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UltraTech acquires stake in AMPIN solar project in Odisha
UltraTech Cement Limited has acquired a 26% equity stake in AMPIN C&I Power Forty Four Private Limited, a special purpose vehicle (SPV) developing a 45 MWp direct current (DC) / 30 MW alternating current (AC) solar power project with battery storage in Kalahandi district, Odisha. The investment, valued at up to Rs 15.12 crore, is…
Jindal Power to acquire Bhadreshwar Vidyut for Rs 5 billion
Jindal Power Limited (JPL) has received a Letter of Intent (LoI) to acquire Bhadreshwar Vidyut Private Limited for Rs 5 billion. The Gujarat-based thermal power company operates the Kutch Coal-Based Power Project and was undergoing a corporate insolvency resolution process (CIRP). Bhadreshwar Vidyut, formerly known as OPG Power Gujarat Private Limited (OPGL), is a subsidiary…
ACME Solar commissions Phase III of Bikaner BESS project
ACME Solar Holdings Limited has commissioned the third phase of its battery energy storage system (BESS) project at Jaimalsar village in Bikaner district, Rajasthan. The phase adds 11.429 MW / 51.354 MWh to the project’s operational capacity. The commissioning was carried out through ACME Surya Power Private Limited, a wholly owned subsidiary of ACME Solar…
Energy Vault to build 57MW battery storage project in Texas
Energy Vault has announced plans for a 57MW/114MWh battery energy storage system (BESS), named Cross Trails BESS, to be built in Scurry County, Texas. Construction is scheduled to begin in Q1 2025, with commercial operations expected by mid-2025. Energy Vault will build, own, and operate the project using its X-Vault integration platform, UL9540-certified B-VAULT product,…
Airox Nigen launches 600 MW solar module line in Haryana
Airox Nigen has established a 600 MW solar module manufacturing line in Rohnat, Haryana, as part of its larger 2 GW renewable energy project. According to the company, the facility, located in a 17-acre renewable energy park, is positioned to become a significant hub for sustainable energy innovation. The 600 MW facility will serve as…
MNRE invites proposals to set up R&D facilities for green hydrogen
The Ministry of New and Renewable Energy (MNRE) has issued a call for proposals to establish Centers of Excellence (CoEs) under the National Green Hydrogen Mission’s (NGHM) Research and Development (R&D) programme, with a deadline of December 19, 2024. Selected entities will receive financial support covering up to 50 per cent of project costs, aimed…
