Adani Green completes 1,050 MW renewables transfer to TotalEnergies JV
Adani Green Energy Ltd has sold half the stake in its 1,050 MW of renewable energy projects to TotalEnergies, raising $300 million to support the development of these assets. The projects are now owned by a joint venture between the two companies.
Promoters to invest $1,125 million equity in Adani Green
Adani Green Energy Ltd stated the funds will be utilized for deleveraging and accelerated capital expenditure to achieve 45 GW of renewable energy capacity by 2030.
India has awarded more than 8 GW of utility-scale energy storage in tenders as of November
A new report by IEEFA and JMK Research says energy storage systems are poised to attract the highest investment of all emerging renewable energy sectors this decade, concurrent with the increasing penetration of renewable energy in the nation’s electricity grid.
21 companies bid for electrolyzer incentives in India
The government’s production-linked incentive (PLI) scheme for electrolyzer manufacturing has received an overwhelming response with bids received for 2.28 times the capacity to be awarded.
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.
Essar to develop 1 GW green hydrogen project in Gujarat
Essar Group will develop a 1 GW green hydrogen project in Gujarat with an estimated investment of INR 30,000 crore ($3.6 billion).
BluPine Energy achieves financial closure for 120 MW solar project in Gujarat
BluPine Energy has secured green loan financing from Standard Chartered for its 120 MW solar project in Gujarat.
Swedish zinc-ion battery startup secures funding for megafactory
Enerpoly, a Swedish startup that produces zinc-ion battery storage systems with durations of two to 10 hours, plans to scale production up to 100 MWh per year by 2026.
Cost of battery-based energy storage, INR 10.18/kWh, expected to reduce with VGF and PLI Schemes
Currently, the cost of battery-based energy storage in India is INR 10.18/kWh, as discovered in a SECI auction for 500 MW/1000 MWh BESS. The government has launched viability gap funding and Production-Linked Incentive (PLI) schemes to make battery storage affordable.
Adani Group to invest $100 billion in green energy transition over 10 years
Adani Group targets to become net zero by 2050 or earlier for five of its portfolio companies — Adani Green Energy, Adani Energy Solutions, Adani Ports & SEZ, ACC, and Ambuja Cements.
