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Odisha Approves Rs 92 Billion Investment in Solar Manufacturing Facilities

India, News

The Odisha government has approved proposals from Grew Energy, Saatvik Solar, Jakson Engineers, and Jupiter Renewables to establish solar cell and module manufacturing facilities, totalling an investment of over Rs 92 billion. Grew Energy: Plans to invest Rs 45.3 billion in Ganjam to set up an ingot-to-solar module facility. Saatvik Solar Industries: Intends to invest Rs 13.67 billion in a solar factory in Khurda. Jakson Engineers: Aims to invest Rs 13.54 billion for a similar…

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KPI Green secures Rs 13.11 billion solar project at Khavda Solar Park

India, News

KPI Green Energy Limited has won Coal India Limited’s auction to develop a 300 MW grid-connected ground-mounted solar project at Khavda Solar Park in Gujarat.  The contract, valued at Rs 13.11 billion, includes the design, engineering, procurement, supply, installation, testing, and commissioning of the project. The scope also covers the transportation and transit insurance of PV modules designed for a 1,500V system voltage, along with comprehensive operation and maintenance for five years.  The project is…

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Shimato Enterprises partners with Constronics Infra for 21 MW solar project in Tamil Nadu

India, News

Shimato Enterprises Private Limited signed a term sheet agreement with Constronics Infra Limited for the development of a 21 MW solar power project in Virudhunagar, Tamil Nadu on November 29, 2024.  As per the agreement, Shimato Enterprises along with its subsidiaries and associates will acquire land, design, supply and install the solar power project along with comprehensive Operation and Maintenance (O&M) on turnkey basis.

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Sterling and Wilson secures Rs 5.04 billion solar project in Rajasthan

India, News

Sterling and Wilson Renewable Energy Ltd (SWREL) has secured a Rs 5.04 billion contract to develop a solar photovoltaic (PV) plant in Rajasthan.  The project, awarded by an independent power producer, involves the supply, installation, and commissioning of a 305 MW AC / 396 MWp DC PV system.  

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Sunshine Capital announces solar energy finance products

India, News

Sunshine Capital Limited has announced the launch of financial products to support solar energy adoption.  The Board of Directors approved the plan during a meeting held on December 3, 2024. The new solar energy finance offerings are designed to simplify solar panel investments for homeowners by providing accessible and flexible loan options.  Additionally, the Board has decided to consolidate all consumer-side offerings, including Insurance Broking, Mutual Funds Product Distribution, Retail Loans, and Solar Financing, under…

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Tata Power Renewables commissions 431 MW DC solar project in Neemuch

India, News

Tata Power Renewable Energy Limited (TPREL), a subsidiary of Tata Power, has commissioned a 431 MW DC solar project in Neemuch, Madhya Pradesh.  Spanning 1,635.63 acres, the project was secured through a competitive bidding process and features a combination of single-axis trackers and bi-facial modules to enhance system efficiency by over 15%. The project is expected to offset 7,80,300 tonnes of CO2 annually while adhering to engineering standards, including SCADA commissioning and WRLDC compliance.  The…

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Philippines launches $3.4 billion MTerra solar project

Global, News

The Government of the Philippines has initiated the MTerra Solar Project in Nueva Ecija and Bulacan, with an investment of $3.4 billion.  The project aims to generate 4,500 MWh of energy, supplying electricity to approximately 2.4 million homes by 2027.  This initiative is a collaboration between Terra Solar Philippines, Meralco PowerGen Corporation (MGEN), and SP New Energy Corporation (SPNEC).  It is expected to reduce carbon emissions by over 4.3 million tonnes annually, equivalent to removing…

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INOXAP begins speciality gas supply to ReNew’s solar PV cell plant in Gujarat

India, News

INOX Air Products (INOXAP) has commenced the supply of electronic and speciality gases to ReNew’s first solar photovoltaic (PV) cell manufacturing facility in Dholera, Gujarat.  Under a long-term agreement, INOXAP provides critical gases such as nitrous oxide, ammonia, and silane through a logistics system comprising ISO containers and tube trailers owned by INOXAP. The partnership includes a comprehensive gas management solution to ensure reliable distribution and onsite handling, adhering to strict quality and safety standards. …

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Yinson Renewables secures $59m financing for Peru’s Matarani solar project

Global, News

Yinson Renewables has obtained $59 million in senior secured green financing for the 97 MW peak Matarani solar project in Peru.  The financing, arranged by IDB Invest and Natixis Corporate & Investment Banking (Natixis CIB), adheres to the Green Loan Principles 2023. The Matarani solar project, located near Arequipa, is Peru’s first non-subsidized operational solar plant financed through a green project finance facility. It is backed by a long-term power purchase agreement (PPA) with Orygen,…

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Pele Green Energy reaches financial close on Sonvanger solar plant

Global, News

Pele Green Energy (PGE) has achieved financial close for the 100 MW Sonvanger solar photovoltaic (PV) power plant in South Africa.  Located 4 km southwest of Theunissen in the Masilonyana local municipality of Free State province, the plant will supply clean energy to Glencore Merafe Venture’s ferrochrome smelters. The Sonvanger project is the country’s first utility-scale renewable energy project led by a single sponsor and IPP. The project will contribute to reducing carbon emissions, diversifying…