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Ecozen secures $23 million debt funding for clean energy solutions
By January 17, 2025January 18, 2025

Ecozen, a clean energy technology company, has raised over $23 million in debt funding from investors including responsAbility Investments, Northern Arc Capital, and Maanaveeya Development & Finance. The funds will support the scaling of flagship solutions like Ecotron, Ecofrost, and advanced motor control systems, as well as domestic and international expansion. The company has achieved a compound annual revenue growth rate exceeding 83% over the last three years. Ecozen has manufactured over 300,000 Ecotron solar…

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Sun Drops Energia secures 62.2 MW solar project orders
By January 17, 2025January 18, 2025

Sun Drops Energia Private Limited, a subsidiary of KPI Green Energy Limited, has received orders to develop 62.2 MW of solar power projects under the captive power producer (CPP) business segment. The projects are aligned with the distributed renewable energy bilateral purchase policy and the Gujarat Renewable Energy Policy 2023. They are set to be completed in phases by the financial year 2025-26 as per the agreements.

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Exide Industries invests Rs 1499.90 million in lithium battery subsidiary EESL
By January 16, 2025January 18, 2025

Exide Industries Limited has invested Rs 1499.90 million in its subsidiary, Exide Energy Solutions Limited (EESL), through a rights-based equity subscription. This brings Exide’s total investment in EESL to Rs 33,022.3 million, including prior investments in the now-merged Exide Energy Private Limited. EESL issued 41,663,892 equity shares with a face value of Rs 10 each, at a premium of Rs 26 per share, aggregating to Rs 1,499.90 million. Despite this investment, Exide’s shareholding percentage in…

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KPI Green Energy targets early completion of 200 MW solar project
By January 16, 2025January 16, 2025

KPI Green Energy, which secured a 200 MW CTU-connected solar project from Gujarat Urja Vikas Nigam (GUVNL) in August 2023, aims for early completion. The power purchase agreement (PPA) was signed on March 1, 2024, with a scheduled commercial operation date (SCOD) between May 31, 2025, and November 30, 2025. Upon completion of the Khavda project, KPI’s operational IPP portfolio will grow from 171 MWp to 411 MWp, marking a significant milestone in renewable energy….

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Waaree Technologies wins order to supply 99 solar off-grid combos
By January 16, 2025January 16, 2025

Waaree Technologies has secured an order to supply 99 solar off-grid combos to a trading customer. The order, placed on January 15, 2025, requires delivery within three months. The solar off-grid combo includes batteries, solar panels, inverters, and other essential components. The off-grid combo is designed for efficient energy storage and utilization, supporting businesses in achieving energy independence.

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Hartek Group secures rooftop solar contract for Hindustan Coca-Cola plant
By January 16, 2025January 16, 2025

Hartek Group’s commercial and industrial rooftop solar division has secured an 8 MW solar EPC contract in Jammu & Kashmir. The project, awarded by Kandhari Beverages Private Limited, a bottling plant of Hindustan Coca-Cola, is under execution and expected to be commissioned within the current quarter. The project includes engineering and design, procurement of solar modules, inverters, and associated equipment, testing and commissioning, and operations and maintenance. It is projected to generate one million units…

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TREDA targets 10,895 solar-powered pumps
By January 16, 2025January 16, 2025

The Tripura Renewable Energy Development Agency (TREDA) has set a target of installing 10,895 solar-powered pumps for irrigation in rural farmlands under the PM KUSUM scheme. Of the target, 3,616 pumps have already been installed, providing irrigation to 7,232 acres of farmland and benefiting 3,616 marginal farmers. Work is underway for the installation of an additional 5,051 pumps, with steps being taken to establish the remaining 2,264 pumps as soon as possible. Once fully implemented,…

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NTPC commissions second part of solar projects in Rajasthan and Madhya Pradesh
By January 16, 2025January 16, 2025

NTPC Renewable Energy Limited (NTPC REL), a subsidiary of NTPC Limited, has declared the commercial operation of the second part capacities of two solar projects. The 60 MW capacity from the 320 MW Bhainsara solar project in Jaisalmer, Rajasthan, became operational on January 7, 2025, following the earlier commissioning of 160 MW on August 28, 2024. Meanwhile, the 50 MW capacity from the 220 MW Shajapur Solar Project (Unit-II) in Madhya Pradesh was declared operational…

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NHPC receives approval for Lanco Teesta Hydro Power merger
By January 16, 2025January 16, 2025

NHPC Limited has secured approval from the Ministry of Corporate Affairs (MCA) for the merger of Lanco Teesta Hydro Power with NHPC. The company also received a second insurance payment of Rs 2.50 billion related to business interruption losses from the October 2023 flash flood at the 510 MW Teesta-V Power Station. NHPC, India’s largest hydropower developer, continues to expand into solar and wind energy.

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Rajasthan allocates 4,000 hectares for 2,000 MW solar project
By January 16, 2025January 16, 2025

Rajasthan Chief Minister Bhajan Lal Sharma has approved the allocation of 4,000 hectares in Bodana village, Jaisalmer district, to the Rajasthan Solar Park Development Company for establishing a 2,000 MW solar power project. This initiative aligns with the state’s commitment to advancing renewable energy and supporting clean energy goals.

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