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solar project

Avaada Energy Gets Rs 1,190 Crore SBI Loan For Gujarat Solar Project

Mumbai-based green energy company Avaada Energy has announced that it secured a Rs 1,190 crore loan for a new solar project in Gujarat from the State Bank of India (SBI). The project is located in Surendra Nagar district of Gujarat. According to a statement by the company, the loan has been sanctioned for a 20-year […]

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IOCL To Form New Subsidiary To Implement 1GW Wind, Solar Project

Indian Oil Corporation Limited (IOCL) has announced its plans to implement 1 GW of renewable energy projects across the country. In its latest board meeting, the oil corporation laid out a map to initiate projects involving standalone ground mounted Solar or standalone onshore Wind or Wind-Solar Hybrid projects. IOCL has plans to establish a Wholly […]

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FY24: REC Ltd Reports 125% Jump In Sanctions For Solar Projects

REC Limited, a Maharatna Central Public Sector Enterprise (CPSE) today presented its audited standalone and consolidated financial results for the quarter ended March 31, 2024 and FY24. REC Limited comes under the Ministry of Power. As per the details shared by REC Limited, it recorded its highest-ever annual profit. The media release from the company […]

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KPI Green Energy Receives New Order For 74.30 MW Solar Project

Gujarat-based renewable energy company KPI Green Energy recently received a new order for a 74.30 MW solar power project under the captive power producer (CPP) segment. Within this allocation KPI Green has undertaken 27 MW capacity. It included a 20 MW capacity for the development of a solar power project forming part of the wind-solar hybrid […]

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NTPC-REL Releases Tender For 260 MW Solar Project At Bikaner

NTPC Renewable Energy Limited (NTPC REL), a subsidiary of NTPC released a tender, inviting online bids from eligible bidders for the development of a 260 MW grid-connected solar PV project at Bikaner, Rajasthan. NTPC REL invited bids for design, engineering, manufacturing, supply, packing and forwarding, transportation, unloading storage, installation, testing and commissioning of the solar […]

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BluPine Energy Secures Financial Closure for 120 MW Solar Project

BluPine Energy, a leading renewable energy services company established in India by global infrastructure investor Actis has announced the successful financial closure for its 120 MW Solar Project in Sadla, Gujarat under GUVNL 18. BluPine Energy has secured the debt financing for its project from HDFC Bank, India’s largest private sector bank. The total debt […]

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SJVN Suffers Setback At 15 MW Nangal Pond Floating Solar Project

The 15 MW Nangal pond project in Himachal Pradesh, being developed by SJVN, and considered the largest floating solar project under construction in North India, has suffered a setback. Reports confirm that the installation work at the plant has suffered due to damage caused to modules already installed by weather related phenomenon. The project, taken […]

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SaurEnergy Explains- AC & DC Capacity of Solar Projects

As Solar PV penetration hits new highs each year, the numbers are just adding up. 2023 saw at least 29 countries installing more than 1 GW, up from 25 countries in 2022. Nineteen countries (not including the EU) now have more than 10 GW of total cumulative capacity and five have more than 40 GW. […]

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