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Enerparc Energy secures financing from PTC India Financial Services
Enerparc Energy has secured financing from PTC India Financial Services Limited to support the development of its renewable power projects in India. The funding will be used to develop renewable energy assets serving the Commercial & Industrial (C&I) segment, which continues to emerge as a key market for clean energy deployment in the country. Project…
Crompton Greaves, RMC Switchgears win MSEDCL solar pump orders
Maharashtra State Electricity Distribution Company Limited (MSEDCL) has awarded separate contracts to Crompton Greaves Consumer Electricals Limited and RMC Switchgears Limited for the supply and installation of solar photovoltaic water pumping systems under the state’s agricultural solarisation programme. Crompton Greaves Consumer Electricals has received an additional allocation under its existing empanelment and rate contract for…
thyssenkrupp nucera wins FEED contract for 260 MW hydrogen project
Germany’s thyssenkrupp nucera has been awarded a Front-End Engineering and Design (FEED) study for a 260 MW green hydrogen project in India, its first engagement in the country’s hydrogen sector. The FEED contract has been signed with Juno Joule Green Energy Private Limited, which, along with SELECT Energy GmbH, is developing an integrated green hydrogen…
Refex Green Power establishes SPV for 100 MW solar project
Refex Green Power Limited (RGPL), a subsidiary of Refex Renewables & Infrastructure Limited, has incorporated Refex Solar SPV Five Limited to implement a 100 MW solar power project awarded by NTPC Limited. Refex Solar SPV Five, wholly owned by RGPL, has been set up with a paid-up equity share capital of Rs 1 million. The…
ADB approves USD 650 million loan for India’s rooftop solar program
ADB has approved a USD 650 million policy-based loan to support India’s plan to expand rooftop solar and deliver clean, affordable electricity to 10 million households by 2027. The funding is part of Subprogram 1 of the Accelerating Affordable and Inclusive Rooftop Solar Systems Development Program, which is linked to the Pradhan Mantri Surya Ghar…
PGCIL signs green loan agreement with SMBC for RE integration
Power Grid Corporation of India Limited (PGCIL) has signed a green loan agreement with Sumitomo Mitsui Banking Corporation (SMBC) at GIFT City, Gandhinagar, Gujarat. The agreement, denominated in JPY for the US dollar equivalent of $200 million with a greenshoe option of $150 million, will support critical infrastructure development for renewable energy (RE) evacuation and…
