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PFC and JBIC sign loan agreement for bamboo-based bio ethanol project in Assam
Power Finance Corporation Limited (PFC) has signed a loan agreement worth about Rs 32 billion with the Japan Bank for International Cooperation (JBIC) to fund a bamboo-based bio ethanol and chemicals project in Assam. The financing will support Assam Bio Ethanol Private Limited’s second-generation plant, which will use bamboo as feedstock to produce bioethanol and…
Greenko appoints AFRY for design engineering services on pumped hydro project
Greenko Group, a leading renewable energy company in India, has appointed AFRY to provide detailed design engineering services for Rajasthan’s 1.8GW Shahpur pumped hydro energy storage project. The Shahpur pumped storage project is integral to Greenko’s strategy to drive the energy transition through large-scale, integrated renewable projects with advanced energy storage solutions. AFRY will provide…
China tightens solar PV investment guidelines to address overcapacity
China’s Ministry of Industry and Information Technology has finalized new investment guidelines for solar photovoltaic (PV) manufacturing projects to address persistent overcapacity and stabilize the industry. The guidelines, announced on November 20, 2024, increase the minimum capital ratio for solar PV projects to 30%, up from 20% for certain projects. This threshold, previously reserved for…
Adani and Bhutan’s DGPC to co-develop 5 GW hydropower projects
Adani Group has signed a memorandum of understanding (MoU) with Bhutan’s Druk Green Power Corporation (DGPC) to jointly develop 5 GW of hydropower capacity in Bhutan. This includes ongoing work on the 570/900 megawatt (MW) Wangchhu Hydropower Project. DGPC will hold a 51% majority stake in the projects, while Adani will hold the remaining 49%….
CEA clears Upper Indravati pumped storage project in Odisha
The Central Electricity Authority (CEA) has granted final approval for the Upper Indravati Pumped Storage Project in Odisha. The 600 MW (4×150 MW) project will be developed by Odisha Hydro Power Corporation Limited (OHPC) at Mukhiguda village in Kalahandi district. The project involves an estimated investment of Rs 31.6 billion and aims to strengthen grid…
China’s renewable curtailment worsens amid grid delays
China’s solar and wind curtailment rates rose sharply in the first half of 2025, highlighting growing grid constraints amid record renewable additions. Solar curtailment reached 5.7 per cent, up from 3 per cent a year earlier. Wind rose to 6.6 per cent from 3.9 per cent, according to the National Energy Administration. Curtailment occurs when…
