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Renewable energy developers commit massive capacity investments at RE-Invest 2024

India, News

At the RE-Invest event in Gandhinagar, Gujarat, several renewable energy developers have made significant capacity creation commitments as part of their “Shapath Patra” agreements with the government. Reliance Industries (RIL) has pledged to set up 100,000 MW of additional renewable capacity by 2030, alongside manufacturing 20,000 MW per year of integrated solar PV and equivalent glass capacity. Other major commitments include: NTPC Ltd: 41,300 MW ReNew: 40,000 MW Adani Green Energy: 38,300 MW Hero Future…

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Tata Motors, Tata Power to roll out 200 fast chargers for electric commercial vehicles

India, News

Tata Power EV Charging Solutions Limited, a subsidiary of Tata Power Renewable Energy Limited, has signed a Memorandum of Understanding (MoU) with Tata Motors to establish 200 fast-charging stations for electric commercial vehicles across major metropolitan cities, including Mumbai, Delhi, Chennai, Bengaluru, and Kolkata.   As part of the initiative, Tata Motors and Tata Power will offer exclusive charging tariffs to Tata Motors’ electric commercial vehicle owners, reducing operational costs and enhancing profitability. The planned expansion…

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Grew Energy to supply TOPCON modules for BluPine Energy’s solar project in Gujarat

India, News

Grew Energy has signed a module supply agreement with BluPine Energy Private Limited for a solar project in Banaskantha, Gujarat. Grew Energy will provide BluPine with advanced TOPCON modules, commonly used in commercial and industrial solar power projects. In May 2024, Grew Energy announced plans to build a fully backward-integrated manufacturing plant in Kathua, Jammu & Kashmir, with an investment of Rs 4.5 billion. BluPine Energy, which has a 4 GW renewable energy portfolio in…

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Tata Power’s subsidiary begins solar cell production in Tamil Nadu

India, News

TP Solar, a subsidiary of Tata Power Renewable Energy (TPREL), has commenced commercial production at its 2 GW solar cell manufacturing facility in Tirunelveli, Tamil Nadu, marking it as the largest single-location solar cell and module plant in India.   The plant currently has a 2 GW production capacity, which will expand by another 2 GW in the coming weeks. The Tirunelveli plant, with a total cell and module manufacturing capacity of 4.3 GW, has produced…

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Indian metal companies race to secure renewable energy amid EU carbon regulations

India, News

Indian steel and metal companies are rushing to secure renewable energy deals to cut carbon emissions and avoid penalties under the EU’s upcoming Carbon Border Adjustment Mechanism (CBAM). This demand extends beyond large steel and aluminium companies to their suppliers, aiming to reduce emissions across their supply chains. Renewable energy providers report that demand outstrips current capacity, with new projects already sold out for the next few years. Avaada chairman Vineet Mittal indicated that due…

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Tata Power Solar partners with ICICI Bank to offer loans for solar panel purchases

India, News

Tata Power Solar Systems (TPSSL), a leading solar company in India and a subsidiary of Tata Power Renewable Energy, has partnered with ICICI Bank to offer loans for purchasing solar panels. This collaboration aims to make sustainable energy solutions more accessible and affordable for residential and corporate customers. ICICI Bank will provide customized financial solutions with attractive interest rates for purchasing solar panels from TPSSL. Customers can avail of loans up to Rs 90 lakh…

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Bangladesh’s Summit Group to renegotiate renewable power deals with India

India, News

Summit Group of Bangladesh plans to renegotiate deals to import renewable power from India following a recent policy change by New Delhi. The new rule allows power generators that previously exported all their electricity to sell locally. This change has prompted Summit to reconsider its investments, as Indian partners may now prefer selling power within India. Summit had signed preliminary deals with Indian firms, including Tata Power Renewable Energy Ltd, to develop 1,000 MW of…

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TP Parivart signs PDA with Tata Steel for 70 MW solar plant

India, News

TP Parivart has signed a Power Delivery Agreement (PDA) with Tata Steel for a 70 MW group captive solar power plant in Akola, Maharashtra. The project is expected to generate 154 million units (MUs) of power annually and reduce carbon emissions by 115,000 tonnes. TP Parivart is a subsidiary of Tata Power Renewable Energy (TPREL), itself a subsidiary of Tata Power.

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GE Vernova T&D India quadruples order inflows in Q2 FY25

India, News

GE Vernova T&D India Ltd reported a significant rise in order inflows for Q2 FY25, reaching Rs 46.82 billion, over four times the Rs 10.82 billion recorded in Q2 FY24.  For the first half of FY25 (April-September), orders grew by 173 per cent to Rs 57.11 billion from Rs 20.88 billion in H1 FY24, with domestic orders accounting for 53 per cent. As of September 30, 2024, GE Vernova’s order book stood at Rs 98.36…

India

News Subsections News India Global Socomec launches compact automatic transfer switching equipment September 10, 2024 Socomec India has unveiled its latest innovation, the “ATyS a M” pre-programmed Automatic Transfer Switching Equipment (ATSE), designed for commercial establishments, high-rise buildings, industries, and sectors like healthcare and hospitality. This… NCT approves TBCB route for Rs 100 billion interstate transmission projects September 10, 2024 The National Committee on Transmission (NCT), in its 22nd meeting on August 23, 2024, recommended…