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Jakson Engineers, SBI partner to accelerate solar adoption in India
Jakson Engineers Limited and the State Bank of India (SBI) have signed a Memorandum of Understanding (MOU) under the Surya Shakti Solar Finance programme to promote solar energy adoption across India. The partnership aims to increase solar power use in institutional, commercial, and industrial sectors. SBI will provide up to Rs 100 million in credit to commercial and industrial users, accelerating the rollout of rooftop solar projects. This collaboration supports the Prime Minister’s goal of…
Reliance Power wins 500 MW Battery Energy Storage contract from SECI
Reliance Power has secured a contract from the Solar Energy Corporation of India (SECI) to establish a 500 MW/1000 MWh Battery Energy Storage System (BESS). Awarded through a tariff-based competitive bidding (TBCB) process, the standalone BESS will operate on a build, own, and operate (BOO) model for ‘on demand’ usage, marking the company’s entry into the renewable energy and storage sector. Reliance Power will oversee the entire project, including land identification, installation, approvals, and interconnection…
Arctech secures 2.3 GW solar trackers in Saudi Arabia
Arctech has signed a major supply agreement with China Energy Engineering Group Co., Ltd. to provide 2.3 GW of its 1P single-axis solar tracker system, SkyLine II, for the PIF4-Haden project owned by ACWA Power. This project, supporting Saudi Vision 2030, is expected to reach commercial operations by early 2027. SkyLine II’s innovative synchronous multi-point drive mechanism enables it to operate effectively in the strong winds typical of the desert site. Its modular design allows…
Avaada to invest Rs 2.5 trillion in renewable energy and manufacturing
Avaada Group plans to invest Rs 2.5 trillion over the next seven years across multiple businesses, including facilities for ingot, wafer, and glass manufacturing. The renewable energy provider is also focusing on green hydrogen and ammonia ventures, targeting 11.5 GW of energy capacity by 2026 and 30 GW by 2030. The company is building solar panel factories, with a second module factory under construction in Nagpur and another planned for Greater Noida, aiming for a…
Avantus, Toyota Tsusho America begin construction of Norton Solar Project in Texas
Avantus and Toyota Tsusho America (TAI) have started constructing the 159 MWdc/125 MWac Norton solar project in Runnels County, Texas. The construction follows TAI’s acquisition of the Norton project from Avantus in November 2023. TAI, a subsidiary of Toyota Tsusho Corporation, has secured financing from Mitsubishi UFJ Financial Group. The Norton project, managed by Avantus with engineering, procurement, and construction services provided by RES, has a long-term power purchase agreement with a corporate customer, highlighting…
Orlen Group secures EIB loan for Poland’s electricity distribution upgrade
Orlen Group has received a 3.5 billion zlotys ($866.6 million) loan from the European Investment Bank (EIB) to fund a major program aimed at modernizing and strengthening Poland’s electricity distribution network. The loan, to be disbursed in tranches over three years, will have a repayment period of up to 15 years. The initial tranche of financing is valued at 900 million zlotys. Energa Operator, Orlen’s distribution subsidiary, will lead the project, serving over 3.4 million…