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JSW signs PPA with SECI for 700 MW solar project
JSW Energy’s step-down subsidiary, JSW Renew Energy Eleven, has signed a power purchase agreement (PPA) with Solar Energy Corporation of India (SECI) for a 700 MW solar capacity under SECI Tranche XIII. The PPA, with a tariff of Rs 2.56/kWh, is set for 25 years, and the project is expected to be commissioned within 24 months. JSW Energy, targeting 10 GW operational capacity by FY 2025, currently operates 7.9 GW across thermal, hydro, and renewable…
Four developers shortlisted for Rajasthan HVDC-based ISTS scheme re-tender
Four developers, Power Grid Corporation of India Ltd (PGCIL), Sterlite Power, Adani Energy Solutions Ltd (AESL), and India Grid Trust (IndiGrid), have been shortlisted for the development of an interstate transmission system (ISTS) scheme in Rajasthan. The scheme, “Transmission system for evacuation of power from REZ in Rajasthan (20 GW) under Phase-III Part I,” involves high-voltage direct current (HVDC) infrastructure and was re-tendered in August following the annulment of the original bidding process. Housed under…
Honda Power partners with Bhago Mobility for green fleet
Honda Power Pack Energy, a subsidiary of Honda Power Company, has partnered with Bhago Mobility to offer green fleet management services for electric vehicles in last-mile delivery. The collaboration will deploy Honda e: Swap-powered electric vehicles in Bangalore and Delhi, benefiting e-commerce fleets and passenger mobility. Bhago Mobility plans to launch 100 electric cargo vehicles in the coming months of 2024, to expand to 10,000 vehicles within three years. These vehicles will be stationed at…
NTPC Green signs MoU with Rajasthan for 25 GW RE project
NTPC Green Energy (NGEL), a subsidiary of NTPC Ltd, has signed a memorandum of understanding (MoU) with the Rajasthan government for a 25 GW renewable energy project. The MoU was signed on 30 September 2024 during the Rising Rajasthan Investor Meet in Delhi, in the presence of Rajasthan Chief Minister Bhajanlal Sharma. Senior officials from both the Government of Rajasthan and NGEL also attended the event.
Aypa Power secures $323 million financing for Idaho’s largest battery energy storage project
Aypa Power, a portfolio company of Blackstone, has secured $323 million in financing for its Kuna project in Idaho. The 150 MW/600 MWh facility, located near Boise in the city of Kuna, is set to become Idaho’s largest battery energy storage project by mid-2025. The financing package includes a $233 million green loan comprising a construction and term loan, a tax equity bridge loan, and a letter of credit facility. Additionally, the project has secured…
US BOEM delays Oregon offshore wind auction
The US Bureau of Ocean Energy Management (BOEM) has postponed its planned auction for offshore wind energy leases off the coast of Oregon, citing insufficient interest from bidders. Initially scheduled for 15 October 2024, only one company expressed interest after the Final Sale Notice was issued in August. The auction featured two lease areas and five qualifying companies. Despite this setback, the Biden-Harris Administration has approved 10 commercial-scale offshore wind projects since 2021, aiming to…