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…
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,…
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…
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.
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…
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…
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…
Solidus Techno Power Private Limited has secured a 29 MWp solar project in Bikaner, Rajasthan, marking its expansion beyond Punjab. The project will supply 40% of the electricity needed for a large industrial manufacturing facility in the region. Set to be completed by September 2025, the solar PV plant is expected to generate approximately 47…
Waaree Energies Limited has approved plans to establish a 300 MW electrolyser manufacturing facility and a 3.5 GWh lithium-ion Advanced Chemistry Storage Cell production plant. The electrolyser manufacturing project will be implemented under Waaree Clean Energy Solutions, a subsidiary of Waaree Energies, with a capital expenditure (CAPEX) of Rs 5.51 billion and an investment of…
UltraTech Cement has announced plans to source renewable energy through a captive arrangement with CleanMax’s special-purpose vehicle (SPV), Clean Max Sapphire. The company has acquired a 26% equity share in the SPV for Rs 457.6 million, entering agreements for energy supply, share subscription, and shareholder rights. The SPV will develop a 55 MW wind-solar hybrid…