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Gensol secures Rs 8.97 billion solar EPC contract from NTPC
By December 30, 2024December 30, 2024

Gensol Engineering Limited has won a Rs 8.97 billion contract from NTPC Renewable Energy Limited to develop a 225 MW grid-connected solar project. The project will be executed on an engineering, procurement, and construction (EPC) basis at the Gujarat State Electricity Corporation Limited Solar Park (Stage-III) in Khavda, Rann of Kutch, Gujarat. The contract includes project development and operations and maintenance services for three years.

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Trichy inaugurates its first solar power plant
By December 30, 2024December 30, 2024

Trichy has commissioned its first solar power plant at Panjapur, a Rs 500 million project under the Smart Cities Mission. Municipal administration minister K N Nehru inaugurated the plant to reduce the city’s annual electricity expense by Rs 90 million by feeding generated power into Tangedco’s grid. The 9.6 MW solar plant spans 33 acres near the Trichy-Madurai national highway and features 29,328 panels mounted on concrete pillars. It includes four generation units, each with…

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NGT issues notice on safe disposal of solar panel waste
By December 30, 2024December 30, 2024

The National Green Tribunal (NGT) has issued a notice to the Central government over the lack of infrastructure for the safe disposal and recycling of damaged or end-of-life Photovoltaic (PV) solar panels. A bench led by Justice Prakash Shrivastava and Dr A. Senthil Vel highlighted the environmental hazards of improper disposal, including burying panels in agricultural fields or sending them to landfills, which degrade soil quality. Notices were served to the Ministry of Environment, Forest…

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NTPC begins 37.5 MW operations at Gujarat solar project
By December 30, 2024December 30, 2024

NTPC Renewable Energy Ltd (NTPC REL), a step-down subsidiary of NTPC Ltd, has commenced commercial operations of 37.5 MW capacity, the first part of its 200 MW Gujarat Solar PV Project in Sadla, Gujarat, effective December 21, 2024. This addition increases NTPC Group’s total installed and commercial capacity to 76,598.18 MW. NTPC aims to achieve 50% non-fossil fuel-based generation capacity in its portfolio by 2032.

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Hero Future Energies commissions 29 MW solar project in Karnataka
By December 30, 2024December 30, 2024

Hero Future Energies (HFE) has commissioned a 29 MW solar power project in Chitradurga, Karnataka, which will generate 33 million units of clean energy annually and reduce carbon dioxide emissions by 31,624 tonnes each year. This open-access solar project caters to the Commercial and Industrial (C&I) sector’s energy needs. Srivatsan Iyer, Global CEO of HFE, highlighted the project’s role in expanding the company’s footprint in Karnataka and supporting industrial decarbonisation. “This is a milestone in…

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JSW Neo Energy to acquire 4,696 MW renewable platform from O2 Power
By December 30, 2024December 30, 2024

JSW Neo Energy, a subsidiary of JSW Energy, has signed an agreement to acquire a 4,696 MW renewable energy platform from O2 Power for Rs 124.68 billion. O2 Power is a joint venture of EQT Infrastructure and Temasek. The acquisition involves O2 Power Midco Holdings and O2 Energy SG and requires approval from the Competition Commission of India (CCI) and other regulatory clearances. The renewable energy portfolio includes 2,259 MW operational by June 2025, 1,463…

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Avaada Energy to raise Rs 84 billion for renewable projects
By December 27, 2024December 27, 2024

Avaada Energy Private Limited plans to raise Rs 84 billion (USD 1 billion) in debt by March 2025 to fund its wind, solar, and other renewable projects. Equity for these projects has already been secured. The company also intends to develop pumped storage projects (PSPs) in Rajasthan and Odisha.

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PFCCL forms SPV for Mundra transmission system
By December 27, 2024December 27, 2024

PFC Consulting Limited (PFCCL) has incorporated Mundra I Transmission Limited, a special purpose vehicle (SPV), for developing the transmission system to supply power to Green Hydrogen and Ammonia manufacturing facilities in the Mundra area of Gujarat (3 GW) under Phase-I Part B1. This was announced on December 27, 2024. PFCCL has been designated as the bid process coordinator (BPC) to select a transmission service provider (TSP) through the tariff-based competitive bidding (TBCB) process.

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Oil India to set up subsidiary for green energy foray
By December 26, 2024December 26, 2024

Oil India Limited (OIL) has announced the establishment of a wholly-owned subsidiary, OIL Green Energy, to manage its green and alternative energy ventures. The company plans to invest Rs 250 billion by 2040 to diversify into renewable energy and decarbonisation technologies. The subsidiary will oversee initiatives in biofuels, green hydrogen, renewable energy, carbon capture utilization and storage (CCUS), methanol, and geothermal energy. OIL aims for non-fossil fuel energy to constitute 5-7% of its total energy…

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ACME Solar secures Rs 19.88 billion financing from PFC
By December 26, 2024December 26, 2024

ACME Solar has secured Rs 19.88 billion in term finance from Power Finance Corporation Ltd (PFC) for the development of a 300-MW wind-solar hybrid renewable energy project. ACME Renewtech Pvt Ltd, a subsidiary of ACME Solar Holdings Ltd, will utilize Rs 1.99 billion in financing for the project’s construction. The solar capacity will be developed in Bikaner, Rajasthan, while wind sites will be in Bhuj, Gujarat. The project already has a signed power purchase agreement…

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