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MNRE clarifies no NOC needed for ESS merchant sale before RE commissioning
The Ministry of New and Renewable Energy (MNRE) has clarified that a No-Objection Certificate (NOC) from intermediary or end procurers is not required when energy storage system (ESS) power, charged from non-renewable sources, is sold through merchant or third-party routes before the associated renewable energy (RE) project is commissioned. In an office memorandum dated April…
IREDA raises JPY 28 billion ECB from SMBC Singapore
Indian Renewable Energy Development Agency Limited (IREDA) signed a facility agreement on Monday with Sumitomo Mitsui Banking Corporation (SMBC) Singapore Branch for an external commercial borrowing (ECB) of JPY 28 billion, including a green shoe option of JPY 12 billion, making the base facility JPY 16 billion. The borrowing is structured as a five-year unsecured…
Intersect Power, Google, and TPG Rise Climate to build clean energy
Intersect Power has partnered with Google and TPG Rise Climate to co-locate renewable energy infrastructure with data centres, aiming to meet the growing demand for clean power while reducing reliance on long-distance transmission. The initiative plans a $20 billion investment in renewable energy and storage by 2030, focusing on enhancing speed of deployment, grid reliability,…
SBWL grants conditional approval for Sharavathi pumped storage project
The State Board of Wildlife (SBWL), Karnataka, granted conditional approval to Karnataka Power Corporation Limited (KPCL) for the 2,000 MW Sharavathi Pumped Storage Hydel Project on January 28, 2025. The approval requires minimizing environmental damage within the Sharavathi Lion-Tailed Macaque Wildlife Sanctuary. The project, with an estimated cost of Rs 80.05 billion, will utilize…
Budget 2024-25 allocates funds for key power projects
The Budget 2024-25 has allocated funds for various power projects, including thermal, transmission, and hydro. Rs 2.51 billion is set for the Power Sector Reform Program (Subprogram 1). The Kudankulam Nuclear Power Plant has received Rs 10.19 billion and Rs 8.77 billion for Units 3 and 4, and Rs 19.69 billion and Rs 26.28 billion…
Adani Green commissions 150 MW solar project at Khavda
Adani Green Energy Limited has operationalised a 150 MW solar power project at Khavda, Gujarat, through its wholly owned stepdown subsidiary Adani Green Energy Twenty Five C Limited. The project was commissioned on May 10, 2026, and power generation commenced on the same day, according to the company. With the addition of the new project,…
