Tata Power secures PPA with SJVN for 460 MW renewables-plus-storage project
Tata Power Renewable Energy Ltd will develop a hybrid plant comprising solar, wind, and battery storage components to meet the 460 MW firm and dispatchable renewable power requirement.
Adani Green Energy revenue up 33% YoY to INR 7,735 crore
Adani Green Energy Ltd (AGEL) also reported its operational capacity grew 35% YoY to 10,934 MW with greenfield addition of 2,418 MW solar and 430 MW wind projects. The company’s renewable energy capacity target is now revised upwards to 50 GW by 2030.
Adani Green secures $400 million for 750 MW solar projects
Adani Green Energy Ltd has secured $400 million green loan for its under-construction solar projects in Gujarat and Rajasthan. The lenders include DBS Bank, Intesa Sanpaolo, MUFG Bank, Rabobank, and Sumitomo Mitsui Banking.
Fortum sells stake in 185 MW Indian solar portfolio
Fortum has signed an agreement to sell the remaining 43.75% share of its Indian solar power portfolio to Gentari Renewables India. Post divestment, the company still has EV charging services and a renewables development portfolio with projects at different stages in India.
India installed 15 GW of solar capacity in FY 2024: CEEW-CEF
India added 18.5 GW of renewable energy generation capacity in FY 2024, comprising 81% (15 GW) from solar (grid-scale and rooftop).
Solar bloodbath: Titans clash in ruthless price war
The ongoing price war between top global suppliers could catalyse more competitive solar panel pricing in the Indian market, potentially leading to an increase in solar adoption at both the commercial and residential levels.
Avaada Energy secures $143 million SBI loan for solar project in Gujarat
Avaada Energy has secured about INR 1,190 crore ($143 million) as a 20-year project loan facility from State Bank of India (SBI). It will use the financing to support the development of its 400 MWp utility-scale solar PV power project in Gujarat.
SJVN launches 1.2 GW solar tender
SJVN is accepting bids to develop 1.2 GW of solar power projects, connected to the interstate transmission system, anywhere in India. Bidding closes on June 17.
ADB offers $121 million for 100 MW solar project in Bangladesh
The Asian Development Bank (ADB) says a new 100 MW solar project in Bangladesh will be the country’s first private sector utility-scale PV facility to secure ADB support.
Scientist hails commercial feasibility of Saudi Arabian hydrogen city plan
Alberto Boretti was a senior research professor at Prince Mohammad Bin Fahd University in 2021 when he first started discussing the idea of a hydrogen city in Al Khobar, Saudi Arabia. The New Zealand-based independent tells pv magazine that it is now commercially feasible, as the city’s 200 MW of energy demand would necessitate 1 GW to 1.3 GW of solar and wind capacity, 509 MW to 997 MW of electrolysis capacity, and 145,000 MWh of hydrogen storage capacity.
