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Three firms win 600 MW contracts under SECI’s solar Tranche-XVIII
Three companies secured contracts totalling 600 MW for the development of 1,000 MW Inter-State Transmission System (ISTS)-Connected Solar Power Projects under Tranche-XVIII. ReNew Solar Power Private Limited (ReNew Power Ventures Private Limited) won 250 MW with a tariff of Rs 3.04 per kWh. ACME Solar Holdings Private Limited secured 300 MW with a tariff of…
Adani, PGCIL among bidders shortlisted for three transmission projects
The competition for transmission projects under the Tariff-Based Competitive Bidding (TBCB) framework is intensifying, with Adani Energy Solutions Limited (AESL), Power Grid Corporation of India Limited (PGCIL), Resonia Limited and several new entrants shortlisted for key schemes in Maharashtra and Karnataka. Maharashtra scheme PFC Consulting Limited (PFCCL) has shortlisted seven bidders for the “Establishment of…
Oyster Renewable secures Rs 1,844 crore loan for hybrid project in Madhya Pradesh
Oyster Renewable Energy has obtained a Rs 1,844 crore loan to develop a 342 MW hybrid renewable energy project in Madhya Pradesh, combining solar and wind capacities.  The loan will fund the procurement of equipment, including solar panels, wind turbines, and inverters, to ensure efficient and reliable power generation and long-term project performance. Construction will…
Himachal CM reviews ongoing energy projects
Chief Minister Thakur Sukhvinder Singh Sukhu recently reviewed the progress of ongoing energy projects and emphasized the State Government’s focus on expanding green energy initiatives. He highlighted the development of a one MW Green Hydrogen Project in Nalagarh, Solan district, and the commissioning of a 32 MW Solar Power Project in Pekhubela, Una district, in…
POWERGRID wins 300 MWh battery storage project in Andhra Pradesh
Power Grid Corporation of India Limited (POWERGRID) has received a Letter of Award to develop a 150 MW/300 MWh standalone battery storage project in Andhra Pradesh. POWERGRID informed through a regulatory filing that it has emerged as the successful bidder under the Tariff-Based Competitive Bidding (TBCB) framework. The project is part of a wider programme…
Juniper Green and ACME secure financing for renewable projects
Juniper Green Energy has received debt financing of Rs 17.39 billion from the Indian Renewable Energy Development Agency Limited (IREDA). The funding will support the company and its subsidiaries in scaling renewable energy projects and expanding operational capacity. This follows Juniper’s $1 billion debt raise earlier in 2024 from IREDA, Power Finance Corporation Limited, DBS…
