Search Results for: ReNew Solar

REC Power Development & Consultancy Ltd (RECPDCL) has established a project special purpose vehicle (SPV) named “Rajasthan IV 4A Power Transmission Ltd” for the development of an interstate transmission system (ISTS) scheme associated with renewable energy evacuation in Rajasthan. The SPV was incorporated on August 6, 2024, as a wholly-owned subsidiary of RECPDCL, which is serving as the bid process coordinator (BPC) for the project. The developer for the scheme will be selected through a…

Oriana Power, a commercial and industrial solar manufacturer, plans to establish a gigawatt-scale factory in India to produce alkaline electrolysers and balance of plant (BOP) modules. The initiative aims to boost local manufacturing of critical renewable energy technology, support the transition to clean energy, and reduce dependency on imports. The company plans to invest between USD 25-35 million in the factory, which will be commissioned in two phases. The first phase, with an annual capacity…

Envision Wind Power Technologies India has secured a 116 MW wind turbine supply order from Blueleaf Energy for a co-located wind-solar hybrid power project in Madhya Pradesh. The project, set to begin construction in 2024 and complete by 2025, supports India’s renewable energy goals. The agreement involves the supply of EN-156 3.3 MW turbines. The project, part of Blueleaf Energy’s goal to deploy over 5 GW of renewable capacity in India by 2030, aims to…

Fourth Partner Energy Ltd (FPEL) has raised $275 million from the International Financial Corporation (IFC), Asian Development Bank (ADB), and German Investment Corporation (DEG) to support its goal of 3.5 GW renewable energy capacity by 2026. The funding breakdown includes $125 million from IFC, $100 million from ADB, and $50 million from DEG. This investment will bolster FPEL’s current 1.5 GW portfolio and help commission a 575 MW wind-solar hybrid project in Karnataka later this…

The IIT Madras (IITM) Research Park has unveiled a large-scale 1 MWh lithium-ion battery storage system, which is charged using wind and solar energy, elevating the campus’s renewable energy share to 90%. Developed by the Center for Excellence in Energy & Telecommunications (CEET), this modular and ready-to-deploy battery storage system is part of the IITM Research Park’s ’10x initiative, Towards 100% Renewable Energy.’

The Rajasthan Cabinet, chaired by Chief Minister Bhajanlal Sharma, approved establishing four joint venture companies focused on renewable and thermal power generation and transmission. The Cabinet also approved the development of metro rail projects under a joint venture with the central government, which is in line with the Metro Rail Policy 2017. Following an MoU signed with various central public sector companies on March 10, 2024, the state Cabinet approved the formation of joint ventures…

Blueleaf Energy has secured financing for its 200-MW wind and solar hybrid power project in Madhya Pradesh. Axis Bank will provide around USD 170 million to support the Pachora Hybrid project, Blueleaf’s first utility-scale venture in India, set to commence commercial operations in 2025. The project, located at the Pachora Inter State Transmission System (ISTS) substation, will generate over 600 GWh annually, powering approximately 110,000 households. Blueleaf has secured buyers for International Renewable Energy Certificates…