Renewable energy lending up by 60% last year
Lending to renewable energy projects in India in 2023 increased 63% year-on-year to INR 30,255 crore ($3,663 million). Out of the total, 49% went to solar projects.
India to mandate energy storage for solar, wind projects
India is likely to follow in the footsteps of China and mandate the inclusion of battery storage capacity for future wind and solar energy projects.
IMFA forms joint venture with JSW Green Energy
Indian Metals & Ferro Alloys Ltd has formed a joint venture with JSW Green Energy to set up a hybrid wind-solar power plant for self-consumption.
ACME Solar secures 250 MW renewables-plus-storage project in NHPC auction
With the latest win, Acme Solar’s overall renewables portfolio has increased to around 7 GW.
JSW Energy secures 445 MW of C&I renewable energy projects
JSW Energy will develop a wind-solar project for 68 MW power supply to DCM Shriram. Among other projects, it has secured a 130 MW solar power purchase agreement with Indus Tower.
ReNew to delist from NASDAQ
A consortium of ReNew Energy Global promoters including Masdar, CPP Investments, Abu Dhabi Investment Authority (ADIA) and Sumant Sinha has offered to buy out the company’s publicly listed shares.
INOXGFL Group enters solar manufacturing
INOX Solar, an INOXGFL Group promoter-owned company, targets initial manufacturing capacities of 5 GW of solar modules and 2.5 GW of solar cells by 2026. It will also offer solar project EPC and O&M services through group companies. The strategic foray into solar will complement INOXGFL’s wind business, making it a complete renewable energy solution business.
Hitachi Energy advances energy forecasting with new AI solution
Hitachi Energy’s Nostradamus AI solution enables users to make better decisions by quickly generating accurate forecasts for solar and wind generation, market pricing, load, and more.
Avaada Group commits INR 1 lakh crore renewable energy investments in Rajasthan
Avaada Group will invest across pumped storage, green hydrogen, green ammonia, wind and solar power projects in Rajasthan.
The Hydrogen Stream: Gentari to supply 650 MW round-the-clock renewable power to AMG Ammonia
Gentari will set up around 2.4 GWp of solar and wind power generation capacity in India, backed with 350 MW/2100 MWh energy storage, to supply firm and dispatchable green power to AMG Ammonia’s facilities
