|

Azure Power secures REC and HSBC refinancing, completes early bond prepayment

By

Azure Power Global Ltd, a leading renewable power producer in India, has completed an Rs 24 billion refinancing transaction structured as an INR Term Loan underwritten solely by REC Ltd. 

This transaction enabled the company to prepay its $350 million Green Bonds, originally issued in 2019, which were set to mature in December 2024. These bonds were backed by 10 solar projects commissioned between 2016 and 2019.

Previously, Azure Power completed an Rs 13 billion refinancing transaction with HSBC for its 300 MW solar project in Jodhpur, Rajasthan. India Infradebt Ltd also participated in this project, which has been operational since March 2023 under a long-term agreement with the Solar Energy Corporation of India (SECI).

Azure Power’s renewable energy portfolio exceeds 4.3 GW, encompassing the development, construction, and operation of renewable energy projects across India.

Similar Posts

|

GVPR Engineers declared L1-bidder for power distribution contract in Uttarakhand

By

GVPR Engineers has been declared the lowest bidder (L1) for a power distribution contract in Uttarakhand.  The company secured the contract at a value of Rs 3.96 billion for the construction of a 400 KV GIS Switching Substation in Pipalkoti. The bids were invited by the Power Transmission Corporation of Uttarakhand.

|

GE Vernova to supply 7HA.03 gas turbines for Nanko power station in Japan

By

GE Vernova has secured a contract from Kansai Electric Power Company to provide three 7HA.03 gas turbines to modernise the Nanko power station in Osaka, Japan. The turbines will replace existing LNG power generation assets, including three boilers and three steam turbines, significantly increasing the plant’s efficiency and reducing carbon dioxide emissions, aligning with Japan’s net-zero emissions target by 2050. The upgraded Nanko power station is expected to deliver up to 1.8 GW of electricity….

|

Avaada Group inaugurates 70 MW solar project in Uttar Pradesh

By

Avaada Group has launched a 70 MW solar power project in Banda, Uttar Pradesh, investing Rs 4.08 billion. The project is expected to generate approximately 160 million units of renewable energy annually. Additionally, Avaada is developing two pumped storage projects with a combined capacity of 2,190 MW in the Sonbhadra and Mirzapur districts. The group also plans to develop 1,000 MW of solar power projects in Jalaun, Chitrakoot, and Lalitpur districts, with a total investment…

|

Natron to build $1.4 billion sodium-ion battery gigafactory in North Carolina

By

Natron Energy has announced plans to build the first sodium-ion battery gigafactory in North Carolina, marking a $1.4 billion investment. The facility will be located on a 437-acre site at the Kingsboro megasite in Edgecombe County and will span approximately 1.2 million square feet. The gigafactory is set to produce 24 gigawatts (GW) of sodium-ion batteries annually, significantly expanding Natron Energy’s current production capacity by 40 times. The batteries, noted for being the only UL-listed…

|

HP Green R&D Centre inks tie-up with EIL for hydrogen technology

By

Hindustan Petroleum Corporation’s R&D arm, HP Green R&D Centre (HPGRDC), has entered a collaboration with Engineers India Limited (EIL) to commercialise its indigenous hydrogen pressure swing adsorption (HP-PSA) technology.  Under this partnership, HPCL will act as the “Technology Licensor,” while EIL will be the exclusive “Technology & Engineering Partner,” responsible for engineering, marketing, and commercialising HP-PSA technology across India. The HP-PSA technology, developed by HPGRDC, has proven effective with a six-bed hydrogen PSA unit at…

|

Oklo secures environmental permit for fission power plant in US

By

Oklo, a fission power and nuclear fuel recycling company, has received an environmental compliance permit from the US Department of Energy (DOE) and Idaho National Laboratory (INL) for its advanced fission power plant site. This permit enables Oklo to proceed with plans to launch the first commercial advanced fission plant in the United States. The permit approval follows a recently completed memorandum of agreement (MoA) with the DOE, initiating site characterization activities for the project….

Leave a Reply

Your email address will not be published. Required fields are marked *