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Megha Engg. Bags 2000 MW Pumped Storage Project

Hyderabad based infrastructure firm Megha Engineering and Infrastructure (MEIL) has been awarded the 2,000-megawatt Sharavathi pumped storage power project in Karnataka. The project, which is set to be the largest pump storage power generation unit in the country, is estimated to cost over Rs 8,000 crore and play a key role in Karnataka’s energy future. […]

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KPI Green Energy Receives New Order For 74.30 MW Solar Project

Gujarat-based renewable energy company KPI Green Energy recently received a new order for a 74.30 MW solar power project under the captive power producer (CPP) segment. Within this allocation KPI Green has undertaken 27 MW capacity. It included a 20 MW capacity for the development of a solar power project forming part of the wind-solar hybrid […]

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BluPine Energy Secures Financial Closure for 120 MW Solar Project

BluPine Energy, a leading renewable energy services company established in India by global infrastructure investor Actis has announced the successful financial closure for its 120 MW Solar Project in Sadla, Gujarat under GUVNL 18. BluPine Energy has secured the debt financing for its project from HDFC Bank, India’s largest private sector bank. The total debt […]

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Renewable Power Capital Inks Deal With P&G For 140 MW Sweden Wind Farm

Renewable Power Capital (RPC) and Procter & Gamble have signed a 10-year Power Purchase Agreement (PPA) for more than 90% of the electricity generated by the 140MW Sörlidberget onshore wind farm in Sweden, corresponding to an expected 400 GWh per annum of green electricity. According to Renewable Power Capital, Sörlidberget forms part of RPC’s 553MW […]

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MatchLog Solutions Raises $1.5 Million For Sustainability

Sustainable container logistics and supply chain optimisation MatchLog Solutions has announced the close of $1.5 million in pre-series A funding. The round was led by Motion Ventures and July Ventures, with participation from Venture Catalysts, Blue Ashva Capital, and Capital A. This funding will enable the company to shift to a full platform model, emphasizsing […]

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CERC Allows Fortum Subsidiary To Retain Connectivity For 300 MW Karnataka Project

In an interesting order earlier this week, the Central Electricity Regulatory Commission allowed SolarOne Energy Private Limited, a subsidiary of Finnish major Fortum, to retain 300 MW connectivity it had been allotted from the Central Transmission Utility of India Limited (CTUIL). The issue arose after CTUIL moved to cancel connectivity citing failure to sign PPA […]

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The Impact of Renewable Energy on Economic Growth and Job Creation

At first glance, the subject of renewable energy seems like a truly controversial matter, eliciting conversations and debates between advocates of climate change action and those seeking to protect their economic advantage. In a broader sense, however, there appears to be a nexus between renewable energy and economic growth. For instance, India spent $11.8 billion […]

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News In Brief April 24- Vsun Wafer Plant, First Solar, Soltec, Nextracker

X-Elio Goes With Soltec Trackers For 367MW Utility-Scale Project Spanish solar tracker company Soltec has announced a supply deal with fellow Spanish solar developer X-Elio for its single-row, dual-axis SFOne trackers to an X-Elio solar PV project in the Spanish region of Murcia. The deal will see Soltec ship 5,948 trackers to the site. VSUN’s […]

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