Tamil Nadu Green Energy Corporation Limited (TNGECL) plans to develop 100 MW cumulative wind-solar hybrid power projects in the state.
The projects are expected to be set up on a design, build, own, operate, and transfer (DBOOT) basis in Thoothukudi and Kanyakumari districts. TNGECL is preparing a detailed project report (DPR) for the initiative.
Fintech firm MOS Utility’s board has proposed a foray into the solar business, approving the alteration of the object clause in its Memorandum of Association. The new clause will enable MOS Utility to manufacture, assemble, purchase, import, and export various solar products, including PV modules, cells, batteries, energy storage devices, and related equipment and accessories. This strategic move aims to tap into growth opportunities within the solar market, aligning with global sustainability trends. The company…
NTPC Green Energy Limited (NGEL) and Rajasthan Rajya Vidyut Utpadan Nigam Limited (RVUNL) have established a joint venture (JV) to develop 25 GW of renewable energy projects and 1 million metric tonnes per annum (MMTPA) of green hydrogen and its derivatives in Rajasthan. The Chief Minister of Rajasthan recently dedicated 160 MW of a 320 MW solar power project in Bhainsara to the nation. In September 2024, NGEL awarded Suzlon Group a 1,166 MW wind…
India’s market regulator, the Securities and Exchange Board of India (SEBI), plans to expand its sustainable finance framework to include a wider range of ESG-labeled instruments, potentially enhancing the market for such products in Asia. SEBI is consulting on the introduction of social bonds, as well as sustainable and sustainability-linked bonds, to complement the existing suite of environmental, social, and governance (ESG) debt. The proposed changes also include incorporating eligible asset-backed securities and requiring independent…
IBM has acquired Prescinto, a Bangalore-based provider of asset performance management (APM) software-as-a-service (SaaS) for renewable energy. Prescinto leverages AI to streamline operations, manage clean energy and storage assets, and provide advanced monitoring and analytics. The acquisition is set to boost IBM’s Maximo Application Suite (MAS) by offering near real-time performance tracking for solar, wind, and energy storage assets, optimizing generation, and supporting clients’ sustainability and net-zero initiatives. Founded in 2016, Prescinto manages 16 GW…
Saatvik Solar has delivered 70.2 MW of high-efficiency Mono PERC 545Wp solar modules for SJVN Limited’s power project in Punjab. These high-performance modules, made from single-crystal silicon, are designed to maximize energy output, even in low-light conditions, and feature a uniform black appearance. Their design makes them especially suitable for projects where space needs to be used efficiently.
Norwegian renewable company Hydro Energi has settled its long-term power purchase agreement (PPA) with Swedish wind farm operator Markbygden Ett. Originally signed in 2017, the PPA was intended to supply 1.65 TWh annually from 2021 to 2039, backing the financing of Markbygden’s onshore wind park in northern Sweden, which had a projected output of 2.2 TWh per year. However, due to financial difficulties, Markbygden Ett halted power deliveries to Hydro Energi on February 6, 2023,…