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Avaada Group invests Rs 1 trillion in green energy projects in Rajasthan

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Avaada Group has announced a Rs 1 trillion investment in Rajasthan to develop large-scale solar, wind, and green ammonia projects. This move follows the signing of a Memorandum of Understanding (MoU) with the state government, a joint commitment to boosting Rajasthan’s renewable energy infrastructure. The investment will fund major projects, including a 1.2 GW pumped hydro storage project, a 1 million tonne per annum (MTPA) green ammonia facility, a 1 GW wind power project, and…

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Tata Power signs Rs 1.2 trillion pact with Rajasthan

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Tata Power has signed an MoU with the Rajasthan government, committing Rs 1.2 trillion to the state’s power sector, including Rs 750 billion in green energy.  The agreement, formalized at the ‘Rising Rajasthan’ Investor Meet on 30 September 2024, outlines a 10-year plan to transform Rajasthan into a power surplus state with 24/7 clean and reliable energy. The investment will focus on renewable energy, transmission, distribution, nuclear power, EV charging, and rooftop installations.  Key allocations…

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Marsons enters renewable energy sector, wins LoI for 150 MW solar project in Rajasthan

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Marsons Ltd has announced its entry into the renewable energy sector. The company will focus on manufacturing specialised equipment and undertaking EPC contracts for solar power plants. The company plans to supply inverter-duty transformers and generation step-up (GSU) transformers for solar and wind power plants, and it will invest Rs 25 million to expand its transformer range over the next three months. In addition, Marsons received a letter of intent (LoI) from NACOF OORJA to…

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Marsons secures LoI for 150 MW solar power plant in Rajasthan

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Marsons has received a letter of intent (LoI) from Nacof Oorja to develop a 150 MW grid-interactive ground-mounted solar PV power generation plant in Rajasthan. The project, comprising multiple units across various locations, is being executed for Rajasthan Renewable Energy Corporation Limited (RRECL) under the KUSUM Scheme, aimed at providing daytime power to agricultural consumers. In collaboration with Aditya Clean Systems for technical support, the total order value of the project is estimated at approximately…

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Zelestra signs 450 MW solar power supply agreement with NTPC in Rajasthan

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Spanish renewable energy company Zelestra has signed a 25-year power purchase agreement (PPA) with NTPC to supply electricity from its 450 MW solar project in Rajasthan. This project will reduce CO2 emissions by 13,555.774 tonnes over the PPA’s duration. The solar project is part of Zelestra India’s plan to develop over six GW of renewable energy projects in the next three years. Zelestra, backed by EQT with USD 232 billion in assets, operates a 20…

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Zelestra secures €132 million financing for 435 MW solar project in Rajasthan

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Zelestra has finalized €132 million in green financing for its 435 MW solar photovoltaic project in Gorbea, Rajasthan. The financing was provided by HSBC, Credit Agricole, MUFG, and Bank of America, aligning with Zelestra’s Green Financing Framework and the Green Loan Principles issued by the Loan Market Association. The project will supply power to the Solar Energy Corporation of India (SECI) under a 25-year agreement. The solar plant is expected to generate enough electricity to…

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NTPC and RVUNL sign JV to develop 25 GW renewable projects in Rajasthan

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NTPC Green Energy Limited (NGEL) and Rajasthan Rajya Vidyut Utpadan Nigam Limited (RVUNL) have established a joint venture (JV) to develop 25 GW of renewable energy projects and 1 million metric tonnes per annum (MMTPA) of green hydrogen and its derivatives in Rajasthan. The Chief Minister of Rajasthan recently dedicated 160 MW of a 320 MW solar power project in Bhainsara to the nation. In September 2024, NGEL awarded Suzlon Group a 1,166 MW wind…