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TOYO to build 2GW solar cell manufacturing facility in Ethiopia

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Japanese firm TOYO has announced plans to build a 2GW solar cell manufacturing facility in Hawassa, Ethiopia, with an estimated investment of $60 million. The facility will be developed on a 31,500m² site, with construction set to begin in November 2024 and production expected by the end of Q1 2025. The project will create up to 880 jobs in manufacturing and engineering. Ethiopia’s favourable investment policies and tariff exemptions, along with its reliance on green…

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Hero Future Energies wins 120 MW in SJVN’s FDRE-2 tender

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Hero Future Energies Limited (HFE) has secured 120 MW of capacity in the SJVN Limited firm and dispatchable renewable energy (FDRE)-2 tender, with a tariff of Rs 4.25 per kWh.  This is HFE’s seventh FDRE bid win in the last 18 months, reinforcing the company’s commitment to advancing India’s energy transition by providing affordable and reliable green power.

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NLCIL produces 12.34 billion units of green power, targets 10,000 MW renewable capacity by 2030

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State-owned NLC India Ltd (NLCIL) has generated 12.34 billion units of green power, preventing the emission of 10 million tonnes of carbon dioxide, according to a statement by the coal ministry. Traditionally a lignite-based power producer, NLCIL is now aiming to achieve 10,000 MW of renewable energy capacity by 2030. NLCIL has already established 1,380 MW of solar power plants and 51 MW of wind power plants. To reach its ambitious renewable energy target, NLCIL…