|

Juniper, ACME, Sembcorp win SECI’s 600 MW Wind-Solar Auction

By

Juniper Green Energy, ACME Solar Holdings, and Sembcorp Green Infra have won Solar Energy Corporation of India’s (SECI) auction to develop 600 MW of interstate transmission system (ISTS)-connected wind-solar hybrid projects (Tranche IX). ACME secured 300 MW at a tariff of Rs 3.25 per kWh, while Juniper and Sembcorp were awarded 150 MW each, with Sembcorp’s tariff at Rs 3.26 per kWh. The tender, originally floated for 400 MW, was expanded to 600 MW. According…

|

Henkel India partners with CleanMax to reduce emissions

By

Henkel Adhesives Technologies India Private Limited (Henkel India) has partnered with CleanMax to reduce absolute emissions through a captive solar Power Purchase Agreement (PPA). The solar power project, located in Maharashtra, will be owned and operated by CleanMax and will supply solar power to Henkel India’s Kurkumbh and Thane manufacturing sites. This partnership will lead to annual carbon savings of over 4,500 tonnes at these sites. Henkel India is also setting a Net-Zero pathway for…

|

Purvah Green to acquire Bhojraj Renewables

By

Purvah Green Power, a subsidiary of Calcutta Electric Supply Corporation (CESC), has signed a binding term sheet to acquire 100% of Bhojraj Renewables Energy. The acquisition, valued at up to Rs 1.08 billion, will support the development of a 300 MW wind energy project and a 150 MW solar energy project. Bhojraj Renewables will handle land acquisition and secure permits and approvals, with the entire process expected to be completed within nine months. Purvah Green…

|

AESL incorporates subsidiary to explore international transmission projects

By

Adani Energy Solutions Limited (AESL) has established a wholly owned subsidiary, Adani Energy Solutions Global Limited (AESGL), with an initial share capital of USD 27,000, divided into 27,000 shares at USD 1 per share.  AESL holds 100% ownership of AESGL, which aims to explore new business opportunities in transmission projects outside India.

|

GE Power secures Rs 209 million order from MPPGCL for boiler parts

By

GE Power India Limited has received a purchase order valued at Rs 209 million from Madhya Pradesh Power Generating Company Limited (MPPGCL) to supply boiler parts at the Sanjay Gandhi Power Station.  The order, subject to an additional 18% goods and service tax, is to be executed within 3.5 months.

|

Ahasolar Technologies secures order for national portal for PM Surya Ghar

By

Ahasolar Technologies Limited has received an order worth Rs 16.5 million from Gesellschaft für Internationale Zusammenarbeit (GIZ) GmbH to develop an online national portal for the PM Surya Ghar: Muft Bijli Yojana. The portal will manage rooftop photovoltaic (PV) applications and provide capacity-building support to discoms.  The project will also include consultancy support for REC Limited in implementing the scheme, offering training, and coordinating with discoms across India. The order is expected to be completed…

|

PFC secures USD 1.26 billion foreign currency loan for green energy projects

By

Power Finance Corporation Limited (PFC) has secured a USD 1.26 billion foreign currency term loan, marking the largest such loan ever raised by an Indian public sector undertaking. The loan was arranged through a facility agreement with multiple banks at IFSC GIFT City, Gandhinagar, and will be used to fund green energy projects outside the thermal generation sector. The loan has a floating interest rate of 4.21% per annum with a five-year tenure. The participating…

|

Kundan Green commits Rs 10 billion to expand RE portfolio by 2028

By

Kundan Green Energy has committed an investment of Rs 10 billion to expand its renewable energy portfolio by 2028, aligning with India’s target of generating 500 GW of renewable energy. The company plans to invest Rs 130-150 million per megawatt in new projects, focusing on strengthening infrastructure to meet future energy demands. The expansion includes integrating advanced pumped storage systems in upcoming hydropower projects, aiming to boost energy production efficiency. Kundan Green Energy is also…

|

Avaada lays foundation stone for Rs 136.5 billion plant in Nagpur

By

Avaada Group has laid the foundation stone for a Rs 136.5 billion manufacturing facility at Addl. Butibori Industrial Park in Nagpur. The project, aimed at boosting India’s renewable energy capabilities, will create over 5,000 jobs and support the country’s goal to cut carbon emissions by 50% by 2030. The plant, inaugurated by Maharashtra Deputy Chief Minister Devendra Fadnavis, will focus on the solar value chain, including ingot-wafer, PV cells, and modules, as well as next-generation…

|

Hitachi Energy to invest Rs 20 billion in India over 4-5 years

By

Hitachi Energy plans to invest Rs 20 billion in India over the next four to five years to expand its transformer capacity, talent base, and portfolio.  The investment will focus on large and small power transformers, dry and traction transformers, and insulation and components. It will also strengthen the company’s high voltage direct current (HVDC) capacity and enhance its network control solutions for industries, utilities, and transportation sectors.