Bihar State Power Generation Company (BSPGCL) has issued a tender for procuring solar power from grid-connected solar PV projects ranging from 2 MW to 20 MW in Patna.
The project, designed as a ground-mounted installation with a raised structure over ponds, will be constructed under the RESCO mode for a total capacity of 20 MW. The contract is valued at Rs 1 billion, and the deadline for bid submission is 12 November 2024.
Kalpataru Projects International Limited (KPIL) has announced new orders totalling Rs 22.73 billion across domestic and international markets. The orders, awarded to KPIL along with its joint ventures and subsidiaries, cover Transmission & Distribution (T&D) projects globally and residential building projects within India. According to MD & CEO Manish Mohnot, these new contracts strengthen KPIL’s standing in the T&D sector, with year-to-date order inflows amounting to approximately Rs 141 billion, 56% of which is from…
Gautam Solar plans to increase its solar module manufacturing capacity to 5 GW by 2025, with the first phase of expansion to be completed in November 2024, followed by phases in January and April 2025. The Rs 100 billion project will be funded through an IPO, expected in the next 12-18 months. The IPO will also support the construction of a 2-GW solar cell plant. Gautam Solar’s contribution could account for 5-7% of India’s current…
Torrent Power Limited has announced its financial results for the quarter ending June 30, 2024. Let’s have a look at the key highlights. Financial Performance Revenue Growth: The company’s revenue from operations surged to Rs 71.93 billion, an increase of 50.3 per cent from Rs 47.87 billion in the prior quarter and 33.6 per cent from Rs 53.83 billion in the same quarter last year. Profit Metrics: Profit before tax reached Rs 12.73 billion, nearly…
Green hydrogen (GH2) is set to play a pivotal role in India’s path toward decarbonization. The country’s goal of producing 5 million tonnes of green hydrogen annually by 2030 is a key part of its strategy to reduce greenhouse gas emissions. This shift will require significant changes in India’s power system, particularly in the integration of renewable energy sources and grid flexibility. Below is a detailed analysis of the necessary adjustments to meet the rising…
The UK’s Crown Estate has initiated the second phase of its offshore wind leasing round 5, focusing on the development of floating wind farms in the Celtic Sea. This phase, which began on 8 August 2024, invites bidders to submit detailed plans for the construction of wind farms and their potential socio-economic contributions to coastal communities in South Wales and southwest England. The advancement to this phase was made possible by comprehensive environmental assessments conducted…
Mirova Gigaton Fund has committed USD 20 million in long-term debt financing to ManoCap Energy, a commercial and industrial (C&I) solar company based in Ghana, to support its expansion in West Africa. The funding will support ManoCap in consolidating its operations in Ghana and Sierra Leone and facilitate expansion into neighbouring countries such as Nigeria, Ivory Coast, Guinea, Liberia, and Togo.
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