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Avaada Energy secures Rs 5.97 billion refinancing for solar projects

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Avaada Energy, part of Avaada Group, has secured approximately Rs 5.97 billion in refinancing for its commercial and industrial (C&I) solar projects in Karnataka and Maharashtra.  The refinancing was provided by NIIF Infrastructure Finance Limited (NIIF IFL), a debt fund focused on operational infrastructure projects. Avaada’s solar projects supply power to major corporations such as Bharti Airtel, Motherson, Bharat Forge, STT, Nxtra Data, and Lumax, supporting their energy transition initiatives. The refinancing deal allows Avaada…

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CEA concludes Brainstorming Conclave on Indian Power Sector Scenario 2047

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The Central Electricity Authority (CEA) concluded its two-day Brainstorming Conclave on the ‘Indian Power Sector Scenario 2047’ in New Delhi on October 14-15, 2024. The event, attended by over 1,500 delegates, featured discussions on expanding hydropower, integrating energy storage systems, modernizing distribution networks, and fostering cross-border energy cooperation. Key dignitaries, including Union Power Minister Manohar Lal, emphasized India’s strategy to meet growing energy needs while transitioning to cleaner sources. The conclave also focused on capacity…

India surpasses 200 GW renewable energy milestone
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India surpasses 200 GW renewable energy milestone

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India has crossed a major milestone in its renewable energy journey, with the nation’s total renewable energy capacity reaching 201.45 GW as of October 10, 2024, according to the Central Electricity Authority (CEA). When including the 8,180 MW of nuclear power, non-fossil fuel-based energy now accounts for nearly half of India’s total installed electricity generation capacity, which stands at 452.69 GW. Solar power leads India’s renewable energy contributions, generating 90.76 GW, followed by wind power…

AI’s Rising Energy Demand is Reshaping the Future of Data Centers and Power Supply

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At Climate Week in New York, discussions are centered on the rising energy demand driven by artificial intelligence. Last week, it was revealed that Microsoft would use electricity from the resurrected Three Mile Island nuclear plant to power its data centers. In a recent report, Bloomberg highlighted that OpenAI had approached the Biden administration regarding plans for large-scale data centers, each capable of consuming energy equivalent to that of a whole city. This trend is…