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Hero, Zelestra, Juniper, ReNew, Avaada declared winners of SJVN’s 1.2 GW FDRE II Auction

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Hero Solar Energy, Ganeko Solar (Zelestra), Juniper Green Energy, ReNew, and Avaada have emerged as winners in SJVN’s auction for supplying 1,200 MW of firm and dispatchable power. The power will come from inter-state transmission system (ISTS)-connected renewable energy projects with energy storage systems, under the FDRE II competitive bidding. Juniper, ReNew, Zelestra, and Hero secured 200 MW, 150 MW, 140 MW, and 120 MW, respectively, at Rs 4.25 per kWh. Avaada was awarded 590…

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SJVN Green issues tender for 200 MW solar projects in Gujarat

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SJVN Green Energy (SGEL), a subsidiary of SJVN, has invited bids for the engineering, procurement, and construction (EPC) of up to 200 MW of solar photovoltaic projects under GUVNL Phase XXII in Gujarat. The deadline for bid submission is November 5, 2024.  The contract includes a three-year operation and maintenance (O&M) period. In recent months, SJVN has also issued tenders for a 5.8 MW grid-connected rooftop solar project and signed an MoU for a 900…

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IREDA receives approval to launch subsidiary for retail renewable energy business

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The Indian Renewable Energy Development Agency (IREDA) has received in-principle approval from the Department of Investment and Public Asset Management (DIPAM) to establish a wholly-owned subsidiary focused on retail and B2B renewable energy sectors.  This new entity will manage initiatives under PM-Suryaghar (Rooftop Solar), PM-KUSUM schemes, and other B2C segments, while also exploring emerging sectors such as electric vehicles (EVs), energy storage, and green technologies.

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Indore on a 100-day mission to become world’s first energy-literate city

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Starting December 1, Indore will embark on a transformative initiative, the ‘Indore Climate Mission’, to establish itself as the world’s first energy-literate city. The campaign, led by the Indore Municipal Corporation in partnership with the Energy Swaraj Foundation, aims to engage 3.5 million residents in reducing carbon emissions through sustainable practices in their daily lives. The first phase, lasting 100 days, will focus on training residents in energy conservation techniques. Led by Professor Chetan Singh…

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Indian auto sector records $1.9 billion in deals in Q3 2024, highest since 2021

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The Indian auto sector saw 32 deals worth $1.9 billion in the July-September 2024 period, marking its highest quarterly activity since Q4 2021, according to a report by Grant Thornton Bharat. This surge highlights the sector’s resilience and investor appeal, driven by three high-value deals worth $300 million. Mergers and acquisitions (M&A) activity included six deals valued at $74 million, reflecting a 20% increase in volumes and 30% growth in value from Q2. Strategic investments…

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IIT Madras and Hindustan Zinc partner to develop zinc-air battery

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The Indian Institute of Madras (IIT-M) and Hindustan Zinc have signed a Memorandum of Understanding (MoU) to jointly develop a 1 kWh electrically rechargeable zinc-air battery prototype. Zinc-air batteries, known for their long-duration storage, durability, and affordability compared to lithium-ion batteries, are emerging as a promising alternative in energy storage. Zinc, a more cost-effective material than lithium, offers significant advantages in performance and economic viability. Arun Misra, CEO of Hindustan Zinc, highlighted zinc’s crucial role…

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Premier Energies signs MSA with BN Hybrid Power-1 for Rajasthan project

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Premier Energies International Private Limited, a subsidiary of Premier Energies Limited, has entered into a module supply agreement (MSA) with BN Hybrid Power-1 Private Limited, a special purpose vehicle of BrightNight India.  Under this agreement, Premier Energies will supply 173.35 MWp of solar modules featuring Topcon technology for BN Hybrid Power-1’s 300 MW renewable energy project in Barmer, Rajasthan. The supply of these modules is set to begin in July 2025.

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GAIL invites bids for 7.75 MW floating solar project in Madhya Pradesh

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GAIL India has issued a tender for a 7.75 MW grid-connected floating solar project in Vijaipur, Madhya Pradesh, with a bid submission deadline of October 29, 2024. The project will be located within the GAIL Vijaipur complex. The successful bidder will handle the design, engineering, procurement, construction, testing, commissioning, and operation and maintenance (O&M) of the project for five years. A central monitoring and control station with SCADA and associated equipment must also be constructed.  …

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CMPDI invites bids for 5 MW floating solar project in West Bengal

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The Central Mine Planning and Design Institute (CMPDI), a subsidiary of Coal India, has invited bids to develop a 5 MW grid-connected floating solar project at the quarry sump of Dalmia OCP in the Salanpur Area of West Bengal for Eastern Coalfields. The last date for bid submission is October 24, 2024. The project has an estimated tender value of Rs 310.14 million, with bidders required to submit an earnest money deposit of Rs 3.87…

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NHPC floats tender for 1.2 GW ISTS-connected solar power projects

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NHPC Limited has issued a tender for setting up 1.2 GW of interstate transmission system (ISTS)-connected solar power projects across India, with an optional greenshoe capacity (Tranche-IX). The projects can be located anywhere in India, with a bid submission deadline of November 4, 2024. The maximum capacity a bidder can secure is 600 MW, extendable to 1200 MW with the greenshoe option. For projects in northeastern states and special category regions, the minimum capacity is…