No FCPA violation charges against directors, clarifies Adani Green Energy
Adani Green Energy Ltd has clarified that its directors, namely, Gautam Adani, Sagar Adani and Vneet Jaain have not been charged with violations of the U.S. Foreign Corrupt Practices Act (FCPA) in the indictment by US prosecutors in an alleged solar-related bribery case.
CleanMax secures wind-solar PPA with Pipavav cargo port
CleanMax has secured the power purchase agreement for a hybrid project featuring 3.50 MW wind and 1.06 MWp solar components in Gujarat.
NGEL, NREDCAP tie up for 25 GW of renewable energy projects in Andhra Pradesh
NTPC Green energy Ltd (NGEL) and New and Renewable Energy Development Corp. of Andhra Pradesh (NREDCAP) have entered a joint venture agreement to develop 25 GW of renewable energy projects, 0.5 mmtpa of green hydrogen and derivatives projects, and 10 GW of pumped hydro projects in the state.
Adani calls US allegations ‘baseless,’ to seek all possible legal recourse
The Adani Group has termed the US allegations of bribery for solar contracts ‘baseless’ and added that it will seek all possible legal recourse.
Gautam Adani indicted in US for an alleged solar-related bribery scheme
Gautam Adani faces an indictment in the United States over claims it led a scheme to bribe Indian officials to secure multibillion-dollar solar contracts. The charges allege the group concealed its actions while seeking capital from US and global investors.
Datta Infra commits INR 5,000-crore renewable energy investment in Rajasthan
Datta Power Infra has signed a Memorandum of Understanding (MoU) with the government of Rajasthan to invest INR 5,000 crore in setting up 1 GW of wind, solar, and wind-solar hybrid projects in Rajasthan.
NTPC Green sets the price band for its INR 10,000 crore public issue
NTPC Green Energy intends to utilize the net proceeds from the fresh issuance to the extent of INR 7,500 crore for repayment/prepayment, in full or in part, of certain outstanding borrowings availed by its wholly owned subsidiary, NTPC Renewable Energy Ltd (NREL). The balance will go towards general corporate purposes.
India added ‘record’ 17.4 GW solar in first nine months of 2024, says JMK Research
India installed about 17.4 GW of solar capacity from January to September 2024. This included about 13.2 GW from utility-scale PV installations, 3.2 GW rooftop projects and 1 GW offgrid/distributed PV capacity.
SJVN allocates 1.2 GW wind-solar hybrid capacity at $0.038/kWh
Datta Infra, EG Energy (Enfinity Global), Gentari Renewables, Juniper Green, and Sunsure Energy have emerged winners in SJVN’s auction for 1.2 GW of wind-solar hybrid capacity.
SECI launches 1.2 GW renewables, storage tender
Solar Energy Corp. of India (SECI) has launched a tender to select developers for 1.2 GW of round-the-clock power from renewable energy projects backed with energy storage systems. Bidding closes on Dec. 16.
