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Tata Power Solar partners with ICICI Bank to offer loans for solar panel purchases
Tata Power Solar Systems (TPSSL), a leading solar company in India and a subsidiary of Tata Power Renewable Energy, has partnered with ICICI Bank to offer loans for purchasing solar panels. This collaboration aims to make sustainable energy solutions more accessible and affordable for residential and corporate customers. ICICI Bank will provide customized financial solutions with attractive interest rates for purchasing solar panels from TPSSL. Customers can avail of loans up to Rs 90 lakh…
Orb Energy commissions 800 kW rooftop solar system at Esteem Industries
Orb Energy has installed an 800-kW rooftop solar system at Esteem Industries in Alonde, Wada, Maharashtra. The system is set to generate over 1 million units of electricity annually, meeting approximately 80% of Esteem Industries’ daytime electricity needs and reducing carbon emissions by around 1,000 tonnes per year. The installation is expected to produce around 3,100 kWh of solar energy daily. Esteem Industries, a surfactants and specialty chemicals manufacturer, will benefit from significant cost savings…
JBIC signs loan agreements with ADNOC for renewable energy and decarbonisation projects
The Japan Bank for International Cooperation (JBIC) has signed two project loan agreements with Abu Dhabi National Oil Company (ADNOC), totalling approximately $341 million and $130 million under a credit line established in July 2024. The loans are co-financed by Mizuho Bank Limited, Sumitomo Mitsui Banking Corporation, MUFG Bank, Limited, and The Hongkong Shanghai Banking Corporation Limited, Tokyo Branch, raising the total financing to $569 million and $217 million, respectively. These loans, part of JBIC’s…
Australia reduces Bunbury offshore wind zone size in Western region
The Australian Government has revised the planned Bunbury offshore wind zone in Western Australia, reducing its size by half to just under 4,000 km², down from the initially proposed 7,674 km². This decision follows consultations with community groups, First Nations people, fishers, industry representatives, local leaders, and unions. The revised zone in the Indian Ocean will now be at least 30 km from shore at its closest point and 40–50 km from coastal towns, compared…
AESL incorporates subsidiary to explore international transmission projects
Adani Energy Solutions Limited (AESL) has established a wholly owned subsidiary, Adani Energy Solutions Global Limited (AESGL), with an initial share capital of USD 27,000, divided into 27,000 shares at USD 1 per share. AESL holds 100% ownership of AESGL, which aims to explore new business opportunities in transmission projects outside India.
PGCIL secures LoIs for two ISTS schemes in Rajasthan
Power Grid Corporation of India Ltd (PGCIL) has received letters of intent (LoIs) for two interstate transmission system (ISTS) schemes for evacuating renewable energy from Rajasthan’s Renewable Energy Zone (REZ) Phase IV (6 GW) [Bikaner complex]. The LoIs were issued on October 21, 2024, with PGCIL confirming the notifications on October 22, 2024. The two schemes are: Transmission system for evacuation of power from Rajasthan REZ Phase IV (Part-3: 6 GW) [Bikaner complex]: Part A-…