas Nigam Ltd (GUVNL). Coal India Limited (CIL) has announced that it has signed its very first Power Purchase Agreement (PPA) for the sale of 100 MW of solar power to the Gujarat Urja […]

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Wipro to Reach Net-Zero Greenhouse Gas Emissions by 2040

Wipro Limited, a leading global information technology, consulting and business process services company, today announced its commitment to achieving Net-Zero Greenhouse Gas (GHG) emissions by 2040 in line with the objective of the Paris Agreement to cap temperature rise to 1.5°C. Wipro, while unveiling its pledge on Earth Day, also set an intermediate target of […]

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Facebook Ties up With CleanMax for 1st Renewable Energy Project in India

Facebook has partnered with Mumbai-based clean energy firm CleanMax for a 32 MW wind power project to be built in southern Karnataka. Around 50% of the project’s energy generation capacity has already been commissioned and is producing electricity. While CleanMax will handle the ownership and operation of the project, Facebook will purchase electricity off the […]

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SECI Issues RfS for 1.2 GW of ISTS Wind-Solar Hybrid Projects

SECI has issued a tender for setting up ISTS-connected wind-solar hybrid power projects in India, for an aggregate capacity of 1.2 GW. The Solar Energy Corporation of India (SECI) has issued a tender, inviting proposals from eligible bidders for setting up ISTS-connected wind-solar hybrid power projects in India (Tranche-IV), on a Build Own Operate (BOO) […]

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GIP’s Indian Arm Vector Green Gets CRISIL AAA Rating for Solar Portfolio

Vector Green Energy, the Indian renewables platform wholly owned by fund manager Global Infrastructure Partners (“GIP”) in India, has been awarded the highest rating of ‘AAA/stable’  by credit rating agency CRISIL for a group of its solar power generating plants (Restricted group). A AAA rating implies the highest safety and lowest credit risk for any […]

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Europe Invested €43 Bn in 2020 to Cover 20 GW of new Wind Farms

Europe invested EUR 43 billion in new wind farms in 2020, the second-highest annual amount on record, to fund 20 GW of new projects. Europe invested EUR 43 billion in new wind farms in 2020, the second-highest annual amount on record. The investments cover 20 GW of new capacity that will be built in the […]

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Jack Daniel’s Partners with Silicon Ranch to Procure 20 MW of Solar Energy

Jack Daniel’s partners with the Tennessee Valley Authority, Duck River Electric Membership Corporation, and Nashville-based solar power producer Silicon Ranch to provide the iconic Tennessee whiskey maker’s Lynchburg distillery with 20 megawatts of solar energy. TVA signed a long-term power purchase agreement with Silicon Ranch to build, own, and operate the solar facility just a few miles from the world-famous distillery […]

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L&T Begins Construction at 300 MW Jeddah Solar Plant in Saudi Arabia

L&T has secured the go-ahead to begin construction of the 300 MW Jeddah Solar PV Power Plant in Saudi Arabia. Larsen & Toubro (L&T) has announced that the renewable arm of its power transmission and distribution business has secured the go-ahead to begin construction of the 300 MW Jeddah Solar PV Power Plant in Saudi […]

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