Shree Cements to invest Rs 3,000 million in solar power project in Bihar
Shree Cements Limited is planning to establish a solar power project in Purnia, Bihar. The company will invest around Rs 3,000 million for the project’s development.
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Three firms win 600 MW contracts under SECI’s solar Tranche-XVIII
Three companies secured contracts totalling 600 MW for the development of 1,000 MW Inter-State Transmission System (ISTS)-Connected Solar Power Projects under Tranche-XVIII. ReNew Solar Power Private Limited (ReNew Power Ventures Private Limited) won 250 MW with a tariff of Rs 3.04 per kWh. ACME Solar Holdings Private Limited secured 300 MW with a tariff of…
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Refex Renewables issues Rs 1.05 billion NCDs
Refex Renewables & Infrastructure Limited has issued 105 senior, secured, unrated, unlisted, and taxable non-convertible debentures (NCDs) through private placement. The NCDs, with an aggregate value of Rs 1.05 billion, were allotted to the Northern Arc Emerging Corporates Bond Trust. They have a tenure of 20 months, starting from December 23, 2024, and maturing on…
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Six firms win bids for 816 MW solar projects under NTPC tender
Six companies have won bids to set up a total of 816 MW capacity under the 1,200 MW ISTS-Connected Solar Power Project (NTPC-02) anywhere in India, as announced on December 23, 2024. Bharat Petroleum Corporation Limited (BPCL) won 150 MW with a tariff of Rs 2.55 per kWh. Onward Solar Power Private Limited secured 50…
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India’s solar module manufacturing industry to see growth: CRISIL
India’s solar module manufacturing industry is poised for significant growth over the next five years, driven by domestic demand projected at 50-55 gigawatts (GW) annually from FY24 to FY30, according to a report by CRISIL. This growth will lead to oversupply, creating export opportunities starting from FY25. In FY24, India exported about seven GW of…
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Himachal CM reviews ongoing energy projects
Chief Minister Thakur Sukhvinder Singh Sukhu recently reviewed the progress of ongoing energy projects and emphasized the State Government’s focus on expanding green energy initiatives. He highlighted the development of a one MW Green Hydrogen Project in Nalagarh, Solan district, and the commissioning of a 32 MW Solar Power Project in Pekhubela, Una district, in…
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Hitachi Energy secures contracts for HVDC converter stations in Germany
Hitachi Energy has won contracts worth over €2bn ($2.08bn) with Amprion, a German transmission system operator, to supply four converter stations for two high-voltage direct-current (HVDC) links, V48 and V49. These links are integral to Germany’s clean energy transition, transporting power from the North Sea coast to the Ruhr Region, serving four million people. Hitachi…
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Orlen signs €244m deal with EIB for renewable energy grid expansion
Orlen has secured a second agreement with the European Investment Bank (EIB) for nearly 1bn zlotys ($244m) to fund its strategic electricity distribution network programme. The investment will enhance renewable energy connections, including the development of 1,000 new EV charging points and an expansion of grid capacity to integrate 1.4GW of clean energy, powering 900,000…
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EDF connects Flamanville 3 nuclear reactor to France’s power grid
EDF has integrated the Flamanville 3 nuclear reactor into France’s national power grid, marking the first expansion of the country’s nuclear network in 25 years. The reactor was connected on 21 December 2024, producing 100MW of electricity. With a capacity of 1.6GW, Flamanville 3 is France’s largest nuclear reactor and one of the most powerful…
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Iberdrola secures green loan for photovoltaic plant in Sicily
Iberdrola has finalized a €100m ($103m) green loan agreement with the European Investment Bank (EIB), guaranteed by SACE under the Archimede scheme, to construct a new photovoltaic plant in Sicily, Italy. This marks the first collaboration between the EIB and Iberdrola backed by SACE. The plant, expected to be operational by 2025, will have a…