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renewable energy investment

Tata Power Solar Systems Bags 300 MW Solar Project for NLCIL for Rs 1,755 crore

Tata Power’s wholly-owned subsidiary, Tata Power Solar Systems Limited, has received the Letter of Award (LoA) of ₹1,755 crore. This is towards the establishment of a 300 MW Domestic Content Requirement (DCR) based EPC project for NLC India Limited (NLCIL), formerly known as Neyveli Lignite Corporation Limited, as part of the CPSU scheme.   Tata Power […]

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“Market coupling can help to create a more integrated and efficient Indian electricity market” Prabhajit Sarkar, PXIL

Power Exchange India Limited (PXIL), launched in 2008, is India’s first institutionally promoted Power Exchange promoted by NSE (National Stock Exchange of India Ltd.) & NCDEX (National Commodity and Derivatives Exchange). As the Managing Director & CEO of PXIL since May 2018, Prabhajit Kumar Sarkar has turned around PXIL into a profitable and fast-growing organisation. […]

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Renalfa Acquires 73 MW Bulgarian Wind Facility From Alpiq

Austrian renewable energy company Renalfa IPP has agreed to acquire the Vetrocom wind farm situated in Bulgaria from Switzerland based Alpiq. With a capacity of 72.5 MW, the wind farm, which is wholly owned by Alpiq, generates yearly an average of 135 GWh of climate-friendly electricity. Renalfa is a joint venture between the French investment […]

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ReNew Repays Over $1 Billion to Offshore Bondholders in FY 2023

Gurugram-based clean energy firm ReNew Energy Global Plc has revealed that it has repaid more than $1 billion to its offshore bondholders in FY 2023. The repaid amount entails the most recent amortisation of $180 million in March 2023. “In today’s fast-paced global business environment, firms must be very strategic in financing for the growth […]

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Solar PLI Tranche 2 Allocations Released, 48 GW Of Domestic Manufacturing Capacity By 2025-26

The government of India has allocated 39600 MW of domestic Solar PV module manufacturing capacity under PLI (Tranche-II), or the Solar PLI scheme to incentivise domestic manufacturing. The PLI or Performance Linked Incentive scheme offers financial incentives to manufacturers for meeting specific milestones in sales, linked indirectly to capacity creation. The PLI (Tranche-II) is expected […]

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Irish Firm Aer Soléir to Develop 130 MW Hybrid Project in Spain

Ireland-based Aer Soléir and Spanish developer Tartessos Power Development have announced the signing of a development services agreement covering the co-development of a hybrid project of more than 130 MW in the Andalucía region of Spain. Aer Soléir is focused on multi-technology renewable energy development, construction and operation with a particular emphasis on utility-scale onshore […]

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Wärtsilä, Eolian Complete 200 MW Standalone ESS in Texas

Finnish engineering company firm has announced that it has reached commercial operation date (COD) for two major interconnected energy storage systems in South Texas totaling 200 MW and owned by Eolian, a portfolio company of Global Infrastructure Partners. The two ESS projects are called Madero and Ignacio plants that will be operated using Eolian software, […]

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ISA & UNDP Launch Pilot Solar Projects in 10 African Member Nations

The International Solar Alliance (ISA) and UNDP announced the launch of ISA’s first programme, Scaling Solar Applications for Agriculture Use (SSAAU), in ten African ISA Member Countries: Benin, Democratic Republic of Congo, Mali, Niger, Republic of Sudan, Senegal, South Sudan, Togo, Tuvalu, and Uganda. The programme is slated to be implemented over the next two […]

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Germany’s RWE Operationalises 342 MW Kaskasi Offshore Wind Farm

Global renewable energy company RWE has announced that it has commenced the Kaskasi wind farm located 35 kilometres north of Heligoland Island, Germany. The official statement held that it was done in the presence of Robert Habeck, German Federal Minister for Economic Affairs and Climate Action. With an installed capacity of 342 MW, the Kaskasi […]

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