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PNC Infratech secures 300 MW solar plus storage project in NHPC auction

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PNC Infratech Ltd has been selected as one of the lowest (L1) bidders in NHPC’s Tranche-XI auction to develop an interstate transmission system (ISTS)-connected solar power project with integrated energy storage. The company secured 300 MW of solar capacity and 150 MW/600 MWh of energy storage, quoting a tariff of Rs 3.13 per kWh. The auction, held under the tariff-based competitive bidding (TBCB) route with an e-reverse auction on July 15, 2025, awarded a total…

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Juniper Green and Vibrant Energy commission solar and hybrid projects

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Juniper Green Energy Private Limited has commissioned a 71 MWp solar power project at Chapalgaon village in Solapur district, Maharashtra. The project was developed through its wholly-owned subsidiary, Juniper Green Ray Two Private Limited. It marks the second phase of a larger 217 MWp solar power development at the same site in Akkalkot taluka. The first phase, with a capacity of 145.99 MWp, had already been completed earlier. In parallel, Vibrant Energy has commissioned a…

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Adani Green commissions 50 MW solar project in Khavda

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Adani Solar Energy Jodhpur Six Private Limited, a special purpose vehicle (SPV) of Adani Green Energy Limited (AGEL), has commissioned 50 MW of solar capacity in Khavda, Gujarat. The project is part of the larger 600 MW solar development awarded under the ISTS-VIII tranche. This capacity falls under the 600 MW interstate transmission system (ISTS)-connected solar power project awarded to SBE Renewables Fifteen Private Limited in February 2020. The winning tariff was Rs 2.5 per…

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Power Mech wins 13.66 MW solar contracts in Bihar

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Power Mech Projects Limited has secured contracts to develop a total of 13.66 MW of grid-connected distributed solar power projects in Bihar. The award was announced on June 26, 2025, by the Bihar State Power Generation Company Limited (BSPGCL). The contracts fall under the Pradhan Mantri Kisan Urja Suraksha evam Utthaan Mahabhiyan (PM-KUSUM) scheme, specifically Component C2, which focuses on solarising agricultural and mixed feeders. Three projects will be developed: A 4.221 MW project at…

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NTPC signs solar PPA with UPPCL, commissions 110.52 MW at Khavda

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NTPC Renewable Energy Limited (NTPC REL), a wholly owned subsidiary of NTPC Limited, signed a power purchase agreement (PPA) with Uttar Pradesh Power Corporation Limited (UPPCL) for 1,000 MW of solar power. The PPA was signed at a tariff of Rs 2.56 per kWh. NTPC REL had secured this capacity in UPPCL’s January 2025 auction for solar photovoltaic projects. Separately, on June 6, 2025, NTPC REL commissioned 110.52 MW of solar capacity under the 1,255…

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Serentica secures Rs 8.58 billion ECB for 300 MW solar project in Rajasthan

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Serentica Renewables India Private Limited (SRIPL) has achieved financial closure for its 300 MW solar power project in Rajasthan. The company has secured over Rs 8.58 billion (USD 100 million) through External Commercial Borrowing (ECB) from Rabobank and Societe Generale. The power generated from this project will be supplied to Bharat Aluminium Company Limited (BALCO), a wholly-owned subsidiary of Vedanta Limited. This forms part of Vedanta’s broader plan to procure 691 MW of renewable energy…

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NTPC Green signs PPA with UPPCL for 1,000 MW solar project

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NTPC Renewable Energy Limited, a wholly owned subsidiary of NTPC Limited, has signed a Power Purchase Agreement (PPA) with Uttar Pradesh Power Corporation Limited (UPPCL) for a 1,000 MW solar PV project. The tariff has been fixed at Rs 2.56 per kWh, making it one of the most competitively priced utility-scale solar projects in India this year. The agreement follows NTPC’s earlier win in UPPCL’s solar power auction announced on January 4, 2025. With this…

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Maruti Suzuki commissions 30 MWp solar power at Haryana plants

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Maruti Suzuki India Limited (MSIL) has commissioned a total of 30 MWp solar power capacity across its Haryana facilities. This includes a 20 MWp installation at Kharkhoda and a 10 MWp unit at Manesar. Alongside these projects, the company is increasing the share of green power sourced from State Electricity Boards, further reducing its reliance on conventional energy. Mr. Hisashi Takeuchi, Managing Director & CEO of MSIL, confirmed plans to scale solar capacity to 319…

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ADB withdraws Rs 36.5 billion loan for Assam solar project

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The Asian Development Bank (ADB) has withdrawn its loan approval of Rs 36.51 billion (USD 434.25 million) for the 500 MW phase of the Khagarijan Solar Power Project in Assam. The withdrawal comes in response to local protests over the project’s development. ADB had initially approved the loan in October 2024. The project is being implemented by Assam Power Development Company Limited (APDCL) under the “Mukhya Mantri Sauro Shakti Prokolpo” scheme. The full project involves…

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NABARD to fund Rs 12.17 billion loan for 300 MW Khavda solar project

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The National Bank for Agriculture and Rural Development (NABARD) has received a Letter of Award (LoA) to provide a Rupee Term Loan (RTL) of Rs 12.17 billion for the development of the 300 MW Khavda Solar PV Project – Phase XXI (GUVNL) by Coal India Limited (CIL) in Gujarat. CIL secured the project in January 2024 at a tariff of Rs 2.55 per kWh under Gujarat Urja Vikas Nigam Limited’s (GUVNL) Phase XXI auction. The…