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NTPC and RRVUNL form JV for 25,000 MW renewable energy projects in Rajasthan
NTPC Green Energy Limited (NGEL), a subsidiary of NTPC Limited, and Rajasthan Rajya Vidyut Utpadan Nigam Limited (RRVUNL) have established a joint venture (JV) named “NTPC Rajasthan Green Energy Limited” to develop 25,000 MW renewable energy projects in Rajasthan. NGEL holds a 74% equity stake in the JV, while RRVUNL holds 26%. The company will…
Philippines and UAE sign MoU for energy transition cooperation
The Governments of the Philippines and the United Arab Emirates (UAE) have signed a memorandum of understanding (MoU) to strengthen cooperation in energy transition. The agreement focuses on key areas such as renewable energy, liquefied natural gas, nuclear energy, power infrastructure, and emerging technologies. An implementation agreement with a UAE state-owned firm is expected in…
SUN Energy secures USD 10 million facility from SMBC Indonesia
SUN Energy has partnered with PT Bank SMBC Indonesia to obtain a USD 10 million Multi Option Trade Facility. The financing will support raw material procurement and expand solar energy projects in Indonesia’s commercial and industrial sectors. SMBC Indonesia, which disbursed nearly USD 1.1 billion in sustainable loans by September 2024, will provide financial tools…
Delhi raises rooftop solar subsidy to Rs 108,000 per household
The Delhi government has approved an additional subsidy of Rs 30,000 for installing 3 kW rooftop solar systems. This is over and above the Rs 78,000 subsidy provided by the central government under the PM Surya Ghar: Muft Bijli Yojana (PMSGMBY), bringing the total subsidy support to Rs 108,000. Households installing such systems can expect…
Kerala leases land to KMRL for 12 MW solar project in Kasargod
The Government of Kerala (GoK) has leased 50 acres of land to Kochi Metro Rail Limited (KMRL) for developing a 12 MW solar power project in Kasargod district. The lease term is 30 years, with an annual rent of Rs 3.205 million. The solar project will be set up at Ambalathara village in Hosdurg taluk….
Bondada wins EPC contract for 100 MWh VRFB project at Khavda
Bondada Engineering Limited has received a Notification of Award (NOA) from NTPC Renewable Energy Limited (NTPC REL) for the Engineering, Procurement and Construction (EPC) package of a 100 MWh Vanadium Redox Flow Battery Energy Storage System (VRFB BESS) at Khavda Solar Park in Gujarat. According to the company’s regulatory filing, the project will be executed…
