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CSEP study warns green tariffs could strain India’s power distribution companies
A report by the Centre for Social and Economic Progress (CSEP) highlights potential financial challenges for India’s power discoms from the Ministry of Power’s plan to introduce green tariffs. The green tariffs aim to encourage renewable energy adoption, but CSEP warns that this shift could financially hurt discoms, especially if high-paying commercial and industrial consumers opt for cheaper green energy alternatives. According to the study, green tariffs could lead to a 15% financial loss of…
Refex Green acquires full ownership of Sherisha Solar SPV Two
Refex Green Power Limited (RGPL), a wholly-owned subsidiary of Refex Renewables & Infrastructure Limited, has acquired the remaining 51% equity stake in Sherisha Solar SPV Two Private Limited. This acquisition increases RGPL’s ownership to 100%, making Sherisha Solar SPV Two a fully-owned step-down subsidiary.
Nala Renewables acquires 99.2 MW onshore wind project in Romania
Nala Renewables, a global power and renewable energy investment platform, has announced the acquisition of a 99.2 MW onshore wind project from OX2. This project, located in eastern Romania, is expected to begin construction in the third quarter of 2024. This acquisition marks Nala’s third transaction in Central and Eastern Europe (CEE) during 2024, reinforcing its focus on the region, where it has a portfolio exceeding 1.5 GW of renewable energy projects. The project will…
ADB approves USD 241.3 million for electricity distribution in West Bengal
The Asian Development Bank (ADB) has approved a USD 241.3 million financing package to enhance electricity distribution in West Bengal, ensuring a reliable and sustainable power supply. This program aligns with the revamped distribution sector scheme (RDSS) to strengthen operational efficiency in power distribution companies. The West Bengal Distribution System Strengthening Program will cover seven districts, benefiting 8.96 million consumers. Key components of the program include replacing low-tension overhead lines with aerial bundled cables, establishing…
Adani Group merges two energy subsidiaries with Adani New Industries
Adani Group has merged two of its subsidiaries, Adani Infrastructure and Mundra Solar Technology, with Adani New Industries Limited (ANIL), a subsidiary of Adani Enterprises (AEL). ANIL is expanding its solar manufacturing capabilities by setting up facilities to produce solar glass, aluminium frames, and backsheets. TotalEnergies holds a 25% equity stake in ANIL, while AEL owns the rest. Adani Infrastructure focuses on thermal and solar power projects, while Mundra Solar Technology manages electricity production and…
Huasun Energy to supply 1 GW of HJT solar modules for Power China’s offshore PV project
Huasun Energy has secured a 1 GW contract to supply its n-type heterojunction (HJT) solar modules to Power China for offshore solar projects in Aoshan Bay, Jimo District, Qingdao, Shandong Province. Known for challenging soft soil conditions, the region requires modules with high water resistance, corrosion protection, and durability. Huasun’s G12-132 V-Ocean HJT solar modules, with a 720 W output, feature advanced waterproofing through butyl adhesive and UV-resistant junction boxes that provide salt mist protection,…