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Sunsure, Adani Green secure financing for solar and hybrid projects

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Adani Green Energy Limited (AGEL) has refinanced its $1.06 billion construction facility. AGEL refinanced its maiden construction facility, originally secured in 2021, for developing India’s largest solar-wind hybrid renewable cluster in Rajasthan.  The new long-term financing has a 19-year door-to-door tenor and follows a fully amortized debt model aligned with the asset’s lifecycle. This refinancing completes AGEL’s capital management program for the portfolio, ensuring long-term financial stability by matching financing terms with asset cash flows….

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GEDA introduces guidelines for offgrid solar, wind, and hybrid projects

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The Gujarat Energy Development Agency (GEDA) has introduced a comprehensive Standard Operating Procedure (SOP) for off-grid solar, wind, and wind-solar hybrid projects, with or without storage. This initiative is part of the Gujarat Renewable Energy Policy – 2023, aimed at facilitating Renewable Purchase Obligation (RPO) compliance and expanding access to clean energy solutions. Key Highlights of the SOP: Facilitating RPO Compliance: The SOP aims to help entities that are not connected to the state grid…

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Rajasthan and UAE sign MoU for Rs 3 trillion investment in 60 GW RE projects

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The Rajasthan government has signed a memorandum of understanding (MoU) with the United Arab Emirates (UAE) for an investment of Rs 3 trillion to develop renewable energy projects with a combined capacity of 60 GW in solar, wind, and hybrid energy across western Rajasthan.  The UAE will appoint a qualified developer to manage project governance and administration, ensuring efficient and swift implementation.