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Avaada Group to develop 1.2 GW pumped storage project in Rajasthan

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Avaada Aqua Batteries, a subsidiary of Avaada Group, has signed a Memorandum of Understanding (MoU) with the Rajasthan government to establish a 1.2 GW pumped storage project (PSP) in the Sirohi district.  With a budget of Rs 58 billion, the project is expected to be completed within five to seven years. It aims to provide Round the Clock with renewable energy and enhance grid stability by integrating solar and wind power. In October 2024, Avaada…

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Tata Power partners with IndusInd Bank to finance solar installations for MSEs

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Tata Power Renewable Energy (TPREL) has partnered with IndusInd Bank to provide collateral-free solar financing options for micro and small enterprises (MSEs), offering loans ranging from Rs 1 million to Rs 20 million.  This partnership aims to support MSEs in adopting solar energy, reducing operational costs, and contributing to the green energy transition. Both public and private lenders are increasingly collaborating with solar companies to offer financing for commercial and residential projects. Last week, Solex…