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SJVN inks MoU with Rajasthan government for 7 GW renewable energy projects

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SJVN has signed a Memorandum of Understanding (MoU) with the Energy Department of Rajasthan to advance renewable energy development in the state. As part of the MoU, SJVN will develop 5 GW of pumped storage projects and 2 GW of floating solar projects in Rajasthan. The agreement was formalized in the presence of Rajasthan’s Chief Minister, Bhajan Lal Sharma, and signed by Akhileshwar Singh, Director (Finance) SJVN, and Om Kasera, Managing Director of RRECL. SJVN…

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SECI partners with H2Global Stiftung to accelerate green hydrogen ambitions

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The Solar Energy Corporation of India (SECI) has signed a memorandum of understanding (MoU) with H2Global Stiftung, a non-profit advancing global hydrogen markets, to promote green hydrogen development. The partnership focuses on leveraging H2Global’s innovative mechanism, implemented by its subsidiary Hintco, to align with international hydrogen market dynamics. Hintco’s tenders provide transparency on pricing, ensure production and delivery of clean fuels, and support legal certainty for final investment decisions. India stands to gain from H2Global’s…

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Satvik Green Energy files for Rs 11.50 billion IPO to fund solar expansion

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Satvik Green Energy has reportedly filed a draft red herring prospectus (DRHP) with the Securities and Exchange Board of India (SEBI) to raise Rs 11.50 billion through an initial public offering (IPO). The offering includes a fresh issue of shares worth Rs 8.50 billion and an offer for sale of Rs 3 billion by the company’s promoters. Proceeds from the IPO will be utilized to repay debt, invest in the company’s subsidiary, Saatvik Solar Industries,…

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MNRE sets new terms for rooftop solar CFA under PM Surya Ghar Yojana

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The Ministry of New and Renewable Energy (MNRE) has issued specific guidelines for real estate developers and promoters to access Central Financial Assistance (CFA) under the PM Surya Ghar: Muft Bijli Yojana (PMSGY). The initiative aims to promote widespread adoption of rooftop solar installations in residential housing complexes. According to the new terms, developers must provide an undertaking that the rooftop solar assets supported under the PMSGY will be handed over to the respective group…

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Datta Infra commits Rs 50 billion to Rajasthan’s renewable energy sector

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Datta Power Infra has signed a memorandum of understanding (MoU) to invest Rs 50 billion in Rajasthan’s renewable energy sector during the Rising Rajasthan 2024 event. The project will focus on developing 1,000 MW of renewable energy capacity, including solar, wind, and hybrid power projects across key districts such as Bikaner, Jaisalmer, Barmer, Nagaur, Pratapgarh, and Jodhpur. These initiatives will integrate with the State Transmission Utility (STU) for efficient energy distribution. Additionally, a significant portion…

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India to establish first 800-MW AUSC thermal power plant in Korba

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India’s first 800-MW advanced ultra-supercritical (AUSC) thermal power plant will be established in Korba, Chhattisgarh. The project is a collaboration between NTPC and BHEL, with support from the Indira Gandhi Centre for Atomic Research. In July 2024, Finance Minister Nirmala Sitharaman announced the joint effort by NTPC and BHEL to develop this innovative thermal power plant. The technology, indigenously developed through joint research and development, will be deployed in a full-scale 800 MW commercial plant,…

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Tata Power and Druk Green to develop 5,000 MW clean energy in Bhutan

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Tata Power Company Ltd and Druk Green Power Corporation Ltd (DGPC) have entered into a partnership to develop at least 5,000 MW of renewable energy capacity in Bhutan. This collaboration, supported by the Royal Government of Bhutan and the Government of India, marks the largest clean energy partnership between the two nations and aims to strengthen regional energy security and accelerate the clean energy transition. The agreement, signed in Thimphu in the presence of Bhutan’s…

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SEC charges Adani executives in solar project bribery case

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The Securities and Exchange Commission (SEC) has charged Gautam Adani and Sagar Adani, senior executives at Adani Green Energy Ltd., and Cyril Cabanes, a former executive of Azure Power Global Ltd., for their alleged roles in a multi-billion-dollar bribery scheme. The scheme was allegedly designed to secure favourable terms for a solar energy project awarded by the Indian government. The SEC alleges that Gautam Adani, Chairman of Adani Green, and Sagar Adani, its Executive Director,…

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NTPC to establish seawater-to-green hydrogen plant in Andhra Pradesh

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NTPC Limited is setting up a one-tonne per day seawater-to-green hydrogen plant at its Simhadri facility near Visakhapatnam, Andhra Pradesh. Developed through its R&D centre, NETRA, the project will use a low-carbon desalination plant powered by waste heat from the thermal power plant’s flue gas. This innovative process will produce hydrogen-grade water from seawater at reduced costs. NTPC states that 12-13 kg of purified water is required to generate 1 kg of hydrogen. In November…

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UltraTech Cement expands electric truck fleet for sustainable logistics

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UltraTech Cement Limited is expanding its use of electric trucks, contracting 100 EV trucks to transport 75,000 tonnes of clinker monthly over a 400-km roundtrip between its Dhar Cement Works in Madhya Pradesh and Dhule Cement Works in Maharashtra. This initiative is projected to cut carbon emissions by 17,000 tonnes annually. The move builds on a pilot project launched in January 2024 with five EV trucks. UltraTech plans to deploy 500 EV trucks by June…