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Avaada Group secures PPAs for 14 GW renewable energy projects

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Avaada Group, through its subsidiary Avaada Energy, has secured long-term power purchase agreements (PPAs) for 14,000 MW of renewable energy projects.  The company has already commissioned 5,200 MW of renewable energy capacity across nine states and aims to achieve full operational capacity by 2027. Earlier this month, Avaada Group commissioned a 1,500 MW solar module manufacturing facility in Dadri, Noida. The facility focuses on TOPCon n-type bifacial glass-to-glass modules. The company is also developing a…

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Australia accelerates renewable energy projects amid rising energy demand

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The Australian government has introduced a National Renewable Energy Priority List to expedite approvals for key renewable energy generation, storage, and transmission projects. The initiative, led by the Department of Climate Change, Energy, the Environment and Water (DCCEEW), aims to streamline regulatory processes while ensuring environmental compliance under the Environment Protection and Biodiversity Conservation (EPBC) Act. The first Priority List includes 32 renewable energy projects exceeding 30 MW, featuring solar, wind, battery, and pumped hydro…

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IRFC sanctions loan to NTPC REL for renewable energy projects

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Indian Railway Finance Corporation (IRFC) has sanctioned a rupee term loan of Rs 75 billion to NTPC Renewable Energy Limited (NTPC REL), a subsidiary of NTPC Green Energy Limited.   In January 2025, NTPC REL invited bids for up to Rs 200 billion for capital expenditure on various projects, including loan refinancing and general corporate purposes. The funding will support the development of renewable energy projects, including solar, wind, and hybrid systems with or without storage,…

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Odisha signs MoUs with six firms for renewable energy projects

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  Odisha has secured investment proposals worth Rs 4,330 billion in the renewable energy sector during the ‘Utkarsh Odisha – Make in Odisha Conclave 2025.’ On the second day of the event, the Sectoral Session on ‘Renewable Energy for Viksit Odisha’ resulted in significant Memorandums of Understanding (MoUs) to strengthen the state’s clean energy infrastructure. Six firms—Mahanadi Coalfields Limited (MCL), NLC India Limited, Indian Oil Corporation Limited (IOCL), Hindustan Petroleum Corporation Limited (HPCL), ONGC Tripura…

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Avaada to invest Rs 207 billion in renewable energy projects in Odisha

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Avaada Group has signed a memorandum of understanding (MoU) with the Odisha government to invest Rs 207 billion in renewable energy projects.  The investment will support the development of 1,500 MW of floating solar projects, two 1,000 MW Pumped Storage Projects (PSP), and green energy equipment manufacturing units.  The agreement was formalized at the Make in Odisha Conclave 2025, attended by Chief Minister Mohan Charan Majhi. The event, inaugurated by Prime Minister Narendra Modi, aims…

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Masdar to develop 1GW renewable energy projects in Philippines

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Masdar, the United Arab Emirates’ clean energy provider, has entered the Philippines renewables market with agreements to develop 1GW of solar, wind, and battery energy storage systems (BESS) by 2030. The agreements, signed with the Philippines Department of Energy (DoE) and the Board of Investments, support the country’s energy transition programme. This initiative aims to achieve 35% renewable energy in power generation by 2030 and 50% by 2040. Masdar CEO Mohamed Jameel Al Ramahi highlighted…

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IRFC partners with REMC to finance renewable energy projects

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Indian Railway Finance Corporation (IRFC) has signed a memorandum of understanding (MoU) with the Renewable Energy Management Centre (REMC) to finance renewable energy projects supplying power to Indian Railways. The partnership aims to support renewable energy initiatives and explore financing options for thermal, nuclear, and renewable projects under a captive model.  REMC will utilise its expertise to procure cost-effective energy and conduct bids for renewable energy projects aligned with the railway’s energy goals. IRFC will…

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JERA-led consortium to operate offshore wind project in Japan

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JERA Co., Inc., Green Power Investment Co., Ltd. (GPI), and Tohoku Electric Power Co., Inc. (Tohoku Electric) have formed a consortium led by JERA to operate a 615 MW offshore wind project in the Sea of Japan, off the southern coast of Aomori Prefecture.  Japan’s Ministry of Economy, Trade, and Industry and the Ministry of Land, Infrastructure, Transport, and Tourism selected the consortium to develop the project. Operations are expected to begin in June 2030….

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EIB provides €243m green loan to ERG Group for renewable projects

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The European Investment Bank (EIB) has committed €243m ($255m) to finance renewable energy projects by wind and solar operator ERG Group.  The funding will advance renewable energy development across Italy, France, and Germany, aligning with EU energy targets and national climate plans. The EIB’s green loan supports ERG’s 2024–2026 Business Plan, which focuses on expanding its renewable portfolio and strengthening funding sources. The financing will facilitate the construction of three new onshore wind farms in…

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Rajasthan signs MoUs worth Rs 104.5 billion for renewable energy projects

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The Government of Rajasthan (GoR) has signed Memorandum of Understandings (MoUs) valued at Rs 104.5 billion with Prudential Sugar Corporation Limited and Oriana Power Private Limited for renewable energy (RE) projects under the “Rising Rajasthan Global Investment Summit 2024.” The MoUs include: An MoU worth Rs 4.5 billion with Prudential Sugar for the establishment of a 100 MW solar park, expected to be commissioned by 2026. An MoU worth Rs 100 billion with Oriana Power…