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Bank of Baroda secures loan awards for 800 MW solar projects in Gujarat

Bank of Baroda (BoB) received Letters of Award (LoAs) from NLC India Limited to provide Rupee Term Loans (RTL) for two solar projects in Gujarat: 600 MW Khavda Solar PV Project – Phase XX (GUVNL) Loan amount: Rs 26.69 billion at an interest rate of 8.15% p.a. Project scope: Development of 600 MW grid-connected solar PV plants under GUVNL Phase XX on a build, own, and operate (BOO) basis at Khavda Solar Park (GSECL Stage…

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KP Green Engineering secures Rs 1.66 billion in orders across sectors

KP Green Engineering has received orders worth Rs 1.66 billion from multiple clients, reflecting its expanding market presence and diversified portfolio. The company has secured solar project contracts worth Rs 1 billion to supply fixed tilt module mounting structures, tracker-type mounting structures, and structural components.  It has also won a Rs 391 million order for 220 kV to 400 kV transmission tower materials, substation structures for 33 kV and 66 kV setups, hardware, cable trays,…

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Vistra connects solar projects in Illinois

Vistra has connected two new utility-scale solar projects in Illinois to the grid as part of efforts to amend the retirement schedule for its 1,185 MW Baldwin Power Plant.  Originally set to retire in 2025, the plant will now operate until 2027, complying with federal Environmental Protection Agency retirement and pond closure requirements. The Baldwin site recently saw the addition of a 68 MW utility-scale solar facility and a 2 MW/8 MWh energy storage system,…

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Adani Green establishes new subsidiary AGE68L

Adani Green Energy Limited (AGEL) has formed a wholly owned subsidiary, Adani Green Energy Sixty Eight Limited (AGE68L), under its subsidiary Adani Renewable Energy Holding Nine Limited.  AGE68L will focus on power generation, development, distribution, and supply from wind, solar, and other renewable energy sources. Incorporated in Ahmedabad, Gujarat, AGE68L has an authorised and paid-up capital of Rs 100,000, with Adani Renewable Energy Holding Nine Limited holding 100% of its share capital. The subsidiary has…

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Gensol secures Rs 8.97 billion solar EPC contract from NTPC

Gensol Engineering Limited has won a Rs 8.97 billion contract from NTPC Renewable Energy Limited to develop a 225 MW grid-connected solar project.  The project will be executed on an engineering, procurement, and construction (EPC) basis at the Gujarat State Electricity Corporation Limited Solar Park (Stage-III) in Khavda, Rann of Kutch, Gujarat. The contract includes project development and operations and maintenance services for three years.

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Nozomi Energy acquires 312 MW solar portfolio in Japan

Nozomi Energy, a Japanese renewable energy company and an Actis subsidiary, has acquired a portfolio of 12 operational solar projects, totalling 312 MW.  These projects, which range from 1 MW to over 60 MW, are backed by Feed-In-Tariff (FIT) contracts that extend at least until 2040, providing stable and predictable cash flows for the company. Nine of the projects are located in Japan’s Kanto region, while the remaining projects are situated in Tohoku, Chubu, and…

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TPG Rise Climate in talks to acquire Altus Power

TPG Rise Climate, the climate investment arm of TPG, is in discussions to acquire US-based solar developer Altus Power, according to Reuters sources.  The deal, which could be formalized in the coming weeks, is not yet finalized, and there is still a possibility of no transaction occurring. Altus Power, a leading clean energy provider for both commercial and residential properties, manages one of the largest portfolios of commercial-scale solar plants in the US.  The company…

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Ørsted sells 50% stake in US solar and battery projects

Ørsted has divested a 50% equity stake in three US solar and battery projects to Energy Capital Partners (ECP) for $572m. The projects include Mockingbird Solar (468MW) and Sparta Solar (250MW) in Texas, as well as the Eleven Mile Solar Center in Arizona, which combines 300MW of solar power with 300MW/1,200MWh battery storage. Details of the transactionThe projects, all of which have secured tax equity partnerships and power purchase agreements, are scheduled to begin operations…

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Sembcorp wins solar plus BESS project from SECI

Sembcorp Green Infra (SGIPL), a unit of Sembcorp Industries, has secured a 150 MW solar project with a 300 MWh battery energy storage system (BESS) from Solar Energy Corporation of India (SECI). SGIPL has received the letter of award (LoA) for the project. This marks Sembcorp’s first solar-BESS hybrid project in India, bringing its gross renewable capacity in the country to nearly six GW, including over two GW of greenfield projects won in 2024. The…

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VCI Global plans 100 MW solar projects across Southeast Asia and Europe

VCI Global aims to develop and acquire up to 100 MW of solar photovoltaic (PV) projects across Southeast Asia and Europe within the next five years, generating an estimated $200 million in revenue over 20 years. The company plans to source at least 70 percent of this capacity from projects in Malaysia, leveraging government programs like the Corporate Renewable Energy Supply Scheme (CRESS). Additionally, VCI Global intends to acquire 30 MW of solar capacity in…