Waaree Energies has secured an order to supply up to 180 MWp of solar modules to a prominent renewable energy developer in India.
Deliveries are set to begin at the end of November 2024 and conclude by the fourth quarter of fiscal year 2025.
This contract underscores Waaree’s role in advancing India’s renewable energy infrastructure.
NHPC Limited has commenced construction activities for the 260 MW Dulhasti Stage-II Project in Jammu & Kashmir. Shri Sanjay Kumar Singh, Director (Projects), NHPC, inaugurated the works on May 27, 2026 by taking the first blast for the Adit to Head Race Tunnel (HRT) through the existing Adit. During the event, Singh congratulated officials of…
Indian Renewable Energy Development Agency Limited (IREDA) has raised Rs 9.1 billion through privately placed subordinated Tier-II bonds. The bonds, issued with a 10-year tenure, carry an annual coupon rate of 7.74 per cent. The capital raised will enhance IREDA’s Tier-II capital, strengthening its net worth and improving its capital to risk-weighted assets ratio. The…
Kirloskar Solar Technologies Private Limited has received a Letter of Award (LoA) worth Rs 483.85 million from NTPC Vidyut Vyapar Nigam Limited (NVVN), a subsidiary of NTPC Limited, for setting up rooftop solar power projects across three Indian states. The cumulative capacity of 11.77 MW will be deployed at various sites under the Central Armed…
Shakti Pumps has completed its qualified institutions placement (QIP) issue, raising Rs 2.926 billion from institutional investors. The shares were issued at Rs 918.00 each, reflecting a 4.97 per cent discount to the Securities and Exchange Board of India’s floor price of Rs 965.96. The funds will be used to set up a greenfield manufacturing…
Uttar Pradesh Power Corporation Limited (UPPCL) has completed the e-reverse auction for its 375 MW / 1,500 MWh Battery Energy Storage System (BESS) tender under the Viability Gap Funding (VGF) Tranche 2 scheme. Three bidders have been selected to develop standalone storage projects on a build-own-operate basis. KCC Buildcon Private Limited and Agastya Energy Industries…
Yinson Renewables has obtained $59 million in senior secured green financing for the 97 MW peak Matarani solar project in Peru. The financing, arranged by IDB Invest and Natixis Corporate & Investment Banking (Natixis CIB), adheres to the Green Loan Principles 2023. The Matarani solar project, located near Arequipa, is Peru’s first non-subsidized operational solar…