Serentica Renewables advances 1.5 GW round-the-clock renewable power project
Serentica Renewables has deployed the first set of solar PV modules and wind turbines under its project to deliver 1.5 GW of round-the-clock renewable power to industrial consumers.
Ambuja Cements commits INR 6,000 crore to 1 GW of solar, wind power projects
Ambuja Cements Ltd, part of the diversified Adani Group, plans investment in 750 MW of new renewable power generation capacity in Gujarat (600 MW solar and 150 MW wind) and a 250 MW solar power project in Rajasthan as it pursues cost reduction and environment sustainability across its cement manufacturing operations. The company will fund these projects through internal accruals.
Sterling and Wilson Renewable Energy raises INR 1,500 crore through QIP
Sterling and Wilson Renewable Energy’s INR 1,500 crore ($180 million) qualified institutions placement issue received an overwhelming response from both domestic mutual funds and marquee global foreign institutional investors.
NTPC launches 1.5 GW solar tender
NTPC has also invited bids to supply 1.5 GW of renewable power from wind-solar hybrid power projects. The projects can be developed anywhere in India
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.
