BC Jindal Group’s JIRE eyes operational asset acquisitions to achieve 5 GW renewable energy target
BC Jindal Group’s renewable energy arm, Jindal India Renewable Energy (JIRE), is looking to expand its RE capacity by acquiring operational assets in India and globally. The acquisitions will be funded through a mix of internal accruals and debt.
IESA projects over $500 million investment in Indian battery, mobility startup ecosystem within a year
Bharat Battery Show, part of the Bharat Mobility Global Expo 2025, saw participation of one hundred startups. Many of these startups are seeking funding from major conglomerates and investment firms.
Avaada Group closes $1 billion financing for its diverse projects for Q3 FY 2025
Avaada Group has completed INR 8,500 crore ($1 billion) in financing/refinancing for its large-scale solar projects, agrivoltaic projects under the PM-KUSUM scheme, commercial and industrial (C&I) projects and solar module manufacturing facilities.
CleanMax secures financing for onsite solar projects in UAE
CleanMax has secured AED 99 million ($27 million) long-term credit facility from HSBC to develop and finance its onsite solar portfolio in the United Arab Emirates.
Essar Renewables to develop 2 GW of renewable energy projects for its green mobility initiative in Maharashtra
Essar Renewables will invest around INR 8,000 crore in a mix of round-the-clock renewable energy projects, primarily aimed at supporting the electric vehicle truck charging ecosystem of Blue Energy Motors and Greenline.
Blue Energy to set up EV truck, battery manufacturing facility in Maharashtra
Blue Energy Motors has signed an agreement with the Government of Maharashtra to set up a manufacturing facility designed to produce 30,000 EV trucks annually. The facility will also house a battery pack line.
The best tilt angle to improve PV module performance in world’s worst soiling accumulation zone
Scientists have measured the performance of PV modules under strong soiling conditions in Saudi Arabia and have identified the most suitable tilt angles for improving power generation. They have also found that a key role is played by rain intensity, dust, sandstorms, and cloud cover.
Renewable energy plus storage auctions to gain traction
India Ratings expects renewable energy plus storage tenders to gain further traction in the coming years, considering the storage requirement of around 74 GW/411 GWh as per National Electricity Plan (2023-2032).
NTPC-CEB JV finalizes landmark tariff for large-scale solar project in Sri Lanka
Trincomalee Power Co. Ltd, a 50:50 JV company between NTPC and Ceylon Electricity Board, has finalized a 5.97 US cents per unit tariff for its 50 MW project in Sampoor, Trincomalee, after rounds of deliberations with various stakeholders in Sri Lanka
Jupiter International secures INR 3-crore rooftop solar project in West Bengal
Jupiter International will deploy rooftop grid-connected solar PV power plants across West Bengal Khadi & Village Industries Board’s 23 locations in West Bengal.
