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ARYA secures Rs 1 billion to develop CBG projects with IOCL and BPCL
ARYA, a subsidiary of GPS Renewables, has raised Rs 1 billion in mezzanine financing as part of a Rs 2 billion funding round aimed at establishing compressed biogas (CBG) projects in collaboration with Indian Oil Corporation Limited (IOCL) and Bharat Petroleum Corporation Limited (BPCL). The financing was provided by InCred Opportunities Fund and Spark Capital, supporting ARYA’s mission to advance biofuel production and contribute to India’s net zero objectives. In the coming year, ARYA plans…
Oriana Power to build gigawatt-scale electrolyser factory in India
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…
Jakson Engineers, SBI partner to accelerate solar adoption in India
Jakson Engineers Limited and the State Bank of India (SBI) have signed a Memorandum of Understanding (MOU) under the Surya Shakti Solar Finance programme to promote solar energy adoption across India. The partnership aims to increase solar power use in institutional, commercial, and industrial sectors. SBI will provide up to Rs 100 million in credit to commercial and industrial users, accelerating the rollout of rooftop solar projects. This collaboration supports the Prime Minister’s goal of…
South Africa wins €400m for solar and wind projects from EIB and FirstRand
Several solar and wind projects in South Africa will receive €400 million through a joint initiative between the European Investment Bank (EIB) and South Africa’s FirstRand Bank. The investment, with each party contributing €200 million, aims to enhance private sector energy generation, boost energy security, and mitigate power cuts. The funding aligns with Europe’s Global Gateway strategy, which targets €100 billion in sustainable infrastructure investments by 2027. This initiative supports South Africa’s net-zero target for…
Gujarat leads India in wind power generation: Minister
Gujarat ranks first in India for wind power generation, producing 12,132 MW, according to state climate change minister Mulu Bera. As of July 31, the state has installed wind power projects with a total capacity of 47,075 MW, contributing 25.8% of India’s total wind energy production. The Gujarat government has set a target to generate 100 GW of power from conventional and renewable sources and is implementing various initiatives to achieve this goal. In recognition…
AMPIN Energy and CIP to invest USD 300 million in India’s renewable projects
AMPIN Energy Transition has partnered with Copenhagen Infrastructure Partners (CIP) to invest USD 300 million in renewable energy projects across India. This joint effort aims to establish a renewable energy asset base valued between USD 2.7 billion and USD 3 billion. Building on a USD 200 million joint equity commitment made in 2021, the collaboration highlights their focus on accelerating India’s green transformation and fostering innovation within the energy sector. AMPIN Energy Transition currently manages…