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Avaada secures financial closure for three renewable energy projects
Avaada Group has achieved financial closure for three utility-scale renewable energy projects, with total debt sanctions approaching USD 950 million. The portfolio includes what the company described as India’s largest financing transaction in the Firm and Dispatchable Renewable Energy (FDRE) segment. The projects include an FDRE project in Bikaner, Rajasthan, being developed under a long-term…
Juniper Green commissions 60 MWh of merchant storage project in Bikaner
Juniper Green Energy Limited has started operations of 60 MWh of its 100 MWh Battery Energy Storage System (BESS) project in Bikaner, Rajasthan, marking the company’s entry into merchant energy storage operations. The BESS project has been developed through Juniper Green Energy’s subsidiary, Juniper Green Cosmic Private Limited. This is the company’s first operational merchant…
Odisha seeks early approval of Rs 3,069 crore for power upgrades
The Odisha government has requested early clearance of Rs 3,069 crore under the revamped distribution sector scheme (RDSS) to strengthen its power distribution system and reduce technical and commercial losses. The proposed funding will support infrastructure modernisation, prepaid smart metering for consumers, and system-level metering. The plan aligns with RDSS goals to improve power reliability…
Poland finalizes energy storage subsidy program for 5 GWh deployment
Poland’s Ministry of Climate and Environment has finalized its long-awaited energy storage subsidy program to support the deployment of more than 5 GWh of energy storage across the country. The new regulation was published in the Journal of Laws of the Republic of Poland on March 7, setting the stage for the National Fund for…
KEGOC secures KZT141 billion funding for West Kazakhstan project
Kazakhstan Electricity Grid Operating Company (KEGOC) has signed loan agreements with the European Bank for Reconstruction and Development (EBRD) and the Development Bank of Kazakhstan for a total of KZT141 billion. Of this, up to KZT32 billion is from the Development Bank of Kazakhstan. The funds will support the West Kazakhstan Electricity Interconnection Project, which…
Suzlon secures 195 MW repeat order from Sunsure Energy
Suzlon Energy Limited has secured a repeat order of 195 MW from Sunsure Energy, taking total sales of its 3 MW platform to nearly 9 GW. The project will be developed in the Bijapur district of Karnataka and will further expand the partnership between the two companies to nearly 300 MW across Maharashtra and Karnataka….
