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),…
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…
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…
The Asian Development Bank (ADB) has withdrawn its loan approval of Rs 36.51 billion (USD 434.25 million) for the 500 MW phase of the Khagarijan Solar Power Project in Assam.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…
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…
Union Minister for New and Renewable Energy Pralhad Joshi highlighted Diu as the first district in India to meet its full power demand through solar energy. Diu has installed 11.88 MW capacity (9 MW ground-mounted, 2.88 MW rooftop), covering its entire daytime electricity needs. During his visit on May 30, 2025, the Minister reviewed solar…
Engie has achieved financial closure for its 200 MW solar photovoltaic (PV) project in Khavda, Gujarat, under the Phase XXIII tender by Gujarat Urja Vikas Nigam Limited (GUVNL). The company signed a loan agreement with MUFG Bank and Crédit Agricole S.A. to fund the project. The grid-connected project will be developed by Enren-II Energy Private…
The Government of Andhra Pradesh (GoAP) has allocated a 2,000 MW (2,600 MWp) solar power project to Bondada Engineering Limited. The project was awarded on May 22, 2025, and will be developed over the next 24 months at an estimated cost of Rs 90 billion. The rollout of the project will be phased. A 250…
HR Godavari Private Limited, the special purpose vehicle (SPV) of Hinduja Renewables Energy Private Limited, has signed two power purchase agreements (PPAs) with Lloyd Metals and Energy Limited. These PPAs cover the supply of 60.7 MW (86.05 MWp) of solar power under a captive model. The agreements include one PPA for 10.7 MW (16.05 MWp)…
Fluxys and OQ Gas Networks SAOG (OQGN) have signed an agreement to jointly develop a hydrogen transportation network in Oman. Fluxys will participate as a minority shareholder, while OQGN will lead the project. The planned hydrogen infrastructure aligns with Oman’s Vision 2040 and national hydrogen targets. Both companies aim to accelerate the country’s energy transition…