TP Parivart has signed a Power Delivery Agreement (PDA) with Tata Steel for a 70 MW group captive solar power plant in Akola, Maharashtra. The project is expected to generate 154 million units (MUs) of power annually and reduce carbon emissions by 115,000 tonnes.
TP Parivart is a subsidiary of Tata Power Renewable Energy (TPREL), itself a subsidiary of Tata Power.
REC Limited has raised $500 million through green dollar bonds as part of its $10 billion global medium-term programme. This 5-year bond has a coupon rate of 4.75% per annum, with semi-annual payments, and is set to mature on September 27, 2029. It marks the first US dollar bond issuance by an Indian public sector enterprise in 2024. The funds raised under REC’s Green Finance Framework will be allocated to eligible green projects in line…
Hithium Energy Storage Technology has partnered with Nabilah AlTunisi’s company, MANAT, to launch a joint venture named Hithium MANAT. The venture will establish a battery energy storage systems (BESS) manufacturing facility with a 5 gigawatt-hour (GWh) annual production capacity in Saudi Arabia. This marks one of the first advanced BESS manufacturing plants in the Kingdom and the wider MENA region, supporting Saudi Arabia’s Vision 2030. The partnership was announced at the Solar & Storage Live…
TotalEnergies has commenced commercial operations of its Danish Fields and Cottonwood solar farms in southeast Texas. Danish Fields, the company’s largest US solar project, has a capacity of 720 MWp and features 1.4m photovoltaic panels along with a 225 MWh battery storage system. Seventy per cent of the solar farm’s output is contracted through long-term corporate power purchase agreements (CPPAs), while the remaining capacity will decarbonize TotalEnergies’ Gulf Coast operations. The 455 MWp Cottonwood solar…
Iberdrola has secured grid access for its 100 MW Ekienea solar PV project in the Basque Country, Spain. The project is a private-public collaboration involving the Basque Energy Agency (EVE), the regional council of Alava, and the Mondragon Group, a Basque cooperative of companies.
Kibo Energy has signed a binding term sheet with Swiss company ESGTI for a reverse takeover to acquire a diverse portfolio of renewable energy projects. The deal targets a generation capacity of 20 GW across Europe and Africa within six years, encompassing 36 development projects in 15 countries. Valued at €400 million ($445 million), the acquisition marks Kibo’s strategic shift away from coal and waste-to-energy projects in Sub-Saharan Africa, managed by its subsidiary Kibo Mining…
Madhya Pradesh and Uttar Pradesh are set to collaborate on a 2 GW solar power project to address seasonal electricity demands. The project will supply power to Uttar Pradesh in the first half of the year and to Madhya Pradesh in the second half. The solar plant, with a capacity of 2 GW, is proposed to be built in Morena, Madhya Pradesh. Invitations for bids are expected within four months, with construction slated to begin…
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