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Electricity Demand Growth Grew Fastest In India, China: IEA Report

A latest report from the International Energy Agency (IEA) said that electricity demand in 2023 plummeted in the United States and European countries. It, however, said that the power demand in India, China, and some South Asian countries grew rapidly. The global energy think tank attributed several reasons for the same. The report said that while China, […]

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REC Ltd, NIIFL collaborate on funding solutions for renewable energy, other infra projects

REC Limited has signed a Memorandum of Understanding (MoU) with the National Investment and Infrastructure Fund Limited (NIIFL) to collaborate on a suite of funding solutions for “Renewable Energy Projects” as well as large-scale infrastructure projects in India. REC Ltd is a Maharatna CPSE and also a leading NBFC that comes under the ambit of […]

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SJVN Secures 100MW Solar Project In e-Reverse Auction In Gujarat

SJVN Ltd has announced that it has successfully secured a 100 MW solar project in Gujarat through an e-reverse auction conducted by Gujarat Urja Vikas Nigam Ltd (GUVNL). SJVNL said that its bid was secured at a rate of Rs 2.54 per unit, following a competitive bidding process as part of GUVNL Phase XXI. The […]

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Juniper Green and KPI Green Secure GUVNL’s Wind-Solar Hybrid Project

Renewable Energy companies Juniper Green Energy Private Limited and KPI Green Energy Private Limited have been awarded the project for establishing 200 MW capacity, part of a 500 MW grid-connected wind-solar hybrid power project in Gujarat. The allocation was done by Gujarat Urja Vikas Nigam Limited (GUVNL). Another 500 MW allocation of the project will […]

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Hero Future Energies Inks Pact With PIXON Green For Solar Module Supply

Hero Future Energies has announced the signing of an agreement with PIXON Green Energy, a domestic module manufacturer, for the supply of solar PV modules. Under the agreement, PIXON Green Energy will provide Hero Future Energies with high-efficiency modules for up to 500 MW annually on a prioritized basis for two years from their automated […]

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European Energy Signs PPA With Australian firm Rio Tinto For 1.3 GWp Solar Farm

A Power Purchase Agreement (PPA) has been signed between the renewable energy company European Energy and Australia-based mining company Rio Tinto. The agreement aims to supply all the energy from the upcoming solar farm Upper Calliope Solar Farm to Rio Tinto. The agreement between European Energy and Rio Tinto is touted as the biggest solar […]

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Uttarakhand Chief Minister Wants All State-Buildings To Be Powered By Solar Panels

Uttarakhand Chief Minister Pushkar Singh Dhami wants all the government offices to have solar power panels installations in days to come. The Uttarakhand Chief Minister, to raise the solar installations in the state, directed the officers to make solar panels mandatory in all government offices. He said that the quest for solar power in government […]

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Odisha Issues Bid To Convert Diesel/Petrol Boats To Solar Boats At Chilika

Odisha Renewable Energy Development Agency (OREDA), the state nodal renewable agency of Odisha issued a tender to further boost solar boats at Chilika Lake in the state. The latest tender sought solar developers to take care of the design, engineering and retrofitting of the existing diesel and petrol-powered 28 tourist boats and 100 fishing boats. […]

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Rystad Energy Forecasts Solar, Wind Markets To Add More Than 900 Tw-Hr In 2024

Rystad Energy, a research company recently shared some key aspects that can shape the energy sector in 2024.  Renewable energy capacity expanded rapidly, keeping up with global power demand growth for the first time. It forecasted in 2023, “Solar PV needed to grow by 220 gigawatts (GW) in 2023 to track the 1.6 DG scenario […]

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