Author: Power Peak Digest Team Pub Date: January 8, 2025
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Mufin Green Finance to fund Rs 5 billion solar projects by 2026
Author: Power Peak Digest Team Pub Date: December 5, 2024 Mufin Green Finance has announced plans to finance Rs 5 billion worth of solar projects by 2026, marking its entry into the solar financing sector. The company recently closed its first solar financing deal worth Rs 32.5 million, supporting a rooftop solar installation at a manufacturing facility in Baroda, Gujarat, for a USD 3 billion company. Over the next two years, Mufin Green Finance aims…
INOXAP begins speciality gas supply to ReNew’s solar PV cell plant in Gujarat
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TVA signs 10-year PPA for 14 GWh carbon-free energy with Smoky Hydro
Author: Power Peak Digest Team Pub Date: November 21, 2024 The Tennessee Valley Authority (TVA), along with Argo Infrastructure Partners and Brookfield Asset Management, has finalized a 10-year power purchase agreement (PPA) for carbon-free energy from the Smoky Mountain Hydroelectric facilities. The agreement covers four hydroelectric dams—Cheoah, Calderwood, Chilhowee, and Santeetlah—jointly owned by Argo and Brookfield. Starting in 2025, Smoky will deliver over 14 gigawatt-hours of renewable energy annually to TVA customers, supporting TVA’s commitment…
Uttar Pradesh targets 14,000 MW solar power
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India’s data centre capacity set to double by FY27
Author: Power Peak Digest Team Pub Date: October 24, 2024 India’s data centre capacity is projected to reach 2,000-2,100 MW by FY27, driven by investments between Rs 500 billion and Rs 550 billion, according to Investment Information and Credit Rating Agency (ICRA). The current capacity is 950 MW, with NTT Global Data Centers, CtrlS Datacenters, STT Global, Sify Technologies, and Nxtra Data controlling 85 per cent of the market as of March 2024. Low data…
Renewable Power Capital secures refinancing for Klevberget wind farm in Sweden
Author: Power Peak Digest Team Pub Date: December 3, 2024 Renewable Power Capital (RPC) has closed a €115 million long-term refinancing package for its 146 MW Klevberget onshore wind farm in Västernorrland, Sweden. The refinancing, facilitated by the Nordic Investment Bank (NIB) and Danske Bank, replaces a short-term construction bridge loan, establishing a stable capital structure for RPC’s projects. The Klevberget wind farm, consisting of 24 turbines, began operations in December 2023 and marked RPC’s…