The Asian Development Bank (ADB) has granted a $200 million loan to enhance the quality, efficiency, and reliability of the power supply in Uttarakhand, India. This project will assist Uttarakhand in realising its objective of […]
Waaree Energies Limited has collaborated with IRCON Renewable Power Limited to supply more than 200 MW of solar PV modules in adherence to domestic content requirement. The Indian Renewable Energy Development Agency has awarded a […]
Kerala has designated Rs 0.9 billion for the initial phase of green hydrogen valley and more than Rs 124 billion for the green transport corridor projects. The earmarked budget of Rs 0.9 billion will be […]
Bihar State Power Generation Company Limited (BSPGCL) has issued a request for proposals (RfPs) for development of a 10 MW floating solar project. To be located on Phulwaria Dam, the project will be developed on […]
Adani Green Energy Limited (AGEL) has revealed additional funding of $1.36 billion to enhance its construction financing framework to $3 billion. This financial boost has been supported by a group of international banks. The green […]
According to a report showcased during COP 28 in Dubai, jointly issued by the International Solar Association and Long Duration Energy Storage (LDES) Council, the solar capacity could reach 75,000 GW by 2050 with long […]
Goldi Solar has won an order for modules supply from ENGIE India. As part of a 25-year solar power purchase agreement with Gujarat Urja Vikas Nigam Limited, the contract involves providing 190 MW of modules […]
Tata Power Limited has received letter of intent (LoI) for the acquisition of Bikaner-III Neemrana-II Transmission Limited, a special purpose vehicle of PFC Consulting Limited. The transmission project, which has been won as a part […]
Vattenfall and BASF are in advanced and exclusive discussions to partner on the Nordlicht 1 and 2 projects through a sale of 49 per cent of the project shares to BASF. Both parties have signed […]
Eolus has signed an agreement to acquire YIT Energy Oy, the renewable energy division of YIT. Eolus will acquire 100 per cent of the shares in YIT Energy Oy, a wholly owned subsidiary of YIT, […]
The UK’s development finance institution and impact investor, British International Investment (BII), has committed $25 million to the first closing of the GEF South Asia Growth Fund III (GEF SAGF III). The Fund will primarily […]
Indian Energy Exchange recorded a 17.5 per cent year-on-year (YoY) increase in growth, attaining a total volume of 9,136 million units (MUs). This also includes 755,000 renewable energy certificates (RECs) equivalent to 755 MU, at […]
At COP28, ReNew Energy Global Plc and Asian Development Bank (ADB) signed MoU to work together on projects focused on mitigating and adapting to climate change. The MoU encompasses projects with a total investment exceeding […]
The Solar Energy Corporation of India (SECI) has issued request for proposals for developing 1,350 MW inter-state transmission system (ISTS) connected wind projects, tranche-XVI with a greenshoe option of additional 700 MW. The projects will […]
COP 28 Finance Day unlocked significant progress on international financial architecture reform to support low-income and vulnerable countries to fight climate change. Major international financial institutions and countries made new commitments to offer climate-resilient debt […]
Iberdrola and Masdar have signed a €15 billion strategic collaboration deal to jointly develop offshore wind and green hydrogen projects in Germany, the UK, and the US. Following the successful co-investment in Baltic Eagle in […]
Gujarat has entered into MoUs with MeOH Giga Battery from Australia and Australian Premium Solar Pty Ltd. The aim is to expedite the achievement of its renewable energy capacity. Welspun and Kiri Industries, have also […]
India has joined the battery energy storage systems (BESS) consortium, an initiative of the Global Leadership Council of the Global Energy Alliance for People and Planet (GEAPP), at the 2023 United Nations Climate Change Conference […]
The Arunachal Pradesh State Electricity Regulatory Commission (APSERC) has introduced the draft “Terms and Conditions for Green Energy Open Access (GEOA) and Methodology for Calculation of Charges Regulations, 2023,” which is a major step towards […]
The Asian Development Bank (ADB) has given its approval for a $250 million policy-based loan aimed at enhancing the financial sustainability of India’s power sector and promoting the transition towards renewable energy. This policy-based loan […]
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