Adani Green Energy Limited (AGEL) has completed the redemption of USD 750 million Holdco notes via a fully funded redemption reserve account. The notes supported AGEL’s rapid growth, with its capacity expanding from 3.5 GW to 11.2 GW over the past three years, achieving a 48% compounded annual growth rate.
NTPC Vidyut Vyapar Nigam (NVVN) has released a tender for the installation of 7.2 MW of grid-connected rooftop solar systems across 26 Assam Rifles buildings in Nagaland, Manipur, and Assam. The bid submission deadline is December 2, 2024. The project scope covers design, engineering, supply, civil construction, erection, testing, commissioning, and the inclusion of a solar module cleaning system, remote monitoring, and ten years of operation and maintenance.
The Gujarat government is planning to install 48 MW of solar rooftop systems on government buildings, backed by a Rs 1.77 billion budget. As of March 2024, 56.8 MW of solar rooftops had been installed across government departments, with the new installations set to enhance the state’s solar infrastructure and green energy initiatives.
The US Bureau of Ocean Energy Management (BOEM) has initiated the process for a second regional offshore wind energy sale in the Central Atlantic, called Central Atlantic 2. This initiative invites public input on potential commercial wind energy development off the coasts of New Jersey, Delaware, Maryland, Virginia, and North Carolina. Building on the groundwork from the inaugural Central Atlantic lease sale on August 14, 2024, the Central Atlantic 2 Call marks a preliminary step…
Artificial Intelligence (AI) is expected to add 500 MW to India’s data centre capacity over the next four years, according to a report by Avendus Capital. India’s data centre market, among the fastest-growing globally, has seen capacity rise from 540 MW in 2019 to 1,011 MW in 2023. With a projected CAGR of 26% over the next three years, the sector is attracting diverse investors. The rise in AI workloads, anticipated to surpass traditional cloud…
The Solar Energy Corporation of India Limited (SECI) has announced the results of its Tranche XVI auction to develop 1.2 GW of inter-state transmission system (ISTS) connected solar projects across India. The auction, which was issued in May 2024, awarded a total of 500 MW of capacity. Sustainable and Affordable Energy for Life (SAEL) Industries Limited and NTPC Limited secured 250 MW and 200 MW respectively, both at a tariff of Rs 2.48 per kWh….
IBM has acquired Prescinto, a Bangalore-based provider of asset performance management (APM) software-as-a-service (SaaS) for renewable energy. Prescinto leverages AI to streamline operations, manage clean energy and storage assets, and provide advanced monitoring and analytics. The acquisition is set to boost IBM’s Maximo Application Suite (MAS) by offering near real-time performance tracking for solar, wind, and energy storage assets, optimizing generation, and supporting clients’ sustainability and net-zero initiatives. Founded in 2016, Prescinto manages 16 GW…
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