NHPC to form JV for implementation of 850 MW Ratle Hydroelectric Project

State-owned hydropower giant NHPC is going to form a joint venture with, Jammu and Kashmir State Power Development Corporation Ltd (JKSPDCL) under the name of ‘Ratle Hydroelectric Power Corporation Ltd’, to implement an 850-megawatt (MW) hydroelectric project in Chenab river basin, according to a BSE filing. To that effect, “a promoters agreement has been signed on April […]

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Tata Power puts on stream additional 400 MW of new solar capacity to avail of PLI scheme

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Tata Power Solar Systems has put on stream an additional 400 MW solar module and cell manufacturing capacity, taking the total capacity to 1,100 megawatts (MW), from 700 MW that existed earlier. The company said it expected the demand to increase “due to supportive policy steps” taken by the government. The announcement was made on […]

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Radiance Renewable acquires solar rooftop assets of Azure Power

Radiance Renewables, a 100 percent subsidiary of the Green Growth Equity Fund (GGEF), which is managed by EverSource Capital, India’s leading Climate fund has signed an agreement with Azure Power Global Limited to acquire the latter’s rooftop assets.  According to Radiance’s statement, the acquisition deal worth Rs 536.5 crore, includes 152.5 megawatt (MW)  of projects, […]

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India has 170 GW of renewable energy capacity operational or under development: Power Minister

As much as 170.14 gigawatts (GW) of renewable energy capacity, excluding large hydropower units, has either been installed or under various stages of development or bidding at February-end this year, India’s power minister, R.K. Singh informed the Parliament. The statement assumes significance in view of India’s ambitious target of having 175 GW installed renewable energy […]

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Adani Green ready with $1.35 billion fund to finance 1.7 GW hybrid renewable projects

Adani Green Energy has raised $1.35 billion in foreign loans from 12 international banks to finance hybrid (wind+solar) renewable projects in Rajasthan. The revolving project finance facility would initially finance the 1.69 GW hybrid portfolio of solar and wind renewable projects to be set up in four SPVs (special purpose vehicles) in Rajasthan, AGEL said in […]

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JSW Energy and others win 1.2 GW wind power bids in Karnataka

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JSW Energy, Adani Power, Ayana Renewable and Evergreen Renewables have emerged winners in SECI’s (Solar Energy Corporation of India) pure wind energy auction for 1.2 gigawatt (GW) capacity in Karnataka. The auction discovered tariffs significantly below the reserve price.  The last pure wind capacity auction in the country was conducted 18 months ago. SECI had put […]

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Solar projects weather the pandemic: Fitch

The global pandemic has had little effect on solar projects as they outperformed wind projects throughout the world for the third-straight year, according to a new report by Fitch Ratings.  Electricity production from solar projects continues to exceed initial estimates with many solar projects performing so well operationally that some ratings are equivalent to those […]

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India will need to boost share of renewable energy to 16%-18% to meet target: Moody’s

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India will need to boost its share of renewable energy to 16%-18% from 10% of the country’s total electricity generation if it wants to achieve a target of 175-gigawatts clean energy capacity by 2022, according to Moody’s Investors Service. The country is targeting a five-fold increase in renewable energy capacity to 450 Gigawatts by 2030. Despite missed […]

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