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Indus Towers invests in 50 MW captive solar project
Indus Towers Limited (ITL) has signed an agreement with Amplus Energy Solutions Private Limited to set up a 50 MW captive solar photovoltaic (PV) power project in India. As part of the agreement, ITL will invest Rs 270 million to acquire a 26 per cent equity stake in Amplus Tungabhadra Private Limited, the special purpose…
China’s CGN brings Southeast Asia’s largest solar project online in Laos
A 1 GW photovoltaic (PV) project in northern Laos has been connected to the grid, marking the largest single solar installation in Southeast Asia and the country’s first utility-scale mountainous PV development. Developed by China General Nuclear Power Group (CGN), the project is Phase I of the Northern Laos Clean Energy Base and is located…
Resonia commissions 765 kV Fatehgarh–Beawar transmission corridor
Resonia has commissioned the 765 kV double-circuit Fatehgarh–Beawar transmission corridor, spanning approximately 700 circuit kilometres, along with associated bays and the 765/400 kV Beawar Substation. The project is designed to enable high-capacity evacuation of renewable energy from generation-rich regions to the grid. The Beawar substation is configured as an extra-high voltage node with substantial transformation…
Insolation Energy secures Rs 5 billion contract for rooftop solar in Rajasthan
Insolation Energy Limited has won a contract valued at Rs 5 billion from Rajasthan Renewable Energy Corporation Limited (RRECL) to install 77 MW of rooftop solar power systems across Rajasthan. The project includes the design, supply, erection, testing, commissioning, and installation of rooftop solar photovoltaic (PV) systems on state government and government-owned buildings in Jaipur,…
Fortum exits India’s renewable energy market
Fortum Oyj has exited India’s renewable energy market by selling its platform, Fortum India Pvt Ltd (FIPL), to New York-based Hexa Climate Solutions, backed by I Squared Capital. Hexa acquired 100% of FIPL, including its management company, carbon credits, and a 40-member team. The sale process, managed by EY, attracted five bidders, including Japan’s Marubeni…
Sri Lanka to renegotiate wind PPA with Adani Green Energy
The government of Sri Lanka plans to renegotiate the power purchase agreement (PPA) with India’s Adani Green Energy for a 484MW wind power project, to reduce the cost to below $0.06 per unit, according to the Press Trust of India (PTI). The previous government had signed a 20-year PPA for the project at 8.2 US…
