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...
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...
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...
Results for Maharashtra State Electricity Distribution Company Limited’s (MSEDCL) auction to develop 500 MW of grid-connected intra-state wind-solar hybrid power projects on a long-term basis have been announced.The tender also includes additional greenshoe option of up to 500 MW. The tender was issued in March 2024. JSW Energy and...
Hindustan Zinc has initiated the first phase of integrating clean energy from Serentica Renewables’ Bikaner project in Rajasthan.Serentica is providing power to Hindustan Zinc’s operational units in the state. Hindustan Zinc signed power delivery agreements with Serentica to secure 450 MW of round-the-clock renewable energy, guaranteeing operational reliability and...
Adani Green Energy Limited (AGEL) has secured $400 million in financing from a consortium of international lenders for its 750 MW solar power projects under construction in Rajasthan and Gujarat. The 500 MW Rajasthan project has a long-term power purchase agreement with the Solar Energy Corporation of India, while...