SUBSCRIBE NEWS LETTER

renewable energy investment

Promoters To Invest Rs 9,350 Crore Equity In Adani Green

Adani Green Energy Ltd (AGEL) announced that the Board of Directors of the firm have approved a preferential issuance of warrants to the Promoters of AGEL for a quantum of Rs 9,350 crore (equivalent to USD 1,125 million) at a per share price of Rs 1,480.75/share calculated basis SEBI ICDR regulations.  The issuance is subject […]

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France’s CRE PPE2 Tender Allocates 104.4 MW Solar Projects to Neoen

Neoen, a French renewable energy producer, has initiated the construction of four solar projects totaling 104.4 MWp won in PPE2 tender. This move cements Neoen’s position among the top awardees in the recent call for tenders by the French Energy Regulation Commission (CRE), known as PPE2. Among the awarded projects, three incorporate an agrivoltaic approach, […]

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Sabarmati Multi Modal Transit Hub Develops 700 kWp Rooftop Solar Plant Under RESCO Mode

The Sabarmati Multi Modal Transit Hub building in Ahmedabad, Gujarat has installed 700 kWp Solar Power Plant under the (Renewable Energy Service Company) RESCO mode. It claims that this is the first time that Gujarat developed – Roof-Top Solar Plant under RESCO Mode. The Sabarmati hub is a multi-modal transit building which will provide seamless […]

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Maharashtra Leads In Providing Incentive Under The Rooftop Solar Program In 2023

The Union Minister for New & Renewable Energy and Power (MNRE) informed the parliament in a written reply to the renewable energy capacity in the country has increased by about 2.35 times in the last decade.  Among other details, the minister gives a state-wise detail of subsidies provided under various schemes to encourage new and […]

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Saudi’s ACWA Power in PPA with South Africa for Dispatchable RE Project of 150 MW

Saudi-based clean energy firm ACWA Power, has entered into a Power Purchase Agreement (PPA) for a project known as, ‘ACWA Power Project DAO’ to be established in South Africa. The initiative is for a dispatchable renewable hybrid plant of 150 MW capacity. The signatories of the agreements included Gwede Mantashe, Minister of Mineral Resources and […]

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MERC Rejects MEDA’s Plea For 50% Local RE Procurement By Discoms

The Maharashtra Energy Development Agency had filed a petition with the Maharashtra Electricity Regulatory Commission (MERC) asking it to issue appropriate directions to distribution licensees (discoms) to meet 50% of total Renewable Purchase Obligation (RPO) requirement by purchase of energy from Renewable Sources within the State. Maharashtra has achieved installed capacity of 10,799 MW as […]

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Sembcorp Ties up with Japanese Firms for Export of Green Ammonia from India

Singapore-based Sembcorp Industries has joined hands with two Japan-based firms for the production of green ammonia in India. The green ammonia produced will be supplied to Japan. The green hydrogen arm of Sembcorp, called Sembcorp Green Hydrogen Pte, has forged agreements with conglomerate Sojitz Corp and energy major Kyushu Electric Power for the exploration of […]

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Solar Production Costs In China Falls By 42% In 2023: Wood Mackenzie

A latest report states that the cost of producing solar modules in China has dropped by 42% in the last 12 months to US$0.15 per watt (/W). This gave manufacturers in the country cost advantage over international rivals according to the New Horizons report from Wood Mackenzie. The report looks at ‘Five low-carbon tech trends […]

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PM KUSUM: Ambitions Continue to Overpower Ground Work in 2023

The Union Minister for New & Renewable Energy and Power R.K. Singh has informed that 2.73 lakh standalone solar pumps have been installed under PM-KUSUM as on October 31, 2023. Not surprisingly, Component A has barely seen installations, with Component C being disappointing. Component B has fared better relatively. Component A Installations Fail to Impress […]

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