SUBSCRIBE NEWS LETTER

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CI NMF Commits $100 M to RE Investments with Amp Energy India

RE-focussed fund management company Copenhagen Infrastructure Partners (CIP) has signed an investment agreement through its Copenhagen Infrastructure New Markets Fund I (CI NMF) with Amp Energy India Private Limited. The agreement enables joint equity investments in excess of USD 200 million in renewable energy projects in India, with the potential for future expansion. Amp India […]

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$150 Billion Green Deals in India by 2030

International investors expect $150 billion green deals in the Indian Renewables Energy sector by 2030. The money would be a function of both capacity additions in the market as well as trading between players. India’s renewables growth has been in the eyes of international investors and bankers and they are seeking green deals in the […]

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BSES Discoms 510 MW Hybrid Purchase Signals Demand Recovery For Renewables

The decision by the Delhi BSES discoms, BRPL and BYPL, to enter an agreement with SECI to purchase 510 MW of solar plus wind power signals a welcome return to demand recovery for renewable projects awaiting PPA’s. This is on the back of two key events, one that has happened, and another, that might be […]

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Indian Oil Corporation to Build Country’s First Green hydrogen Plant

India’s largest oil firm, Indian Oil Corporation Limited (IOC) has announced plansto build the first-ever commercial green hydrogen plant at its Mathura refinery in Uttar Pradesh.  IOC has taken this step intending to maintain focus on its core refining and fuel marketing businesses while making bigger inroads into petrochemicals, hydrogen and electric mobility over the […]

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Torrent Power Back on Track For Discom License In D & N Haveli, Daman & Diu

Torrent Power NSE has revealed that the Supreme Court has stayed a Bombay High Court order that imposed suspension on the tender process for the power distribution business in Dadra & Nagar Haveli and Daman & Diu. The company was found to be the highest bidder in the tender for a 51% equity stake in the […]

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Oriano Bounces Back in Business With 350 MWp of New Solar Projects

Mumbai-based Oriano Solar has started constructing 350+ MWp of utility-scale solar projects across various states in the country. With this project, the construction engineering company has more than Rs 300 crore-contracts in hand. In development business, Oriano said it recently won 70 MW of allocation in the state of Uttar Pradesh for C&I customers and closed […]

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Kerala’s 1kW Rooftop Solar Systems to be Available at Rs 53,651

The lowest bid received by the Kerala State Electricity Board (KSEB) for residential rooftop solar systems of up to 1 kW has been discovered to be ₹53,651/kW. In February this year, KSEB floated a tender to empanel contractors for providing EPC (engineering, procurement, and construction (EPC) services for 200 MW of grid-connected residential rooftop solar […]

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IndiGrid InvIT Completes Rs 660 crore Acquisition Of Fotowatio’s India Solar Assets

IndiGrid, the Infrastructure investment trust (InvIT) has announced  the formal acquisition of the entire stake in two solar energy assets with cumulative capacity of 100 MW from Spanish developer Fotowatio Renewable Ventures (FRV) at an enterprise value of Rs 660 crore. The firm had actually made a regulatory filing on these back in December 2020. […]

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Avaada Has A Bangkok Connect, As Thailand’s GPSP Buys 41.6% Stake for Rs 3400 crores

Leading Thailand based power utility-Global Power Synergy Public Company (GPSC) has acquired a 41.6% stake in renewable energy major Avaada Energy Private for Thai Baht 14.82 billion (Rs 33.88 billion). That makes it among the largest renewable energy deals in India, which continues to consolidate as well as attract global capital. Deal Announcement GPSP firm […]

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