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Mirova invests $10 million to fund C&I solar projects in Vietnam

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Mirova, an affiliate of Natixis Investment Managers, has invested $10 million in ecoligo, a global provider of commercial and industrial (C&I) solar solutions.  This investment will fund a portfolio of greenfield C&I solar rooftop projects in Vietnam and marks the Mirova Gigaton Fund’s first investment in the country. The senior debt financing will enable ecoligo to expand its C&I solar business in Vietnam, further advancing Sustainable Development Goal (SDG) 13, focusing on climate change mitigation….

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KPI Green Energy targets early completion of 200 MW solar project

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KPI Green Energy, which secured a 200 MW CTU-connected solar project from Gujarat Urja Vikas Nigam (GUVNL) in August 2023, aims for early completion.  The power purchase agreement (PPA) was signed on March 1, 2024, with a scheduled commercial operation date (SCOD) between May 31, 2025, and November 30, 2025. Upon completion of the Khavda project, KPI’s operational IPP portfolio will grow from 171 MWp to 411 MWp, marking a significant milestone in renewable energy….

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Waaree Technologies wins order to supply 99 solar off-grid combos

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Waaree Technologies has secured an order to supply 99 solar off-grid combos to a trading customer. The order, placed on January 15, 2025, requires delivery within three months. The solar off-grid combo includes batteries, solar panels, inverters, and other essential components.  The off-grid combo is designed for efficient energy storage and utilization, supporting businesses in achieving energy independence. 

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Hartek Group secures rooftop solar contract for Hindustan Coca-Cola plant

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Hartek Group’s commercial and industrial rooftop solar division has secured an 8 MW solar EPC contract in Jammu & Kashmir.  The project, awarded by Kandhari Beverages Private Limited, a bottling plant of Hindustan Coca-Cola, is under execution and expected to be commissioned within the current quarter. The project includes engineering and design, procurement of solar modules, inverters, and associated equipment, testing and commissioning, and operations and maintenance. It is projected to generate one million units…

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TREDA targets 10,895 solar-powered pumps

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The Tripura Renewable Energy Development Agency (TREDA) has set a target of installing 10,895 solar-powered pumps for irrigation in rural farmlands under the PM KUSUM scheme.  Of the target, 3,616 pumps have already been installed, providing irrigation to 7,232 acres of farmland and benefiting 3,616 marginal farmers.  Work is underway for the installation of an additional 5,051 pumps, with steps being taken to establish the remaining 2,264 pumps as soon as possible. Once fully implemented,…

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NTPC commissions second part of solar projects in Rajasthan and Madhya Pradesh

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NTPC Renewable Energy Limited (NTPC REL), a subsidiary of NTPC Limited, has declared the commercial operation of the second part capacities of two solar projects. The 60 MW capacity from the 320 MW Bhainsara solar project in Jaisalmer, Rajasthan, became operational on January 7, 2025, following the earlier commissioning of 160 MW on August 28, 2024.  Meanwhile, the 50 MW capacity from the 220 MW Shajapur Solar Project (Unit-II) in Madhya Pradesh was declared operational…

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NHPC receives approval for Lanco Teesta Hydro Power merger

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NHPC Limited has secured approval from the Ministry of Corporate Affairs (MCA) for the merger of Lanco Teesta Hydro Power with NHPC.  The company also received a second insurance payment of Rs 2.50 billion related to business interruption losses from the October 2023 flash flood at the 510 MW Teesta-V Power Station. NHPC, India’s largest hydropower developer, continues to expand into solar and wind energy.

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Rajasthan allocates 4,000 hectares for 2,000 MW solar project

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Rajasthan Chief Minister Bhajan Lal Sharma has approved the allocation of 4,000 hectares in Bodana village, Jaisalmer district, to the Rajasthan Solar Park Development Company for establishing a 2,000 MW solar power project.  This initiative aligns with the state’s commitment to advancing renewable energy and supporting clean energy goals.

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Bank of Baroda secures loan awards for 800 MW solar projects in Gujarat

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Bank of Baroda (BoB) received Letters of Award (LoAs) from NLC India Limited to provide Rupee Term Loans (RTL) for two solar projects in Gujarat: 600 MW Khavda Solar PV Project – Phase XX (GUVNL) Loan amount: Rs 26.69 billion at an interest rate of 8.15% p.a. Project scope: Development of 600 MW grid-connected solar PV plants under GUVNL Phase XX on a build, own, and operate (BOO) basis at Khavda Solar Park (GSECL Stage…

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Premier Energies wins Rs 1.46 billion solar contracts

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Premier Energies Limited’s subsidiaries, Premier Energies Global Environment Private Limited, Premier Energies International Private Limited, and Premier Energies Photovoltaic Private Limited, secured contracts worth Rs 1.46 billion for solar module and cell supply in India on January 14, 2025. The companies won Rs 10.41 billion for solar modules and Rs 4.19 billion for solar cells. Module supplies are expected to begin in May 2025.