ACME Solar has commissioned four co-located ISTS-connected solar projects totaling 1,023 MW in Rajasthan’s Jaisalmer district. The 1,200 MW capacity project already has a 25-year power purchase agreement with the Solar Energy Corporation of India (SECI) at a tariff of Rs 2.44 per kWh. The remaining 177 MW of the project is in the commissioning…
The Government of Rajasthan (GoR) has signed an agreement with BrightKnight to establish wind-solar hybrid power projects in the state. As part of the agreement, BrightKnight has committed to investing Rs 150 billion to set up over 2,000 MW of wind-solar hybrid capacity in Rajasthan.
Martial Solren, a wholly-owned subsidiary of Mahindra Susten, has achieved financial closure for its 400 MW/560 MWp solar power projects in Gujarat and Rajasthan. The company secured a Rs14.48 billion loan from HDFC Bank and Axis Bank for the projects. In April and June 2023, Mahindra Susten won 100 MW each under the base capacity…
ReNew has commissioned 750 MW of its 1 GW solar project in Rajasthan, with the remaining 225 MW set to become operational by January 2025. The project, developed in partnership with the Solar Energy Corporation of India (SECI), is designed to supply clean energy exclusively to Rajasthan through three Power Purchase Agreements (PPAs). Part of…
Serentica Renewables plans to invest Rs 500 billion to develop 10,000 MW of renewable energy capacity in Rajasthan, as part of its efforts to position the state as a renewable energy hub. This investment aligns with the company’s participation in Rising Rajasthan 2024. Currently, Serentica has 3,000 MWp of renewable energy under construction in the…
Sterling and Wilson Renewable Energy Ltd (SWREL) has secured a Rs 5.04 billion contract to develop a solar photovoltaic (PV) plant in Rajasthan. The project, awarded by an independent power producer, involves the supply, installation, and commissioning of a 305 MW AC / 396 MWp DC PV system.
Insolation Green Energy Private Limited, a subsidiary of Insolation Energy Limited, has signed a memorandum of understanding (MoU) with the Rajasthan government during the Rising Rajasthan Global Investment Summit 2024. The agreement involves an investment of Rs 100 billion for solar power generation projects, manufacturing facilities for solar components, engineering, procurement, and construction (EPC) projects,…
The Government of Rajasthan signed a Memorandum of Understanding (MoU) with RMC Switchgears Limited on November 9, 2024, to set up a 1,000 MW Ultra Mega Solar Park Project (UMSPP) with an integrated Battery Energy Storage System (BESS). The project is slated for completion by 2026.
Power Grid Corporation of India Ltd (PGCIL) has acquired Bikaner A Power Transmission Ltd (BATPL) and Bikaner B Power Transmission Limited, both established to support the “Transmission system for evacuation of power from Rajasthan REZ Phase IV (Part-3: 6 GW) [Bikaner complex]” on a build, own, operate, and transfer (BOOT) basis. The acquisition from REC…
PFC Consulting Limited (PFCCL), a subsidiary of Power Finance Corporation Limited, has transferred two wholly owned subsidiaries, Khavda PSI and 3 Transmission Limited and Barmer I Transmission Limited, to Power Grid Corporation of India Limited (Powergrid) for a total of Rs 268.2 million. Khavda PSI and 3 Transmission Limited was transferred for Rs 79.2 million,…