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...
Oriana Power has secured a new contract from a cement manufacturing company for a 40 MWp solar power plant under the captive segment. To be located in Rajasthan, the company will supply power to the cement manufacturer. The project will be executed by a separate entity formed directly by Oriana...
Green Yellow, a French renewable energy company plans to install more than 350 MW of photovoltaic (PV) panels throughout the domestic network of Carrefour, a grocery retailer located in France by 2027. A 20-year contract between the two companies will allow Carrefour to solarize 350 stores and hypermarkets and...
Leeward Renewable Energy (LRE) has closed a $1.25 billion construction warehouse facility to support its aspirations to install more than 890 MW of wind, solar, and battery storage capacity. The capital will support the firm’s operational portfolio over a three-year period, as part of its multi-year expansion strategy.
LRE, an...
The Ministry of New and Renewable Energy has expanded the Approved List of Models and Manufacturers (ALMM) by including an additional 2,674 MW of solar module capacity. This brings the total cumulative manufacturing capacity of modules to 50,675 MW. Emmvee Photovoltaic Power contributes 1,509 MW to the recently added...
The Odisha government has sanctioned a total of Rs 4.11 billion for two major projects in the clean energy sector. The two projects include a 100 MW ground-mounted solar photovoltaic captive power project of Envirocare Infrasolution in Boudh with an investment of Rs 3.51 billion. Another project is for...
Indosolar Limited, a subsidiary of Waaree Energies Limited, has announced the inauguration of its new solar module manufacturing plant. Located in Noida’s industrial hub, India, the plant has a production capacity of 1.3 GW. The facility is anticipated to manufacture high-quality solar solutions and support eco-friendly manufacturing initiatives, in...