AMPIN Energy Transition has secured an investment of $50 million from Siemens Financial Services, the financing arm of Siemens AG, to scale its renewable energy portfolio in India.
The 245 MW capacity is part of the 735 MW Nokh solar PV project in Jaisalmer.
BluPine Energy has secured INR 1,787 crore from the National Bank for Financing Infrastructure and Development (NaBFID). The funding will allow it to optimize cost structure and expand renewable portfolio.
Digital adoption across the renewable energy value chain reveals a stark imbalance. Operations and maintenance (O&M) has embraced digitalization most enthusiastically, with SCADA systems and IoT-enabled devices revolutionizing efficiency through real-time monitoring and resource optimization. However, engineering, procurement, and construction (EPC) processes remain surprisingly under-digitized despite their critical importance.
The solar EPC solutions provider also plans to expand its footprint to international markets in renewable energy sector.
BloombergNEF reports the world installed nearly 600 GW of solar power in 2024, closely aligning with projections that annual global solar installations will surpass 1 TW within the next few years. Although projections for 2025 currently fall short of that pace, early forecasts often underestimate actual deployment.
Solar dominates project queues through 2028, said data from the Federal Energy Regulatory Commission (FERC).
BC Jindal Group’s Jindal India Renewable Energy (JIRE) has secured 300 MW of solar power capacity with 150 MW/300 MWh battery storage from NHPC at a tariff of INR 3.09/kWh.
The 1 GWp (750 MW AC) solar PV project is partly financed by the Asian Development Bank.
Adani Green Energy Ltd has commissioned a 250 MW solar project at Badi Sid & Kalyan Ki Sid in Rajasthan, taking its total operational renewable generation capacity to 13,091.1 MW.
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