The rise of green finance: Financing the future of renewable energy in India
India has witnessed a surge in solar and wind energy projects, backed by investments from both domestic and international sources. Green finance plays a pivotal role in funding these projects.
Nepal seeking consultants for power system expansion, including solar
Nepal is seeking consultants to expand its power system, which includes building more than 200 kilometers of new transmission lines, upgrading existing ones, and constructing solar and solar-wind hybrid energy systems for remote areas. The deadline for expressing interest is Feb. 27, 2024.
India needs INR 30 lakh crore investment during FY 2024-30 to meet its COP Climate Pledges: IREDA CMD
The investment is required in building capacities across solar, hydro, wind, and waste-to-energy sectors, green hydrogen (including electrolyzers), batteries, and transmission.
Adani Green begins generation from the world’s largest renewable energy park
Adani Green Energy Ltd has operationalized the first 551 MW solar capacity of the planned 30 GW renewable energy park at Khavda, Gujarat, by supplying power to the national grid.
Tata Power Q3 FY 2024 PAT grows to INR 1,076 crore
Tata Power’s profit after tax for the third quarter (Oct-Nov-Dec. period) of FY 2024 grew to INR 1,076 crore compared to INR 1,052 crore in Q3 FY 2023.
India has installed more than 180 GW of renewable energy capacity as of Dec. 31
India has installed 180,796.35 MW of renewable energy capacity as of Dec. 31, 2023, including 73,318.49 MW (around 41%) from solar power projects.
SJVN launches 1.5 GW wind-solar hybrid tender
Developers have until March 15 to lodge their interest in setting up 1.5 GW of wind-solar hybrid power projects on a build-own-operate basis. The projects can be located anywhere in India and must connect to the interstate transmission grid.
BluPine Energy launches skill development centers for utility-scale solar, wind power projects
The skill development programs, launched in Gujarat, will impart extensive training on the installation and operation of utility-scale solar and wind power plants, fostering entrepreneurship and employability.
Adani Green Energy Ltd posts INR 950 crore profit for 9M FY2024
Adani Green Energy Ltd has reported a consolidated net profit of INR 950 crore (around $114.28 million) for the first nine months of FY 2024, which is 104% up year-on-year. Revenue from operations was up 57% YoY to INR 5,794 crore.
Adani Green completes funding of the reserves for the $750 million Holdco
Adani Green Energy Ltd has concluded funding of the entire $750 million Holdco Bond redemption with the receipt of $281 million through promoter preferential allotment. Other sources of funds include $300 million from TotalEnergies JV proceeds and $169 million from debt service reserve account, hedge reserves, and interest on reserve account.
