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renewable energy investment

MNRE Updates Wind Manufacturer’s RLMM List, 15 Players Make The Cut

The Ministry of New and Renewable Energy (MNRE) has released its revised list of Wind Turbine Models and Manufacturers approved for use within India. The fresh Revised list of Models and Manufacturers (RLMM) comprises exclusively onshore wind turbine models, with some interesting takeaways from the list. The list comprises 15 approved firms in all, a […]

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NTPC RE Arm to Get Strategic Investor Ahead of Oct’22 Listing

State-run power giant NTPC plans to rope in a strategic investor for its clean energy arm NTPC Renewable Energy Ltd (NREL) ahead of its listing on bourses in October 2022, according to a senior official, media reports have said. The listing of NREL is part of the state-run power giant’s overall Rs 15,000-crore divestment plan […]

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Sterlite Power Acquires Nangalbibra-Bongaigaon ISTS Project from PFC

New Delhi-based Sterlite Power Transmission Limited has announced the acquisition of Nangalbibra ─ Bongaigaon Transmission Limited, a Special Purpose Vehicle (SPV), from PFC Consulting Limited. Through this SPV, the company will execute the inter-state transmission system (ISTS) project that it won through tariff-based competitive bidding in October 2021. The project involves setting up of ~300 […]

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ITC Commissions First Offsite Solar Plant in Tamil Nadu

Kolkata-based conglomerate ITC Limited has commissioned its first offsite solar plant in Dindigul, Tamil Nadu. The 14.9 MW solar plant, built at an investment of Rs 76 crores, will help reduce CO2 emissions over the course of its lifetime, said the Rs 45,485 crore revenue (FY21) company. The plant has already helped ITC meet 90% […]

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ARENA Grants $100 M to Support Grid Scale Batteries

On behalf of the Australian Government, the Australian Renewable Energy Agency (ARENA) has announced a $100 million competitive funding round for grid scale batteries equipped with advanced inverters to support the grid. ARENA’s Large Scale Battery Storage Funding Round will provide up to $100 million in funding to new battery energy storage projects of 70 […]

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BPCL Signs Pact with SECI to Install 10GW RE Capacity by 2040

Fuel retailer Bharat Petroleum Corporation (BPCL) announced it has signed a Memorandum of Understanding (MoU) with Solar Energy Corporation of India (SECI) to set up 10 Gigawatt (GW) of renewable energy capacity by 2040. The move is also significant in that BPCL has been marked out for disinvestment or complete privatisation by the government, in […]

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REC, German Dev Bank to Finance India’s Power Sector and RE Projects

REC Limited has entered into an agreement with KfW Development Bank for availing the Official development assistance (ODA) loan of USD 169.5 million under the Indo-German Bilateral Partnership in accordance with the approval granted by the Department of Economic Affairs, the Ministry of Finance, the Government of India, an official release said. The proceeds from […]

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African Nation Namibia to Tender 50-130MW CSP Project Next Year

Namibia Power Corporation Ltd (NamPower), the national electric power utility company of the African country Namibia, is planning to issue a tender for a 50MW-130MW concentrated solar power (CSP) with storage project in 2022. The project is expected to require investment of US$600mn-US$1bn, with a target commissioning date set for 2025. The plans were revealed by […]

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US BLM Offers 90000 Acres For Solar Development

Solar energy is getting a boost in the US. The country’s Bureau of Land Management (BLM) has launched its largest solicitation for solar development to date, seeking interest for utility scale solar energy development on nearly 90,000 acres of public land across Colorado, Nevada and New Mexico. Additionally, the US Department of the Interior has […]

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