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India | News

Honeywell to provide building automation solutions for Exide Energy’s lithium-ion gigafactory
By December 19, 2024December 19, 2024

Honeywell has secured a contract to deliver building automation solutions for Exide Energy Solutions Ltd (EESL), a subsidiary of Exide Industries Ltd. The project will involve deploying Honeywell’s Enterprise Buildings Integrator (EBI) platform for centralized monitoring and control of the 80-acre lithium-ion gigafactory campus in Bengaluru. These solutions will enhance operational efficiency, improve incident response,…

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India | News

CERC grants final transmission licence to PGCIL’s Bhadla-III Transmission
By December 19, 2024December 19, 2024

The Central Electricity Regulatory Commission (CERC) has granted a final transmission licence to “Bhadla-III Transmission Ltd,” a wholly-owned TBCB subsidiary of Power Grid Corporation of India Ltd (PGCIL). The licence, issued on December 15, 2024, is valid for 25 years unless revoked earlier. Bhadla-III Transmission Ltd is developing an ISTS scheme titled “Additional transmission system…

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India | News

Seven firms win bids for 500 MW solar projects under GUVNL Phase XXV
By December 19, 2024December 19, 2024

On December 19, 2024, Gujarat Urja Vikas Nigam Limited (GUVNL) announced the winners of its 500 MW Solar Photovoltaic (PV) Power Projects under Phase XXV without energy storage systems (ESS). The successful bidders are: Drashta Green Power Limited: 10 MW at Rs 2.55 per kWh S.B.B. Mouldings Private Limited: 10 MW at Rs 2.55 per…

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India | News

Federal Bank and Ecofy collaborate to finance MSME solar projects
By December 19, 2024December 19, 2024

Federal Bank has partnered with Ecofy, a green-focused NBFC backed by Eversource Capital, to offer financing solutions for MSMEs investing in rooftop solar installations. The program targets financing 3,600 kW of rooftop solar annually, focusing on installations in the 20-200 kW range, a segment often underserved by lenders. This initiative is expected to reduce over…

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India | News

KPIL raises Rs 10 billion via QIP
By December 19, 2024December 19, 2024

Kalpataru Projects International Limited (KPIL) has successfully raised Rs 10 billion through a qualified institutional placement (QIP). The proceeds will be used to strengthen the company’s balance sheet, improve financial flexibility, and support its growth initiatives.

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India | News

Powergrid to raise up to Rs 42.50 billion via 10-year bonds
By December 19, 2024December 19, 2024

Power Grid Corporation of India Limited (PGCIL) has approved raising up to Rs 42.50 billion through the private placement of bonds. The funds will be raised under the Powergrid bonds – LXXX (80th Issue), which are unsecured, non-convertible, non-cumulative, redeemable, and taxable. The issue includes a base size of Rs 10 billion and a green…

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India | News

India’s renewable energy capacity addition doubles to 15 GW in FY24
By December 19, 2024December 19, 2024

India has added nearly 15 GW of renewable energy capacity between April and November this financial year, almost double the 7.54 GW added during the same period last year. Speaking at the CII International Energy Conference 2024, Union Minister Pralhad Joshi highlighted India’s growing leadership in the global clean energy sector. The country’s installed non-fossil…

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India | News

Sembcorp wins solar plus BESS project from SECI
By December 19, 2024December 19, 2024

Sembcorp Green Infra (SGIPL), a unit of Sembcorp Industries, has secured a 150 MW solar project with a 300 MWh battery energy storage system (BESS) from Solar Energy Corporation of India (SECI). SGIPL has received the letter of award (LoA) for the project. This marks Sembcorp’s first solar-BESS hybrid project in India, bringing its gross…

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Global | News

VCI Global plans 100 MW solar projects across Southeast Asia and Europe
By December 18, 2024December 18, 2024

VCI Global aims to develop and acquire up to 100 MW of solar photovoltaic (PV) projects across Southeast Asia and Europe within the next five years, generating an estimated $200 million in revenue over 20 years. The company plans to source at least 70 percent of this capacity from projects in Malaysia, leveraging government programs…

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Global | News

Lightsource bp begins construction on Goulburn River Woolooga BESS
By December 18, 2024December 18, 2024

Lightsource bp has commenced construction on its Goulburn River hybrid solar project and Woolooga battery energy storage system (BESS) in New South Wales and Queensland, Australia, respectively. These projects integrate solar power with battery storage to provide reliable renewable energy solutions. The Goulburn River solar farm, with a capacity of 585 MW, will generate 1.3…

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