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Home2024December

Month: December 2024

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Private Sector

INOXGFL Group launches Inox Solar with a 5 GW module capacity target by 2026

December 13, 2024

Reportedly, INOXGFL Group has launched of Inox Solar to enter into solar manufacturing. The company plans to achieve a manufacturing capacity of 5 GW for solar modules and 2.5 GW for solar cells by 2026, […]

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International News

NEA’s 400 kV Barhabise substation achieves 70 per cent completion in Nepal

December 13, 2024

The Nepal Electricity Authority (NEA) has reported that construction of the 400 kV Barhabise substation in Sindhupalchowk has reached 70 per cent completion. This substation is key to transmitting electricity from hydroelectric projects on the […]

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Central Sector

MNRE releases List-II for solar PV cells under ALMM framework

December 12, 2024

The Ministry of New and Renewable Energy (MNRE) has introduced the List-II for solar photovoltaic (PV) cells under the approved list of models and manufacturers (ALMM) from June 1, 2026. The projects required to use […]

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State Sector

MERC and GEAPP partner to integrate renewable energy sources in Maharashtra

December 12, 2024

The Maharashtra Electricity Regulatory Commission (MERC) and Global Energy Alliance for People and Planet (GEAPP) have signed a statement of intent to support Maharashtra’s energy transition by integrating renewable energy sources and advancing grid management […]

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Private Sector

Reliance Power establishes subsidiary: Reliance NU Energies for renewable energy projects

December 12, 2024

Reportedly, Reliance Power Limited has incorporated Reliance NU Energies Private Limited, a subsidiary dedicated to renewable energy projects. The new entity will focus on solar, wind, hybrid systems, and advanced energy storage solutions, including pumped […]

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Projects & Ventures

Juniper Green Energy signs 1 GW solar module supply agreement with First Solar

December 12, 2024

Juniper Green Energy Limited has signed an agreement with First Solar for the supply of 1 GW of Series 7 FT1 cadmium telluride (CdTe) thin-film photovoltaic modules. The modules, to be sourced from First Solar’s […]

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Private Sector

Gentari secures PPA with AMG Ammonia for 650 MW RTC green energy supply

December 12, 2024

Gentari Renewables India Castor One Private Limited, a wholly owned subsidiary of Gentari, has signed a power purchase agreement with AM Green Ammonia India Private Limited (AMG Ammonia) to supply 650 MW of round-the-clock (RTC), […]

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Private Sector

Mahindra Susten secures Rs 14.48 billion financing from HDFC Bank and Axis Bank

December 12, 2024

Martial Solren, a wholly owned subsidiary of Mahindra Susten Private Limited, has secured a rupee term loan worth Rs 14.48 billion from HDFC Bank and Axis Bank. The funds will be utilised for the development […]

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International News

Angola opens electricity transmission sector to private investors

December 12, 2024

The Angolan government has passed the amendments to the General Electricity Law and officially terminated the state’s monopoly on the electricity transmission sector, thereby opening new avenues for private sector participation. According to Secretary of […]

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Central Sector

Central government approves 2,000 MW solar park in Rajasthan

December 11, 2024

The Central government has approved the development of a 2,000 MW solar park in Rajasthan, with 30 per cent central financial assistance. The project will be developed by Rajasthan Solar Development Corporation. Rajasthan has an […]

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Projects & Ventures

Waaree Energies secures order for 1 GW solar PV modules from a leading renewable power developer

December 11, 2024

Waaree Energies Limited has received an order for the supply of 1 GW of solar photo voltaic (PV) modules. The supply is scheduled to commence in 2024 and continue through 2026, and the order is […]

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Projects & Ventures

GE Vernova T&D secures order from Sterlite Power for 765 kV transformers and reactors

December 11, 2024

GE Vernova T&D India Limited has received an order from Sterlite Power for the supply and supervision of 765 kV power transformers and reactors for the Khavda project. The contract is to be executed within […]

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Private Sector

Adani Group to invest over Rs 7 trillion in Rajasthan’s renewable energy sector

December 11, 2024

Reportedly, Adani Group has planned to invest over Rs 7 trillion in Rajasthan in various sectors including renewable energy. The Adani Group also plans to develop 100 GW of renewable energy capacity. The investment, which […]

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Private Sector

Continuum Green Energy files DRHP with SEBI for IPO

December 11, 2024

Reportedly, Continuum Green Energy Limited has filed a draft red herring prospectus (DRHP) with the Securities and Exchange Board of India (SEBI) to raise Rs 36.5 billion through an initial public offering (IPO). The IPO […]

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Private Sector

Avaada Group commits Rs 1 trillion for renewable energy projects in Rajasthan

December 11, 2024

Reportedly, Avaada Group has pledged an investment of Rs 1 trillion to develop Rajasthan into the world’s largest renewable energy hub. The investment aims to drive green manufacturing in the state and is expected to […]

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International News

Malaysia’s TNB and Sembcorp to export renewable energy to Singapore

December 11, 2024

Tenaga Nasional Bhd (TNB) and Sembcorp Power Private Limited have signed an agreement for Malaysia’s first renewable energy export to Singapore, supplying 50 MW of electricity. This initiative follows the Energy Exchange Malaysia auction in […]

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Central Sector

PFCCL incorporates SPV for transmission system expansion in North-Eastern Region

December 10, 2024

PFC Consulting Limited (PFCCL), a wholly owned subsidiary of Power Finance Corporation Limited, has incorporated a special purpose vehicle (SPV) named NER Expansion Transmission Limited to develop the “North-Eastern Region Expansion Scheme-XXV Part-A (NERES-XXV Part-A).” […]

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Private Sector

ReNew commissions 750 MW of 1 GW solar project in Rajasthan

December 10, 2024

ReNew has commissioned 750 MW of its 1 GW solar project in Rajasthan, with the remaining 225 MW expected to be operational by January 2025. The project is being developed in partnership with the Solar […]

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Private Sector

Solar91 Cleantech gets approval for SME IPO

December 10, 2024

Reportedly, Solar91 Cleantech has received the necessary approvals from the Bombay Stock Exchange to launch its small medium enterprise (SME) initial public offering (IPO). The IPO includes the issuance of up to 5.43 million equity […]

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Private Sector

Premier Energies to invest Rs 52.92 billion in solar manufacturing facilities in Telangana

December 10, 2024

Reportedly, Premier Energies Limited has planned to invest Rs 52.92 billion to establish manufacturing facilities for solar cells, modules, ingots, silicon wafers, and aluminium extrusions in Telangana. This initiative includes the development of a 4 […]

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