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Home2023January

Month: January 2023

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International News

Longroad Energy receives financing for solar and BESS project

January 20, 2023

Longroad Energy, a US-based renewable developer, has reached financial close on Sun Streams III, a 285 MWdc photovoltaic (PV) and 215 MWac/860 MWh storage project. The Sun Streams III project, which is situated in Maricopa […]

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International News

Lightsource BP sells 247 MW solar project portfolio in Spain

January 20, 2023

Lightsource BP, a British solar energy company, has secured an agreement to sell its 247MW solar photovoltaic (PV) project cluster in Aragón, Spain. The solar PV cluster consists of five installations in the Spanish province […]

Expert Take

Financing Energy Transition: Domestic institutional capital can massively support India’s ambitions

January 20, 2023

By Shantanu Srivastava, Energy Analyst at the Institute for Energy Economics and Financial Analysis (IEEFA) Indian life insurers and pension funds, the biggest domestic institutional investors (DIIs) by assets under management (AUM), have largely stayed […]

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Miscellaneous

Andhra Pradesh government to procure power from SECI

January 19, 2023

The Andhra Pradesh Energy minister, Mr Peddireddi Ramachandra Reddy announced that the nine-hour free power scheme has provided farmers with assurance and security. On the occasion of Sankranti which is considered as the farmer’s festival, […]

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Financings

Loom Solar secures $2 million in fundraising

January 19, 2023

Loom Solar, a solar technology startup based in Haryana has raised $2 million in funding from the United States based asset manager Social Investment Managers and Advisors (SIMA Funds) to support its growth strategy for […]

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Financings

Adani to acquire 50 per cent stake in Rajasthan’s Essel Saurya

January 19, 2023

The Adani Renewable Energy Two Limited has signed a binding agreement to acquire a 50 per cent equity stake in Rajasthan’s Essel Saurya Urja Company (ESUCRL). According to Adani Group, ESUCRL owns and operates a […]

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International News

Masdar to construct renewable energy projects in Azerbaijan

January 19, 2023

Masdar, an energy company based in the UAE has inked agreements with the State Oil Company of the Republic of Azerbaijan (SOCAR) to develop 4 GW of wind and solar power capacity integrated with green […]

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International News

Statkraft and CIP to develop offshore wind capacity in Ireland

January 19, 2023

Statkraft, a Norwegian renewable energy producer, has agreed to build 2.2 GW of offshore wind power in Ireland with Copenhagen Infrastructure Partners’ (Cip) Copenhagen Infrastructure IV K/S (CI IV) fund. At the Bore Array and […]

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Projects

Empanelment bids invited for rooftop solar projects by West Central Railway’s Jabalpur division

January 18, 2023

The West Central Railway’s Jabalpur Division has invited bids for state-wise empanelment of agencies to implement 12 MW grid-connected rooftop solar projects in Jabalpur, Bhopal, and Kota, Madhya Pradesh, and Kota, Rajasthan. The empanelment will […]

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Projects

Bids floated for solar projects in Madhya Pradesh

January 18, 2023

Madhya Pradesh Urja Vikas Nigam (MPUVNL) has floated bids for approximately 1,110 MW of grid-connected solar projects under Pradhan Mantri Kisan Urja Suraksha evam Utthaan Mahabhiyan (PM KUSUM) component C for feeder solarisation. These projects […]

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Financings

Chara secures $4.75 million in funding Pre-Series A round

January 18, 2023

Chara Technologies Private Limited, a Bengaluru-based manufacturer of electric motors for electric vehicles (EV) has raised $4.75 million in a pre-series A round of funding led by the Exfinity Venture Partners. The round also witnessed […]

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Projects

Sunsure Energy inaugurates 15 MWp solar power plant in Uttar Pradesh

January 18, 2023

Sunsure Energy notified successful completion of its 15 MWp open access solar power plant in Uttar Pradesh’s Mahoba district. The project will help in providing 23.5 million units of clean energy on an annual basis […]

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International News

Rays Power Infra commissions 275 MW (DC) solar PV project in Bangladesh

January 18, 2023

Rays Power Infra has announced the completion of a 275 MW(DC) grid-connected solar power plant in Sundarganj, Gaibandha, Bangladesh. The project, which spans 600 acres of land (ten times the size of the Sydney Cricket […]

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International News

ACWA Power partners with Verbund for green hydrogen projects

January 18, 2023

ACWA Power, a prominent Saudi developer has signed a partnership agreement with VERBUND, Austria’s top electricity utility, to jointly explore the potential development of green hydrogen projects in the Middle East region to produce hydrogen […]

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International News

Australia releases guidelines for Townsville hydrogen hub

January 17, 2023

The government of Australia has announced rules for the Townsville Region Hydrogen Hub programme, which will invest A$70 million in the establishment of a hydrogen hub in Townsville, North Queensland. The area is set to […]

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Projects

Amp Energy signs PPA for a 200 MWp wind-solar hybrid project

January 17, 2023

Amp Energy India has signed a power purchase agreement (PPA) for a 200 MWp wind-solar hybrid project with the Solar Energy Corporation of India (SECI). The developer was awarded this capacity as part of SECI’s […]

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Projects

Cleantech Solar inaugurates 40 MWp solar photovoltaic project

January 17, 2023

Cleantech Solar has commissioned  40 MWp of its photovoltaic projects for a global industrial manufacturing company at its 280 MWp solar park in Tamil Nadu. The offtaker will purchase power from this solar park on […]

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Projects

NTPC REL and Tripura government collaborate for renewable energy

January 17, 2023

NTPC Renewable Energy Limited (NTPC REL) has signed a Memorandum of Understanding (MoU) with the Government of Tripura for development of floating and ground-mounted based renewable energy projects in Tripura. This MoU seeks to help […]

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International News

Ørsted applies to construct 15 GW of offshore capacity in Sweden

January 17, 2023

Ørsted, a Danish energy company, has submitted a request for permission to extend Sweden’s offshore wind capacity by 15 GW. The capacity will be extended by the company near Sweden’s southern tip and  the Gulf […]

Knowledge Bank

National Green Hydrogen Mission Document

January 16, 2023

The Ministry of New and Renewable Energy (MNRE) has released a detailed document of its National Green Hydrogen Mission. The overarching objective of the mission is to make India, a global hub for production, usage […]

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