India

Indian power producer SJVN Ltd (BOM:533206) introduced today it has actually achieved financial close for a 70-MW solar project in the state of Gujarat.

Indian independent power manufacturer (IPP) Azure Power has appointed Harsh Shah as CEO, reliable from 1 July, following the resignation of its previous CEO, Ranjit Gupta, last month.

Tata Power Solar has landed what it claims to be India's biggest single solar EPC order of 1GW for roughly INR5500 crore (US$ 715 million) from Indian state-owned utility SJVN Ltd

The entry of the tender e-bidding starts 4th May, 2022 and also the last date of e-bid entry is kept 25th May. The pre-bid meeting will occur on 13th May, 2022.

Tata Power Renewable Energy Limited (TPREL), a 100 percent subsidiary of Tata Power, has commissioned the solar project, which will generate 305247 MWh every year for Gujarat Government (GUVNL), a firm statement claimed.

Indian state-owned power producer NTPC has actually launched a tender for large-scale battery storage space, simply a couple of days after the Solar Energy Corporation of India (SECI) also started a comparable solicitation process.

Private equity company Actis has consented to market its Sprng Energy renewables platform to energy significant Shell for US$ 1.55 billion.

India is making a fast-paced transition in the direction of renewable resource. With bountiful sunshine throughout the year in many parts of the nation, it is no surprise that utilizing the full potential of solar power is the cornerstone of India's RE push.

Indian solar programmer as well as power manufacturer Azure Power Global Ltd (NYSE: AZRE) introduced today that it has actually commissioned 90 MW of solar sites in India's state of Assam.

Indian Independent power producer (IPP) ReNew Power has signed a variety of offtake agreements with both state utilities and corporates in India totalling roughly 2GW.

The objective of the MoU is to collaborate and formalize a long-term strategic partnership for the release of Energy Vault's EVx ™ gravity-based energy storage technology and software solutions based upon the outcome of a joint feasibility study.

Indian group Borosil Renewables is obtaining Europe's largest solar glass maker. With major websites in Germany and Liechtenstein, Borosil intends to boost manufacturing capacity to 2,600 tonnes per day, making it feasible to provide solar glass for greater than 15 GW of PV modules from 2025.

Jochen Flasbarth got on a two-day state visit, essentially preparing ground for Prime Minister Narendra Modi's upcoming visit to Germany next month. Germany wishes to partner with India to heighten green as well as sustainable development.

PV module prices in India have increased by ~ 38% in the last 20 months, in part due to provide chain disruptions and also increasing solar demand, with rates not expected to drop till completion of following year.

A consortium led by exclusive equity giant BlackRock Real Assets has gotten a 10.53% stake in Tata Power Renewables with a INR4,000 crore (US$ 525 million) financial investment.