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IREDA Witnesses 26.71% Growth In Loan Book In 2023

Indian Renewable Energy Development Agency Limited (IREDA), a green Non-Banking Financial Company (NBFC) in the country, claims to have achieved its highest-ever annual loan sanctions and disbursements in the financial year 2023-24. IREDA has sanctioned loans amounting to Rs. 37,354 crores and disbursed loans worth Rs. 25,089 crores during the fiscal year. This has led […]

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Gensol Subsidiary–Scorpius Trackers Achieves 1 GW+ Contracted Orders

Solar tracker company Scorpius Trackers, a subsidiary of the Gensol Group, announced that it had reached its milestone of 1000 MW + in contracted orders across India, Japan, Saudi Arabia, and Uganda.   The company’s client portfolio includes ReNew, Hero Future, Shapoorji, Tata Power, Engine, Sterling Wilson, Azure Power, Kosol Energy and. Notably, the company achieved […]

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Design Lead – Electrical (DC)

The person shall be responsible for the complete design and detailed engineering for Solar Power plants like Mini Grid and Mega watt scales plants ,roof top plants . The Design Lead shall manage and review  the entire design documents and drawings for a project  or a set of smaller projects including co-ordination with  other disciplines […]

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Mitsubishi Power Firm Prevalon Energy Secures 328 MWh Idaho BESS

Mitsubishi Power Americas company Prevalon Energy has announced it has contracted with Idaho Power for a complete Battery Energy Storage System (BESS) along with a robust long-term service agreement. The project will provide grid resiliency as a net peak solution, helping the utility continue providing reliable power during peak demand periods. The service agreement includes […]

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Offshore Wind Developer Simply Blue Group Ventures Into Onshore Clean Energy

Offshore wind project developer Simply Blue Group is developing onshore renewable energy parks to power facilities capable of producing sustainable aviation fuel (SAF). The projects, in Canada, Ireland and Australia will process more than 1.5 million tonnes of sustainable biomass annually to produce over 300,000 tonnes of SAF each year. The company currently has a […]

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ACWA Signs 25 Years PPA To Develop Wind, BESS Project In Uzbekistan

Saudi based power company ACWA POWER signed a Power Purchase Agreement (PPA) with National Electric Grid of Uzbekistan. This agreement falls under the Public Private Partnership law in Uzbekistan with the National Electric Grid of Uzbekistan for Nukus 200 MW wind power project along with Battery Energy Storage System (BESS) to be set up in […]

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IOCL, Panasonic Energy Form JV For EV Batteries

Indian Oil Corporation Limited and Panasonic Energy, a Panasonic Group Company, have signed a binding term sheet to draw a framework for the formation of a JV for manufacturing cylindrical lithium-ion cells in India in anticipation of expanding demand for batteries for two and three-wheel vehicles and energy storage systems in the Indian market, the […]

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iFOREST Report Sees Potential For More Ambitious Renewable Targets In Assam

iFOREST a research-based organization, in a recent report on enabling renewable energy in Assam recognized the steps taken by the Assam government to increase renewable energy (RE) penetration. It considered the states progress since the announcement of the Assam Renewable Energy Policy 2022 (AREP 2022) in November 2022. iFOREST’s research indicates the need for accelerated […]

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Austria Development Bank Invests In RE Firm AMPIN Energy

Renewable energy transition company AMPIN Energy Transition has announced an investment from OeEB, the Development Bank of Austria. OeEB will be investing EUR 25 million in long-term financing to support AMPIN Energy Transition in further expanding its renewable energy portfolio and establishing a local 1GW solar cell and module production facility in the state of […]

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