Borosil Renewables raises INR 200 crore though QIP issue
The solar glass manufacturer plans to utilize the funds to more than double its solar glass production capacity from 450 tonnes per day (TPD) to 950 TPD.
NTPC arm tenders 30 MW solar in Madhya Pradesh
Bids are invited to set up 30 MW grid-connected solar capacity across various locations in the State. The projects shall be awarded through domestic competitive bidding. Bidding closes on January 7.
Amp Energy unveils the largest distributed generation RE project in Eastern India
The developer claims that its 10.5 MW on-site solar plant for Tata Hitachi’s Kharagpur facility in West Bengal is the largest behind-the-meter renewable energy project in Eastern India.
Renewables developer Ayana hits $721 million in equity funding with fresh injection
The Indian renewables platform’s promoters have committed additional equity funding of $390 million, taking the total to $721 million. National Investment and Infrastructure Fund (NIIF), accounting for $284 million of the new injection, becomes the majority shareholder now. U.K. government-owned development finance institution CDC Group and UK-India Green Growth Equity Fund (GGEF) have committed $70 million and $36 million, respectively.
Indian Railways invites proposals for solar-plus-storage pilot in Gujarat
The project—to be set up on a 90-acre vacant Railway land at Dahod in Gujarat—shall be awarded through competitive bidding. Western Railways shall be the offtaker for 25 years at a price discovered through the bidding process.
Green hydrogen cost could fall more than 50% by 2030
With this, green hydrogen (hydrogen produced using renewable energy) would become cost-competitive with hydrogen from fossil fuels in certain industrial applications such as ammonia production for fertilizers.
32% growth in electricity subsidies shows that public DISCOMs need reforms
A new report looks at the rising dependence of India’s DISCOMs on electricity subsidies, despite concerted bailout efforts by the central government. It assesses various states’ performance in reining in DISCOMs’ financial losses and enhancing their overall efficiency over the last five years. Building on these findings, the study suggests reforms in the distribution and design of subsidies to increase power companies’ revenues as consumption surges.
NTPC invites proposals for solarization projects in ISA member countries
The selected applicants are required to execute projects across categories like solar-powered cold storage, solar water pumps, solar-powered reverse-osmosis water systems and off-grid solar systems for primary health care centers on a turnkey basis. The work includes engineering, supply, erection, commissioning along with maintenance support for three years.
Competition in intra-state transmission sector will drive India’s renewable energy progress
The intra-state transmission infrastructure is the weakest link in the grid. The introduction of competition from private players can help drive down construction costs and promote timely completion of projects, assisting the absorption of low-cost, domestic renewable energy generation.
Ecoppia robotic cleaners selected for Azure Power’s 450MW solar project
The Israeli developer of module cleaning robots has bagged an order from Indian solar developer Azure Power to deploy its water-free cleaning solution across a 450 MW solar project in Rajasthan.
