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India’s Adani Green Energy buys operational 205MW from Essel Group
Indian energy giant Adani Green Energy Limited has inked a deal to purchase 205MW of contracted and operational solar assets from Essel Group for an enterprise price of INR1,300 crore (US$182 million).
The purchased assets are in the states of Punjab, Karnataka and Uttar Pradesh and have long-term power purchase agreements (PPAs) with state electricity distribution companies that average around 22 years.
The deal was made with Essel Green Energy Private Limited and Essel Infraprojects, entities of the debt-laden Essel Group. The Mumbai-based conglomorate is run by Indian billionnaire Subhash Chandra, and is best known for its television and media businesses.
Essel Infrastructure counts 685MW of solar assets of which 310MW are operational. The group is looking to offload the remainder of its portfolio in order to shrink its debt, according to reports in India’s Business Today and Live Mint.
In a statement on Thursday, Adani Green Energy CEO Jayant Parimal said his company, one of the largest renewable power generation companies in India, now owns 5.5GW of renewable power, of which 2.5GW has been commissioned.
In May, Adani Green Energy switched on a 50MWac solar PV project in Uttar Pradesh.
Sep 1, 2019 // Plants, Large-Scale, Commercial, Grids, India, Asia, South Asia, Adani Green Energy, Essel Group
Technique Solaire protects EUR 25m, eyes 1-GW solar portfolio by 2024
solar in operation and incomplete, including 141 MWp in France and 29 MWp in India.
In addition, the company prepares to operate 18 MW of biogas capability by
Jul 28, 2020 // Markets & Finance News, Technique Solaire
'New milestone': Total and EDF protected enormous ability at Indian solar tender
successes in Indian tenders come as Total is increasing its power change efforts. The oil major has simply raised its renewable energy target to 35GW by 2025,
Oct 1, 2020 // Plants, Large-Scale, Commercial, Markets & Finance News, EDF, tender, Total, EDEN Renewables, Frédéric Belloy, Fabienne Demol
IEA's initial Electricity Market Report sees need dropping as a result of COVID-19
summer season as well as autumn, major consumers consisting of the USA, India, Europe, Japan, Korea and also Southeast Asia are all set to experience
Dec 18, 2020 // Market Research, USA, France, UK, China, Europe, Asia, North America, covid-19, International Energy Agency's, IEA's
Clean energy company Husk indicators UN energy compact as it starts solar mini-grid growth in Nigeria, rest of Africa
start-up, currently with operations in Nigeria, Tanzania and also India (Uttar Pradesh as well as Bihar), has established an ambitious objective of
Jan 27, 2022 // Markets & Finance News, Policy, Africa, Nigeria, Manoj Sinha, Husk Power Systems, Kanika Chawla
Draft Solar Policy of Delhi Wants 6000 MW Installation by 2025
from 9 percent to 25 percent by 2025. It will certainly be the greatest in India, specified Sisodia.
The solar policy draft will continue to be in the public
Jan 2, 2023 // Policy, India, Asia, rooftop solar, Delhi Draft Solar Policy, Delhi government, Delhi Solar Cell, Deputy Chief Minister Manish Sisodia, generation-based incentives, Manish Sisodia
Enphase beats Q1 advice but semiconductor scarcities weigh heavy on forecasts
fully commited to broadening production capability in both Mexico and also India-- devices has actually already been acquired to establish a second line at its
Apr 28, 2021 // Manufacturing News, Residential, Markets & Finance News, USA, Enphase Energy, inverter, North America, Badri Kothandaraman, microinverter, semiconductor shortage
JinkoSolar Signs Lasting Deal with Germany's Wacker For Polysilicon
state-of-the-art specialty chemical products. WACKER presently operates in India as two distinctive legal entities-- the 51% completely combined subsidiary,
Aug 18, 2021 // Manufacturing News, Markets & Finance News, Jinko Solar, Germany, Europe, polysilicon, solar modules, Wacker Chemie AG, Kangping Chen
Tata Power to open up 4GW solar cell, module manufacturing facility run by robots
and module capacity to service its very own projects-- it lately revealed "India's largest floating solar park" in addition to commissioning the country's
Jul 6, 2022 // Manufacturing News, India, Tamil Nadu, solar pv, Asia, solar cell, modules, module manufacturing, tata power, robots
Have your say on NSEFI best practice guidelines for utility scale PV
signs abound that quality issues facing Indian PV power plant developers are being overcome. However, with intense price pressure there is always the risk
Sep 10, 2019 // Plants, Large-Scale, Commercial, Grids, Solar, India, Asia, SolarPower Europe, NSEFI, Subrahmanyam Pulipaka
CEEW Research Flags Concentration Of Clean Energy Manufacturing As Global Risk
for a risk-free energy transition in the direction of renewable energy.
The Indian government commissioned the study to CEEW to inform the G20 Energy Transition
Apr 4, 2023 // Manufacturing News, Market Research, G20, critical minerals, CEEW, exports
Australian Renewable Energy Agency Invites EOI For Grid-Connected Community Batteries
stated.
The concept of community batteries is likewise at a nascent phase in India. In 2021, Tata Power-DLL in cooperation with Nexcharge, a joint venture
Apr 4, 2023 // Markets & Finance News, Storage, Darren Miller, EOI, Australian Renewable Energy Agency, Community Batteries for Household Solar Program, grid-connected community batteries, pressure on grids, Rooftop solar in Australia, shared batteries
Tata Power Launches Massive Solar Cell Production in Tamil Nadu
Tirunelveli, Tamil Nadu, managed by TP Solar Ltd. The plant, notable for being India's largest single-site solar cell and module production base, will gradually
Sep 16, 2024 // Manufacturing News, Tamil Nadu, solar cell, tata power
Tariff ceilings as well as COVID-19 concerns haunt 500MW solar tender in Gujarat
taking care of supervisor of working as a consultant company Bridge to India, informed PV Tech: "The low tariff ceiling (INR 2.65) [around 3 United States
Mar 11, 2020 // Markets & Finance News, Tariffs, India, tender, Asia, Vinay Rustagi, gujarat, GUVNL, Coronavirus, tata, juniper, vena
Adani Green payments 25 MW solar plant in Uttar Pradesh's Chitrakoot
performance of 80+ solar as well as wind plants across varied places in India, the declaration said.
With the commissioning of this project, AGEL has
Jan 11, 2021 // Plants, India, Asia, Adani Green Energy, solar plant