Similar Posts
Servotech Power Systems launches new solar product line
Servotech Power Systems Limited (Servotech) has introduced a new range of solar products, including solar on-grid inverters with capacities from 1 kW to 100 kW, and solar hybrid inverters available in single-phase (2 kW to 7.5 kW) and three-phase (10 kW to 22.5 kW) options. The product lineup also includes solar micro inverters in 800 W and 1600 W capacities. Additionally, Servotech has launched battery energy storage systems for domestic use, with capacities ranging from…
NHPC floats tender for 1.2 GW ISTS-connected solar power projects
NHPC Limited has issued a tender for setting up 1.2 GW of interstate transmission system (ISTS)-connected solar power projects across India, with an optional greenshoe capacity (Tranche-IX). The projects can be located anywhere in India, with a bid submission deadline of November 4, 2024. The maximum capacity a bidder can secure is 600 MW, extendable to 1200 MW with the greenshoe option. For projects in northeastern states and special category regions, the minimum capacity is…
SJVN inks MoU with Rajasthan government for 7 GW renewable energy projects
SJVN has signed a Memorandum of Understanding (MoU) with the Energy Department of Rajasthan to advance renewable energy development in the state. As part of the MoU, SJVN will develop 5 GW of pumped storage projects and 2 GW of floating solar projects in Rajasthan. The agreement was formalized in the presence of Rajasthan’s Chief Minister, Bhajan Lal Sharma, and signed by Akhileshwar Singh, Director (Finance) SJVN, and Om Kasera, Managing Director of RRECL. SJVN…
Rosa Power becomes zero-debt company
Rosa Power Supply Company, a subsidiary of Reliance Power, has achieved zero-debt status after prepaying Rs 13.18 billion to Singapore-based lender Varde Partners. The company initially paid Rs 8.33 billion in September, followed by the remaining Rs 4.85 billion to complete its debt repayment ahead of schedule. The loan, taken in 2022 for refinancing and cost reduction, has now been fully cleared. Reliance Power is concurrently enhancing its financial stability through a Rs 15.25 billion…
EU grants EUR 998 million to boost green hydrogen production in Netherlands
The European Commission has granted EUR 998 million to a Dutch scheme to promote green hydrogen production, along with EUR 80 million to Djewels, a subsidiary of HyCC, to advance its green hydrogen technology. This funding supports the EU Hydrogen Strategy and the European Green Deal, which aim to develop green hydrogen, produced through the electrolysis of water using renewable energy. The funding will support the construction of at least 200 MW of electrolysis capacity,…
Genus Power establishes subsidiary for advanced metering infrastructure project
Genus Power Infrastructure Limited has established a wholly-owned subsidiary named Genus Dhundar Smart Metering SPV Private Limited. This new entity, with an authorized and subscribed capital of Rs 0.1 million, has been created to execute an advanced metering infrastructure service provider (AMISP) contract. The subsidiary will operate within the power infrastructure and distribution sector, focusing on advanced metering solutions.