Global: NBIM to acquire 49% stake in Nordseecluster and Thor offshore wind projects India: US approves for Holtec to transfer SMR technology to India Waaree Energies inaugurates 5.4 GW solar cell plant in Gujarat IREDA secures $172 million loan from SBI Tokyo Tiruchirappalli plans 19.2 MW solar power project in Panjappur Adani Green begins operations on 480 MW wind-solar projects in Gujarat
Norges Bank Investment Management (NBIM) will acquire a 49% stake in two offshore wind projects, Nordseecluster in Germany and Thor in Denmark, for €1.4 billion ($1.5 billion) from RWE. The deal, subject to regulatory approvals, is expected to close by the third quarter of 2025. RWE will retain a 51% stake and continue as the developer and operator of both projects, which are currently under construction. The total valuation of the projects stands at €2.87…
The United States Department of Energy (DOE) has granted Holtec International a critical regulatory approval to transfer small modular reactor (SMR) technology to India. The authorization, issued on March 26, 2025, allows Holtec to share unclassified SMR technology with three Indian firms: Holtec Asia, Tata Consulting Engineers Limited (TCE), and Larsen & Toubro Limited (L&T). The approval is valid for 10 years, with a review at the five-year mark. Conditions for technology transfer The approval…
Waaree Energies Limited has inaugurated a 5.4 GW solar cell manufacturing facility in Chikhli, Gujarat. Spanning 150 acres, with a built-up area of 101 acres, the plant is equipped with high-efficiency solar cell technology to strengthen India’s domestic solar manufacturing capabilities. The facility is expected to generate over 9,500 direct jobs and approximately 30,000 indirect employment opportunities. It aims to reduce India’s dependence on solar imports while boosting the country’s renewable energy sector. Previous week,…
Indian Renewable Energy Development Agency Limited (IREDA) has secured a loan facility worth approximately $172 million from the State Bank of India (SBI) Tokyo. The loan includes a greenshoe option of around $66.2 million through external commercial borrowings. Structured as a five-year unsecured facility with a bullet repayment at maturity, the loan is expected to have a landed cost below 7 percent after hedging. IREDA plans to use the funds to diversify its resource base…
Tiruchirappalli City Municipal Corporation has announced plans to develop a 19.2 MW solar power project in Panjappur under its 2025-26 budget. The project, which includes both rooftop and ground-mounted solar installations, is estimated to cost Rs 1,150 million. The rooftop solar panels will be installed on key structures, including the integrated bus terminus and the Tamil Nadu Industrial Development Electronics Limited (TIDEL) park. Meanwhile, ground-mounted solar panels will be set up across 300 acres of…
Adani Green Energy Limited (AGEL) has started commercial operations on five renewable energy projects with a combined capacity of 480.1 MW. These projects are part of the massive 30,000 MW Khavda Wind-Solar Hybrid Renewable Energy Power Park in Gujarat’s Rann of Kutch. The projects, which went live on March 30, 2025, include both wind and solar power developments under different special purpose vehicles (SPVs): Adani Renewable Energy Fifty Six Limited – 125 MW solar project…