Editorial
Month: May 2024
International News
MGreen subsidiaries secure funding of PHP3 billion for solar projects in the Philippines
Greenergy for Global Incorporation (GGI) and Greentech Solar Energy Incorporation (GSEI), two subsidiaries of MGen Renewable Energy Incorporation (MGreen), have secured a total of PHP2.825 billion in loans from Security Bank to fund their solar […]
Private Sector
Avaada Group secures Rs 3.15 billion financing for solar project in Karnataka
Avaada Energy, the renewable energy division of Avaada Group, has secured approximately Rs 3.15 billion in financing from Aseem Infrastructure Finance Limited. The funding will support Avaada Energy’s solar photovoltaic power project, which is being […]
State Sector
Jakson Green secures Rs 600 million renewable energy funding from HSBC India
Jakson Green has secured a sustainable trade facility of Rs 600 million from HSBC India. The funding will support the company’s working capital requirements for its renewable energy business, both in India and internationally. Jakson […]
Central Sector
RECPDCL hands over two SPVs to successful bidders for power transmission projects
REC Power Development and Consultancy Limited (RECPDCL) has handed over two project-specific special purpose vehicles (SPV)Â formed for implementation of two power transmission projects. The SPVs, namely Khavda IV-E2 Power Transmission Limited and NERES XVI […]
International News
Air Liquide issues EUR500 million green bond to finance sustainable energy projects in Singapore
France-based Air Liquide has issued a new EUR500 million green bond to finance or refinance flagship energy transition and sustainable projects in Singapore. The projects will particularly focus on low-carbon hydrogen, carbon capture, and low-carbon […]
Projects & Ventures
Madhav Infra secures LoA from NSPCL to set up solar PV project
Madhav Infra Projects Limited has secured the letter of award from NTPC-SAIL Power Company Limited (NSPCL) to set up a 15 MW floating solar photo voltaic (PV) project at Maroda Reservoir-I of NSPCL in Bhilai, […]
Central Sector
Powergrid commissions transmission project to connect Jamnagar oil refinery with Jam Khambaliya ISTS pooling station
Power Grid Corporation of India Limited (Powergrid) has commissioned the transmission project connecting Reliance Industries Limited’s Jamnagar oil refinery to Jam Khambaliya inter-state transmission system (ISTS) pooling station. The project includes a 400 kV double-circuit […]
Projects & Ventures
Suzlon secures 551.25 MW order for its 3 MW series from Aditya BirlaÂ
Suzlon Group has secured a new order for the development of 551.25 MW wind power project for the Aditya Birla Group. Suzlon will install 175 wind turbine generators with a hybrid lattice tubular tower and […]
Central Sector
MNRE waives of ALMM and RLMM requirements for green hydrogen plants
The Ministry of New and Renewable Energy (MNRE) has waived of Approved List of Models and Manufacturers (ALMM) on solar modules and Revised List of Models and Manufacturers (RLMM) on wind turbines for renewable energy […]
International News
UAE based-firm to develop renewable energy projects in Indonesia
Masdar has signed a memorandum of understanding with Pertamina Power Indonesia, focusing on the development of solar, wind, and green hydrogen projects in the country. Additionally, Masdar signed a joint development study agreement with PLN […]
Central Sector
GAIL inaugurates 10 MW green hydrogen facility in Madhya Pradesh
GAIL India Limited has commissioned its first green hydrogen facility in Vijaipur, Â Madhya Pradesh. The plant has a capacity to produce 4.3 tonnes per day of hydrogen with a purity of 99.99 per cent. The […]
Central Sector
Coal India incorporates subsidiary for coal gasification business
Coal India Limited (CIL) has announced the incorporation of a subsidiary firm, Bharat Coal Gasification and Chemicals Limited (BCGCL) for undertaking a coal-to-chemicals business. CIL holds a majority 51 per cent stake in the new […]
Private Sector
AESL board approves fundraising of up to Rs 125 billion
Adani Energy Solutions Limited (AESL)’s board of directors has approved a fundraise of up to Rs 125 billion ($1.50 billion). The company will raise funds via the issuance of shares or other securities by way […]
State Sector
GERC notifies draft GERC (Net Metering Rooftop Solar PV Grid Interactive Systems) (Fourth Amendment) Regulations, 2024
The Gujarat Electricity Regulatory Commission (GERC) has notified the draft GERC (Net Metering Rooftop Solar PV Grid Interactive Systems) (Fourth Amendment) Regulations, 2024. In an effort to improve the integration of higher solar capacities into […]
Reforms and Regulations
CERC notifies CERC (Procedure, Terms and Conditions for grant of Transmission Licence and other related matters) Regulations, 2024
The Central Electricity Regulatory Commission (CERC) has notified CERC (Procedure, Terms and Conditions for grant of Transmission Licence and other related matters) Regulations, 2024. As per the regulation, no person shall be eligible for grant […]
International News
Aboitiz to launch 200 MW of new solar and geothermal projects in the Philippines
Aboitiz Renewables Incorporationhas announced the launch of several new solar and geothermal projects, which will collectively add over 200 MW of capacity to the power grid in the Philippines. Some key projects include the 159 […]
Private Sector
Emmvee Group signs contract for supply of 600 MWp solar modules
Emmvee Photovoltaic Power has signed an agreement with Hero Future Energies for supplying 600 MWp solar modules. Emmvee will deliver high-efficiency solar modules over the course of two years. The Emmvee Group is a manufacturer […]
Private Sector
REnergy Dynamics expands into renewable energy market
REnergy Dynamics has entered the renewable energy sector, aiming for an order book of Rs 50 billion by 2029. Currently, the company has projects worth Rs 5.75 billion in various stages of execution.The  growth will […]
Central Sector
NTPC suggests pooling its entire capacity to provide power to discoms
 Reportedly, NTPC Limited has proposed to the power ministry to pool its “entire capacity” for the sale of power to discoms. Presently, power purchase agreements (PPAs) signed with power distribution companies specify the particular […]