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renewable energy investment

Amending Bidding Rules To Expedite RE Capacity Additions: RK Singh

Union Minister for New and Renewable Energy RK Singh said that the MNRE ministry amended the rules relating to bidding for renewable projects. He also said that some other provisions of the bidding documents are being overhauled to give an impetus to adding more renewables to India’s energy mix. His statement came to the fore […]

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As MoUs Worth Lakhs OF Crores Are Announced By PFC, REC, Hopes Rise

The Central government’s power project financing arms, PFC and its subsidiary REC, have made a slew of green funding announcements recently. In total, the NBFCs Power Finance Corporation Ltd (PFC) and REC Ltd have signed agreements worth ₹5 lakh to fund projects of major green energy firms. While the PFC signed pacts worth ₹2.37 lakh […]

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SAEL, Renew Power, Jakson, Avaada Among Winners of Big 2000 MW SECI Tender

The Solar Energy Corporation of India (SECI) has announced the results for its tranche XI bidding for the big tender for 2000 MW interstate transmission system (ISTS)-connected solar projects in the country. Jakson, Eden Renewables, SAEL, Shiva Corporation, ReNew Power and Avaada Energy have been declared winners through competitive bidding. While SAEL and ReNew Power […]

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ACME Group Achieves Financial Closure of INR 4,000 Cr Debt for Green Hydrogen & Ammonia

Diversified renewable energy company ACME Group announced securing INR 4,000 crore loan from one of the India’s largest green infrastructure financial institutions Rural Electrification (REC) Limited for its green hydrogen and green ammonia project in Oman. The loan will be utilized to commence the first phase of the pioneering green hydrogen and green ammonia project, […]

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Govt Commissioned 11 Out of 50 Sanctioned Solar Parks in India: Govt

The Ministry of New and Renewable Energy (MNRE) claimed it had commissioned 11 out of India’s 50 sanctioned solar parks. These solar parks were constructed under the Ministry’s scheme named ‘development of solar parks and ultra mega solar power projects.’  Union MNRE Minister RK Singh, in his written reply to a question before the Lok […]

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Four G20 Countries Have Higher GHC Emissions: Report 

The NITI Aayog recently released a report on decarbonizing transport among the G20 countries. The report attributed the rise of transportation emissions to the surge in motorization across these countries.  The report also claimed that four G20 countries have the higher GreenHouse Gases (GHG) emissions per KwH. Describing growth in grid emission among the G20 […]

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O2 Power Steps up Supply to Dr. Reddy’s Laboratories with 17.82 MW Solar, 27 MW Wind

Renewable energy platform, O2 Power has stepped up its renewable energy agreement with Dr. Reddy’s Laboratories, a leading multinational pharmaceutical firm. The initial agreement paved the way for the supply of 15 MW of renewable power from O2 Power’s plants in Telangana. This has now been augmented to an additional 17.82 MW of solar capacity […]

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Avaada Group in MoU with REC for INR 20,000 Funding  

On the sidelines of the fourth meeting of the G20 Energy Transition Working Group (ETWG), Avaada Group, has announced a partnership with the Rural Electrification Corporation (REC), concretized through a Memorandum of Understanding (MoU). This agreement ushers in support for Avaada’s energy transition ventures, with the total investment reaching INR 20,000 crores over the next five […]

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