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SECI announces winners for 1.5 GW electrolyser manufacturing auction

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The Solar Energy Corporation of India Limited (SECI) has announced the winners for tranche 2 (Envelope-2 opening) of its electrolyser manufacturing auction, totaling 1,500 MW in capacity. These projects will be developed under the Strategic Interventions for Green Hydrogen Transition (SIGHT) scheme, with awards divided across three different buckets. Bucket 1, the largest category, allocated 1,100 MW of electrolyser manufacturing capacity based on any stack technology. Waaree Energies secured the largest share with 300 MW,…

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Vedanta plans Rs 1,000 billion investment in Rajasthan

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Mining and metals conglomerate Vedanta plans to invest nearly Rs 1,000 billion in Rajasthan, with a significant portion earmarked for renewable power projects.  Vedanta’s major businesses, including Hindustan Zinc and Cairn India, are based in Rajasthan. The company has already invested over Rs 1,000 billion in the state in recent years to create opportunities, strengthen industries, and empower communities. Looking ahead, Vedanta aims to invest an additional Rs 1,000 billion, with a focus on large-scale…

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NTPC invites bids for 1,200 MW wind-solar hybrid project

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NTPC has issued a tender for the supply of 1.2 GW of power from inter-state transmission system (ISTS) connected wind-solar hybrid projects in India, with a greenshoe option for an additional 600 MW capacity. The project will be executed on a build, own, operate basis. Interested bidders must submit their bids by October 8, 2024, and a reverse auction will determine the final supplier. According to the tender guidelines, all bidders must pay Rs 22,500…

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RESCO receives board approval to raise Rs 3.5 million in equity capital

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Resco Global Wind Services Private Limited (RESCO), a wholly-owned subsidiary of Inox Wind Limited, has received board approval to raise up to Rs 3.5 million in equity capital. The funds will be raised by issuing equity shares on a preferential basis through private placement to non-promoter investors. This move is subject to shareholder approval and adherence to applicable laws and regulations.

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GameChange to supply solar trackers to SWERL for Khavda solar park

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GameChange Solar has signed an agreement with Sterling and Wilson Renewable Energy Limited (SWERL) to supply its Genius TrackerTM solar trackers for a 750 MWp solar photovoltaic plant at the Khavda solar park in Gujarat. This project marks one of GameChange Solar’s largest tracker installations outside the US. Earlier in April 2024, GameChange Solar secured a deal to supply its Genius Tracker solar trackers for four solar projects in Southern Africa, totalling over 500 MW….

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Genus Power establishes subsidiary for advanced metering infrastructure project

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Genus Power Infrastructure Limited has established a wholly-owned subsidiary named Genus Dhundar Smart Metering SPV Private Limited. This new entity, with an authorized and subscribed capital of Rs 0.1 million, has been created to execute an advanced metering infrastructure service provider (AMISP) contract. The subsidiary will operate within the power infrastructure and distribution sector, focusing on advanced metering solutions.

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NLC India gets nod for JVs with RVUNL for RE sectors

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NLC India’s (NLCIL) Board of Directors has approved two significant joint ventures to expand its footprint in both thermal and renewable energy sectors. The first joint venture will be with Rajasthan Rajya Vidyut Utpadan Nigam (RVUNL) to establish a lignite-based thermal power station in Rajasthan. This venture will also include the development of associated lignite mines to ensure a steady fuel supply for the power plant. In addition, NLCIL has received preliminary approval to create…

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Adani Energy and Sterlite secure ISTS projects from RECPDCL

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REC Power Development & Consultancy Ltd (RECPDCL), the bid process coordinator, has transferred two interstate transmission system (ISTS) project special purpose vehicles (SPVs) to Adani Energy Solutions Ltd (AESL) and Sterlite Power, under the tariff-based competitive bidding (TBCB) mechanism. The first project SPV, Khavda IV A Power Transmission Ltd, has been awarded to Adani Energy Solutions Ltd. This project is part of the transmission system for Khavda Phase IV (7 GW) – Part A, located…

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Epic Energy inks agreement to set up 35 MWp solar park in Maharashtra

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Epic Energy, a key player in the solar EPC market, has signed an agreement with Niva Ecotech to establish a 35 MWp (25 MW) solar park in Solapur, Maharashtra. Epic Renewable Projects, a 100% subsidiary of Epic Energy, will spearhead this initiative to develop solar parks across India. The company has identified multiple sites in and around Solapur and is in advanced discussions with corporates to install solar energy plants under the group captive open…

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Indian wind and solar projects see 4 per cent growth in FY24: Fitch Ratings

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Fitch Ratings reported that Indian wind and solar project-finance transactions performed better in the financial year ending March 2024 (FY24), even though overall power generation slightly missed the one-year P90 forecasts. Portfolio-level generation grew by 4% due to new asset additions, with solar generation rising by 2%, meeting the one-year P90 estimate. Wind generation increased by 8%, a recovery from the 5% shortfall in FY23, although it still fell slightly short of forecasts. Cash collection…