|

Matrix Renewables secures EUR 50 million EIB loan for solar projects in Spain

Matrix Renewables has obtained a EUR 50 million (USD 54.6 million) green loan from the European Investment Bank (EIB) to finance new solar projects in Spain. The funds will support the design, construction, and operation of five solar farms with a total capacity of 240 MW in Castile and Leon and Extremadura, regions with lower-than-average EU per-capita income. The solar farms are expected to be operational by the end of 2025. This loan aligns with…

|

Enlight Renewable secures financing for Atrisco Solar and storage project in New Mexico

IPP Enlight Renewable Energy has secured financing for the 1.2 GWh battery energy storage system (BESS) component of its Atrisco solar and storage project in New Mexico, USA. The project, located near Albuquerque, includes a 364 MW solar facility and a 1.2 GWh BESS, with a total construction cost of USD 827 million—USD 458 million for the BESS and USD 369 million for the solar component. The 1,700-acre project is expected to reach full commercial…

|

EDP Renewables Commissions 200 MW Brittlebush Solar Park in Arizona 

EDP Renewables North America (EDPRNA), in collaboration with Salt River Project (SRP) and Meta, has commissioned the 200 MW Brittlebush Solar Park near Coolidge, Arizona. The entire capacity of Brittlebush is designated to support Meta’s data centre in Mesa, Arizona. Meta will also receive capacity from SRP’s 100 MW West Line Solar Facility and the 300 MW solar plus battery Eleven Mile Facility, aiding Meta in achieving its 100 per cent renewable and net-zero goals.

|

Masdar and SOCAR achieve financial close for 760MW solar projects in Azerbaijan

Masdar and SOCAR Green have achieved financial close for two solar projects in Azerbaijan: the 445MW Bilasuvar plant and the 315MW Neftchala plant, with a combined capacity of 760MW. The total investment for the projects exceeds $600 million, funded by the European Bank for Reconstruction and Development, the Asian Development Bank, and the Asian Infrastructure and Investment Bank. The financial agreements were signed during the COP29 conference in November 2024 in Baku, Azerbaijan. Groundbreaking for…

|

SEC to build publicly owned renewable energy park in Horsham, Australia

The State Electricity Commission (SEC) has announced plans to construct the SEC Renewable Energy Park – Horsham, one of Australia’s first 100 per cent publicly owned utility-scale renewable energy projects. The solar and storage facility aims to supply affordable and reliable renewable energy to power approximately 51,000 homes annually, supporting the transition to a clean energy grid. The project, built in partnership with OX2, will be developed in two phases. Phase one involves installing over…

|

SJVN inks MoU with Rajasthan government for 7 GW renewable energy projects

SJVN has signed a Memorandum of Understanding (MoU) with the Energy Department of Rajasthan to advance renewable energy development in the state. As part of the MoU, SJVN will develop 5 GW of pumped storage projects and 2 GW of floating solar projects in Rajasthan. The agreement was formalized in the presence of Rajasthan’s Chief Minister, Bhajan Lal Sharma, and signed by Akhileshwar Singh, Director (Finance) SJVN, and Om Kasera, Managing Director of RRECL. SJVN…

|

MNRE sets new terms for rooftop solar CFA under PM Surya Ghar Yojana

The Ministry of New and Renewable Energy (MNRE) has issued specific guidelines for real estate developers and promoters to access Central Financial Assistance (CFA) under the PM Surya Ghar: Muft Bijli Yojana (PMSGY). The initiative aims to promote widespread adoption of rooftop solar installations in residential housing complexes. According to the new terms, developers must provide an undertaking that the rooftop solar assets supported under the PMSGY will be handed over to the respective group…

|

Datta Infra commits Rs 50 billion to Rajasthan’s renewable energy sector

Datta Power Infra has signed a memorandum of understanding (MoU) to invest Rs 50 billion in Rajasthan’s renewable energy sector during the Rising Rajasthan 2024 event. The project will focus on developing 1,000 MW of renewable energy capacity, including solar, wind, and hybrid power projects across key districts such as Bikaner, Jaisalmer, Barmer, Nagaur, Pratapgarh, and Jodhpur. These initiatives will integrate with the State Transmission Utility (STU) for efficient energy distribution. Additionally, a significant portion…

|

MoEFCC eases compliance for renewable energy projects

The Ministry of Environment, Forests, and Climate Change (MoEFCC) has simplified compliance requirements for renewable energy projects. Solar module manufacturing units, solar and wind power projects, and mini hydel projects under 25 MW are now exempt from obtaining Environmental Clearance (EC) and Consent to Establish (CTE). Additionally, projects with an EC will no longer require a separate CTE or Consent to Operate, reducing duplication in the process. A standard operating procedure will integrate CTE considerations…

|

Adani Group to invest USD 35 billion in renewable energy over five years

The Adani Group has announced plans to invest USD 35 billion over the next five years to establish large-scale renewable energy plants across India.  The focus will be on solar, wind, and hybrid energy systems, aiming to play a significant role in the global energy transition. Sagar Adani, Executive Director of Adani Green Energy, revealed this initiative during a CEO panel discussion at the SBI Economic Conclave. He described it as one of the world’s…