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BluPine Energy Private Limited, a renewable energy platform backed by Actis, today announced the successful financial closure of ₹376 crore in debt funding for its 100 MW solar power project in Tharad, Banaskantha district, Gujarat. The project, being developed under BluPine’s wholly owned subsidiary Solarcraft Power India 5 Pvt. Ltd., is part of the GUVNL […]
In what would be one of the largest renewable energy contracts going ahead, Coal India Limited (CIL), plans to supply 4500 MW of carbon-free energy, in phased manner, to upcoming green ammonia facilities of AM Green. It would be through a combination of solar and wind whose capacities CIL aims to set up on pan […]
ArcelorMittal’s 1GW solar and wind project located in Andhra Pradesh, southern India, has recently started providing clean electricity to AM/NS India which is ArcelorMittal’s 60/40 Indian steelmaking joint venture with Nippon Steel. The $0.7 billion project was developed, constructed, and commissioned by AM Green Energy, an ArcelorMittal subsidiary. The India renewables project has been developed […]
India’s renewable energy sector accounted for nearly 8 percent of total foreign direct investment (FDI) inflows in the financial year 2024-25, up from about 1 percent in FY21. The trend was revealed in the latest Market Handbook released by the Council on Energy, Environment and Water’s Green Finance Centre (CEEW-GFC). The sector attracted USD 3.4 […]
South America’s offshore wind sector, led by Brazil and Colombia, is grappling with regulatory bottlenecks and infrastructure gaps that threaten to delay one of the promising green energy pipelines, according to a new report by the Energy Industries Council (EIC), a trade association for the energy supply chain and provider of data, market insights, and […]
Bharat Petroleum Corporation Limited (BPCL), has awarded contracts for developing 100 MW Windfarm Projects—50 MW each in the states of Madhya Pradesh and Maharashtra. BPCL issued the Letter of Award (LOA) to Suzlon Energy Limited for the 50 MW wind project in Madhya Pradesh and to Integrum Energy Infrastructure Limited for the 50 MW project […]
The Andhra Pradesh Electricity Regulatory Commission (APERC) has issued an order regarding the approval of four amended power purchase agreements (PPAs) between the Southern Power Distribution Company of Andhra Pradesh Limited (APSPDCL) and Axis Renewable Energy Park entities for procuring a total of 400 MW from wind-solar hybrid projects. The agreements were executed under the […]
India’s aim to achieve 500 GW of non-fossil fuel-based clean energy capacity target by 2030 may be one of the most ambitious goals for the decade across the globe. Yet, the probability of this happening may be bleak considering the factors adversely affecting the new capacity additions – comparatively sluggish progress, regulatory challenges, uncertainty in […]
India’s wind energy sector has pledged to install 100 gigawatts (GW) of wind power capacity by 2030, reaffirming support for the government’s clean energy and manufacturing goals under the ‘Make in India’ initiative, the Indian Wind Turbine Manufacturers Association (IWTMA) said Sunday. Following a recent meeting with the Ministry of New and Renewable Energy (MNRE), […]
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