REC has agreed to provide INR 10,000 crore in debt funding to support Sunsure Energy in the development of 3 GW of solar, wind, hybrid, and battery energy storage projects.
Tata Power Renewable Energy Ltd has secured a Letter of Award to develop a 400 MW wind-solar hybrid project for power supply to the Maharashtra State Electricity Distribution Co. Ltd. The project includes original contracted capacity of 200 MW along with the greenshoe option for an additional 200 MW capacity.
Jindal India Renewable Energy plans to build 1 GWh battery pack assembly line by 2025. It aims to become an end-to-end player in energy storage systems with 5 GWh cell capacity by 2027.
Hindalco, a mining and metals arm of Aditya Birla Group, plans solar panel manufacturing leveraging its capabilities in metal production. The company has reportedly identified Mundra (Gujarat) as the location for its manufacturing facility.
The state government of Uttar Pradesh has received investment proposals amounting to close to INR 1.15 lakh crore from 17 different entities for producing green hydrogen/green ammonia
Hygenco has entered into a memorandum of understanding (MoU) with REC Ltd for $280 million to finance its green
ammonia project in Gopalpur, Odisha.
Insolation Energy (INA Solar) is building a 3 GW PV module manufacturing facility along with 12,000 mtpa aluminium frame plant in the Jaipur district of Rajasthan.
JSW Neo Energy and Reliance Power have secured 500 MW each in Solar Energy Corp. of India’s tender to set up 1 GW/2 GWh of standalone battery energy storage projects.
Adani Power Ltd has secured a Letter of Intent from Maharashtra State Electricity Distribution Co. Ltd (MSEDCL) to supply 6.6 GW hybrid solar and thermal power. The 5 GW solar component of the contracted power will be supplied by Adani Green Energy from its renewable energy park in Khavda, Gujarat.
Sunsure will supply solar power to Lupin from its 100 MW (150 MWp) PV plant in Solapur.
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