|

Grew Energy to supply solar modules for Jindal Renewables’ Rajasthan project

By

Grew Energy has announced it will supply 500 MW of solar modules for Jindal Renewables’ solar power project in Rajasthan.  Jindal Renewables is developing around 3 GW of renewable energy assets with power off-take agreements in place. By 2030, the company plans to expand its portfolio to 12 GW, including storage facilities and green hydrogen production. Grew Energy, a venture of Chiripal Group, manufactures solar modules with a 6.4 GW PV module capacity. The company…

|

Honeywell to provide building automation solutions for Exide Energy’s lithium-ion gigafactory

By

Honeywell has secured a contract to deliver building automation solutions for Exide Energy Solutions Ltd (EESL), a subsidiary of Exide Industries Ltd. The project will involve deploying Honeywell’s Enterprise Buildings Integrator (EBI) platform for centralized monitoring and control of the 80-acre lithium-ion gigafactory campus in Bengaluru.  These solutions will enhance operational efficiency, improve incident response, optimize energy use, and bolster security during phase one of the facility’s construction. The gigafactory, set to be completed in…

|

CERC grants final transmission licence to PGCIL’s Bhadla-III Transmission

By

The Central Electricity Regulatory Commission (CERC) has granted a final transmission licence to “Bhadla-III Transmission Ltd,” a wholly-owned TBCB subsidiary of Power Grid Corporation of India Ltd (PGCIL).  The licence, issued on December 15, 2024, is valid for 25 years unless revoked earlier. Bhadla-III Transmission Ltd is developing an ISTS scheme titled “Additional transmission system for evacuation of power from Bhadla-III PS as part of Rajasthan REZ Phase-III (20 GW)” under the build, own, operate,…

|

Seven firms win bids for 500 MW solar projects under GUVNL Phase XXV

By

On December 19, 2024, Gujarat Urja Vikas Nigam Limited (GUVNL) announced the winners of its 500 MW Solar Photovoltaic (PV) Power Projects under Phase XXV without energy storage systems (ESS). The successful bidders are: Drashta Green Power Limited: 10 MW at Rs 2.55 per kWh S.B.B. Mouldings Private Limited: 10 MW at Rs 2.55 per kWh Enertech Fuel Solutions Private Limited: 40 MW at Rs 2.55 per kWh Kintech Synergy Private Limited: 50 MW at…

|

Federal Bank and Ecofy collaborate to finance MSME solar projects

By

Federal Bank has partnered with Ecofy, a green-focused NBFC backed by Eversource Capital, to offer financing solutions for MSMEs investing in rooftop solar installations. The program targets financing 3,600 kW of rooftop solar annually, focusing on installations in the 20-200 kW range, a segment often underserved by lenders.  This initiative is expected to reduce over 2,500 tonnes of carbon emissions each year while addressing MSMEs’ financial barriers. Federal Bank, with MSME loans comprising over 20…

|

Powergrid to raise up to Rs 42.50 billion via 10-year bonds

By

Power Grid Corporation of India Limited (PGCIL) has approved raising up to Rs 42.50 billion through the private placement of bonds. The funds will be raised under the Powergrid bonds – LXXX (80th Issue), which are unsecured, non-convertible, non-cumulative, redeemable, and taxable.  The issue includes a base size of Rs 10 billion and a green shoe option of Rs 32.50 billion. These bonds will have a 10-year tenure with annual interest payments. The interest rate…

|

India’s renewable energy capacity addition doubles to 15 GW in FY24

By

India has added nearly 15 GW of renewable energy capacity between April and November this financial year, almost double the 7.54 GW added during the same period last year.  Speaking at the CII International Energy Conference 2024, Union Minister Pralhad Joshi highlighted India’s growing leadership in the global clean energy sector. The country’s installed non-fossil fuel capacity now stands at 214 GW, up 14 per cent year-on-year. In November 2023 alone, 2.3 GW of renewable…

|

Sembcorp wins solar plus BESS project from SECI

By

Sembcorp Green Infra (SGIPL), a unit of Sembcorp Industries, has secured a 150 MW solar project with a 300 MWh battery energy storage system (BESS) from Solar Energy Corporation of India (SECI). SGIPL has received the letter of award (LoA) for the project. This marks Sembcorp’s first solar-BESS hybrid project in India, bringing its gross renewable capacity in the country to nearly six GW, including over two GW of greenfield projects won in 2024. The…