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Finance

Avaada to develop 6 GW of hybrid wind-solar projects in Gujarat

Avaada Group has signed an agreement with the government of Gujarat to develop 6 GW of hybrid wind-solar projects with an investment of INR 40,000 crore.

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REC raises about INR 3,500 crore via Japanese Yen-denominated green bonds 

Proceeds from the issue of the bonds will be applied to finance the eligible green projects.

Engie commits INR 17,200 crore investment in Gujarat

Engie will invest INR 17,200 crore towards the development of 2.5 GW of renewable energy projects by 2030 in Gujarat. It will also collaborate with the Gujarat government for decarbonization initiatives in the state.

Reliance’ green energy giga complex will be ready for commissioning this year, Adani announces further investment in Gujarat

Reliance Industries and Adani Group, which have made big investments in creating an integrated renewable energy ecosystem in Gujarat, announced their further plans for the state at the 10th Vibrant Gujarat Global Summit.

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Govt announces INR 515-crore solar power scheme for electrification of tribal areas

The Scheme targets the electrification of 100,000 un-electrified households in tribal areas by providing off-grid solar solutions free of cost. The solutions will be installed in areas where electricity supply through the grid is not techno-economically feasible.

Adani Green Energy to invest in pumped storage plants in Tamil Nadu

Adani Green Energy will invest INR 24,500 crore in setting up three pumped storage plants with a cumulative capacity of 4.9 GW in Tamil Nadu.

Juniper Green signs INR 8,000 crore MoU for 1 GW wind, solar projects in Gujarat

Juniper Green Energy has signed an agreement with the state government of Gujarat to establish 1 GW of wind and solar projects in Gujarat with an investment of INR 8,000 crore ($961.75 million).

Evergreen Renewables to invest INR 4,000 crore in Gujarat

Advait Infratech will invest in the manufacturing and assembly of fuel cells and electrolyzers in Gujarat. Waaree will set up a green hydrogen/green ammonia production facility along with hybrid (solar, wind) renewable energy generation.

Torrent Power commits INR 47,350 crore renewables, green hydrogen investment in Gujarat

Torrent Power will invest INR 47,350 crore (around $5.7 billion) in green hydrogen and green ammonia production, solar and hybrid power generation, and power distribution in Gujarat.

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Uttar Pradesh to soon emerge as solar energy hub of India: UPNEDA

The Indian state of Uttar Pradesh has solar and other clean energy projects with a total investment outlay of INR 1 lakh crore ($12 billion) in the pipeline.

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