Ohmium, a US-based green hydrogen focused organisation that develops Proton Exchange Membrane (PEM) electrolysers has launched a new gigafactory in Doddaballapura, near Bengaluru. It has a production space of 14,000 square meters and will be shipping 2 GW of fully assembled and tested electrolyser systems. This is Ohmium’s second...
The Rajasthan Electricity Regulatory Commission (RERC) has sanctioned Rajasthan Urja Vikas & IT Service (RUVITL) to procure 1,000 MW of solar power from seven different developers.RUVITL signed power purchase agreements with the chosen developers between February and March 2024 for a duration of 25 years. The decision, designed to...
ACWA Power has concluded the sale of 35 per cent of its ownership in the ACWA Power Bash Wind Project Holding Company Limited and ACWA Power Uzbekistan Wind Project Holding Company Limited to China Southern Power Grid International (HK) Co. Limited.This transaction marks the first co-investment between the two...
The Asian Development Bank (ADB) has sanctioned loans worth $240.5 million for financing rooftop solar systems in India. The funding will be allocated to State Bank of India (SBI) and National Bank for Agriculture and Rural Development (NABARD) to provide loans to developers and end-users for the deployment of...
Indian Renewable Energy Development Agency Limited (IREDA) has announced plans to invest approximately Rs. 2.9 billion in a 900 MW hydroelectric power project in Nepal. With this investment IREDA will have up to 10 per cent stake in GMR Upper Karnali Hydro Power Limited and Karnali Transmission Company Pvt....
ACWA Power has concluded the sale of 35 per cent of its ownership in the ACWA Power Bash Wind Project Holding Company Limited and ACWA Power Uzbekistan Wind Project Holding Company Limited to China Southern Power Grid International (HK) Co. Ltd (CSGIHK). This transaction marks the first co-investment between...
Rayzon Solar have partnered with Hero Future Energies in advancing sustainable energy solutions. The companies are set to launch a 200 MW solar project in Karnataka. This initiative is expected to reduce carbon emissions by an estimated 350,000 to 375,000 tonnes annually.In May 2024, Hero Future Energies and SJVN inked...
Indian Renewable Energy Development Agency Limited (IREDA) has planned to invest in a 900 MW hydroelectric power project in Nepal.The approximately Rs 2.90 billion investment will secure IREDA up to 10 per cent shareholding in GMR Upper Karnali Hydro Power Limited, Nepal and Karnali Transmission Company Private Limited, Nepal....
The Asian Development Bank (ADB) has approved $240.5 million in loans to finance rooftop solar systems in India that will help the government expand energy access using renewable energy.The financing will support tranches 2 and 3 of the multitranche financing facility solar rooftop investment program approved by ADB in 2016. The...
Jupiter International Limited has raised Rs 3 billion in financing from ValueQuest S.C.A.L.E. PE fund.This capital will be used to enhance Jupiter International’s existing cell production capacity and start module manufacturing operations. This new investment will allow Jupiter International to establish a 1.8 GW solar cell manufacturing facility and...