Alternus Clean Energy has finalized the acquisition of LiiON, LLC through an asset purchase agreement executed by one of its US subsidiaries. The $5 million deal combines debt and equity, granting Alternus LiiON’s customer contracts, service agreements, and partnerships. As part of the agreement, LiiON will provide an exclusive license to its intellectual property. The…
Grew Energy has announced it will supply 500 MW of solar modules for Jindal Renewables’ solar power project in Rajasthan. Jindal Renewables is developing around 3 GW of renewable energy assets with power off-take agreements in place. By 2030, the company plans to expand its portfolio to 12 GW, including storage facilities and green hydrogen…
Adani Renewable Energy Holding Nine Limited, a subsidiary of Adani Green Energy Limited (AGEL), has established three special purpose vehicles (SPVs) to implement its renewable energy projects. The SPVs—Adani Green Energy Sixty Five Limited (AGE65L), Adani Green Energy Sixty Six Limited (AGE66L), and Adani Green Energy Sixty Seven Limited (AGE67L)—were incorporated on December 12, 2024….
Ambuja Cements has commissioned its 200 MW solar power project in Khavda, Gujarat, with transmission starting on December 12, 2024. The remaining 806 MW capacity is under various commissioning stages and is expected to be operational between March and June 2025. This project is projected to reduce power costs by 70 per cent compared to…
Adani Green Energy Twenty Five, a subsidiary of Adani Green Energy Limited (AGEL), has commissioned a 250 MW solar power plant at Badi Sid in Jodhpur, Rajasthan. With this commissioning, AGEL’s total operational renewable energy capacity has risen to 11,434 MW. The plant’s commissioning was announced following the receipt of necessary clearances. The project is…
Albania has adopted a new law permitting the construction of solar and wind power plants on pastureland, a move driven by growing demand for renewable energy. The law allows photovoltaic (PV) panels to be mounted at least five meters above the ground, enabling simultaneous use of land for grazing livestock. Around a tenth of Albania’s…
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…
The Central government has approved the development of a 2,000 MW solar park in Rajasthan, with 30 per cent central financial assistance. The project will be developed by Rajasthan Solar Development Corporation. Rajasthan currently has an installed renewable energy capacity of 30.31 GW, with solar power contributing 24.55 GW.
The Kerala government has announced a 16 paise per unit increase in electricity tariffs for the 2024-25 financial year, effective from December 5, 2024. An additional hike of 12 paise per unit will follow in the 2025-26 financial year. This marks the fifth tariff increase under the Pinarayi government’s tenure since 2016. Electricity Minister K…
Tata Power plans to invest around Rs 1.46 trillion to double its operational capacity to 32 GW by 2030, according to CEO and MD Praveer Sinha. As of FY24, the company’s installed capacity stood at 15.6 GW, with 6.7 GW in renewables. By 2030, Tata Power aims to reach 31.9 GW, with 23 GW from…