News on clean energy technologies and policies. This category covers developments in solar, wind, hydro, geothermal, and bioenergy, along with market trends, investments, and innovations driving the global transition to sustainable power.
Powerica Limited has signed a Power Purchase Agreement (PPA) with Gujarat Urja Vikas Nigam Limited (GUVNL) for the development of a 100 MW wind power project in Gujarat. According to the company’s regulatory filing, the project will be developed at a tariff of Rs 3.435/kWh under a 25-year PPA and has a stipulated execution timeline…
Global investment firm Brookfield has launched Lumara, a new renewable energy development platform in India, backed by an investment of approximately $600 million. Lumara will begin operations with a development portfolio exceeding 6 GW across solar, wind and battery energy storage system (BESS) projects. According to Brookfield, the platform is intended to address several constraints…
The Indian Wind Turbine Manufacturers Association (IWTMA) has outlined a policy roadmap for Tamil Nadu focused on wind repowering, manufacturing expansion, transmission infrastructure, offshore wind development and exports as the state looks to build on its established position in India’s wind energy sector. The industry body has commissioned a report titled “Action Items for Energy…
Avaada Group has achieved financial closure of approximately USD 1.3 billion for a 2,150 MW renewable energy portfolio comprising hybrid and utility-scale solar projects in Gujarat and Maharashtra. The integrated energy transition company secured the financing from State Bank of India (SBI), REC Limited and Canara Bank across four Special Purpose Vehicles (SPVs), according to…
BluPine Energy has signed long-term Open Access Power Purchase Agreements (PPAs) with Craftsman Automation and Sunbeam Lightweighting Solutions Pvt. Ltd for the supply of 21 MWp of solar power from its Rajasthan project. The agreements will support the captive renewable energy requirements of Craftsman Automation and Sunbeam Lightweighting Solutions, supplying solar power to their manufacturing…
SVOLT Energy Technology has secured an energy storage project of more than 700 MWh from Adani Green Energy Limited (AGEL) in India, covering a demonstration station in Mumbai and a large-scale storage system at the Khavda renewable energy park in Gujarat. The project will use SVOLT’s self-developed 350Ah second-generation battery cells and a dual-layer liquid…
Tata Power Renewable Energy Limited (TPREL), a subsidiary of The Tata Power Company Limited, has conducted the groundbreaking ceremony for an 800 MW renewable energy project in Andhra Pradesh involving an investment of Rs 5,750 crore. The project comprises 400 MW of solar capacity at Pattikonda in Kurnool and 400 MW of wind capacity at…
Mecpower Solutions Ltd has signed a Memorandum of Understanding (MoU) with the Government of Gujarat to establish a 5 GWh Battery Energy Storage System (BESS) assembly facility at Karjan, with an envisaged investment of around Rs 160 crore. The Gujarat-headquartered integrated renewable energy infrastructure company plans to use the proposed facility to cater to utility-scale…
Ravindra Energy Limited has executed a loan agreement with Tata Capital Limited for a term loan facility of up to Rs 100 crore to fund investments in its solar project Special Purpose Vehicles (SPVs). The financing will be used for investment requirements at the solar project SPVs and is separate from project finance loans raised…
NTPC Green Energy Limited (NGEL), a subsidiary of NTPC Limited, has declared commercial operation of the third part capacity of 50 MW solar capacity at a 100 MW Renewable Energy Round The Clock (RTC) project in Rajasthan. The capacity forms part of the project’s cumulative 150 MW solar component and became commercially operational from 00:00…