Adani Green secures $1.36 billion debt facility to finance Khavda RE Park
Adani Green Energy Ltd (AGEL) has secured a $1.36 billion debt facility from eight international banks in one of the largest project finance deals in Asia. It will use the funding to develop the world’s largest renewable energy park at Khavda in Gujarat.
SECI launches 1 GW renewables, storage tender
Solar Energy Corp. of India (SECI) is inviting bids from developers to supply 1.5 GW of firm, dispatchable power from renewable energy projects with storage systems. The successful bidders will set up RE projects with storage on a build-own-operate basis to supply RE power in a demand-following manner. Bids can be submitted till Jan. 9, 2024.
Tata Power secures Letter of Award for 200 MW renewables, storage project
Tata Power Renewable Energy Ltd will develop a hybrid power plant comprising solar, wind, and battery storage components to ensure 200 MW of firm and dispatchable renewable power supply. The project has been awarded by SJVN.
IREDA IPO opens for subscription
Indian Renewable Energy Development Agency Ltd is looking to raise up to INR 2,150.21 crore from its initial public offering (IPO) of 671,941,177 equity shares.
Coal power plants to thrive at 65% PLF despite surge in renewables
Strong operating cash flows will support credit profiles of private coal-based plants.
Asia leads the global race in renewables with investments rising at 23% annually
Asia’s wind and solar capacity has expanded exponentially at 35% per year since 2015, outpacing RE growth rate in other continents like Europe and North America.
Adani Electricity powered Mumbai with 100% renewables on Diwali
Adani Electricity Mumbai Ltd met the electricity needs of its customers in Mumbai entirely from renewable sources, including solar and wind, for an uninterrupted four hours on Diwali.
SJVN wraps up 1.5 GW renewables, storage tender with $0.053/kWh tariff
Seven developers secured a cumulative 1.184 GW in SJVN auction for the supply of 1.5 GW of firm and dispatchable power. The winning developers will build renewable power projects supplemented with energy storage system to ensure the power supply.
NTPC tenders 3 GW of renewables storage
The state-run power producer has also tendered the EPC package for 630 MW of solar power projects.
Ayana Renewable Power earns ‘A-’ in ISS ESG Rating
Indian developer Ayana Renewable Power has been recognized with ‘A-‘ rating for its performance on the Environmental, Social, and Governance (ESG) metrics, becoming the top ESG scorer among all renewable energy firms in Asia.
